Are Philippine Banks Under Provisioning Loan Losses? - As of December 31, 2016

Are Philippine banks under provisioning loan losses?

On the face of it, no.

At 1.40% as of December 31, 2016, NPLs as a percentage of Total Loan Portfolios are at historic lows.

The NPL Coverage Ratio is at historic highs at 144.67% as of December 31, 2016. 

However, NPLs can go much higher than current levels.  Over the past thirty-four years, NPLs as a percentage of Total Loan Portfolios averaged 8.78% for Philippine Universal and Commercial Banks. Moreover, Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP) have averaged 4.68% for the past thirty years.  As can be seen from the chart below, loan loss reserves hit a peak of 22.23% of TLP in 1986, an outlier.  Without this outlier, LLR/TLP average is 4.14% for the past thirty-four years.

As of December 31, 2016, LLR/TLP stands at 2.02%, which is below the historical average of 4.14%, indicating that Philippine banks are under-provisioning for loan losses, given historical norms. If Philippine banks were to maintain higher loan loss provisions to conform to historical averages, bank earnings will suffer but will be better provisioned for future losses.


Now, which banks have not adequately provisioned for loan losses at their current NPL levels, which are at historic lows? Those highlighted in yellow (below 80% NPL Coverage Ratio) are prime candidates.

Philippine Banking System
NPL Coverage Ratio
December 31, 2016
Bank	Loan Loss Provisions	Gross NPLs	NPL Coverage Ratio
PHIL POSTAL SAVINGS BANK INC	333,047,322.48	2,105,663,775.71	15.82%
CITYSTATE SAVINGS BANK INC	28,194,883.83	119,756,629.16	23.54%
EQUICOM SAVINGS BANK INC	146,840,980.06	601,715,967.86	24.40%
LUZON DEVELOPMENT BANK	140,505,149.80	544,175,490.99	25.82%
MARITIME SAVINGS BANK CORPORATION	6,948,645.24	24,652,054.39	28.19%
LIFE SAVINGS BANK INC	4,875,321.67	14,205,894.15	34.32%
WORLD PARTNERS BANK (A THRIFT BANK)	43,933,367.98	107,415,667.13	40.90%
PHIL STAR DEVELOPMENT BANK INC	8,584,607.75	19,238,385.28	44.62%
OPTIMUM DEVELOPMENT BANK INC	44,215,809.90	90,959,273.89	48.61%
CHINA BANK SAVINGS INC	2,173,488,033.39	4,293,974,170.33	50.62%
MALAYAN BANK SAVINGS AND MORT BANK INC	294,054,415.63	574,727,293.20	51.16%
ENTERPRISE BANK INC (A THRIFT BANK)	121,353,813.66	232,694,561.97	52.15%
BANK ONE SAVINGS AND TRUST CORP.	12,136,266.46	23,101,952.55	52.53%
PAMPANGA DEVELOPMENT BANK	26,936,446.48	49,744,868.65	54.15%
MALASIQUI PROGRESSIVE SLB, INC	6,951,706.48	12,713,229.25	54.68%
1ST VALLEY BANK INC A DEVELOPMENT BANK	191,949,568.34	346,548,011.68	55.39%
WEALTH DEVELOPMENT BANK CORPORATION	133,572,223.76	240,199,722.90	55.61%
RCBC SAVINGS BANK INC	2,069,453,414.48	3,715,336,441.78	55.70%
METRO CEBU PUBLIC SAVINGS BANK	12,188,817.06	21,100,005.39	57.77%
PRODUCERS SAVINGS BANK CORPORATION	180,254,314.44	311,505,684.33	57.87%
UNIVERSITY SAVINGS BANK INC	42,642,434.66	72,145,206.72	59.11%
CENTURY SAVINGS BANK CORPORATION	21,061,844.89	34,734,041.96	60.64%
STANDARD CHARTERED BANK	1,296,634,374.95	2,123,003,347.70	61.08%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	4,030,509.10	6,509,512.97	61.92%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	93,435,088.93	146,519,151.74	63.77%
UCPB SAVINGS BANK	622,663,549.91	975,156,384.32	63.85%
PNB SAVINGS BANK	549,213,325.97	829,192,484.27	66.23%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	636,882,137.36	936,700,031.78	67.99%
ANZ BANKING GROUP LTD	277,452,243.24	404,087,064.26	68.66%
EAST WEST BANKING CORP	5,654,352,021.70	8,227,387,109.25	68.73%
NORTHPOINT DEV'T BANK INC	85,299,972.67	122,915,455.83	69.40%
BUSINESS AND CONSUMERS BANK (A DB)	10,375,153.50	13,970,890.80	74.26%
BATAAN DEVELOPMENT BANK	23,381,061.33	31,340,481.42	74.60%
BANK OF MAKATI (A SAVINGS BANK) INC	1,690,714,265.05	2,243,073,464.02	75.37%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	724,420,435.39	955,755,336.48	75.80%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	30,270,872.06	39,444,210.03	76.74%
PHILIPPINE VETERANS BANK	1,462,735,170.55	1,898,738,872.12	77.04%
UNITED COCONUT PLANTERS BANK	4,694,474,678.64	5,989,286,726.79	78.38%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	22,353,345.69	28,178,352.90	79.33%
INTER-ASIA DEVELOPMENT BANK	6,196,487.82	7,566,983.61	81.89%
HIYAS BANKING CORPORATION	28,859,545.81	34,826,424.16	82.87%
MAYBANK PHILIPPINES INCORPORATED	1,700,075,880.09	2,036,189,716.30	83.49%
CITY SAVINGS BANK INC	1,341,372,690.55	1,530,120,230.40	87.66%
BATAAN SAVINGS AND LOAN BANK	1,595,044.62	1,808,578.20	88.19%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,182,951,000.48	1,322,295,019.15	89.46%
LEGAZPI SAVINGS BANK INC	401,890,347.92	447,417,498.87	89.82%
DUMAGUETE CITY DEV BANK INC	18,933,844.50	20,850,370.14	90.81%
LEMERY SAVINGS & LOAN BANK, INC.	2,738,284.63	2,987,856.52	91.65%
BPI FAMILY SAVINGS BANK INC	6,971,409,756.08	7,497,941,572.20	92.98%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	20,622,537.49	22,071,051.75	93.44%
HONGKONG & SHANGHAI BANKING CORP	748,260,867.39	797,673,955.04	93.81%
PHIL BANK OF COMMUNICATIONS	2,159,595,324.29	2,259,014,990.06	95.60%
CORDILLERA SAVINGS BANK INC	14,015,675.60	14,588,524.39	96.07%
PHIL SAVINGS BANK	4,468,782,709.06	4,531,110,557.04	98.62%
BPI DIRECT BANKO INC A SAVINGS BANK	540,016,696.62	547,319,743.95	98.67%
YUANTA SAVINGS BANK PHILIPPINES INC	111,191,258.04	112,039,320.83	99.24%
SUN SAVINGS BANK INC	15,438,316.50	15,103,167.59	102.22%
ROBINSONS BANK CORPORATION	708,610,993.75	691,088,663.30	102.54%
FIRST CONSOLIDATED BANK INC (A PDB)	630,486,394.06	590,763,111.01	106.72%
VILLAGE BANK INC (A THRIFT BANK)	21,809,265.59	20,037,722.29	108.84%
FARMERS SAVINGS & LOAN BANK INC	25,477,401.82	22,696,612.39	112.25%
UNION BANK OF THE PHILS	8,777,174,140.57	7,778,178,634.93	112.84%
BANK OF COMMERCE	2,083,915,313.03	1,777,798,286.62	117.22%
ASIA UNITED BANK CORPORATION	1,916,602,888.31	1,475,266,303.18	129.92%
PHIL NATIONAL BANK	11,645,626,722.87	8,771,559,273.58	132.77%
DEVELOPMENT BANK OF THE PHIL	6,615,553,742.00	4,802,651,348.83	137.75%
MERCHANTS SAVINGS & LOAN ASSN INC	21,430,018.40	15,291,332.84	140.14%
THE PALAWAN BANK (PALAWAN DB) INC	21,908,732.90	14,849,692.88	147.54%
LAND BANK OF THE PHILIPPINES	10,634,578,515.79	7,173,190,275.55	148.25%
BDO UNIBANK INC	24,450,320,470.09	15,854,555,894.59	154.22%
CHINA BANKING CORP	5,823,531,628.37	3,728,985,069.67	156.17%
HSBC SAVINGS BANK(PHILS) INC	100,965,502.80	63,448,045.28	159.13%
CTBC BANK (PHILIPPINES) CORP	745,517,901.51	460,786,467.63	161.79%
BANK OF CHINA LIMITED-MANILA BRANCH	329,957,085.86	189,040,895.91	174.54%
CARD SME BANK INC A THRIFT BANK	85,236,684.08	48,473,003.59	175.84%
BANK OF THE PHIL ISLANDS	14,289,383,788.97	7,688,633,689.58	185.85%
KEB HANA BANK - MANILA BRANCH	52,723,292.43	28,022,199.88	188.15%
RIZAL COMM'L BANKING CORP	3,619,363,187.41	1,913,419,749.01	189.16%
PHIL TRUST COMPANY	2,264,032,428.42	1,172,897,983.43	193.03%
SECURITY BANK CORP	4,464,914,745.62	1,956,583,647.77	228.20%
QUEZON COCONUT BANK INC (A THRIFT BANK)	1,225,133.86	440,570.84	278.08%
METROPOLITAN BANK & TCO	13,049,114,638.69	3,683,099,014.74	354.30%
CITIBANK, N.A.	3,828,457,128.45	869,608,224.33	440.25%
BANGKOK BANK PUBLIC CO LTD	369,607,500.00	43,936,941.43	841.22%
ING BANK N.V.	106,771,914.09	101.44	105256224.46%
BANK OF AMERICA N.A.	27,700,000.00	0.00	NA
BDO PRIVATE BANK, INC.	182,621,734.84	0.00	NA
CATHAY UNITED BANK CO LTD - MANILA BRANCH	10,880,436.94	0.00	NA
DEUTSCHE BANK AG	77,821,547.23	0.00	NA
FIRST COMMERCIAL BANK LTD MANILA BRANCH	0.00	0.00	NA
INDUSTRIAL BANK OF KOREA MANILA BRANCH	10,271,834.32	0.00	NA
ISLA BANK(A THRIFT BANK) INC	4,290,580.33	0.00	NA
JP MORGAN CHASE BANK NATIONAL ASSN.	19,265,114.78	0.00	NA
MEGA INT'L COMM'L BANK CO LTD	410,834,943.20	0.00	NA
MIZUHO BANK LTD - MANILA BRANCH	349,964,606.89	0.00	NA
SHINHAN BANK - MANILA BRANCH	5,330,996.00	0.00	NA
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	82,338,553.67	0.00	NA
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	388,210,030.46	0.00	NA
Grand Total	161,909,651,400.37	130,563,795,522.67	124.01%

Source: www.bsp.gov.ph

The Top Distressed Philippine Banks as of December 31, 2016

Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning:  Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.

Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  A bank that has a Distressed Ratio greater than 100% is flagged as borderline insolvent.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks

This is a list of the top distressed Universal and Commercial (U/KB) as well as Thrift Banks in the Philippines as of December 31, 2016.  It updates a previous blog post: "The Top Distressed Philippine Banks as of September 30, 2016".

To see where your bank stands relative to these banks, please check the previous blog post: "Philippine Banks Improve Slightly in the 4th Qtr of 2016".

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
December 31, 2016
In Php
	December 31, 2016
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
BANK OF CHINA LIMITED-MANILA BRANCH	15,126,831,458.02	2,672,347,692.15	566.05%
INTER-ASIA DEVELOPMENT BANK	239,393,425.75	60,760,898.70	393.99%
UNITED COCONUT PLANTERS BANK	28,974,612,581.23	8,061,344,680.37	359.43%
PHIL POSTAL SAVINGS BANK INC	2,687,447,627.94	1,362,809,795.55	197.20%
VILLAGE BANK INC (A THRIFT BANK)	179,830,047.40	98,485,627.30	182.60%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,956,205,970.05	1,283,661,051.68	152.39%
ENTERPRISE BANK INC (A THRIFT BANK)	519,127,042.07	382,097,130.25	135.86%
LUZON DEVELOPMENT BANK	870,877,129.17	658,520,505.27	132.25%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	3,075,137,866.11	2,476,919,001.92	124.15%
EQUICOM SAVINGS BANK INC	920,564,320.14	758,995,198.35	121.29%
CHINA BANK SAVINGS INC	11,166,509,804.59	9,234,578,383.26	120.92%
WORLD PARTNERS BANK (A THRIFT BANK)	276,257,129.54	234,701,101.62	117.71%
BATAAN DEVELOPMENT BANK	111,558,649.63	96,657,335.55	115.42%
LEGAZPI SAVINGS BANK INC	935,044,558.32	882,809,922.80	105.92%
YUANTA SAVINGS BANK PHILIPPINES INC	1,123,456,087.91	1,105,008,705.94	101.67%
Grand Total	68,162,853,697.87	29,369,697,030.71	232.09%

Source: www.bsp.gov.ph

Disclaimer:

This list only serves as a screening guide.  It is not a definitive guide and must be taken in the context of other factors.  The figures are based on the individual banks' statement of condition as of December 31, 2016 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.

Philippine Banks Improve Slightly in the 4th Qtr. of 2016

Editor's Note: The Philippine Deposit Insurance Corporation (PDIC) advised consumers to wisely choose the banks where they will deposit their money. The trouble is, most depositors don't and can't read financial statements before they open a bank account. The regulators, whose job is to safeguard the public's money, have not done a good job recently.  In the past ten years, two commercial banks, twenty-one thrift banks, and a staggering 187 rural banks have collapsed, often quite suddenly and without warning. Regulators do have a problem bank list that they do not divulge to the public, for fear of sparking another bank run. So who can the public turn to, to advise them where to put their money? No one, except the banks themselves who will always promote their self-interests. This analysis is an attempt to fill in that knowledge gap, by screening out the weaker banks that seem ready to implode at any given moment.

Editor's Note: The ratio of Distressed Assets to Total Capital Cushion is a variant of the famous Texas Ratio, which was widely used by US financial regulators to predict bank failure during the US Savings and Loan Crisis in the 1980s and early 1990s. The basic premise is that a bank with Distressed Assets greater than its Capital Cushion is in danger of insolvency because a significant drop in the value of  the Distressed Assets will eat into a significant amount of the bank's capital.  For a more detailed discussion of this ratio, please visit a previous blog post: The Texas Ratio of Select Philippine Banks  



Based on the individual Published Statements of Condition for the Philippine Banking Industry (from www.bsp.gov.ph), Total Distressed Assets of Philippine Banks decreased by Php 5.83 billion or 0.92% from September 30, 2016 to December 31, 2016.  This increase was amplified by the increase of their Total Capital Cushion of Php 32.38 billion or 2.16% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased slightly by 0.75%, from 42.21% as of September 30, 2016 to 40.94% as of December 31, 2016. On a year on year basis, the Distressed Asset Ratio has dropped 12.73% from 46.91% as of December 31, 2015 to just 40.94% as of December 31, 2016.

Those banks that posted significant improvements (25% or more) in this ratio include (Distressed banks are highlighted in yellow, failed banks are highlighted in red):

1. Farmers Savings & Loan Bank Inc (80.41% decrease)
2. Village Bank Inc (70.63% decrease)
3. Wealth Development Bank (68.41% decrease)
4. Citibank, N.A. (59.33% decrease)
5. Merchant Savings & Loan Association Inc (59.17% decrease)
6. Mega International Commercial Bank Ltd (47.98% decrease)
7. Deutsche Bank AG (47.14% decrease)
8. Mizuho Bank Ltd - Manila Branch (45.57% decrease)
9. Metro Cebu Public Savings Bank (27.65% decrease)
10. ING Bank N.V. (27.62% decrease)

The banks that exhibited significant deterioration (25% or more) in this ratio include:

1. Shinhan Bank - Manila Branch (244.39% increase)
2. BPI Direct Banko Inc (132.60% increase)
3. PNB Savings Bank (55.82% increase)
4. Malasiqui Progressive SLB, Inc (43.49% increase)
5. Hiyas Banking Corporation (42.55% increase)
6. Dungganon Bank (33.51% increase)
7. United Coconut Planters Bank (28.73% increase)
8. Isla Bank (28.71% increase)
9. Card SME Bank Inc (26.12% increase)

Distressed Banks

The list of Philippine Banks classified as distressed as of December 31, 2016 are as follows:

1. Bank of China Limited - Manila Branch (Distressed Ratio of 566.05%)
2. Inter-Asia Development Bank (Distressed Ratio of 393.99%)
3. United Coconut Planters Bank (Distressed Ratio of 359.43%)
4. Philippine Postal Savings Bank Inc (Distressed Ratio of 197.20%)
5. Village Bank Inc (Distressed Ratio of 182.60%)
6. Malayan Bank Savings and Mortgage Bank Inc (Distressed Ratio of 152.39%)
7. Enterprise Bank Inc (Distressed Ratio of 135.86%)
8. Luzon Development Bank (Distressed Ratio of 132.25%)
9. Philippine Resources Savings Banking Corporation (Distressed Ratio of 124.15%)
10. Equicom Savings Bank Inc (Distressed Ratio of 121.29%)
11. China Bank Savings Inc (Distressed Ratio of 120.92%)
12. World Partners Bank (Distressed Ratio of 117.71%)
13. Bataan Development Bank (Distressed Ratio of 115.42%)
14. Legazpi Savings Bank (Distressed Ratio of 105.92%)
15. Yuanta Savings Bank Philippines (Distressed Ratio of 101.67%)

As a group, the distressed banks showed a sharp deterioration in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 232.09% as of December 31, 2016, up from 195.61% as of September 30, 2016.  

Departures

There have been three departures from the list of Distressed Banks since September 30, 2016:

1. Metro Cebu Public Savings Bank, which had a distressed ratio of 103.50% as of September 30, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 74.88% as of December 31, 2016.
2. Citibank, N.A., which had a distressed ratio of 149.46% as of September 30, 2016, dropped out of the list of Distressed Banks with a distressed ratio of 60.78% as of December 31, 2016.
3. Farmers Savings & Loan Bank Inc, which had a distressed ratio of 102.25% as of September 30, 2016, also dropped out of the list of Distressed Banks with a distressed ratio of 20.03% as of December 31, 2016.

Arrivals

1. Yuanta Savings Bank Philippines Inc, entered the Distressed Banks list with a Distressed Ratio of 101.67% as of December 31, 2016, from a Distressed Ratio of 99.04% as of September 30, 2016.

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2016 to December 31, 2016
In %
Bank	December 31, 2016	September 30, 2016	Variance	% Variance
SHINHAN BANK - MANILA BRANCH	1.42%	0.41%	1.01%	244.39%
BPI DIRECT BANKO INC A SAVINGS BANK	45.54%	19.58%	25.96%	132.60%
PNB SAVINGS BANK	19.39%	12.44%	6.95%	55.82%
MALASIQUI PROGRESSIVE SLB, INC	24.94%	17.38%	7.56%	43.49%
HIYAS BANKING CORPORATION	35.51%	24.91%	10.60%	42.55%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	51.67%	38.70%	12.97%	33.51%
UNITED COCONUT PLANTERS BANK	359.43%	279.20%	80.22%	28.73%
ISLA BANK(A THRIFT BANK) INC	3.02%	2.35%	0.67%	28.71%
CARD SME BANK INC A THRIFT BANK	30.78%	24.40%	6.37%	26.12%
BDO PRIVATE BANK, INC.	46.61%	38.07%	8.53%	22.41%
ROBINSONS BANK CORPORATION	24.15%	20.14%	4.01%	19.90%
NORTHPOINT DEV'T BANK INC	40.04%	33.52%	6.52%	19.44%
BANK OF COMMERCE	71.73%	61.89%	9.85%	15.91%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	1.60%	1.38%	0.22%	15.85%
INTER-ASIA DEVELOPMENT BANK	393.99%	351.54%	42.45%	12.08%
CITY SAVINGS BANK INC	55.87%	50.59%	5.28%	10.44%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	38.09%	34.53%	3.56%	10.30%
WORLD PARTNERS BANK (A THRIFT BANK)	117.71%	107.38%	10.32%	9.61%
PHIL SAVINGS BANK	80.29%	73.43%	6.85%	9.33%
BDO UNIBANK INC	37.08%	34.14%	2.94%	8.60%
MAYBANK PHILIPPINES INCORPORATED	73.89%	68.21%	5.68%	8.32%
THE PALAWAN BANK (PALAWAN DB) INC	70.88%	65.89%	4.99%	7.58%
RIZAL COMM'L BANKING CORP	27.14%	25.31%	1.84%	7.25%
LAND BANK OF THE PHILIPPINES	32.87%	30.75%	2.13%	6.92%
EAST WEST BANKING CORP	74.27%	69.80%	4.48%	6.41%
MALAYAN BANK SAVINGS AND MORT BANK INC	152.39%	144.47%	7.92%	5.49%
UNIVERSITY SAVINGS BANK INC	43.83%	41.56%	2.27%	5.47%
BANK OF THE PHIL ISLANDS	24.57%	23.49%	1.08%	4.62%
BANK OF MAKATI (A SAVINGS BANK) INC	57.06%	54.60%	2.46%	4.50%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.40%	0.38%	0.02%	4.27%
PHIL POSTAL SAVINGS BANK INC	197.20%	189.95%	7.25%	3.82%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	7.99%	7.71%	0.28%	3.65%
UNION BANK OF THE PHILS	63.43%	61.38%	2.05%	3.34%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	41.30%	40.02%	1.27%	3.19%
YUANTA SAVINGS BANK PHILIPPINES INC	101.67%	99.04%	2.63%	2.66%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	124.15%	121.40%	2.75%	2.26%
RCBC SAVINGS BANK INC	76.53%	74.87%	1.67%	2.22%
LEGAZPI SAVINGS BANK INC	105.92%	104.23%	1.69%	1.62%
DUMAGUETE CITY DEV BANK INC	51.23%	50.52%	0.71%	1.40%
EQUICOM SAVINGS BANK INC	121.29%	119.86%	1.42%	1.19%
QUEZON COCONUT BANK INC (A THRIFT BANK)	22.49%	22.36%	0.13%	0.59%
SECURITY BANK CORP	14.64%	14.59%	0.05%	0.36%
STANDARD CHARTERED BANK	47.30%	47.20%	0.09%	0.20%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	58.19%	58.11%	0.08%	0.13%
PHIL BANK OF COMMUNICATIONS	76.88%	77.18%	-0.30%	-0.39%
BPI FAMILY SAVINGS BANK INC	51.51%	51.78%	-0.27%	-0.52%
HSBC SAVINGS BANK(PHILS) INC	11.56%	11.68%	-0.11%	-0.96%
BANK ONE SAVINGS AND TRUST CORP.	38.33%	38.92%	-0.58%	-1.50%
BATAAN DEVELOPMENT BANK	115.42%	117.40%	-1.98%	-1.69%
FIRST CONSOLIDATED BANK INC (A PDB)	34.80%	35.52%	-0.72%	-2.03%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	58.85%	60.34%	-1.49%	-2.47%
CORDILLERA SAVINGS BANK INC	47.22%	48.42%	-1.20%	-2.48%
METROPOLITAN BANK & TCO	28.95%	29.79%	-0.84%	-2.81%
ENTERPRISE BANK INC (A THRIFT BANK)	135.86%	139.94%	-4.08%	-2.92%
CHINA BANK SAVINGS INC	120.92%	124.60%	-3.68%	-2.96%
SUN SAVINGS BANK INC	14.70%	15.24%	-0.53%	-3.49%
CENTURY SAVINGS BANK CORPORATION	9.81%	10.17%	-0.36%	-3.55%
BANK OF CHINA LIMITED-MANILA BRANCH	566.05%	590.69%	-24.64%	-4.17%
PHIL NATIONAL BANK	51.29%	53.75%	-2.46%	-4.58%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	11.45%	12.03%	-0.58%	-4.81%
LUZON DEVELOPMENT BANK	132.25%	138.96%	-6.71%	-4.83%
BATAAN SAVINGS AND LOAN BANK	3.42%	3.61%	-0.19%	-5.24%
PHILIPPINE VETERANS BANK	84.21%	89.04%	-4.83%	-5.42%
JP MORGAN CHASE BANK NATIONAL ASSN.	6.85%	7.29%	-0.44%	-6.04%
ASIA UNITED BANK CORPORATION	38.32%	41.23%	-2.91%	-7.06%
CTBC BANK (PHILIPPINES) CORP	17.68%	19.05%	-1.37%	-7.20%
LIFE SAVINGS BANK INC	27.51%	29.68%	-2.17%	-7.31%
PHIL TRUST COMPANY	29.14%	31.49%	-2.35%	-7.45%
PAMPANGA DEVELOPMENT BANK	34.72%	37.74%	-3.02%	-8.00%
MARITIME SAVINGS BANK CORPORATION	49.53%	54.31%	-4.79%	-8.82%
BUSINESS AND CONSUMERS BANK (A DB)	18.30%	20.11%	-1.81%	-9.02%
PHIL STAR DEVELOPMENT BANK INC	34.86%	38.61%	-3.75%	-9.72%
KEB HANA BANK - MANILA BRANCH	11.55%	12.84%	-1.29%	-10.05%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	62.50%	69.57%	-7.08%	-10.17%
CHINA BANKING CORP	33.62%	38.27%	-4.65%	-12.15%
LEMERY SAVINGS & LOAN BANK, INC.	9.93%	11.31%	-1.38%	-12.22%
1ST VALLEY BANK INC A DEVELOPMENT BANK	31.69%	36.33%	-4.64%	-12.78%
UCPB SAVINGS BANK	77.73%	89.30%	-11.57%	-12.95%
BANK OF AMERICA N.A.	1.03%	1.20%	-0.16%	-13.60%
BANGKOK BANK PUBLIC CO LTD	3.59%	4.19%	-0.60%	-14.28%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	2.42%	2.89%	-0.47%	-16.18%
HONGKONG & SHANGHAI BANKING CORP	24.87%	30.34%	-5.46%	-18.01%
PRODUCERS SAVINGS BANK CORPORATION	64.78%	79.28%	-14.50%	-18.29%
CITYSTATE SAVINGS BANK INC	43.78%	54.75%	-10.97%	-20.03%
DEVELOPMENT BANK OF THE PHIL	39.84%	50.78%	-10.94%	-21.54%
OPTIMUM DEVELOPMENT BANK INC	26.05%	33.30%	-7.24%	-21.76%
ANZ BANKING GROUP LTD	24.84%	31.87%	-7.03%	-22.07%
ING BANK N.V.	16.98%	23.45%	-6.48%	-27.62%
METRO CEBU PUBLIC SAVINGS BANK	74.88%	103.50%	-28.62%	-27.65%
MIZUHO BANK LTD - MANILA BRANCH	5.25%	9.65%	-4.40%	-45.57%
DEUTSCHE BANK AG	26.36%	49.87%	-23.51%	-47.14%
MEGA INT'L COMM'L BANK CO LTD	25.98%	49.95%	-23.97%	-47.98%
MERCHANTS SAVINGS & LOAN ASSN INC	2.18%	5.33%	-3.16%	-59.17%
CITIBANK, N.A.	60.78%	149.46%	-88.68%	-59.33%
WEALTH DEVELOPMENT BANK CORPORATION	29.19%	92.40%	-63.21%	-68.41%
VILLAGE BANK INC (A THRIFT BANK)	182.60%	621.78%	-439.19%	-70.63%
FARMERS SAVINGS & LOAN BANK INC	20.03%	102.25%	-82.22%	-80.41%
BPI GLOBE BANKO INC A SAVINGS BANK	NA	126.68%	-126.68%	-100.00%
MICROFINANCE MAXIMUM SB INC	NA	80.83%	-80.83%	-100.00%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)	NA	108.22%	-108.22%	-100.00%
PACIFIC ACE SAVINGS BANK INC	NA	8.81%	-8.81%	-100.00%
TOWER DEVELOPMENT BANK	NA	47.35%	-47.35%	-100.00%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	NA	0.32%	-0.32%	-100.00%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	0.51%	NA	0.51%	NA
Grand Total	40.94%	42.21%	-0.32%	-0.75%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
September 30, 2016 to December 31, 2016
In Php
		December 31, 2016				September 30, 2016
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)		Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
BANK OF CHINA LIMITED-MANILA BRANCH	15,126,831,458.02	2,672,347,692.15	566.05%		15,884,638,392.11	2,689,164,904.41	590.69%
INTER-ASIA DEVELOPMENT BANK	239,393,425.75	60,760,898.70	393.99%		212,979,011.00	60,584,384.65	351.54%
UNITED COCONUT PLANTERS BANK	28,974,612,581.23	8,061,344,680.37	359.43%		32,102,996,014.60	11,498,031,004.25	279.20%
PHIL POSTAL SAVINGS BANK INC	2,687,447,627.94	1,362,809,795.55	197.20%		2,644,058,195.81	1,391,970,544.82	189.95%
VILLAGE BANK INC (A THRIFT BANK)	179,830,047.40	98,485,627.30	182.60%		612,421,717.03	98,494,178.93	621.78%
MALAYAN BANK SAVINGS AND MORT BANK INC	1,956,205,970.05	1,283,661,051.68	152.39%		1,705,740,200.89	1,180,703,393.55	144.47%
ENTERPRISE BANK INC (A THRIFT BANK)	519,127,042.07	382,097,130.25	135.86%		445,204,238.91	318,128,721.32	139.94%
LUZON DEVELOPMENT BANK	870,877,129.17	658,520,505.27	132.25%		947,553,825.59	681,879,488.39	138.96%
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	3,075,137,866.11	2,476,919,001.92	124.15%		3,149,430,598.89	2,594,212,149.30	121.40%
EQUICOM SAVINGS BANK INC	920,564,320.14	758,995,198.35	121.29%		962,220,185.53	802,760,372.06	119.86%
CHINA BANK SAVINGS INC	11,166,509,804.59	9,234,578,383.26	120.92%		11,502,350,011.50	9,231,129,298.27	124.60%
WORLD PARTNERS BANK (A THRIFT BANK)	276,257,129.54	234,701,101.62	117.71%		234,255,813.06	218,147,250.07	107.38%
BATAAN DEVELOPMENT BANK	111,558,649.63	96,657,335.55	115.42%		111,829,792.01	95,255,014.64	117.40%
LEGAZPI SAVINGS BANK INC	935,044,558.32	882,809,922.80	105.92%		920,117,253.90	882,809,874.96	104.23%
YUANTA SAVINGS BANK PHILIPPINES INC	1,123,456,087.91	1,105,008,705.94	101.67%		1,091,195,078.72	1,101,801,279.40	99.04%
PHILIPPINE VETERANS BANK	5,813,408,772.81	6,903,137,432.84	84.21%		6,128,626,789.32	6,882,691,056.50	89.04%
PHIL SAVINGS BANK	17,806,133,956.96	22,178,636,172.40	80.29%		16,335,800,242.39	22,246,259,757.61	73.43%
UCPB SAVINGS BANK	2,665,243,340.27	3,428,720,199.39	77.73%		2,617,384,151.46	2,930,976,589.08	89.30%
PHIL BANK OF COMMUNICATIONS	8,348,705,859.85	10,859,291,581.53	76.88%		8,343,181,891.69	10,809,644,841.50	77.18%
RCBC SAVINGS BANK INC	8,879,650,366.22	11,602,333,846.39	76.53%		8,823,137,742.06	11,784,892,977.02	74.87%
METRO CEBU PUBLIC SAVINGS BANK	68,153,059.60	91,015,811.52	74.88%		71,187,151.70	68,780,352.78	103.50%
EAST WEST BANKING CORP	27,036,399,581.46	36,402,000,855.23	74.27%		24,440,249,323.06	35,017,063,657.03	69.80%
MAYBANK PHILIPPINES INCORPORATED	10,003,286,900.08	13,538,862,099.91	73.89%		9,552,620,728.10	14,005,171,618.14	68.21%
BANK OF COMMERCE	13,050,827,432.03	18,193,111,829.37	71.73%		11,080,632,494.58	17,903,872,851.40	61.89%
THE PALAWAN BANK (PALAWAN DB) INC	28,718,057.14	40,515,065.36	70.88%		34,760,993.44	52,757,089.98	65.89%
PRODUCERS SAVINGS BANK CORPORATION	1,047,955,606.91	1,617,773,988.39	64.78%		1,278,492,764.69	1,612,656,579.39	79.28%
UNION BANK OF THE PHILS	39,841,281,822.31	62,809,305,314.47	63.43%		38,305,786,615.78	62,404,019,383.94	61.38%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	344,061,778.20	550,531,931.42	62.50%		348,619,047.69	501,085,850.93	69.57%
CITIBANK, N.A.	10,385,233,914.27	17,086,459,291.36	60.78%		28,176,037,619.07	18,852,261,103.84	149.46%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,840,068,702.44	3,126,545,761.22	58.85%		1,877,984,965.12	3,112,303,401.13	60.34%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	264,727,798.72	454,943,864.25	58.19%		264,739,345.36	455,558,644.74	58.11%
BANK OF MAKATI (A SAVINGS BANK) INC	4,205,149,616.05	7,370,251,259.05	57.06%		3,799,981,842.16	6,959,682,748.89	54.60%
CITY SAVINGS BANK INC	4,742,578,997.91	8,488,295,958.79	55.87%		4,244,005,576.64	8,388,672,790.43	50.59%
DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC	62,788,421.90	121,524,055.84	51.67%		47,280,882.49	122,172,520.67	38.70%
BPI FAMILY SAVINGS BANK INC	14,819,531,849.59	28,771,568,606.47	51.51%		14,819,916,399.51	28,622,351,260.29	51.78%
PHIL NATIONAL BANK	60,599,154,710.85	118,157,606,806.42	51.29%		59,516,977,998.52	110,733,779,078.20	53.75%
DUMAGUETE CITY DEV BANK INC	138,353,989.35	270,074,160.98	51.23%		136,438,351.61	270,074,160.98	50.52%
MARITIME SAVINGS BANK CORPORATION	35,387,766.68	71,452,966.96	49.53%		38,808,990.61	71,452,966.96	54.31%
STANDARD CHARTERED BANK	3,869,199,565.44	8,180,830,061.99	47.30%		3,995,981,689.84	8,465,797,581.97	47.20%
CORDILLERA SAVINGS BANK INC	70,319,992.41	148,912,543.90	47.22%		65,267,964.75	134,785,913.82	48.42%
BDO PRIVATE BANK, INC.	2,360,663,792.30	5,065,100,238.11	46.61%		1,928,150,460.89	5,064,379,487.11	38.07%
BPI DIRECT BANKO INC A SAVINGS BANK	919,786,987.98	2,019,573,463.87	45.54%		346,582,279.55	1,770,071,069.57	19.58%
UNIVERSITY SAVINGS BANK INC	126,667,303.33	289,016,791.59	43.83%		115,096,517.16	276,973,352.60	41.56%
CITYSTATE SAVINGS BANK INC	331,352,095.50	756,794,369.28	43.78%		344,204,846.88	628,667,648.72	54.75%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	4,240,343,744.50	10,268,291,322.69	41.30%		4,075,650,331.51	10,183,864,044.55	40.02%
NORTHPOINT DEV'T BANK INC	170,023,538.90	424,608,422.63	40.04%		139,644,305.90	416,546,047.01	33.52%
DEVELOPMENT BANK OF THE PHIL	19,294,706,319.83	48,427,385,550.96	39.84%		24,376,921,181.44	48,006,013,548.91	50.78%
BANK ONE SAVINGS AND TRUST CORP.	220,631,078.54	575,561,384.50	38.33%		223,997,011.35	575,561,384.50	38.92%
ASIA UNITED BANK CORPORATION	9,278,006,250.81	24,213,265,697.34	38.32%		10,031,822,209.41	24,331,987,761.55	41.23%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	259,432,187.16	681,047,909.21	38.09%		234,840,041.43	680,011,705.67	34.53%
BDO UNIBANK INC	82,361,772,589.44	222,129,864,926.92	37.08%		76,136,533,744.10	222,999,322,839.75	34.14%
HIYAS BANKING CORPORATION	64,378,638.71	181,272,201.82	35.51%		43,453,453.98	174,414,155.90	24.91%
PHIL STAR DEVELOPMENT BANK INC	35,546,067.15	101,975,258.53	34.86%		36,367,453.43	94,193,073.16	38.61%
FIRST CONSOLIDATED BANK INC (A PDB)	1,366,180,244.75	3,925,892,000.89	34.80%		1,412,687,398.85	3,977,305,800.36	35.52%
PAMPANGA DEVELOPMENT BANK	53,771,813.32	154,884,142.04	34.72%		58,804,073.65	155,826,308.90	37.74%
CHINA BANKING CORP	21,668,009,646.02	64,449,112,327.99	33.62%		22,654,461,082.61	59,196,817,840.27	38.27%
LAND BANK OF THE PHILIPPINES	25,936,446,320.74	78,898,242,798.67	32.87%		23,483,761,468.34	76,380,341,399.61	30.75%
1ST VALLEY BANK INC A DEVELOPMENT BANK	478,409,830.13	1,509,636,707.55	31.69%		573,486,311.25	1,578,449,331.56	36.33%
CARD SME BANK INC A THRIFT BANK	190,987,150.14	620,521,098.74	30.78%		147,334,015.38	603,735,496.45	24.40%
WEALTH DEVELOPMENT BANK CORPORATION	406,174,709.01	1,391,408,552.86	29.19%		416,522,000.87	450,764,257.74	92.40%
PHIL TRUST COMPANY	6,741,060,316.21	23,130,994,453.97	29.14%		6,887,190,709.66	21,870,665,739.27	31.49%
METROPOLITAN BANK & TCO	61,436,255,576.43	212,212,640,479.13	28.95%		57,636,985,792.23	193,503,073,725.35	29.79%
LIFE SAVINGS BANK INC	18,504,420.33	67,261,879.66	27.51%		19,905,065.65	67,061,879.66	29.68%
RIZAL COMM'L BANKING CORP	16,620,564,557.66	61,237,910,163.72	27.14%		15,419,591,509.84	60,934,061,092.34	25.31%
DEUTSCHE BANK AG	560,927,535.79	2,127,918,284.06	26.36%		1,069,574,585.24	2,144,753,150.08	49.87%
OPTIMUM DEVELOPMENT BANK INC	227,362,646.92	872,676,014.05	26.05%		290,579,440.45	872,676,014.05	33.30%
MEGA INT'L COMM'L BANK CO LTD	579,904,746.17	2,231,943,410.87	25.98%		1,051,808,747.82	2,105,844,697.67	49.95%
MALASIQUI PROGRESSIVE SLB, INC	14,739,957.93	59,092,503.42	24.94%		10,420,997.37	59,947,162.60	17.38%
HONGKONG & SHANGHAI BANKING CORP	3,476,624,597.15	13,976,676,208.74	24.87%		4,303,593,767.75	14,185,618,654.53	30.34%
ANZ BANKING GROUP LTD	1,118,232,629.80	4,502,641,749.66	24.84%		1,409,278,006.15	4,421,958,168.30	31.87%
BANK OF THE PHIL ISLANDS	39,032,361,017.73	158,859,660,704.92	24.57%		37,965,606,085.55	161,652,937,291.06	23.49%
ROBINSONS BANK CORPORATION	3,218,763,345.34	13,328,883,285.32	24.15%		2,673,535,928.04	13,274,165,117.42	20.14%
QUEZON COCONUT BANK INC (A THRIFT BANK)	13,243,555.47	58,896,033.08	22.49%		13,239,059.95	59,221,680.74	22.36%
FARMERS SAVINGS & LOAN BANK INC	25,902,674.63	129,294,538.69	20.03%		138,639,165.85	135,581,798.70	102.25%
PNB SAVINGS BANK	2,338,539,469.62	12,062,171,039.90	19.39%		1,453,340,073.64	11,680,844,277.56	12.44%
BUSINESS AND CONSUMERS BANK (A DB)	17,516,186.54	95,724,586.04	18.30%		19,625,958.65	97,578,376.44	20.11%
CTBC BANK (PHILIPPINES) CORP	1,338,228,290.83	7,571,131,213.35	17.68%		1,417,330,686.50	7,441,382,931.55	19.05%
ING BANK N.V.	442,500,094.03	2,606,771,914.09	16.98%		602,156,024.78	2,567,469,911.66	23.45%
SUN SAVINGS BANK INC	28,885,136.55	196,444,008.63	14.70%		24,099,990.97	158,182,089.41	15.24%
SECURITY BANK CORP	13,597,727,664.78	92,876,035,419.44	14.64%		13,600,179,349.19	93,222,924,135.67	14.59%
HSBC SAVINGS BANK(PHILS) INC	215,364,569.32	1,862,329,637.76	11.56%		226,543,414.62	1,940,149,361.55	11.68%
KEB HANA BANK - MANILA BRANCH	182,755,492.84	1,582,723,292.43	11.55%		203,102,758.62	1,582,187,086.00	12.84%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	40,580,697.68	354,263,955.59	11.45%		42,626,078.02	354,210,597.42	12.03%
LEMERY SAVINGS & LOAN BANK, INC.	8,134,521.83	81,920,093.91	9.93%		8,992,248.60	79,492,740.49	11.31%
CENTURY SAVINGS BANK CORPORATION	95,088,612.40	969,488,170.41	9.81%		98,591,498.93	969,488,170.41	10.17%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	174,287,566.49	2,181,032,346.27	7.99%		168,035,906.48	2,179,577,546.63	7.71%
JP MORGAN CHASE BANK NATIONAL ASSN.	96,310,874.42	1,406,989,114.78	6.85%		102,505,557.47	1,406,989,114.78	7.29%
MIZUHO BANK LTD - MANILA BRANCH	302,151,194.29	5,749,964,606.89	5.25%		296,573,545.89	3,071,984,357.75	9.65%
BANGKOK BANK PUBLIC CO LTD	124,474,567.07	3,464,889,177.00	3.59%		144,115,804.76	3,438,679,927.00	4.19%
BATAAN SAVINGS AND LOAN BANK	2,046,274.98	59,861,620.72	3.42%		2,184,511.93	60,558,902.93	3.61%
ISLA BANK(A THRIFT BANK) INC	20,165,338.56	666,976,418.68	3.02%		15,673,052.66	667,204,109.68	2.35%
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	120,244,555.91	4,967,420,166.75	2.42%		143,448,087.02	4,967,420,166.75	2.89%
MERCHANTS SAVINGS & LOAN ASSN INC	15,291,332.84	702,306,744.45	2.18%		33,016,766.76	619,174,473.51	5.33%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	34,251,488.85	2,137,548,971.18	1.60%		29,524,928.87	2,134,582,377.08	1.38%
SHINHAN BANK - MANILA BRANCH	31,233,161.68	2,205,330,996.00	1.42%		9,065,023.55	2,204,319,050.00	0.41%
BANK OF AMERICA N.A.	21,965,204.45	2,123,761,205.20	1.03%		25,424,152.25	2,123,761,205.20	1.20%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	10,751,218.35	2,119,950,000.00	0.51%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	51,755,204.23	13,084,187,806.49	0.40%		49,565,518.17	13,065,157,352.82	0.38%
BPI GLOBE BANKO INC A SAVINGS BANK					581,281,529.56	458,848,427.45	126.68%
MICROFINANCE MAXIMUM SB INC					36,227,802.36	44,821,096.62	80.83%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)					167,435,912.01	154,721,453.56	108.22%
PACIFIC ACE SAVINGS BANK INC					6,456,937.13	73,307,008.59	8.81%
TOWER DEVELOPMENT BANK					60,995,199.76	128,821,638.67	47.35%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH					7,655,902.47	2,406,778,051.65	0.32%
	626,287,162,161.68	1,529,842,565,877.60	40.94%		632,116,935,162.34	1,497,387,265,300.73	42.21%

Source: www.bsp.gov.ph

Disclaimer:

This list only serves as a screening guide.  It is not a definitive guide and must be taken in the context of other factors.  The figures are based on the individual banks' statement of condition as of September 30, 2016 and December 31, 2016 as published in the BSP website (www.bsp.gov.ph). For this analysis, no attempt was made to go through the audited financial statements of each bank. Readers are suggested to make their own investigations and verify the figures presented. Both BSP and PDIC have their own problem bank screening systems that are much more sophisticated in scope and design, given that they have more access to information over the banks they regulate.