The Top Distressed Philippine Banks as of December 31, 2017

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, 2017.  It updates a previous blog post: "The Top Distressed Philippine Banks as of September 30, 2017".

To see where your bank stands relative to these banks, please check the previous blog post: "Philippine Banks Deteriorate Slightly in the 4th Qtr. of 2017"

The list of Philippine Banks classified as distressed as of December 31, 2017 are as follows:

1.  Bank of China Limited - Manila Branch (Distressed Ratio of 523.65%)
2.  United Coconut Planters Bank (Distressed Ratio of 428.67%)
3.  Inter-Asia Development Bank (Distressed Ratio of 417.73%)
4.  Philippine Postal Savings Bank Inc (Distressed Ratio of 234.46%)
5.  Luzon Development Bank (Distressed Ratio of 205.77%)
6.  Malayan Bank Savings and Mortgage Bank Inc (Distressed Ratio of 167.21%)
7.  Philippine Resources Savings Banking Corporation (Distressed Ratio of 163.70%)
8.  Yuanta Savings Bank Philippines (Distressed Ratio of 153.33%)
9.  Enterprise Bank Inc (Distressed Ratio of 130.39%)
10.  Equicom Savings Bank (Distressed Ratio of 110.84%)
11.  Bataan Development Bank (Distressed Ratio of 107.89%)

 

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, 2017 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 Deteriorate Slightly in the 4th Qtr. of 2017

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 increased by Php 15.17 billion or 2.29% from September 30, 2017 to December 31, 2017.  This increase was offset by the increase of their Total Capital Cushion of Php 28.69 billion or 1.68% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks increased by a marginal 0.56%, from 38.84% as of September 30, 2017 to 39.06% as of December 31, 2017. On a year on year basis, the Distressed Asset Ratio has dropped 1.82 percentage points from 40.88% as of September 30, 2017 to just 39.06% as of December 31, 2017.

The list of Philippine Banks classified as distressed as of December 31, 2017 are as follows:

1.     Bank of China Limited - Manila Branch (Distressed Ratio of 523.65%)
2.     United Coconut Planters Bank (Distressed Ratio of 428.67%)
3.     Inter-Asia Development Bank (Distressed Ratio of 417.73%)
4.     Philippine Postal Savings Bank Inc (Distressed Ratio of 234.46%)
5.     Luzon Development Bank (Distressed Ratio of 205.77%)
6.     Malayan Bank Savings and Mortgage Bank Inc (Distressed Ratio of 167.21%)
7.     Philippine Resources Savings Banking Corporation (Distressed Ratio of 163.70%)
8.     Yuanta Savings Bank Philippines (Distressed Ratio of 153.33%)
9.     Enterprise Bank Inc (Distressed Ratio of 130.39%)
10.     Equicom Savings Bank (Distressed Ratio of 110.84%)
11.     Bataan Development Bank (Distressed Ratio of 107.89%)

As a group, the distressed banks showed a significant increase in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at 318.39% as of December 31, 2017, up from 248.86% as of September 30, 2017. 

Departures

1.  China Bank Savings Inc left the Distressed Banks list with a Distressed Ratio of 95.43% as of December 31, 2017 from a Distressed Ratio of 126.64% as of September 30, 2017.
2. Maximum Savings Bank left the Distressed Banks list with a Distressed Ratio of 34.48% as of December 31, 2017 from a Distressed Ratio of 105.70% as of September 30, 2017. The bank improved its capital base from a negative Php 31.57 million in capital cushion as of September 30, 2017 to a positive Php 110.51 million as of December 31, 2017, indicating a significant capital infusion that stabilized the bank.
3. Village Bank Inc was reclassified as a Rural Bank as of December 31, 2017. When it was still classified as a Thrift Bank, it had a Distressed Ratio of 276.06 as of September 30, 2017.

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, 2017 and December 31, 2017 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.

Overstated Capital of Philippine Banks as of December 31, 2017

On July 25, 2012, the Bangko Sentral ng Pilipinas (BSP) encouraged banks that continue to reflect unbooked losses or "deferred charges" on their balance sheets to charge those losses against retained earnings.  This implies that the BSP now considers that these banks have amassed so much in Stockholder's Equity (SE) and Retained Earnings (RE) that "they can now afford to absorb higher charges without impairing their capital and also without making their shareholders unhappy."

But can these banks do so? The answer is: yes but only for some banks.  As can be seen from the table below, six banks have Deferred Charges as of December 31, 2017:

1. Bataan Development Bank (Deferred Charges of 5.56% of SE)
2. City Savings Bank (Deferred Charges of 4.73% of SE)
3. Bank of Commerce (Deferred Charges of 0.25% of SE)
4. China Bank Savings Inc (Deferred Charges of 0.21% of SE)
5. Card SME Bank, Inc. (Deferred Charges of 0.15% of SE)
6. Wealth Development Bank Corporation (Deferred Charges of 0.06% of SE)

It must be noted that two of these banks were ranked as  distressed (highlighted in yellow) as of September 30, 2017:

1. China Bank Savings (Distressed Ratio of 126.64%)
2. Bataan Development Bank (Distressed Ratio of 107.33%)

For more information on distressed banks, please see the previous blog post: "The Top Distressed Philippine Banks as of September 30, 2017.



Retained Earnings

Only four banks have sufficient Retained Earnings (RE) to absorb their unbooked losses as of December 31, 2017:

1. Bataan Development Bank (28.55% of RE)
2. City Savings Bank (7.01% of RE)
3. Wealth Development Bank Corporation (5.58% of RE)
4. CARD SME Bank (3.48% of RE)

Two of the banks with  Deferred Charges have negative Retained Earnings.  As such, they do not have the capacity to absorb additional losses.

1. Bank of Commerce (Retained Earnings of - Php 259.10 million vs. Deferred Charges of Php 39.97 million).
2. China Bank Savings (Retained Earnings of - Php 1.36 billion vs. Deferred Charges of Php 18.91 million)

The Financial Strength of Philippine Banks according to BSP: From Weakest to Strongest - As of December 31, 2017

A bank's Capital Adequacy Ratio is a measure of a bank's capital and financial strength. BSP requires Philippine banks to measure their capital adequacy in at least three defined ratios:

1. Total Capital Adequacy Ratio
2. Tier One Capital Adequacy Ratio
3. Common Tier One Adequacy Ratio.

For a more detailed understanding of these ratios, you can consult BSP's own implementation guidelines, Investopedia.com, or numerous past posts about this subject.

The basic idea behind these ratios is that the higher the ratio, the more solid the bank is in financial strength, the greater it's ability to absorb losses.  BSP's own minimum for most of these ratios is 6.00 but it generally recommends a minimum of 10.00, especially for large and more systemically important banks (those that are Too Big To Fail or TBTF for short).


Every quarter, several Philippine Banks do not meet these guidelines. As of December 31, 2017, the banks that failed to meet BSP's recommended minimum capital requirements are as follows:


 TOTAL CAR:

1. Bataan Savings and Loan Bank (Total CAR of 0.00)
2. Metro Cebu Public Savings Bank (Total CAR of 0.00)
3. The Palawan Bank (Total CAR of 6.39)
4. Philippine Postal Savings Bank Inc (Total CAR of 6.63)
5. United Coconut Planters Bank (Total CAR of 7.63)

 

TIER ONE CAR

Nine banks reported Tier One CAR of 0.00 as of December 31, 2017.  Of those that did report Tier One CAR greater than 0.00, five have less than the BSP-recommended Tier One CARs of 10.00. These banks are:

1. Card SME Bank (Tier One CAR of 4.37)
2. The Palawan Bank (Tier One CAR of 5.49)
3. Philippine Postal Savings Bank Inc (Tier One CAR of 6.30)
4.  United Coconut Planters Bank (Tier One CAR of 7.63)
5. Sterling Bank of Asia Inc (Tier One CAR of 7.64)

 

COMMON EQUITY TIER ONE CAR

The BSP's reporting guidelines on the Common Equity Tier One CAR (CET1) only took effect as of January 1, 2014.  Banks only started reporting this ratio in their Published Statements of Condition for June 30, 2014.  Forty-nine banks reported their CET1 Ratio as 0.00 for December 31, 2017.

However, of those banks that did report a CET1 Ratio other than 0.00, only one bank reported CET1 Ratios below BSP's recommended ratio:

1. Philippine Veterans Bank (Common Equity Tier One CAR of 8.85)

The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of December 31, 2017 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):

 

 

 

Philippine Banking System
TOTAL CAR
December 31, 2017
Bank	Type of Bank	Total CAR
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	0.00
METRO CEBU PUBLIC SAVINGS BANK	Thrift Bank	0.00
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	6.39
PHIL POSTAL SAVINGS BANK INC	Thrift Bank	6.63
UNITED COCONUT PLANTERS BANK	U/KB	7.63
PHILIPPINE VETERANS BANK	U/KB	10.92
EQUICOM SAVINGS BANK INC	Thrift Bank	11.10
BANK OF THE PHIL ISLANDS	U/KB	11.39
CHINA BANK SAVINGS INC	Thrift Bank	11.43
LAND BANK OF THE  PHILIPPINES	U/KB	11.74
PHIL NATIONAL BANK	U/KB	12.03
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift Bank	12.05
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift Bank	12.47
LUZON DEVELOPMENT BANK	Thrift Bank	12.53
EAST WEST BANKING CORP	U/KB	13.45
UNION BANK OF THE PHILS	U/KB	13.50
METROPOLITAN BANK & TRUST CO	U/KB	13.51
UCPB SAVINGS BANK	Thrift Bank	13.65
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	U/KB	13.67
BDO UNIBANK INC	U/KB	13.83
PHIL SAVINGS BANK	Thrift Bank	13.84
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift Bank	13.92
RCBC SAVINGS BANK INC	Thrift Bank	14.03
BANK OF CHINA LIMITED	U/KB	14.15
PRODUCERS SAVINGS BANK CORPORATION	Thrift Bank	14.50
CHINA BANKING CORP	U/KB	14.78
MIZUHO BANK LTD - MANILA BRANCH	U/KB	14.78
DEVELOPMENT BANK OF THE PHIL	U/KB	14.98
MAXIMUM SAVINGS BANK	Thrift Bank	15.14
RIZAL COMM'L BANKING CORP	U/KB	15.33
ASIA UNITED BANK CORPORATION	U/KB	15.50
PHIL BANK OF COMMUNICATIONS	U/KB	15.85
DEUTSCHE BANK AG	U/KB	16.00
STANDARD CHARTERED BANK	U/KB	16.01
BPI FAMILY SAVINGS BANK INC	Thrift Bank	16.36
MAYBANK PHILIPPINES INC	U/KB	16.52
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift Bank	16.79
BANK OF COMMERCE	U/KB	17.12
SECURITY BANK CORP	U/KB	17.20
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift Bank	17.35
FARMERS SAVINGS & LOAN BANK INC	Thrift Bank	17.40
BANGKO KABAYAN INC	Thrift Bank	17.43
CITIBANK, N.A.	U/KB	17.71
CITYSTATE SAVINGS BANK INC	Thrift Bank	17.98
BATAAN DEVELOPMENT BANK	Thrift Bank	18.25
CITY SAVINGS BANK INC	Thrift Bank	18.38
CARD SME BANK INC A THRIFT BANK	Thrift Bank	18.60
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift Bank	19.36
CTBC BANK (PHILIPPINES) CORP	U/KB	19.40
BDO PRIVATE BANK, INC.	U/KB	19.50
KEB HANA BANK - MANILA BRANCH	U/KB	19.53
ROBINSONS BANK CORPORATION	U/KB	19.76
HONGKONG & SHANGHAI BANKING CORP	U/KB	20.01
INTER-ASIA DEVELOPMENT BANK	Thrift Bank	20.01
ANZ BANKING GROUP LTD	U/KB	20.18
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift Bank	20.57
HIYAS BANKING CORPORATION	Thrift Bank	20.97
MEGA INT'L COMM'L BANK CO LTD	U/KB	21.61
WEALTH DEVELOPMENT BANK CORPORATION	Thrift Bank	22.03
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift Bank	22.64
MARITIME SAVINGS BANK CORPORATION	Thrift Bank	22.65
PNB SAVINGS BANK	Thrift Bank	24.50
BUSINESS AND CONSUMERS BANK (A DB)	Thrift Bank	25.49
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	25.57
DUMAGUETE CITY DEV BANK INC	Thrift Bank	27.40
UNIVERSITY SAVINGS BANK INC	Thrift Bank	27.61
SUN SAVINGS BANK INC	Thrift Bank	28.52
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift Bank	29.24
LEGAZPI SAVINGS BANK INC	Thrift Bank	29.48
PACIFIC ACE SAVINGS BANK INC	Thrift Bank	31.19
HSBC SAVINGS BANK PHILIPPINES	Thrift Bank	31.59
LIFE SAVINGS BANK INC	Thrift Bank	31.94
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift Bank	32.66
BPI DIRECT BANKO INC	Thrift Bank	33.89
PAMPANGA DEVELOPMENT BANK	Thrift Bank	34.57
LEMERY SAVINGS & LOAN BANK, INC.	Thrift Bank	37.03
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	38.91
PHIL TRUST COMPANY	U/KB	39.02
CORDILLERA SAVINGS BANK INC	Thrift Bank	39.98
NORTHPOINT DEV'T BANK INC	Thrift Bank	40.63
BANK OF AMERICA N.A.	U/KB	41.58
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift Bank	43.24
BANGKOK BANK PUBLIC CO LTD	U/KB	49.81
PHIL STAR DEVELOPMENT BANK INC	Thrift Bank	53.08
ING BANK N.V.	U/KB	54.02
ALLBANK	Thrift Bank	54.62
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift Bank	54.76
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift Bank	57.82
BANK ONE SAVINGS AND TRUST CORP.	Thrift Bank	58.91
CENTURY SAVINGS BANK CORPORATION	Thrift Bank	74.79
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	76.95
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	82.69
SHINHAN BANK - MANILA BRANCH	U/KB	83.54
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	111.07
ISLA BANK(A THRIFT BANK) INC	Thrift Bank	120.10
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	128.56
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	172.88
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	353.22
FIRST COMMERCIAL BANK	U/KB	718.06
VILLAGE BANK INC (A THRIFT BANK)	Thrift Bank	NA

Philippine Banking System
Tier One CAR
December 31, 2017
Bank	Type of Bank	Tier One CAR
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift Bank	0.00
ALLBANK	Thrift Bank	0.00
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	0.00
BUSINESS AND CONSUMERS BANK (A DB)	Thrift Bank	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift Bank	0.00
EQUICOM SAVINGS BANK INC	Thrift Bank	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift Bank	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift Bank	0.00
METRO CEBU PUBLIC SAVINGS BANK	Thrift Bank	0.00
CARD SME BANK INC A THRIFT BANK	Thrift Bank	4.37
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	5.49
PHIL POSTAL SAVINGS BANK INC	Thrift Bank	6.30
UNITED COCONUT PLANTERS BANK	U/KB	7.63
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift Bank	7.64
PHILIPPINE VETERANS BANK	U/KB	10.30
CHINA BANK SAVINGS INC	Thrift Bank	10.46
BANK OF THE PHIL ISLANDS	U/KB	10.48
METROPOLITAN BANK & TRUST CO	U/KB	10.83
UNION BANK OF THE PHILS	U/KB	10.85
LAND BANK OF THE  PHILIPPINES	U/KB	10.90
EAST WEST BANKING CORP	U/KB	11.02
PHIL SAVINGS BANK	Thrift Bank	11.06
DEVELOPMENT BANK OF THE PHIL	U/KB	11.07
PHIL NATIONAL BANK	U/KB	11.25
LUZON DEVELOPMENT BANK	Thrift Bank	11.67
RIZAL COMM'L BANKING CORP	U/KB	11.75
ASIA UNITED BANK CORPORATION	U/KB	11.97
BDO UNIBANK INC	U/KB	12.44
UCPB SAVINGS BANK	Thrift Bank	12.83
PHIL BANK OF COMMUNICATIONS	U/KB	12.88
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	U/KB	12.88
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift Bank	13.02
RCBC SAVINGS BANK INC	Thrift Bank	13.25
MAYBANK PHILIPPINES INC	U/KB	13.37
BANK OF CHINA LIMITED	U/KB	13.58
UNIVERSITY SAVINGS BANK INC	Thrift Bank	13.80
MIZUHO BANK LTD - MANILA BRANCH	U/KB	13.82
PRODUCERS SAVINGS BANK CORPORATION	Thrift Bank	13.92
CHINA BANKING CORP	U/KB	14.02
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift Bank	14.66
SECURITY BANK CORP	U/KB	14.99
MAXIMUM SAVINGS BANK	Thrift Bank	15.13
DEUTSCHE BANK AG	U/KB	15.43
BPI FAMILY SAVINGS BANK INC	Thrift Bank	15.51
STANDARD CHARTERED BANK	U/KB	15.61
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift Bank	16.29
BANK OF COMMERCE	U/KB	16.39
BANGKO KABAYAN INC	Thrift Bank	16.86
CITIBANK, N.A.	U/KB	16.94
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift Bank	17.35
FARMERS SAVINGS & LOAN BANK INC	Thrift Bank	17.40
CITYSTATE SAVINGS BANK INC	Thrift Bank	17.43
CITY SAVINGS BANK INC	Thrift Bank	17.66
CTBC BANK (PHILIPPINES) CORP	U/KB	18.53
ROBINSONS BANK CORPORATION	U/KB	18.88
KEB HANA BANK - MANILA BRANCH	U/KB	19.01
BDO PRIVATE BANK, INC.	U/KB	19.25
BATAAN DEVELOPMENT BANK	Thrift Bank	19.27
HONGKONG & SHANGHAI BANKING CORP	U/KB	19.36
ANZ BANKING GROUP LTD	U/KB	19.54
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift Bank	19.80
HIYAS BANKING CORPORATION	Thrift Bank	20.63
MEGA INT'L COMM'L BANK CO LTD	U/KB	20.67
WEALTH DEVELOPMENT BANK CORPORATION	Thrift Bank	21.08
PNB SAVINGS BANK	Thrift Bank	23.81
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	25.41
DUMAGUETE CITY DEV BANK INC	Thrift Bank	26.91
SUN SAVINGS BANK INC	Thrift Bank	27.58
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift Bank	28.49
LEGAZPI SAVINGS BANK INC	Thrift Bank	28.75
HSBC SAVINGS BANK PHILIPPINES	Thrift Bank	30.89
LIFE SAVINGS BANK INC	Thrift Bank	31.71
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift Bank	32.15
BPI DIRECT BANKO INC	Thrift Bank	33.14
LEMERY SAVINGS & LOAN BANK, INC.	Thrift Bank	36.62
PHIL TRUST COMPANY	U/KB	38.67
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	38.91
CORDILLERA SAVINGS BANK INC	Thrift Bank	39.46
NORTHPOINT DEV'T BANK INC	Thrift Bank	40.24
BANK OF AMERICA N.A.	U/KB	41.09
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift Bank	42.56
BANGKOK BANK PUBLIC CO LTD	U/KB	48.83
PHIL STAR DEVELOPMENT BANK INC	Thrift Bank	53.00
ING BANK N.V.	U/KB	53.66
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift Bank	54.76
BANK ONE SAVINGS AND TRUST CORP.	Thrift Bank	58.30
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift Bank	58.96
CENTURY SAVINGS BANK CORPORATION	Thrift Bank	73.61
PACIFIC ACE SAVINGS BANK INC	Thrift Bank	74.53
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	76.58
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	81.92
SHINHAN BANK - MANILA BRANCH	U/KB	83.06
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	110.30
ISLA BANK(A THRIFT BANK) INC	Thrift Bank	119.68
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	127.81
PAMPANGA DEVELOPMENT BANK	Thrift Bank	149.76
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	171.91
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	353.22
FIRST COMMERCIAL BANK	U/KB	717.20
VILLAGE BANK INC (A THRIFT BANK)	Thrift Bank	NA

Philippine Banking System
Common Tier 1 Ratio
December 31, 2017
Bank	Type of Bank	Common Tier 1 Ratio
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift Bank	0.00
ALLBANK	Thrift Bank	0.00
BANGKO KABAYAN INC	Thrift Bank	0.00
BANK OF AMERICA N.A.	U/KB	0.00
BANK OF CHINA LIMITED	U/KB	0.00
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift Bank	0.00
BANK ONE SAVINGS AND TRUST CORP.	Thrift Bank	0.00
BATAAN DEVELOPMENT BANK	Thrift Bank	0.00
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	0.00
BUSINESS AND CONSUMERS BANK (A DB)	Thrift Bank	0.00
CARD SME BANK INC A THRIFT BANK	Thrift Bank	0.00
CENTURY SAVINGS BANK CORPORATION	Thrift Bank	0.00
CITYSTATE SAVINGS BANK INC	Thrift Bank	0.00
CORDILLERA SAVINGS BANK INC	Thrift Bank	0.00
DUMAGUETE CITY DEV BANK INC	Thrift Bank	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift Bank	0.00
EQUICOM SAVINGS BANK INC	Thrift Bank	0.00
FARMERS SAVINGS & LOAN BANK INC	Thrift Bank	0.00
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift Bank	0.00
HIYAS BANKING CORPORATION	Thrift Bank	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift Bank	0.00
ISLA BANK(A THRIFT BANK) INC	Thrift Bank	0.00
LEMERY SAVINGS & LOAN BANK, INC.	Thrift Bank	0.00
LIFE SAVINGS BANK INC	Thrift Bank	0.00
LUZON DEVELOPMENT BANK	Thrift Bank	0.00
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	0.00
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift Bank	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift Bank	0.00
MAXIMUM SAVINGS BANK	Thrift Bank	0.00
METRO CEBU PUBLIC SAVINGS BANK	Thrift Bank	0.00
NORTHPOINT DEV'T BANK INC	Thrift Bank	0.00
PACIFIC ACE SAVINGS BANK INC	Thrift Bank	0.00
PAMPANGA DEVELOPMENT BANK	Thrift Bank	0.00
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift Bank	0.00
PHIL POSTAL SAVINGS BANK INC	Thrift Bank	0.00
PHIL STAR DEVELOPMENT BANK INC	Thrift Bank	0.00
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift Bank	0.00
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift Bank	0.00
PRODUCERS SAVINGS BANK CORPORATION	Thrift Bank	0.00
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift Bank	0.00
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift Bank	0.00
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift Bank	0.00
SUN SAVINGS BANK INC	Thrift Bank	0.00
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	0.00
UNITED COCONUT PLANTERS BANK	U/KB	0.00
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	0.00
UNIVERSITY SAVINGS BANK INC	Thrift Bank	0.00
WEALTH DEVELOPMENT BANK CORPORATION	Thrift Bank	0.00
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift Bank	0.00
PHILIPPINE VETERANS BANK	U/KB	8.85
CHINA BANK SAVINGS INC	Thrift Bank	10.46
BANK OF THE PHIL ISLANDS	U/KB	10.48
ASIA UNITED BANK CORPORATION	U/KB	10.77
METROPOLITAN BANK & TRUST CO	U/KB	10.83
UNION BANK OF THE PHILS	U/KB	10.85
LAND BANK OF THE  PHILIPPINES	U/KB	10.90
EAST WEST BANKING CORP	U/KB	11.02
PHIL SAVINGS BANK	Thrift Bank	11.06
DEVELOPMENT BANK OF THE PHIL	U/KB	11.07
PHIL NATIONAL BANK	U/KB	11.25
RIZAL COMM'L BANKING CORP	U/KB	11.75
BDO UNIBANK INC	U/KB	12.17
UCPB SAVINGS BANK	Thrift Bank	12.83
THE BNK OF TOKYO-MITSUBISHI UFJ LTD	U/KB	12.88
PHIL BANK OF COMMUNICATIONS	U/KB	13.07
RCBC SAVINGS BANK INC	Thrift Bank	13.25
MAYBANK PHILIPPINES INC	U/KB	13.37
MIZUHO BANK LTD - MANILA BRANCH	U/KB	13.82
CHINA BANKING CORP	U/KB	14.02
SECURITY BANK CORP	U/KB	14.99
DEUTSCHE BANK AG	U/KB	15.43
BPI FAMILY SAVINGS BANK INC	Thrift Bank	15.51
STANDARD CHARTERED BANK	U/KB	15.61
BANK OF COMMERCE	U/KB	16.39
CITIBANK, N.A.	U/KB	16.94
CITY SAVINGS BANK INC	Thrift Bank	17.66
CTBC BANK (PHILIPPINES) CORP	U/KB	18.53
ROBINSONS BANK CORPORATION	U/KB	18.88
KEB HANA BANK - MANILA BRANCH	U/KB	19.01
BDO PRIVATE BANK, INC.	U/KB	19.25
HONGKONG & SHANGHAI BANKING CORP	U/KB	19.36
ANZ BANKING GROUP LTD	U/KB	19.54
MEGA INT'L COMM'L BANK CO LTD	U/KB	20.67
PNB SAVINGS BANK	Thrift Bank	23.80
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	25.41
LEGAZPI SAVINGS BANK INC	Thrift Bank	28.75
HSBC SAVINGS BANK PHILIPPINES	Thrift Bank	30.89
BPI DIRECT BANKO INC	Thrift Bank	33.14
PHIL TRUST COMPANY	U/KB	38.67
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift Bank	42.56
BANGKOK BANK PUBLIC CO LTD	U/KB	48.83
ING BANK N.V.	U/KB	53.66
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	76.58
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	81.92
SHINHAN BANK - MANILA BRANCH	U/KB	83.06
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	110.30
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	171.91
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	353.22
FIRST COMMERCIAL BANK	U/KB	717.20
VILLAGE BANK INC (A THRIFT BANK)	Thrift Bank	NA

Source: www.bsp.gov.ph