Search This Blog

Monday, January 28, 2019

Philippine Banks Improve Slightly in the 3rd Quarter of 2018



Editor's Note: This post has been updated to reflect new information on the BSP website. The number of non-reporting banks has decreased from 21 banks as of January 2, 2019 to just 9 banks as of January 16, 2019.

Editor's Note: According to the BSP website, www.bsp.gov.ph, a record 9 banks do not have Published Statements of Condition for the quarter ended on September 30, 2018. This comprises over 9% of the 100 Philippine Universal and Commercial Banks (U/KBs) and Thrift Banks tracked by this blog. A google search reveals that these non-reporting banks are still operating and there has been no adverse news about them. So why have they gone dark?


The number of non-reporting banks has gone up substantially in 2018. As of March 31, 2018, only two banks failed to have their Published Statements of Condition available at the BSP website. On June 30, 2018, that number went up to six. And now that number is now 9 as of September 30, 2018.


Have these banks opted-out from the required financial disclosures? It's not clear if they have done so. Apparently, banks can opt-out of mandatory public disclosure.

 "Banks that do not want their statement of condition published must get approval from at least five members of the seven-man Monetary Board.2 The regulators themselves may also decide to exclude certain kinds of banks from mandatory public disclosure."

Let's hope that this is a mere glitch in the BSP website. Perhaps, their financial disclosures were improperly uploaded in the BSP website. Otherwise, the depositors have no means of evaluating the health of their bank other than what is disclosed in the individual bank's website or what is available in back-dated issues of obscure newspapers.
 
Not all of these banks are small banks, some of them are UKBs that are fairly substantial in size. Here's the list:




Philippine Banking System
Banks with No Published Statement of Condition
September 30, 2018






Bank Type of Bank Published Statement of Condition
ANZ BANKING GROUP LTD U/KB NA
BANGKOK BANK PUBLIC CO LTD U/KB NA
BATAAN SAVINGS AND LOAN BANK Thrift Bank NA
LUZON DEVELOPMENT BANK Thrift Bank NA
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank NA
MAXIMUM SAVINGS BANK Thrift Bank NA
PHILIPPINE VETERANS BANK U/KB NA
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB NA

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 9.42 billion or 1.33% from June 30, 2018 to September 30, 2018.  This increase was enhanced by the increase of their Total Capital Cushion of Php 38.68 billion or 1.99% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by 1.02%, from 36.45% as of June 30, 2018 to 35.43%. On a year on year basis, the Distressed Asset Ratio has decreased 3.41 percentage points from 38.84% as of September 30, 2017 to just 35.43% as of September 30, 2018.





The list of Philippine Banks classified as distressed as of September 30, 2018 are as follows:



 
The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
September 30, 2018
In Php









September 30, 2018
Bank Total Distressed Assets (In PhP) Total Capital Cushion (In PhP) Distressed Assets/ Total Capital Cushion (In %)
INTER-ASIA DEVELOPMENT BANK  313,835,934.30 84,618,795.20 370.88%
UNITED COCONUT PLANTERS BANK  24,914,894,323.01 7,719,497,581.62 322.75%
OVERSEAS FILIPINO BANK INC A SAVINGS BANK OF LANDBANK 4,385,019,875.96 1,501,659,354.64 292.01%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT  1,160,451,343.08 490,008,811.74 236.82%
YUANTA SAVINGS BANK PHILIPPINES INC  1,803,341,416.96 1,039,987,637.89 173.40%
MALAYAN BANK SAVINGS AND MORT BANK INC  2,592,493,569.81 1,536,771,889.86 168.70%
ENTERPRISE BANK INC (A THRIFT BANK)  626,064,889.16 403,450,165.03 155.18%
RCBC SAVINGS BANK INC  19,739,333,362.01 14,804,232,119.71 133.34%
EQUICOM SAVINGS BANK INC  1,168,404,097.95 950,735,450.51 122.89%
BANK OF CHINA LIMITED-MANILA BRANCH  11,732,169,883.40 10,155,782,971.07 115.52%
CHINA BANK SAVINGS INC  12,522,770,673.05 11,473,666,405.29 109.14%
PHILIPPINE RESOURCES SAVINGS BANKING  3,071,713,182.72 2,971,932,224.64 103.36%
Grand Total 84,030,492,551.41 53,132,343,407.20 158.15%

 


As a group, the distressed banks showed an increase in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  158.15% as of September 30, 2018, up from 152.12% as of June 30, 2018.

 Arrivals



  1.  Overseas Filipino Bank Inc entered the Distressed Banks list with a Distressed Asset Ratio of 292.01% as of September 30, 2018. In June 30, 2018, it had no Published Statement of Condition in the www.bsp.gov.ph website.
 Departures

  1.  Bataan Development Bank left the Distressed Banks list with a Distressed Asset Ratio of 99.48% as of September 30, 2018, down from 100.62% as of June 30, 2018.
  2. Philippine Business Bank Inc left the Distressed Banks list with a Distressed Asset Ratio of 37.26% as of September 30, 2018, down from 128.52% as of June 30, 2018.











 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 June 30, 2018 and September 30, 2018 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.

Sunday, January 13, 2019

Overstated Capital of Philippine Banks as of September 30, 2018

Editor's Note: This post has been updated to reflect new information on the BSP website. The number of non-reporting banks has decreased from 21 banks as of January 2, 2019 to just 9 banks as of January 16, 2019.


Editor's Note: According to the BSP website, www.bsp.gov.ph, a record 9 banks do not have Published Statements of Condition for the quarter ended on September 30, 2018. This comprises over 9% of the 100 Philippine Universal and Commercial Banks (U/KBs) and Thrift Banks tracked by this blog. A google search reveals that these non-reporting banks are still operating and there has been no adverse news about them. So why have they gone dark?
 
The number of non-reporting banks has gone up substantially in 2018. As of March 31, 2018, only two banks failed to have their Published Statements of Condition available at the BSP website. On June 30, 2018, that number went up to six. And now that number is now 9 as of September 30, 2018.
 
Have these banks opted-out from the required financial disclosures? It's not clear if they have done so. Apparently, banks can opt-out of mandatory public disclosure.
"Banks that do not want their statement of condition published must get approval from at least five members of the seven-man Monetary Board.2 The regulators themselves may also decide to exclude certain kinds of banks from mandatory public disclosure."

Not all of these banks are small banks, some of them are UKBs that are fairly substantial in size. Here's the list:



Let's hope that this is a mere glitch in the BSP website. Perhaps, their financial disclosures were improperly uploaded in the BSP website. Otherwise, the depositors have no means of evaluating the health of their bank other than what is disclosed in the individual bank's website or what is available in back-dated issues of obscure newspapers.



Philippine Banking System
Banks with No Published Statement of Condition
September 30, 2018






Bank Type of Bank Published Statement of Condition
ANZ BANKING GROUP LTD U/KB NA
BANGKOK BANK PUBLIC CO LTD U/KB NA
BATAAN SAVINGS AND LOAN BANK Thrift Bank NA
LUZON DEVELOPMENT BANK Thrift Bank NA
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank NA
MAXIMUM SAVINGS BANK Thrift Bank NA
PHILIPPINE VETERANS BANK U/KB NA
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB NA


Overstated Capital

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, five banks have Deferred Charges as of September 30, 2018:

  1. City Savings Bank (Deferred Charges 4.58% of SE)
  2. Bataan Development Bank (Deferred Charges of 0.53% of SE)
  3.  Wealth Development Bank Corporation (Deferred Charges of 0.06% of SE)
  4. Bank of Commerce (Deferred Charges of 0.02% of SE)
  5. Card SME Bank, Inc. (Deferred Charges of 0.00% of SE)



Retained Earnings

Only four banks have sufficient Retained Earnings (RE) to absorb their unbooked losses as of September 30, 2018:




  1. City Savings Bank (5.59% of RE)
  2. Bataan Development Bank (2.26% of RE)
  3. Wealth Development Bank Corporation (1.09% of RE)
  4. CARD SME Bank (0.03% of RE)

One of the banks with  Deferred Charges has negative Retained Earnings.  As such, it does not have the capacity to absorb additional losses.



  1. Bank of Commerce (Retained Earnings of - Php 421.0 million vs. Deferred Charges of Php 3.34 million)








Wednesday, January 2, 2019

The Financial Strength of Philippine Banks according to BSP: From Weakest to Strongest - As of September 30, 2018

Editor's Note: This post has been updated to reflect new information on the BSP website. The number of non-reporting banks has decreased from 21 banks as of January 2, 2019 to just 9 banks as of January 16, 2019.

Editor's Note: According to the BSP website, www.bsp.gov.ph, a record 9 banks do not have Published Statements of Condition for the quarter ended on September 30, 2018. This comprises 9% of the 100 Philippine Universal and Commercial Banks (U/KBs) and Thrift Banks tracked by this blog. A google search reveals that these non-reporting banks are still operating and there has been no adverse news about them. So why have they gone dark?

The number of non-reporting banks has gone up substantially in 2018. As of March 31, 2018, only two banks failed to have their Published Statements of Condition available at the BSP website. On June 30, 2018, that number went up to six. And now that number is now 9 as of September 30, 2018.

Have these banks opted-out from the required financial disclosures? It's not clear if they have done so. Apparently, banks can opt-out of mandatory public disclosure.
"Banks that do not want their statement of condition published must get approval from at least five members of the seven-man Monetary Board.2 The regulators themselves may also decide to exclude certain kinds of banks from mandatory public disclosure."

Not all of these banks are small banks, some of them are UKBs that are fairly substantial in size. Here's the list:

 
Philippine Banking System
Banks with No Published Statement of Condition
September 30, 2018






Bank Type of Bank Published Statement of Condition
ANZ BANKING GROUP LTD U/KB NA
BANGKOK BANK PUBLIC CO LTD U/KB NA
BATAAN SAVINGS AND LOAN BANK Thrift Bank NA
LUZON DEVELOPMENT BANK Thrift Bank NA
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank NA
MAXIMUM SAVINGS BANK Thrift Bank NA
PHILIPPINE VETERANS BANK U/KB NA
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB NA



Let's hope that this is a mere glitch in the BSP website. Perhaps, their financial disclosures were improperly uploaded in the BSP website. Otherwise, the depositors have no means of evaluating the health of their bank other than what is disclosed in the individual bank's website or what is available in back-dated issues of obscure newspapers.



Capital Adequacy Ratios:

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).

In the aggregate, Philippine Universal and Commercial Banks are well capitalized. As of September 30, 2018, Total CAR is 15.75%, within the range of 15% to 20% of the last 31 years.



Every quarter, several Philippine Banks do not meet these guidelines. As of September 30, 2018, the banks that failed to meet BSP's recommended minimum capital requirements are as follows:


 TOTAL CAR:  


  1. United Coconut Planters Bank (Total CAR of 7.29)


TIER ONE CAR



Three banks reported Tier One CAR of 0.00 as of September 30, 2018. Of those that did report Tier One CAR greater than 0.00, four banks have less than the BSP-recommended Tier One CARs of 10.00. These banks are:


  1. Sterling Bank of Asia (Tier One CAR of 7.15)
  2. United Coconut Planters Bank (Tier One CAR of 7.29)
  3. Enterprise Bank Inc (Tier One CAR of 8.47)
  4. City Savings Bank (Tier One CAR of 9.20)

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.  Thirty-nine banks reported their CET1 Ratio as 0.00 for September 30, 2018.


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. City Savings Bank (Common Equity Tier One CAR of 9.20)


The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of September  30, 2018 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):
Philippine Banking System
TOTAL CAR
September 30, 2018









Bank Type of Bank Total CAR
UNITED COCONUT PLANTERS BANK U/KB 7.29
CITY SAVINGS BANK INC Thrift Bank 10.00
EQUICOM SAVINGS BANK INC Thrift Bank 10.80
ENTERPRISE BANK INC (A THRIFT BANK) Thrift Bank 11.05
STERLING BANK OF ASIA INC (A SAVINGS BANK) Thrift Bank 11.45
CHINA BANK SAVINGS INC Thrift Bank 11.58
LAND BANK OF THE  PHILIPPINES U/KB 11.76
PHIL NATIONAL BANK U/KB 11.84
MUFG BANK INC U/KB 11.88
OVERSEAS FILIPINO BANK Thrift Bank 12.55
MIZUHO BANK LTD - MANILA BRANCH U/KB 12.91
CHINA BANKING CORP U/KB 13.03
PRODUCERS SAVINGS BANK CORPORATION Thrift Bank 13.08
EAST WEST BANKING CORP U/KB 13.13
RCBC SAVINGS BANK INC Thrift Bank 13.19
BDO UNIBANK INC U/KB 13.45
PHIL SAVINGS BANK Thrift Bank 13.79
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK Thrift Bank 13.92
CITIBANK, N.A. U/KB 14.15
UCPB SAVINGS BANK Thrift Bank 14.16
MAYBANK PHILIPPINES INC U/KB 14.29
ASIA UNITED BANK CORPORATION U/KB 14.44
DEVELOPMENT BANK OF THE PHIL U/KB 14.51
PHIL BANK OF COMMUNICATIONS U/KB 14.54
METRO CEBU PUBLIC SAVINGS BANK Thrift Bank 14.58
FARMERS SAVINGS & LOAN BANK INC Thrift Bank 15.41
DEUTSCHE BANK AG U/KB 15.53
BANK OF THE PHIL ISLANDS U/KB 16.07
MALAYAN BANK SAVINGS AND MORT BANK INC Thrift Bank 16.22
ROBINSONS BANK CORPORATION U/KB 16.34
BANK OF COMMERCE U/KB 16.35
UNION BANK OF THE PHILS U/KB 16.38
CTBC BANK (PHILIPPINES) CORP U/KB 16.55
STANDARD CHARTERED BANK U/KB 16.66
BDO PRIVATE BANK, INC. U/KB 17.03
METROPOLITAN BANK & TRUST CO U/KB 17.18
HONGKONG & SHANGHAI BANKING CORP U/KB 17.54
RIZAL COMM'L BANKING CORP U/KB 17.62
CITYSTATE SAVINGS BANK INC Thrift Bank 17.64
BPI FAMILY SAVINGS BANK INC Thrift Bank 17.75
BANGKO KABAYAN INC Thrift Bank 17.83
SECURITY BANK CORP U/KB 17.84
CARD SME BANK INC A THRIFT BANK Thrift Bank 18.42
1st VALLEY BANK INC A DEVELOPMENT BANK Thrift Bank 19.09
BATAAN DEVELOPMENT BANK Thrift Bank 19.85
WEALTH DEVELOPMENT BANK CORPORATION Thrift Bank 20.12
MEGA INT'L COMM'L BANK CO LTD U/KB 20.74
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) Thrift Bank 20.90
BANK OF MAKATI (A SAVINGS BANK) INC Thrift Bank 21.04
PNB SAVINGS BANK Thrift Bank 21.24
BPI DIRECT BANKO INC Thrift Bank 21.31
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS Thrift Bank 21.72
HIYAS BANKING CORPORATION Thrift Bank 21.91
INTER-ASIA DEVELOPMENT BANK Thrift Bank 23.15
SUN SAVINGS BANK INC Thrift Bank 23.85
BANK ONE SAVINGS AND TRUST CORP. Thrift Bank 25.04
BUSINESS AND CONSUMERS BANK (A DB) Thrift Bank 25.26
KEB HANA BANK - MANILA BRANCH U/KB 26.01
UNIVERSITY SAVINGS BANK INC Thrift Bank 26.89
DUMAGUETE CITY DEV BANK INC Thrift Bank 26.93
MARITIME SAVINGS BANK CORPORATION Thrift Bank 27.65
JP MORGAN CHASE BANK NATIONAL ASSN. U/KB 28.86
HSBC SAVINGS BANK PHILIPPINES Thrift Bank 30.23
FIRST CONSOLIDATED BANK INC (A PDB) Thrift Bank 30.91
LEGAZPI SAVINGS BANK INC Thrift Bank 30.99
PHIL TRUST COMPANY U/KB 32.64
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK Thrift Bank 33.28
LIFE SAVINGS BANK INC Thrift Bank 33.30
LEMERY SAVINGS & LOAN BANK, INC. Thrift Bank 35.95
CORDILLERA SAVINGS BANK INC Thrift Bank 36.71
MERCHANTS SAVINGS & LOAN ASSN INC Thrift Bank 36.85
NORTHPOINT DEV'T BANK INC Thrift Bank 39.59
PAMPANGA DEVELOPMENT BANK Thrift Bank 44.13
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS U/KB 45.43
BANK OF AMERICA N.A. U/KB 46.18
YUANTA SAVINGS BANK PHILIPPINES INC Thrift Bank 47.54
PACIFIC ACE SAVINGS BANK INC Thrift Bank 49.03
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH U/KB 49.23
ALLBANK Thrift Bank 51.83
ING BANK N.V. U/KB 55.11
BANK OF CHINA LIMITED U/KB 56.30
PHIL STAR DEVELOPMENT BANK INC Thrift Bank 60.23
QUEZON COCONUT BANK INC (A THRIFT BANK) Thrift Bank 68.82
INDUSTRIAL BANK OF KOREA MANILA BRANCH U/KB 71.00
CENTURY SAVINGS BANK CORPORATION Thrift Bank 79.20
SHINHAN BANK - MANILA BRANCH U/KB 93.87
ISLA BANK(A THRIFT BANK) INC Thrift Bank 116.02
CATHAY UNITED BANK CO LTD - MANILA BRANCH U/KB 162.36
FIRST COMMERCIAL BANK U/KB 206.18
CHANG HWA COMMERCIAL BANK LTD – MANILA BRANCH U/KB 379.04
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH U/KB 1355.04
ANZ BANKING GROUP LTD U/KB NA
BANGKOK BANK PUBLIC CO LTD U/KB NA
BATAAN SAVINGS AND LOAN BANK Thrift Bank NA
LUZON DEVELOPMENT BANK Thrift Bank NA
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank NA
MAXIMUM SAVINGS BANK Thrift Bank NA
PHILIPPINE VETERANS BANK U/KB NA
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB NA















Philippine Banking System
Tier One CAR
September 30, 2018









Bank Type of Bank Tier One CAR
ALLBANK Thrift Bank 0.00
INTER-ASIA DEVELOPMENT BANK Thrift Bank 0.00
MARITIME SAVINGS BANK CORPORATION Thrift Bank 0.00
STERLING BANK OF ASIA INC (A SAVINGS BANK) Thrift Bank 7.15
UNITED COCONUT PLANTERS BANK U/KB 7.29
ENTERPRISE BANK INC (A THRIFT BANK) Thrift Bank 8.47
CITY SAVINGS BANK INC Thrift Bank 9.20
EQUICOM SAVINGS BANK INC Thrift Bank 10.15
EAST WEST BANKING CORP U/KB 10.44
CHINA BANK SAVINGS INC Thrift Bank 10.64
LAND BANK OF THE  PHILIPPINES U/KB 10.93
DEVELOPMENT BANK OF THE PHIL U/KB 10.96
PHIL NATIONAL BANK U/KB 11.08
PHIL SAVINGS BANK Thrift Bank 11.09
MAYBANK PHILIPPINES INC U/KB 11.15
ASIA UNITED BANK CORPORATION U/KB 11.18
MUFG BANK INC U/KB 11.21
PHIL BANK OF COMMUNICATIONS U/KB 11.78
MIZUHO BANK LTD - MANILA BRANCH U/KB 11.97
BDO UNIBANK INC U/KB 12.02
OVERSEAS FILIPINO BANK Thrift Bank 12.27
CHINA BANKING CORP U/KB 12.31
RCBC SAVINGS BANK INC Thrift Bank 12.48
PRODUCERS SAVINGS BANK CORPORATION Thrift Bank 12.58
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK Thrift Bank 12.99
CITIBANK, N.A. U/KB 13.36
UCPB SAVINGS BANK Thrift Bank 13.37
UNIVERSITY SAVINGS BANK INC Thrift Bank 13.44
UNION BANK OF THE PHILS U/KB 13.78
RIZAL COMM'L BANKING CORP U/KB 14.24
METROPOLITAN BANK & TRUST CO U/KB 14.46
METRO CEBU PUBLIC SAVINGS BANK Thrift Bank 14.55
DEUTSCHE BANK AG U/KB 14.72
BANK OF THE PHIL ISLANDS U/KB 15.15
FARMERS SAVINGS & LOAN BANK INC Thrift Bank 15.41
ROBINSONS BANK CORPORATION U/KB 15.50
SECURITY BANK CORP U/KB 15.58
BANK OF COMMERCE U/KB 15.63
CTBC BANK (PHILIPPINES) CORP U/KB 15.65
MALAYAN BANK SAVINGS AND MORT BANK INC Thrift Bank 15.70
STANDARD CHARTERED BANK U/KB 16.19
BDO PRIVATE BANK, INC. U/KB 16.87
BPI FAMILY SAVINGS BANK INC Thrift Bank 16.89
HONGKONG & SHANGHAI BANKING CORP U/KB 16.92
CITYSTATE SAVINGS BANK INC Thrift Bank 17.20
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS Thrift Bank 17.38
BANGKO KABAYAN INC Thrift Bank 17.55
CARD SME BANK INC A THRIFT BANK Thrift Bank 17.67
1st VALLEY BANK INC A DEVELOPMENT BANK Thrift Bank 18.74
WEALTH DEVELOPMENT BANK CORPORATION Thrift Bank 19.28
BATAAN DEVELOPMENT BANK Thrift Bank 19.40
MEGA INT'L COMM'L BANK CO LTD U/KB 19.79
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) Thrift Bank 20.12
BPI DIRECT BANKO INC Thrift Bank 20.44
PNB SAVINGS BANK Thrift Bank 20.87
BANK OF MAKATI (A SAVINGS BANK) INC Thrift Bank 21.04
BANK ONE SAVINGS AND TRUST CORP. Thrift Bank 21.04
HIYAS BANKING CORPORATION Thrift Bank 21.56
SUN SAVINGS BANK INC Thrift Bank 22.97
BUSINESS AND CONSUMERS BANK (A DB) Thrift Bank 24.86
KEB HANA BANK - MANILA BRANCH U/KB 26.01
DUMAGUETE CITY DEV BANK INC Thrift Bank 26.46
JP MORGAN CHASE BANK NATIONAL ASSN. U/KB 28.73
HSBC SAVINGS BANK PHILIPPINES Thrift Bank 29.51
FIRST CONSOLIDATED BANK INC (A PDB) Thrift Bank 30.03
LEGAZPI SAVINGS BANK INC Thrift Bank 30.23
PHIL TRUST COMPANY U/KB 32.29
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK Thrift Bank 32.58
LIFE SAVINGS BANK INC Thrift Bank 33.06
LEMERY SAVINGS & LOAN BANK, INC. Thrift Bank 34.53
CORDILLERA SAVINGS BANK INC Thrift Bank 36.20
MERCHANTS SAVINGS & LOAN ASSN INC Thrift Bank 36.24
NORTHPOINT DEV'T BANK INC Thrift Bank 38.98
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS U/KB 44.74
BANK OF AMERICA N.A. U/KB 45.77
YUANTA SAVINGS BANK PHILIPPINES INC Thrift Bank 47.54
PACIFIC ACE SAVINGS BANK INC Thrift Bank 48.76
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH U/KB 49.14
ING BANK N.V. U/KB 54.68
BANK OF CHINA LIMITED U/KB 55.49
PHIL STAR DEVELOPMENT BANK INC Thrift Bank 60.23
QUEZON COCONUT BANK INC (A THRIFT BANK) Thrift Bank 68.09
INDUSTRIAL BANK OF KOREA MANILA BRANCH U/KB 70.15
CENTURY SAVINGS BANK CORPORATION Thrift Bank 78.41
SHINHAN BANK - MANILA BRANCH U/KB 93.22
ISLA BANK(A THRIFT BANK) INC Thrift Bank 115.54
CATHAY UNITED BANK CO LTD - MANILA BRANCH U/KB 161.41
FIRST COMMERCIAL BANK U/KB 205.51
PAMPANGA DEVELOPMENT BANK Thrift Bank 211.69
CHANG HWA COMMERCIAL BANK LTD – MANILA BRANCH U/KB 379.04
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH U/KB 1355.04
ANZ BANKING GROUP LTD U/KB NA
BANGKOK BANK PUBLIC CO LTD U/KB NA
BATAAN SAVINGS AND LOAN BANK Thrift Bank NA
LUZON DEVELOPMENT BANK Thrift Bank NA
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank NA
MAXIMUM SAVINGS BANK Thrift Bank NA
PHILIPPINE VETERANS BANK U/KB NA
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB NA
VILLAGE BANK INC (A THRIFT BANK) Thrift Bank NA





















Philippine Banking System
Common Tier 1 Ratio
September 30, 2018









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 MAKATI (A SAVINGS BANK) INC Thrift Bank 0.00
BATAAN DEVELOPMENT 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
MALAYAN BANK SAVINGS AND MORT BANK INC Thrift Bank 0.00
MARITIME SAVINGS BANK CORPORATION 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 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
UNITED COCONUT PLANTERS BANK 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
CITY SAVINGS BANK INC Thrift Bank 9.20
EAST WEST BANKING CORP U/KB 10.44
CHINA BANK SAVINGS INC Thrift Bank 10.64
LAND BANK OF THE  PHILIPPINES U/KB 10.93
DEVELOPMENT BANK OF THE PHIL U/KB 10.96
PHIL NATIONAL BANK U/KB 11.08
PHIL SAVINGS BANK Thrift Bank 11.09
MAYBANK PHILIPPINES INC U/KB 11.15
ASIA UNITED BANK CORPORATION U/KB 11.18
MUFG BANK INC U/KB 11.21
BDO UNIBANK INC U/KB 11.77
PHIL BANK OF COMMUNICATIONS U/KB 11.78
MIZUHO BANK LTD - MANILA BRANCH U/KB 11.97
OVERSEAS FILIPINO BANK Thrift Bank 12.27
CHINA BANKING CORP U/KB 12.31
RCBC SAVINGS BANK INC Thrift Bank 12.48
CITIBANK, N.A. U/KB 13.36
UCPB SAVINGS BANK Thrift Bank 13.37
UNION BANK OF THE PHILS U/KB 13.78
RIZAL COMM'L BANKING CORP U/KB 14.24
METROPOLITAN BANK & TRUST CO U/KB 14.46
DEUTSCHE BANK AG U/KB 14.72
BANK OF THE PHIL ISLANDS U/KB 15.15
ROBINSONS BANK CORPORATION U/KB 15.50
SECURITY BANK CORP U/KB 15.58
BANK OF COMMERCE U/KB 15.63
CTBC BANK (PHILIPPINES) CORP U/KB 15.65
STANDARD CHARTERED BANK U/KB 16.19
BDO PRIVATE BANK, INC. U/KB 16.87
BPI FAMILY SAVINGS BANK INC Thrift Bank 16.89
HONGKONG & SHANGHAI BANKING CORP U/KB 16.92
MEGA INT'L COMM'L BANK CO LTD U/KB 19.79
BPI DIRECT BANKO INC Thrift Bank 20.44
PNB SAVINGS BANK Thrift Bank 20.87
BANK ONE SAVINGS AND TRUST CORP. Thrift Bank 21.04
KEB HANA BANK - MANILA BRANCH U/KB 26.01
JP MORGAN CHASE BANK NATIONAL ASSN. U/KB 28.73
HSBC SAVINGS BANK PHILIPPINES Thrift Bank 29.51
LEGAZPI SAVINGS BANK INC Thrift Bank 30.23
PHIL TRUST COMPANY U/KB 32.29
MERCHANTS SAVINGS & LOAN ASSN INC Thrift Bank 36.24
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS U/KB 44.74
BANK OF AMERICA N.A. U/KB 45.77
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH U/KB 49.14
ING BANK N.V. U/KB 54.68
BANK OF CHINA LIMITED U/KB 55.49
INDUSTRIAL BANK OF KOREA MANILA BRANCH U/KB 70.15
SHINHAN BANK - MANILA BRANCH U/KB 93.22
CATHAY UNITED BANK CO LTD - MANILA BRANCH U/KB 161.41
FIRST COMMERCIAL BANK U/KB 205.51
CHANG HWA COMMERCIAL BANK LTD – MANILA BRANCH U/KB 379.04
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH U/KB 1355.04
ANZ BANKING GROUP LTD U/KB NA
BANGKOK BANK PUBLIC CO LTD U/KB NA
BATAAN SAVINGS AND LOAN BANK Thrift Bank NA
LUZON DEVELOPMENT BANK Thrift Bank NA
MALASIQUI PROGRESSIVE SLB, INC Thrift Bank NA
MAXIMUM SAVINGS BANK Thrift Bank NA
PHILIPPINE VETERANS BANK U/KB NA
THE PALAWAN BANK (PALAWAN DB) INC Thrift Bank NA
UNITED OVERSEAS BANK LIMITED MANILA BRANCH U/KB NA
VILLAGE BANK INC (A THRIFT BANK) Thrift Bank NA

Related Posts: