Philippine Banks Deteriorate Slightly in the 1st Quarter of 2019

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 48.39 billion or 6.53% from December 31, 2018 to March 31, 2019.  This increase was offset by the increase of their Total Capital Cushion of Php 118.24 billion or 5.67% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by 0.15 percentage points, from 35.31% as of December 31, 2018 to 35.65% as of March 31, 2019. On a year on year basis, the Distressed Asset Ratio has decreased 2.69 percentage points from 38.34% as of March 31, 2018 to 35.65% as of March 31, 2019.

The list of Philippine Banks classified as distressed as of March 31, 2019 are as follows:

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
March 31, 2019
In Php
	March 31, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC	520,928,565.56	101,990,261.31	510.76%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	837,425,414.89	188,221,991.32	444.91%
RB OF JAEN INC	258,121,386.76	59,232,407.94	435.78%
INTER-ASIA DEVELOPMENT BANK	322,846,792.97	91,796,389.86	351.70%
MOUNT MAKILING RURAL BANK INC	969,019,139.08	278,855,031.66	347.50%
COOP BANK OF CAGAYAN	360,288,378.47	105,322,538.61	342.08%
VILLAGE BANK INC (A RURAL BANK)	358,365,146.14	106,430,495.60	336.71%
RB OF BROOKE'S POINT (PALAWAN) INC	331,414,039.38	101,629,964.67	326.10%
BENGUET CENTER BANK INC A RB	205,435,049.13	64,294,387.22	319.52%
RB OF DULAG (LEYTE) INC	338,978,879.20	119,420,435.33	283.85%
COMMTY RB OF DAPITAN CITY INC	426,229,194.27	161,867,993.76	263.32%
UNITED COCONUT PLANTERS BANK	18,794,452,911.88	8,381,446,388.01	224.24%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,255,668,126.89	1,468,433,302.28	221.71%
RB OF SAN MATEO(ISABELA) INC	303,422,072.05	137,514,038.45	220.65%
RB OF MIDSAYAP INC	220,745,255.45	102,966,058.13	214.39%
RB OF CARDONA (RIZAL) INC	291,338,000.94	142,508,947.39	204.43%
YUANTA SAVINGS BANK PHILIPPINES INC	1,913,632,862.61	992,257,234.14	192.86%
RB OF PILAR (BATAAN) INC	294,143,468.38	154,060,715.31	190.93%
RB OF GENERAL TRIAS INC	263,820,247.94	139,393,957.69	189.26%
TANAY RB INC	775,662,243.77	413,538,998.72	187.57%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	280,875,875.93	154,425,067.15	181.88%
RBG IMPERIAL BANK INC(A RURAL BANK)	164,283,874.35	92,643,136.85	177.33%
BANK OF CHINA LIMITED-MANILA BRANCH	17,309,788,413.88	10,050,902,348.08	172.22%
VALIANT BANK INC (A RURAL BANK)	394,692,183.07	235,494,542.72	167.60%
RANG-AY BANK INC (A RURAL BANK)	899,504,899.99	538,461,371.90	167.05%
AMA RURAL BANK OF MANDALUYONG INC	1,405,295,708.26	891,921,691.67	157.56%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	575,418,226.30	368,615,858.88	156.10%
RB OF BAMBANG (NUEVA VIZCAYA) INC	208,043,754.42	138,569,500.13	150.14%
RB OF SAN LUIS (PAMPANGA) INC	170,768,504.72	115,428,386.16	147.94%
RCBC SAVINGS BANK INC	22,189,756,941.39	15,268,125,557.71	145.33%
RB OF MARIA AURORA (AURORA) INC	345,004,673.41	238,887,658.99	144.42%
GRAND-AGRI RURAL BANK	81,669,317.16	61,608,243.49	132.56%
ENTERPRISE BANK INC (A THRIFT BANK)	566,919,073.84	432,863,823.39	130.97%
D' ASIAN HILLS BANK INC (A RURAL BANK)	167,331,970.65	139,095,628.07	120.30%
EQUICOM SAVINGS BANK INC	1,170,954,448.43	990,367,470.10	118.23%
PHIL BANK OF COMMUNICATIONS	14,790,357,661.06	12,773,089,763.85	115.79%
LUZON DEVELOPMENT BANK	837,650,136.98	724,473,558.19	115.62%
CHINA BANK SAVINGS INC	13,460,407,389.28	11,700,972,862.23	115.04%
GM BANK OF LUZON INC (A RURAL BANK)	571,934,530.73	505,251,055.09	113.20%
RB OF BAYOMBONG INC	206,127,762.26	184,378,189.97	111.80%
UCPB SAVINGS BANK	3,707,204,271.49	3,408,915,226.74	108.75%
GATEWAY RURAL BANK INC	131,735,366.51	121,478,790.50	108.44%
ILOCOS CONSOLIDATED COOPERATIVE BANK	296,194,247.45	277,471,591.70	106.75%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	428,767,866.26	421,692,152.80	101.68%
Grand Total	111,402,624,273.58	73,146,315,013.76	152.30%

As a group, the distressed banks showed a decrease in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  152.30% as of March 31, 2019, down from 153.32% as of December 31, 2018.







 
 

Top Distressed Philippine Banks
Departures and Arrivals
Distressed Asset Ratios
December 31, 2018 to March 31, 2019
In %
Bank	March 31, 2019	December 31, 2018
Arrivals
SAVIOUR RURAL BANK INC	510.76%	92.48%
ILOCOS CONSOLIDATED COOPERATIVE BANK	106.75%	90.29%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	101.68%	74.81%
Departures
BOF INC (A RURAL BANK)	98.40%	105.28%
SUGBUANON RB INC	88.58%	158.87%
COMMON WEALTH RURAL BANK INC	84.85%	111.53%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
December 31, 2018 to March 31, 2019
In Php
	March 31, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC	520,928,565.56	101,990,261.31	510.76%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	837,425,414.89	188,221,991.32	444.91%
RB OF JAEN INC	258,121,386.76	59,232,407.94	435.78%
INTER-ASIA DEVELOPMENT BANK	322,846,792.97	91,796,389.86	351.70%
MOUNT MAKILING RURAL BANK INC	969,019,139.08	278,855,031.66	347.50%
COOP BANK OF CAGAYAN	360,288,378.47	105,322,538.61	342.08%
VILLAGE BANK INC (A RURAL BANK)	358,365,146.14	106,430,495.60	336.71%
RB OF BROOKE'S POINT (PALAWAN) INC	331,414,039.38	101,629,964.67	326.10%
BENGUET CENTER BANK INC A RB	205,435,049.13	64,294,387.22	319.52%
RB OF DULAG (LEYTE) INC	338,978,879.20	119,420,435.33	283.85%
COMMTY RB OF DAPITAN CITY INC	426,229,194.27	161,867,993.76	263.32%
UNITED COCONUT PLANTERS BANK	18,794,452,911.88	8,381,446,388.01	224.24%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,255,668,126.89	1,468,433,302.28	221.71%
RB OF SAN MATEO(ISABELA) INC	303,422,072.05	137,514,038.45	220.65%
RB OF MIDSAYAP INC	220,745,255.45	102,966,058.13	214.39%
RB OF CARDONA (RIZAL) INC	291,338,000.94	142,508,947.39	204.43%
YUANTA SAVINGS BANK PHILIPPINES INC	1,913,632,862.61	992,257,234.14	192.86%
RB OF PILAR (BATAAN) INC	294,143,468.38	154,060,715.31	190.93%
RB OF GENERAL TRIAS INC	263,820,247.94	139,393,957.69	189.26%
TANAY RB INC	775,662,243.77	413,538,998.72	187.57%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	280,875,875.93	154,425,067.15	181.88%
RBG IMPERIAL BANK INC(A RURAL BANK)	164,283,874.35	92,643,136.85	177.33%
BANK OF CHINA LIMITED-MANILA BRANCH	17,309,788,413.88	10,050,902,348.08	172.22%
VALIANT BANK INC (A RURAL BANK)	394,692,183.07	235,494,542.72	167.60%
RANG-AY BANK INC (A RURAL BANK)	899,504,899.99	538,461,371.90	167.05%
AMA RURAL BANK OF MANDALUYONG INC	1,405,295,708.26	891,921,691.67	157.56%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	575,418,226.30	368,615,858.88	156.10%
RB OF BAMBANG (NUEVA VIZCAYA) INC	208,043,754.42	138,569,500.13	150.14%
RB OF SAN LUIS (PAMPANGA) INC	170,768,504.72	115,428,386.16	147.94%
RCBC SAVINGS BANK INC	22,189,756,941.39	15,268,125,557.71	145.33%
RB OF MARIA AURORA (AURORA) INC	345,004,673.41	238,887,658.99	144.42%
GRAND-AGRI RURAL BANK	81,669,317.16	61,608,243.49	132.56%
ENTERPRISE BANK INC (A THRIFT BANK)	566,919,073.84	432,863,823.39	130.97%
D' ASIAN HILLS BANK INC (A RURAL BANK)	167,331,970.65	139,095,628.07	120.30%
EQUICOM SAVINGS BANK INC	1,170,954,448.43	990,367,470.10	118.23%
PHIL BANK OF COMMUNICATIONS	14,790,357,661.06	12,773,089,763.85	115.79%
LUZON DEVELOPMENT BANK	837,650,136.98	724,473,558.19	115.62%
CHINA BANK SAVINGS INC	13,460,407,389.28	11,700,972,862.23	115.04%
GM BANK OF LUZON INC (A RURAL BANK)	571,934,530.73	505,251,055.09	113.20%
RB OF BAYOMBONG INC	206,127,762.26	184,378,189.97	111.80%
UCPB SAVINGS BANK	3,707,204,271.49	3,408,915,226.74	108.75%
GATEWAY RURAL BANK INC	131,735,366.51	121,478,790.50	108.44%
ILOCOS CONSOLIDATED COOPERATIVE BANK	296,194,247.45	277,471,591.70	106.75%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	428,767,866.26	421,692,152.80	101.68%
ENTREPRENEUR RB INC	89,780,475.50	91,204,643.94	98.44%
BOF INC (A RURAL BANK)	634,523,058.30	644,838,657.19	98.40%
GUAGUA RURAL BANK INC	1,090,694,242.00	1,146,712,356.53	95.11%
RB OF MAGDALENA (LAGUNA) INC	116,186,746.82	128,192,643.52	90.63%
BANGKO MABUHAY (A RURAL BANK) INC	309,928,513.49	343,335,053.72	90.27%
BATAAN DEVELOPMENT BANK	103,650,064.42	116,600,014.14	88.89%
SUGBUANON RB INC	100,309,144.72	113,239,621.31	88.58%
ASIA UNITED BANK CORPORATION	27,540,586,225.23	31,115,740,576.17	88.51%
PRODUCERS SAVINGS BANK CORPORATION	1,938,880,608.99	2,229,352,737.59	86.97%
RB OF ITOGON (BENGUET) INC	113,497,043.65	130,782,659.77	86.78%
CONSOLIDATED COOPERATIVE BANK	507,423,696.86	589,556,104.53	86.07%
COMMON WEALTH RURAL BANK INC	113,473,217.59	133,731,740.14	84.85%
MT CARMEL RURAL BANK INC	304,259,691.55	364,888,211.84	83.38%
RB OF MIAGAO (ILOILO) INC	86,614,906.06	108,272,092.04	80.00%
PBCOM RURAL BANK INC	719,988,261.92	929,617,827.55	77.45%
LEGAZPI SAVINGS BANK INC	635,493,826.32	821,646,648.86	77.34%
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	138,421,408.46	181,733,700.00	76.17%
RB OF SAN PASCUAL(OBANDO BULACAN)INC	59,401,934.64	78,286,430.96	75.88%
PHIL STAR DEVELOPMENT BANK INC	81,555,578.83	109,439,031.42	74.52%
PNB SAVINGS BANK	9,453,006,690.86	12,721,715,949.50	74.31%
NEW RB OF SAN LEONARDO (N.E.) INC	189,705,530.08	256,621,413.00	73.92%
LAGAWE HIGHLANDS RB INC	47,924,587.89	66,752,864.82	71.79%
COOP BANK OF BENGUET (CBB)	73,470,326.24	103,912,361.34	70.70%
CITY SAVINGS BANK INC	12,008,846,015.17	17,161,505,302.12	69.98%
AGRIBUSINESS RURAL BANK INC	708,116,805.19	1,015,117,525.80	69.76%
CANTILAN BANK INC (A RURAL BANK)	421,441,328.48	605,244,670.50	69.63%
EAST WEST BANKING CORP	34,133,372,818.53	49,208,617,328.26	69.36%
COOPERATIVE BANK OF BOHOL	75,370,991.88	108,855,628.62	69.24%
HONGKONG & SHANGHAI BANKING CORP	10,435,063,230.48	15,470,259,276.33	67.45%
PHIL SAVINGS BANK	23,908,410,545.65	35,606,728,557.31	67.15%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	409,295,903.73	613,109,720.77	66.76%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,383,259,316.33	3,584,821,451.57	66.48%
COOPERATIVE BANK OF NUEVA VIZCAYA	71,929,262.68	108,390,035.23	66.36%
ALIAGA FARMERS RURAL BANK INC	123,854,043.90	190,815,472.65	64.91%
MALARAYAT RB INC	129,806,162.84	200,420,963.79	64.77%
DUMAGUETE CITY DEV BANK INC	201,536,468.31	317,685,816.79	63.44%
INSULAR SAVERS BANK INC (A RURAL BANK)	470,369,626.09	767,238,266.28	61.31%
RB OF MABALACAT INC	63,163,289.47	104,911,873.14	60.21%
MINDANAO CONSOLIDATED COOPERATIVE BANK	267,635,690.35	445,722,926.99	60.05%
RB OF GATTARAN (CAGAYAN) INC	60,107,507.86	101,383,073.90	59.29%
KEB HANA BANK - MANILA BRANCH	1,905,678,898.52	3,219,851,097.65	59.19%
RB OF POZORRUBIO INC	27,133,059.86	45,908,824.77	59.10%
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	4,067,206,359.20	6,891,314,829.61	59.02%
COMMTY RB OF CATMON (CEBU) INC	78,582,117.32	137,367,120.95	57.21%
HIGHLAND RURAL BANK INC	92,528,834.19	162,014,267.73	57.11%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	52,917,602.24	93,840,520.94	56.39%
RNG COASTAL BANK INC(A RURAL BANK)	96,616,826.45	173,136,852.63	55.80%
BPI DIRECT BANKO INC A SAVINGS BANK	1,701,786,602.92	3,148,416,967.09	54.05%
RB OF LEBAK (SULTAN KUDARAT) INC	58,640,415.47	110,212,760.64	53.21%
DEUTSCHE BANK AG	1,256,335,805.66	2,373,655,121.71	52.93%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	113,351,662.77	217,632,692.97	52.08%
MARITIME SAVINGS BANK CORPORATION	31,277,461.33	61,041,130.40	51.24%
COOP BANK OF QUEZON PROVINCE	65,809,930.72	128,895,980.08	51.06%
CITYSTATE SAVINGS BANK INC	365,452,288.03	720,098,211.14	50.75%
BHF RURAL BANK INC	177,631,650.06	351,350,139.80	50.56%
COOP BANK OF PALAWAN	114,427,978.89	226,966,017.34	50.42%
FILIDIAN RURAL BANK OF ANTIPOLO INC	75,630,058.75	150,718,354.31	50.18%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	78,278,024.23	156,526,638.50	50.01%
SOUTH BANK (A RURAL BANK) INC	50,107,766.63	101,344,517.57	49.44%
BALANGA RURAL BANK, INC.	40,473,660.77	82,046,065.42	49.33%
CAMALIG BANK INC (A RURAL BANK)	156,738,824.11	323,798,247.62	48.41%
RB OF DUMANGAS INC	50,023,973.54	104,286,923.39	47.97%
UNIVERSITY SAVINGS BANK INC	223,986,675.09	467,141,793.96	47.95%
ASPAC RURAL BANK INC	160,163,331.43	335,183,318.57	47.78%
FIRST TAGUM RURAL BANK INC	162,695,849.43	343,472,065.86	47.37%
RB OF MARAGONDON INC	36,888,252.65	78,167,691.07	47.19%
RB OF ALABEL (SARANGANI) INC	51,642,594.13	110,042,924.76	46.93%
MALLIG PLAINS RURAL BANK (ISABELA) INC	62,681,092.79	136,781,788.13	45.83%
MAYBANK PHILIPPINES INCORPORATED	6,982,130,174.80	15,240,475,569.23	45.81%
CTBC BANK (PHILIPPINES) CORP	3,732,079,044.84	8,195,536,615.38	45.54%
CITIBANK, N.A.	7,768,526,068.69	17,315,235,086.40	44.87%
RB OF BAGABAG (N.V.)INC	80,648,362.99	182,351,757.77	44.23%
HIYAS BANKING CORPORATION	91,113,283.86	206,152,328.90	44.20%
UNION BANK OF THE PHILS	38,621,604,810.23	89,062,331,462.37	43.36%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	1,888,259,216.15	4,354,449,263.13	43.36%
RB OF CAUAYAN INC	116,343,975.84	274,509,594.11	42.38%
RB OF PORAC (PAMPANGA) INC	138,173,783.32	326,900,474.26	42.27%
WEALTH DEVELOPMENT BANK CORPORATION	688,655,204.78	1,645,644,210.64	41.85%
BANK OF MAKATI (A SAVINGS BANK) INC	4,454,807,285.40	11,007,016,394.27	40.47%
RB OF ANGELES INC	260,826,285.57	648,808,878.95	40.20%
BPI FAMILY SAVINGS BANK INC	15,560,078,807.67	38,751,214,408.64	40.15%
PHIL NATIONAL BANK	54,669,644,757.90	136,471,765,992.46	40.06%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	219,511,837.27	548,065,387.89	40.05%
BANK ONE SAVINGS CORPORATION	258,548,214.58	657,256,173.76	39.34%
1ST VALLEY BANK INC A DEVELOPMENT BANK	880,756,496.00	2,239,086,057.49	39.34%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	56,489,312.77	143,850,503.74	39.27%
CHINA BANKING CORP	34,284,960,307.71	87,605,489,988.80	39.14%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	53,229,047.92	137,795,158.13	38.63%
FARMERS SAVINGS & LOAN BANK INC	60,648,173.86	157,849,845.73	38.42%
STANDARD CHARTERED BANK	3,405,939,831.94	8,888,209,736.48	38.32%
BANK OF COMMERCE	6,986,978,544.20	18,355,658,010.66	38.06%
MVSM BANK (A RURAL BANK SINCE 1953) INC	57,802,492.49	152,381,223.73	37.93%
ING BANK N.V.	988,008,613.62	2,627,759,123.31	37.60%
SUMMIT BANK (RB OF TUBLAY INC)	146,814,807.62	393,750,074.50	37.29%
EAST WEST RURAL BANK INC	1,538,339,387.51	4,177,037,515.47	36.83%
BDO PRIVATE BANK, INC.	1,997,934,033.47	5,447,302,895.67	36.68%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	4,550,703,519.76	12,536,000,217.98	36.30%
RB OF DOLORES (QUEZON) INC	28,942,769.64	79,800,317.45	36.27%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	27,260,765.58	75,171,744.90	36.26%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	85,604,408.65	243,427,604.12	35.17%
DEVELOPMENT BANK OF THE PHIL	21,469,195,783.15	61,207,452,412.88	35.08%
CORDILLERA SAVINGS BANK INC	54,561,213.41	157,076,432.22	34.74%
ZAMBALES RURAL BANK INC	55,044,645.36	165,026,045.71	33.36%
METRO SOUTH COOP BANK	319,180,518.70	964,887,218.16	33.08%
RB OF DIGOS INC	70,679,985.84	215,304,961.72	32.83%
RIZAL COMM'L BANKING CORP	28,284,305,489.33	86,640,873,858.00	32.65%
PAMPANGA DEVELOPMENT BANK	92,702,249.16	284,211,786.21	32.62%
SUN SAVINGS BANK INC	85,781,584.23	269,142,908.04	31.87%
BANKWAYS INC (A RURAL BANK)	82,058,193.93	259,241,244.69	31.65%
RB OF PARACALE(CAMARINES NORTE) INC	34,307,405.05	109,390,398.52	31.36%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	211,794,160.06	689,408,750.12	30.72%
LIFE SAVINGS BANK INC	24,139,820.31	78,636,979.92	30.70%
ROBINSONS BANK CORPORATION	4,349,019,413.36	14,222,527,876.07	30.58%
RURAL BANK OF SAN ANTONIO INC	59,248,132.05	194,059,069.14	30.53%
CARD SME BANK INC A THRIFT BANK	389,928,741.36	1,278,276,011.70	30.50%
RB OF BAY INC	21,346,197.33	69,994,823.12	30.50%
PHIL TRUST COMPANY	8,186,853,991.10	26,871,437,367.37	30.47%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	53,548,717.92	176,631,510.10	30.32%
IMUS RURAL BANK INC	66,050,219.44	218,676,095.46	30.20%
FIRST ISABELA COOP BANK INC(FICOBANK)	298,824,627.28	992,442,194.00	30.11%
JP MORGAN CHASE BANK NATIONAL ASSN.	795,537,431.06	2,706,099,000.00	29.40%
METROPOLITAN BANK & TCO	86,509,731,480.18	300,668,224,135.28	28.77%
NORTHPOINT DEV'T BANK INC	133,231,972.71	465,233,240.25	28.64%
ALLBANK (A THRIFT BANK) INC	311,704,653.24	1,105,298,468.43	28.20%
RB OF GUINOBATAN INC	35,903,775.79	127,687,894.17	28.12%
KATIPUNAN BANK INC "A RURAL BANK"	144,010,504.40	512,855,169.00	28.08%
QUEZON CAPITAL RB INC	111,111,363.44	397,704,023.22	27.94%
LAND BANK OF THE PHILIPPINES	37,835,562,109.11	136,321,149,898.74	27.75%
STA MARIA RURAL BANK INC	21,962,477.52	82,317,359.31	26.68%
FIRST CONSOLIDATED BANK INC (A PDB)	1,444,816,509.90	5,446,283,054.24	26.53%
COOP BANK OF COTABATO	190,290,864.48	731,649,298.74	26.01%
RB OF SOLANO (NUEVA VIZCAYA) INC	60,039,882.51	231,755,041.67	25.91%
SECURED BANK INC (A RB)	35,307,425.64	136,953,488.47	25.78%
HSBC SAVINGS BANK(PHILS) INC	458,558,209.28	1,812,306,743.65	25.30%
QUEZON COCONUT BANK INC (A THRIFT BANK)	14,458,602.93	57,629,735.81	25.09%
RB OF TANGUB CITY (MIS OCC) INC	30,828,098.03	123,339,793.64	24.99%
MANOR BANK - A RURAL BANK CORP	29,663,041.29	118,817,045.23	24.97%
BANGKO MONTANOSA INC (A RURAL BANK)	28,192,161.89	112,973,413.86	24.95%
CENTURY RURAL BANK INC	19,129,168.93	83,075,687.35	23.03%
BDO UNIBANK INC	82,264,604,722.40	364,830,295,583.86	22.55%
RB OF ROSARIO (LA UNION) INC	15,846,959.93	70,826,794.42	22.37%
SECURITY BANK CORP	24,965,816,189.06	114,648,772,940.80	21.78%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	206,008,382.85	955,963,573.52	21.55%
MARAYO BANK INC (A RURAL BANK)	144,958,957.34	684,872,491.19	21.17%
CARD BANK INC (A MF RB)	702,877,548.43	3,404,087,862.85	20.65%
NATIONAL TEACHERS & EMP. COOP BANK	26,777,467.08	133,558,067.69	20.05%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	33,864,040.84	170,775,908.41	19.83%
PACIFIC ACE SAVINGS BANK INC	16,601,107.75	84,414,049.35	19.67%
RB OF POLA (ORIENTAL MINDORO) INC	63,033,270.54	328,414,273.19	19.19%
MERCHANTS SAVINGS & LOAN ASSN INC	122,791,995.17	641,370,758.78	19.15%
RB OF MONTALBAN INC	11,984,853.95	64,146,336.24	18.68%
CEBUANA LHUILLIER RB INC	28,780,055.25	157,812,868.86	18.24%
BUSINESS AND CONSUMERS BANK (A DB)	16,918,757.56	96,866,062.11	17.47%
RB OF PILAR (SORSOGON) INC	25,286,835.01	145,840,229.91	17.34%
LIFEBANK- A RURAL BANK	49,122,834.13	288,469,755.05	17.03%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	27,804,064.77	170,522,700.22	16.31%
RB OF STA IGNACIA INC	21,580,470.86	135,088,178.31	15.98%
RBT BANK INC A RURAL BANK	35,628,709.22	241,324,960.33	14.76%
BANK OF THE PHIL ISLANDS	39,157,757,501.17	266,209,509,490.11	14.71%
GUAGUA SAVERS BANK(A RB) INC	12,235,811.39	83,875,463.42	14.59%
RB OF BARILI (CEBU) INC	53,514,620.52	407,705,556.03	13.13%
METRO CEBU PUBLIC SAVINGS BANK	12,019,583.50	94,217,343.16	12.76%
MEGA INT'L COMM'L BANK CO LTD	454,945,418.14	3,629,820,632.07	12.53%
CENTURY SAVINGS BANK CORPORATION	122,306,025.82	995,963,862.70	12.28%
RB OF ANTIPOLO INC	13,991,229.34	115,211,572.97	12.14%
MIZUHO BANK LTD - MANILA BRANCH	709,812,780.65	5,914,964,797.61	12.00%
RB OF PANDI (BULACAN) INC	30,841,809.01	261,721,335.95	11.78%
CAVITE UNITED RURAL BANK CORP	45,809,715.87	421,868,690.35	10.86%
LEMERY SAVINGS & LOAN BANK, INC.	8,727,593.91	91,298,849.18	9.56%
ISLA BANK(A THRIFT BANK) INC	33,841,609.46	763,882,291.07	4.43%
RB OF GLORIA (OR MIN) INC	4,104,099.39	93,506,913.39	4.39%
MUFG BANK, LTD.	202,182,683.52	4,967,276,284.75	4.07%
BANGKOK BANK PUBLIC CO LTD	134,772,581.47	3,622,427,177.00	3.72%
INNOVATIVE BANK INC (A RURAL BANK)	8,627,941.40	360,541,097.28	2.39%
CIMB BANK PHILIPPINES INC	62,065,994.73	2,601,650,000.00	2.39%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRANCH	91,586,743.58	3,975,770,000.00	2.30%
BANK OF AMERICA N.A.	31,739,054.58	2,110,096,416.73	1.50%
SHINHAN BANK - MANILA BRANCH	33,387,130.73	4,243,488,714.50	0.79%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	13,172,984.29	2,102,781,767.63	0.63%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	12,924,842.81	2,383,167,063.15	0.54%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	8,689,957.10	2,030,093,220.16	0.43%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	49,212,628.90	13,026,635,346.24	0.38%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	18,737,846.01	5,274,893,945.51	0.36%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	6,999,461.23	2,162,147,423.52	0.32%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	11,399,137.77	3,965,211,016.02	0.29%
ARDCIBANK INC A RURAL BANK	NA	NA	NA
BANCO SANTIAGO DE LIBON INC	NA	NA	NA
BANGKO CARRASCAL INC (A RB)	NA	NA	NA
GOLDEN RURAL BANK OF THE PHILIPPINES INC	NA	NA	NA
LIBERTY BANK (A RURAL BANK) INC	NA	NA	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	NA	NA	NA
RB OF MABITAC (LAGUNA) INC	NA	NA	NA
Grand Total	786,303,335,113.88	2,205,352,012,824.42	35.65%

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, 2018 and March 31, 2019 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.