Philippine Banks Deteriorate Slightly in the 2nd 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 33.18 billion or 4.22% from March 31, 2019 to June 30, 2019.  This increase was further compounded by the decrease of their Total Capital Cushion of Php 2.82 billion or -0.13% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks 1.53 percentage points, from 35.64% as of March 31, 2019 to 37.17% as of June 30, 2019. On a year on year basis, the Distressed Asset Ratio has increased 0.72 percentage points from 36.45% as of June 30, 2018 to 37.17% as of June 30, 2019.

 The list of Philippine Banks classified as distressed as of June 30, 2019 are as follows:

 

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
June 30, 2019
In Php
	June 30, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC	517,925,681.33	103,497,793.61	500.42%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	845,353,759.04	188,282,991.32	448.98%
RB OF JAEN INC	262,250,228.67	59,030,481.69	444.26%
INTER-ASIA DEVELOPMENT BANK	346,824,619.67	90,342,875.94	383.90%
RB OF BROOKE'S POINT (PALAWAN) INC	344,717,169.84	98,136,085.41	351.26%
COOP BANK OF CAGAYAN	366,577,720.45	104,614,927.74	350.41%
MOUNT MAKILING RURAL BANK INC	965,919,952.04	278,630,039.74	346.67%
RB OF DULAG (LEYTE) INC	345,674,258.40	115,417,424.73	299.50%
TANAY RB INC	937,455,043.99	331,358,597.12	282.91%
COMMTY RB OF DAPITAN CITY INC	442,198,607.32	161,552,378.64	273.72%
BENGUET CENTER BANK INC A RB	191,548,767.50	70,284,882.93	272.53%
VILLAGE BANK INC (A RURAL BANK)	278,436,299.86	107,313,565.81	259.46%
RB OF CARDONA (RIZAL) INC	298,277,829.32	119,739,699.49	249.11%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,603,626,987.06	1,450,421,091.32	248.45%
UNITED COCONUT PLANTERS BANK	18,892,313,076.33	7,829,198,136.33	241.31%
RB OF MIDSAYAP INC	235,527,461.75	103,381,730.49	227.82%
RB OF PILAR (BATAAN) INC	337,338,984.22	152,706,485.36	220.91%
BANK OF CHINA LIMITED-MANILA BRANCH	19,418,011,848.98	10,072,962,874.79	192.77%
RANG-AY BANK INC (A RURAL BANK)	896,073,163.77	469,875,846.12	190.70%
YUANTA SAVINGS BANK PHILIPPINES INC	1,817,124,719.29	991,594,566.36	183.25%
RB OF GENERAL TRIAS INC	242,287,797.03	141,057,528.85	171.77%
RB OF SAN MATEO(ISABELA) INC	237,642,482.52	138,529,764.18	171.55%
RB OF BAMBANG (NUEVA VIZCAYA) INC	231,661,890.27	138,206,742.03	167.62%
AMA RURAL BANK OF MANDALUYONG INC	1,406,003,291.02	891,921,691.63	157.64%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	241,150,917.52	154,423,979.91	156.16%
RCBC SAVINGS BANK INC	23,361,062,622.95	15,154,113,922.64	154.16%
GRAND-AGRI RURAL BANK	89,264,540.89	58,527,467.81	152.52%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	557,926,263.09	368,211,887.04	151.52%
RB OF SAN LUIS (PAMPANGA) INC	169,791,281.12	112,892,106.41	150.40%
ENTERPRISE BANK INC (A THRIFT BANK)	614,529,364.80	416,558,371.02	147.53%
RB OF MARIA AURORA (AURORA) INC	321,352,013.84	238,942,441.99	134.49%
LUZON DEVELOPMENT BANK	934,164,004.10	735,120,909.19	127.08%
COMMON WEALTH RURAL BANK INC	161,737,784.25	134,316,764.09	120.42%
CHINA BANK SAVINGS INC	14,001,639,515.99	11,672,982,591.41	119.95%
EQUICOM SAVINGS BANK INC	1,229,477,116.28	1,032,700,546.10	119.05%
RB OF BAYOMBONG INC	208,500,222.30	180,621,948.11	115.43%
GATEWAY RURAL BANK INC	139,355,243.55	122,718,695.67	113.56%
RB OF SAN NARCISO INC	57,609,782.92	51,598,577.94	111.65%
PHIL BANK OF COMMUNICATIONS	14,076,985,661.05	12,724,060,977.65	110.63%
UCPB SAVINGS BANK	3,733,053,169.68	3,431,124,571.20	108.80%
GM BANK OF LUZON INC (A RURAL BANK)	526,054,165.25	495,670,348.90	106.13%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	441,756,111.36	421,692,152.80	104.76%
ASIA UNITED BANK CORPORATION	30,772,524,359.16	30,368,926,156.25	101.33%
Grand Total	145,098,705,779.77	102,083,262,617.76	142.14%

As a group, the distressed banks showed a decrease in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  142.14% as of June 30, 2019, down from 152.27% as of March 31, 2019.

 

Top Distressed Philippine Banks
Departures and Arrivals
Distressed Asset Ratios
March 31, 2019 to June 30, 2019
In %
Bank	June 30, 2019	March 31, 2019
Arrivals
COMMON WEALTH RURAL BANK INC	120.42%	84.85%
RB OF SAN NARCISO INC	111.65%	NA
ASIA UNITED BANK CORPORATION	101.33%	88.51%
Departures
ILOCOS CONSOLIDATED COOPERATIVE BANK	96.52%	106.75%
D' ASIAN HILLS BANK INC (A RURAL BANK)	91.63%	120.30%

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
March 31, 2019 to June 30, 2019
In Php
	June 30, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
SAVIOUR RURAL BANK INC	517,925,681.33	103,497,793.61	500.42%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	845,353,759.04	188,282,991.32	448.98%
RB OF JAEN INC	262,250,228.67	59,030,481.69	444.26%
INTER-ASIA DEVELOPMENT BANK	346,824,619.67	90,342,875.94	383.90%
RB OF BROOKE'S POINT (PALAWAN) INC	344,717,169.84	98,136,085.41	351.26%
COOP BANK OF CAGAYAN	366,577,720.45	104,614,927.74	350.41%
MOUNT MAKILING RURAL BANK INC	965,919,952.04	278,630,039.74	346.67%
RB OF DULAG (LEYTE) INC	345,674,258.40	115,417,424.73	299.50%
TANAY RB INC	937,455,043.99	331,358,597.12	282.91%
COMMTY RB OF DAPITAN CITY INC	442,198,607.32	161,552,378.64	273.72%
BENGUET CENTER BANK INC A RB	191,548,767.50	70,284,882.93	272.53%
VILLAGE BANK INC (A RURAL BANK)	278,436,299.86	107,313,565.81	259.46%
RB OF CARDONA (RIZAL) INC	298,277,829.32	119,739,699.49	249.11%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,603,626,987.06	1,450,421,091.32	248.45%
UNITED COCONUT PLANTERS BANK	18,892,313,076.33	7,829,198,136.33	241.31%
RB OF MIDSAYAP INC	235,527,461.75	103,381,730.49	227.82%
RB OF PILAR (BATAAN) INC	337,338,984.22	152,706,485.36	220.91%
BANK OF CHINA LIMITED-MANILA BRANCH	19,418,011,848.98	10,072,962,874.79	192.77%
RANG-AY BANK INC (A RURAL BANK)	896,073,163.77	469,875,846.12	190.70%
YUANTA SAVINGS BANK PHILIPPINES INC	1,817,124,719.29	991,594,566.36	183.25%
RB OF GENERAL TRIAS INC	242,287,797.03	141,057,528.85	171.77%
RB OF SAN MATEO(ISABELA) INC	237,642,482.52	138,529,764.18	171.55%
RB OF BAMBANG (NUEVA VIZCAYA) INC	231,661,890.27	138,206,742.03	167.62%
AMA RURAL BANK OF MANDALUYONG INC	1,406,003,291.02	891,921,691.63	157.64%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	241,150,917.52	154,423,979.91	156.16%
RCBC SAVINGS BANK INC	23,361,062,622.95	15,154,113,922.64	154.16%
GRAND-AGRI RURAL BANK	89,264,540.89	58,527,467.81	152.52%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	557,926,263.09	368,211,887.04	151.52%
RB OF SAN LUIS (PAMPANGA) INC	169,791,281.12	112,892,106.41	150.40%
ENTERPRISE BANK INC (A THRIFT BANK)	614,529,364.80	416,558,371.02	147.53%
RB OF MARIA AURORA (AURORA) INC	321,352,013.84	238,942,441.99	134.49%
LUZON DEVELOPMENT BANK	934,164,004.10	735,120,909.19	127.08%
COMMON WEALTH RURAL BANK INC	161,737,784.25	134,316,764.09	120.42%
CHINA BANK SAVINGS INC	14,001,639,515.99	11,672,982,591.41	119.95%
EQUICOM SAVINGS BANK INC	1,229,477,116.28	1,032,700,546.10	119.05%
RB OF BAYOMBONG INC	208,500,222.30	180,621,948.11	115.43%
GATEWAY RURAL BANK INC	139,355,243.55	122,718,695.67	113.56%
RB OF SAN NARCISO INC	57,609,782.92	51,598,577.94	111.65%
PHIL BANK OF COMMUNICATIONS	14,076,985,661.05	12,724,060,977.65	110.63%
UCPB SAVINGS BANK	3,733,053,169.68	3,431,124,571.20	108.80%
GM BANK OF LUZON INC (A RURAL BANK)	526,054,165.25	495,670,348.90	106.13%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	441,756,111.36	421,692,152.80	104.76%
ASIA UNITED BANK CORPORATION	30,772,524,359.16	30,368,926,156.25	101.33%
CORDILLERA SAVINGS BANK INC	133,245,472.70	137,464,721.38	96.93%
ILOCOS CONSOLIDATED COOPERATIVE BANK	272,478,345.83	282,316,631.55	96.52%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	70,465,556.94	74,503,135.57	94.58%
BOF INC (A RURAL BANK)	594,420,491.26	636,921,968.52	93.33%
D' ASIAN HILLS BANK INC (A RURAL BANK)	167,374,297.45	182,667,273.01	91.63%
ENTREPRENEUR RB INC	82,978,988.44	92,511,237.84	89.70%
BATAAN DEVELOPMENT BANK	104,272,929.55	118,200,818.90	88.22%
RB OF MAGDALENA (LAGUNA) INC	111,841,123.56	129,674,268.10	86.25%
BANGKO MABUHAY (A RURAL BANK) INC	292,346,604.23	339,618,717.24	86.08%
LIBERTY BANK (A RURAL BANK) INC	64,466,565.80	76,850,630.93	83.89%
AGRIBUSINESS RURAL BANK INC	821,311,396.84	1,002,041,242.80	81.96%
RB OF MIAGAO (ILOILO) INC	88,335,698.56	108,272,092.04	81.59%
CONSOLIDATED COOPERATIVE BANK	444,429,861.24	546,401,183.10	81.34%
MAYBANK PHILIPPINES INCORPORATED	12,471,336,796.95	15,629,031,815.02	79.80%
PBCOM RURAL BANK INC	738,024,256.00	927,489,160.41	79.57%
RB OF ITOGON (BENGUET) INC	105,712,393.49	132,911,006.61	79.54%
LEGAZPI SAVINGS BANK INC	653,430,626.13	829,066,116.78	78.82%
MT CARMEL RURAL BANK INC	284,605,757.35	364,113,753.23	78.16%
BDO PRIVATE BANK, INC.	4,162,033,554.29	5,447,616,795.43	76.40%
PRODUCERS SAVINGS BANK CORPORATION	1,772,752,523.92	2,321,314,733.54	76.37%
NEW RB OF SAN LEONARDO(N.E.) INC	188,379,253.29	250,454,948.80	75.21%
ALIAGA FARMERS RURAL BANK INC	135,985,614.34	186,124,474.85	73.06%
DUMAGUETE CITY DEV BANK INC	240,786,964.65	332,628,399.87	72.39%
PHIL STAR DEVELOPMENT BANK INC	79,869,513.78	110,492,220.27	72.29%
CANTILAN BANK INC (A RURAL BANK)	426,708,259.29	596,102,436.60	71.58%
CITY SAVINGS BANK INC	11,289,583,556.28	16,056,946,319.69	70.31%
SUGBUANON RB INC	79,171,152.12	113,285,345.58	69.89%
COOPERATIVE BANK OF NUEVA VIZCAYA	74,221,923.62	106,266,823.22	69.84%
EAST WEST BANKING CORP	34,187,594,433.12	49,150,232,158.42	69.56%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,490,893,504.75	3,604,745,737.14	69.10%
PHIL SAVINGS BANK	24,370,090,242.12	35,267,890,986.65	69.10%
PNB SAVINGS BANK	8,621,149,164.27	12,580,229,080.51	68.53%
RNG COASTAL BANK INC(A RURAL BANK)	117,258,362.11	173,280,870.87	67.67%
GOLDEN RURAL BANK OF THE PHILIPPINES INC	51,473,103.62	76,590,243.22	67.21%
RB OF MABALACAT INC	67,457,059.43	102,651,372.66	65.71%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	377,857,003.01	591,938,063.50	63.83%
COOPERATIVE BANK OF BOHOL	71,281,503.41	111,888,516.89	63.71%
BPI DIRECT BANKO INC A SAVINGS BANK	1,992,445,538.91	3,130,484,252.98	63.65%
INSULAR SAVERS BANK INC (A RURAL BANK)	494,271,542.62	780,916,599.89	63.29%
SOUTH BANK (A RURAL BANK) INC	56,742,913.40	89,783,878.79	63.20%
MVSM BANK (A RURAL BANK SINCE 1953) INC	99,942,984.26	160,299,337.27	62.35%
MINDANAO CONSOLIDATED COOPERATIVE BANK	272,883,334.08	439,887,873.62	62.03%
FILIDIAN RURAL BANK OF ANTIPOLO INC	93,372,771.90	153,486,975.62	60.83%
STANDARD CHARTERED BANK	5,373,424,481.02	8,846,957,356.67	60.74%
COOP BANK OF PALAWAN	139,425,829.79	231,701,595.85	60.17%
MALARAYAT RB INC	120,479,758.55	200,280,873.17	60.16%
UNIVERSITY SAVINGS BANK INC	269,700,738.05	459,411,518.53	58.71%
RB OF POZORRUBIO INC	26,375,985.17	45,908,824.77	57.45%
BANGKOK BANK PUBLIC CO LTD	2,966,594,387.27	5,190,893,397.00	57.15%
RB OF GATTARAN (CAGAYAN) INC	57,627,930.02	102,340,394.64	56.31%
CITIBANK, N.A.	9,628,482,067.38	17,116,379,126.45	56.25%
PANGASINAN BANK (A RB) INC	48,959,028.81	87,138,410.18	56.19%
RB OF LEBAK (SULTAN KUDARAT) INC	69,977,544.14	125,567,323.31	55.73%
HIGHLAND RURAL BANK INC	90,219,323.82	162,069,267.73	55.67%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	122,109,730.04	220,507,608.17	55.38%
RB OF SAN PASCUAL(OBANDO BULACAN)INC	41,650,378.26	78,609,299.96	52.98%
CAMALIG BANK INC (A RURAL BANK)	170,381,950.51	323,772,346.89	52.62%
HONGKONG & SHANGHAI BANKING CORP	8,210,686,020.99	15,838,450,171.78	51.84%
HIYAS BANKING CORPORATION	108,703,175.81	209,773,291.17	51.82%
BALANGA RURAL BANK, INC.	43,805,419.91	84,673,174.79	51.73%
FIRST TAGUM RURAL BANK INC	171,084,275.78	332,382,590.44	51.47%
RB OF PORAC (PAMPANGA) INC	167,091,527.09	325,635,347.77	51.31%
COMMTY RB OF CATMON (CEBU) INC	74,244,723.38	145,710,626.88	50.95%
MARITIME SAVINGS BANK CORPORATION	30,954,958.31	61,041,130.40	50.71%
RB OF DUMANGAS INC	51,733,791.85	103,360,851.75	50.05%
DEUTSCHE BANK AG	1,168,267,614.63	2,396,352,191.68	48.75%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	89,744,900.36	184,618,642.56	48.61%
ASPAC RURAL BANK INC	168,478,729.90	346,791,398.17	48.58%
BANCO MEXICO INC (A RURAL BANK)	28,650,530.03	59,355,875.50	48.27%
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	3,840,053,714.85	8,089,401,980.22	47.47%
RB OF MARAGONDON INC	36,815,105.40	77,690,424.53	47.39%
RB OF ALABEL (SARANGANI) INC	51,725,075.53	111,465,229.10	46.40%
RB OF SAN AGUSTIN (ISABELA) INC	26,679,343.46	58,169,989.90	45.86%
RB OF BAGABAG (N.V.)INC	83,144,423.77	182,147,954.52	45.65%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	249,750,974.35	548,008,895.03	45.57%
MALLIG PLAINS RURAL BANK (ISABELA) INC	61,925,192.52	136,530,141.09	45.36%
CITYSTATE SAVINGS BANK INC	316,176,211.54	699,825,126.10	45.18%
WEALTH DEVELOPMENT BANK CORPORATION	736,941,285.86	1,645,644,210.64	44.78%
UNION BANK OF THE PHILS	38,969,935,864.31	89,214,930,602.98	43.68%
BANK OF MAKATI (A SAVINGS BANK) INC	4,890,044,504.71	11,205,272,419.06	43.64%
BANKWAYS INC (A RURAL BANK)	116,170,606.27	266,417,099.11	43.60%
PAMPANGA DEVELOPMENT BANK	123,825,534.01	285,573,747.83	43.36%
RB OF ANGELES INC	269,851,490.94	629,240,363.97	42.89%
BPI FAMILY SAVINGS BANK INC	16,573,362,190.71	38,861,155,465.41	42.65%
DEVELOPMENT BANK OF THE PHIL	25,801,177,368.47	61,874,735,961.78	41.70%
FARMERS SAVINGS & LOAN BANK INC	65,207,794.35	157,860,590.95	41.31%
COOP BANK OF QUEZON PROVINCE	52,015,263.32	128,707,434.21	40.41%
PHIL NATIONAL BANK	55,605,626,144.36	137,813,567,606.80	40.35%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	57,038,170.52	141,688,066.42	40.26%
BANK ONE SAVINGS CORPORATION	256,254,263.06	659,011,860.35	38.88%
BHF RURAL BANK INC	131,529,094.26	338,561,087.96	38.85%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	53,363,568.03	137,712,757.55	38.75%
1ST VALLEY BANK INC A DEVELOPMENT BANK	892,052,204.44	2,308,256,841.23	38.65%
GUAGUA RURAL BANK INC	426,682,156.60	1,162,682,583.95	36.70%
EAST WEST RURAL BANK INC	1,573,635,731.21	4,310,407,604.52	36.51%
BANK OF COMMERCE	6,511,420,160.63	18,044,806,357.09	36.08%
METRO SOUTH COOP BANK	352,131,722.75	980,288,350.16	35.92%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	86,443,080.93	241,396,604.12	35.81%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	4,442,867,700.19	12,439,924,684.14	35.71%
CHINA BANKING CORP	30,180,270,806.33	85,200,163,035.21	35.42%
SUMMIT BANK (RB OF TUBLAY INC)	137,778,132.44	389,608,560.92	35.36%
RURAL BANK OF SAN ANTONIO INC	56,957,761.86	161,426,927.72	35.28%
CEBUANA LHUILLIER RB INC	55,615,062.76	160,094,631.70	34.74%
RB OF PARACALE(CAMARINES NORTE) INC	37,678,040.38	111,382,451.31	33.83%
ALLBANK (A THRIFT BANK) INC	371,473,554.34	1,111,732,823.92	33.41%
SUN SAVINGS BANK INC	103,239,088.80	312,806,264.05	33.00%
MIZUHO BANK LTD - MANILA BRANCH	1,938,450,219.74	5,914,791,487.34	32.77%
COOP BANK OF COTABATO	239,188,237.26	741,250,728.35	32.27%
LIFE SAVINGS BANK INC	24,746,926.66	77,384,209.92	31.98%
RB OF GUINOBATAN INC	39,997,429.96	126,685,656.46	31.57%
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	25,765,355.62	82,194,639.82	31.35%
RB OF BAY INC	21,636,367.50	69,057,361.37	31.33%
KATIPUNAN BANK INC "A RURAL BANK"	162,490,335.73	529,441,754.98	30.69%
PHIL TRUST COMPANY	7,933,517,734.05	26,146,818,307.71	30.34%
QUEZON CAPITAL RB INC	120,312,566.55	396,902,024.59	30.31%
RB OF SOLANO (NUEVA VIZCAYA) INC	66,711,936.62	221,356,931.04	30.14%
RB OF DIGOS INC	67,455,598.76	225,000,071.66	29.98%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	51,404,222.67	172,046,632.60	29.88%
RIZAL COMM'L BANKING CORP	25,500,563,559.88	85,470,439,108.37	29.84%
CARD SME BANK INC A THRIFT BANK	389,846,844.71	1,331,836,797.92	29.27%
IMUS RURAL BANK INC	63,632,621.26	218,256,350.79	29.15%
ZAMBALES RURAL BANK INC	51,447,292.74	177,322,350.28	29.01%
NORTHPOINT DEV'T BANK INC	131,236,554.54	457,496,311.53	28.69%
FIRST ISABELA COOP BANK (FICOBANK)	280,718,955.05	980,867,373.21	28.62%
MARAYO BANK INC (A RURAL BANK)	200,813,020.77	704,274,023.68	28.51%
STA MARIA RURAL BANK INC	23,217,001.11	82,529,050.40	28.13%
RB OF CAUAYAN INC	75,272,975.00	270,907,379.62	27.79%
LAND BANK OF THE PHILIPPINES	37,366,363,527.20	135,325,758,615.41	27.61%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	188,700,276.36	685,637,183.07	27.52%
METROPOLITAN BANK & TCO	82,587,807,107.21	300,682,620,397.40	27.47%
SECURED BANK INC (A RB)	36,862,518.09	136,953,488.47	26.92%
RB OF PILAR (SORSOGON) INC	24,527,703.32	91,497,814.75	26.81%
RB OF TANGUB CITY (MIS OCC) INC	32,955,982.02	123,419,793.64	26.70%
MANOR BANK - A RURAL BANK CORP	30,235,128.02	116,814,079.81	25.88%
FIRST CONSOLIDATED BANK INC (A PDB)	1,383,911,128.71	5,366,337,905.94	25.79%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	225,777,378.87	877,602,218.51	25.73%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	1,104,593,061.56	4,332,248,668.37	25.50%
ROBINSONS BANK CORPORATION	4,363,064,360.87	17,214,406,368.00	25.35%
BANGKO MONTANOSA INC (A RURAL BANK)	28,492,507.77	114,379,348.21	24.91%
BDO UNIBANK INC	88,428,521,564.24	364,817,443,178.36	24.24%
RB OF ROSARIO (LA UNION) INC	15,550,639.20	66,597,790.42	23.35%
QUEZON COCONUT BANK INC (A THRIFT BANK)	13,543,652.34	58,319,772.81	23.22%
CENTURY RURAL BANK INC	18,933,747.10	82,250,485.27	23.02%
SECURITY BANK CORP	26,120,734,399.33	114,628,845,206.45	22.79%
CTBC BANK (PHILIPPINES) CORP	1,867,728,362.45	8,283,297,751.74	22.55%
HSBC SAVINGS BANK(PHILS) INC	392,271,895.65	1,768,961,397.29	22.18%
BANK OF THE PHIL ISLANDS	55,987,705,320.35	263,418,851,325.43	21.25%
JP MORGAN CHASE BANK NATIONAL ASSN.	558,435,013.83	2,706,099,000.00	20.64%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	34,450,559.45	168,600,350.60	20.43%
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	127,214,702.19	629,146,504.68	20.22%
CARD BANK INC (A MF RB)	721,070,009.99	3,571,236,438.14	20.19%
RB OF POLA (ORIENTAL MINDORO) INC	64,590,962.10	326,284,603.92	19.80%
NATIONAL TEACHERS & EMP. COOP BANK	26,242,681.31	134,723,664.75	19.48%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	32,211,834.81	169,341,998.82	19.02%
RB OF MONTALBAN INC	11,991,367.67	64,003,379.56	18.74%
MEGA INT'L COMM'L BANK CO LTD	676,135,500.42	3,628,032,485.48	18.64%
RB OF ANTIPOLO INC	22,576,560.28	121,267,664.54	18.62%
RBT BANK INC A RURAL BANK	34,566,620.32	195,590,035.67	17.67%
PACIFIC ACE SAVINGS BANK INC	14,505,597.47	84,179,592.65	17.23%
GUAGUA SAVERS BANK(A RB) INC	13,999,474.25	83,875,463.42	16.69%
LIFEBANK- A RURAL BANK	45,295,584.10	287,004,674.50	15.78%
ING BANK N.V.	406,355,695.38	2,629,866,120.79	15.45%
CAVITE UNITED RURAL BANK CORP	65,662,148.44	428,706,702.37	15.32%
CENTURY SAVINGS BANK CORPORATION	135,195,792.93	995,218,412.60	13.58%
RB OF BARILI (CEBU) INC	54,663,325.04	402,922,692.10	13.57%
RB OF PANDI (BULACAN) INC	34,208,542.21	261,785,685.46	13.07%
RB OF STA IGNACIA INC	16,073,593.14	129,105,109.81	12.45%
METRO CEBU PUBLIC SAVINGS BANK	10,729,003.94	97,374,978.17	11.02%
LEMERY SAVINGS & LOAN BANK, INC.	9,427,126.30	91,289,897.49	10.33%
RB OF GLORIA (OR MIN) INC	5,402,977.96	100,445,655.48	5.38%
ISLA BANK(A THRIFT BANK) INC	34,106,146.57	763,882,291.07	4.46%
INNOVATIVE BANK INC (A RURAL BANK)	14,218,566.17	360,541,097.28	3.94%
CIMB BANK PHILIPPINES INC	101,519,920.95	3,185,393,815.71	3.19%
MUFG BANK, LTD.	148,142,874.52	4,967,280,425.75	2.98%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA	99,566,216.41	3,979,221,706.00	2.50%
KEB HANA BANK - MANILA BRANCH	73,150,266.12	3,222,342,824.15	2.27%
BANK OF AMERICA N.A.	43,398,478.76	2,104,462,104.25	2.06%
SHINHAN BANK - MANILA BRANCH	30,627,286.08	4,242,466,409.48	0.72%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	13,004,573.05	2,106,396,419.86	0.62%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	68,677,723.27	13,018,551,099.27	0.53%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	12,348,644.90	2,386,665,044.24	0.52%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	8,387,099.45	2,030,837,132.34	0.41%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	20,433,104.59	5,280,258,381.22	0.39%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	6,542,787.61	2,157,141,783.00	0.30%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	9,567,605.64	3,977,221,818.38	0.24%
VALIANT BANK INC (A RURAL BANK)	NA	NA	NA
BUSINESS AND CONSUMERS BANK (A DB)	NA	NA	NA
COOP BANK OF BENGUET (CBB)	NA	NA	NA
LAGAWE HIGHLANDS RB INC	NA	NA	NA
MERCHANTS SAVINGS & LOAN ASSN INC	NA	NA	NA
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	NA	NA	NA
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	NA	NA	NA
RB OF DOLORES (QUEZON) INC	NA	NA	NA
RBG IMPERIAL BANK INC(A RURAL BANK)	NA	NA	NA
Grand Total	818,881,103,892.27	2,202,784,701,012.42	37.17%

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 March 31, 2019 and June 30, 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.