An 80% Minimum NPL Coverage Ratio will Result in a Severe Undercapitalization of Some Philippine Banks - June 30, 2019

Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some Philippine banks that could eat into a substantial chunk (30% or more) of their Stockholder's Equity.  Based on the table below, nine banks will be severely affected:

 

Philippine Banking System
Impact on SE of Minimum Loan Loss Provisions
June 30, 2019
Bank	Minimum Loan Loss Provisions at 80% NPL Coverage Ratio	Actual Loan Loss Provisions	Excess/Deficit Loan Loss Provisions	Stockholder's Equity	Impact on SE
GRAND-AGRI RURAL BANK	65,879,388.18	10,988,170.55	-54,891,217.63	51,293,303.84	-107.01%
ENTERPRISE BANK INC (A THRIFT BANK)	343,267,349.53	189,912,010.92	-153,355,338.61	236,439,885.02	-64.86%
UCPB SAVINGS BANK	2,356,836,422.09	639,477,443.05	-1,717,358,979.04	2,829,144,067.88	-60.70%
LUZON DEVELOPMENT BANK	456,915,642.79	242,241,207.57	-214,674,435.22	512,876,537.84	-41.86%
PNB SAVINGS BANK	6,059,574,132.19	1,769,122,416.33	-4,290,451,715.86	10,889,122,827.88	-39.40%
EQUICOM SAVINGS BANK INC	618,795,383.81	348,421,359.20	-270,374,024.61	746,987,410.00	-36.20%
GOLDEN RURAL BANK OF THE PHILIPPINES INC	33,525,941.54	9,836,289.69	-23,689,651.85	68,197,348.96	-34.74%
BENGUET CENTER BANK INC A RB	32,986,786.36	12,466,080.95	-20,520,705.41	59,880,885.53	-34.27%
RB OF CARDONA (RIZAL) INC	81,213,593.62	46,143,662.75	-35,069,930.87	108,798,684.45	-32.23%
AGRIBUSINESS RURAL BANK INC	465,288,304.94	203,113,649.26	-262,174,655.68	813,401,748.67	-32.23%
ENTREPRENEUR RB INC	44,394,155.27	26,455,011.30	-17,939,143.97	60,976,886.82	-29.42%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	347,114,875.18	306,682,396.53	-40,432,478.65	144,330,278.43	-28.01%
AMA RURAL BANK OF MANDALUYONG INC	432,314,331.10	154,372,964.62	-277,941,366.48	1,043,395,314.00	-26.64%
SAVIOUR RURAL BANK INC	43,834,017.42	20,638,792.82	-23,195,224.60	88,686,151.72	-26.15%
NEW RB OF SAN LEONARDO(N.E.) INC	77,611,192.83	27,246,834.76	-50,364,358.07	230,793,286.44	-21.82%
RB OF ALABEL (SARANGANI) INC	37,070,286.01	15,347,625.97	-21,722,660.04	100,681,980.87	-21.58%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	1,333,434,660.19	739,945,621.16	-593,489,039.03	2,841,797,707.79	-20.88%
RB OF MIAGAO (ILOILO) INC	35,935,302.47	17,298,952.02	-18,636,350.45	92,978,629.54	-20.04%
MARITIME SAVINGS BANK CORPORATION	16,842,273.82	6,948,645.24	-9,893,628.58	52,853,765.35	-18.72%
PANGASINAN BANK (A RB) INC	28,934,427.01	16,703,078.52	-12,231,348.49	66,661,943.08	-18.35%
COOP BANK OF CAGAYAN	65,347,732.96	54,711,697.28	-10,636,035.68	61,598,762.58	-17.27%
VILLAGE BANK INC (A RURAL BANK)	48,424,510.16	37,762,487.79	-10,662,022.37	71,321,039.95	-14.95%
RANG-AY BANK INC (A RURAL BANK)	126,719,773.53	50,981,947.38	-75,737,826.15	540,854,536.83	-14.00%
BALANGA RURAL BANK, INC.	23,027,638.58	14,352,361.97	-8,675,276.61	64,211,221.49	-13.51%
GM BANK OF LUZON INC (A RURAL BANK)	207,469,347.98	151,407,764.89	-56,061,583.09	416,080,722.06	-13.47%
EAST WEST RURAL BANK INC	801,677,130.11	290,258,714.33	-511,418,415.78	4,080,905,463.28	-12.53%
RB OF PORAC (PAMPANGA) INC	87,558,980.90	52,167,484.25	-35,391,496.65	298,697,672.70	-11.85%
UNITED COCONUT PLANTERS BANK	5,320,427,157.17	3,333,810,601.15	-1,986,616,556.02	17,171,220,379.89	-11.57%
RCBC SAVINGS BANK INC	3,381,349,530.97	1,813,544,263.04	-1,567,805,267.93	13,787,394,712.41	-11.37%
SUGBUANON RB INC	29,660,253.74	15,069,900.69	-14,590,353.05	128,449,699.90	-11.36%
PAMPANGA DEVELOPMENT BANK	63,345,338.27	35,511,952.91	-27,833,385.36	252,267,915.64	-11.03%
1ST VALLEY BANK INC A DEVELOPMENT BANK	464,839,617.34	221,124,450.97	-243,715,166.37	2,214,889,163.61	-11.00%
BPI FAMILY SAVINGS BANK INC	9,312,047,851.65	5,887,647,288.45	-3,424,400,563.20	34,690,931,266.07	-9.87%
CHINA BANK SAVINGS INC	2,906,010,745.74	1,961,558,377.60	-944,452,368.14	9,827,417,202.40	-9.61%
ALIAGA FARMERS RURAL BANK INC	103,614,621.17	94,909,339.06	-8,705,282.11	91,215,135.79	-9.54%
METRO SOUTH COOP BANK	277,538,833.96	203,184,510.32	-74,354,323.64	780,561,546.78	-9.53%
MVSM BANK (A RURAL BANK SINCE 1953) INC	37,335,068.53	19,854,217.30	-17,480,851.23	186,133,161.13	-9.39%
CITY SAVINGS BANK INC	2,990,641,570.14	1,541,200,332.64	-1,449,441,237.50	15,435,865,205.90	-9.39%
BANGKO MABUHAY (A RURAL BANK) INC	75,844,262.94	46,780,009.94	-29,064,253.00	313,359,081.93	-9.28%
CITYSTATE SAVINGS BANK INC	111,229,496.52	52,238,312.19	-58,991,184.33	667,258,312.52	-8.84%
WEALTH DEVELOPMENT BANK CORPORATION	293,715,023.01	162,085,067.38	-131,629,955.63	1,490,035,237.19	-8.83%
RB OF BAY INC	14,706,750.67	9,025,338.02	-5,681,412.65	65,252,866.78	-8.71%
COMMON WEALTH RURAL BANK INC	34,409,053.43	22,063,712.64	-12,345,340.79	160,939,081.50	-7.67%
RB OF GENERAL TRIAS INC	30,145,684.49	20,935,313.22	-9,210,371.27	126,496,163.80	-7.28%
PRODUCERS SAVINGS BANK CORPORATION	388,208,011.74	255,014,952.37	-133,193,059.37	2,149,101,764.27	-6.20%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	61,943,260.39	56,051,192.21	-5,892,068.18	99,539,195.89	-5.92%
FIRST ISABELA COOP BANK (FICOBANK)	137,211,584.54	82,182,634.21	-55,028,950.33	1,016,467,596.91	-5.41%
BATAAN DEVELOPMENT BANK	28,600,606.93	23,074,579.11	-5,526,027.82	102,392,634.26	-5.40%
MALLIG PLAINS RURAL BANK (ISABELA) INC	21,016,257.86	14,587,698.52	-6,428,559.34	124,857,438.82	-5.15%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	45,001,259.09	16,580,775.36	-28,420,483.73	554,719,642.27	-5.12%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	56,522,811.76	38,331,239.64	-18,191,572.12	363,225,381.11	-5.01%
LIBERTY BANK (A RURAL BANK) INC	29,397,466.86	27,674,666.92	-1,722,799.94	34,739,139.51	-4.96%
RB OF SOLANO (NUEVA VIZCAYA) INC	30,820,791.06	20,719,723.92	-10,101,067.14	215,967,222.92	-4.68%
EAST WEST BANKING CORP	8,366,269,368.53	6,309,952,786.96	-2,056,316,581.57	45,533,796,001.87	-4.52%
PHIL SAVINGS BANK	4,959,379,617.43	3,538,355,930.94	-1,421,023,686.49	32,486,597,994.08	-4.37%
QUEZON CAPITAL RB INC	63,343,719.19	47,703,204.38	-15,640,514.81	361,842,244.63	-4.32%
BANGKO MONTANOSA INC (A RURAL BANK)	18,352,776.25	13,646,503.31	-4,706,272.94	109,675,662.31	-4.29%
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	19,587,605.30	16,651,161.87	-2,936,443.43	69,265,334.44	-4.24%
RB OF MARIA AURORA (AURORA) INC	42,078,212.80	32,810,056.15	-9,268,156.65	219,614,925.41	-4.22%
RB OF PILAR (BATAAN) INC	28,149,827.51	22,121,654.11	-6,028,173.40	144,071,292.76	-4.18%
PACIFIC ACE SAVINGS BANK INC	8,436,983.20	4,960,057.63	-3,476,925.57	85,505,610.97	-4.07%
RB OF DUMANGAS INC	21,848,439.49	18,139,999.87	-3,708,439.62	92,235,654.65	-4.02%
RB OF CAUAYAN INC	37,126,674.47	27,102,716.20	-10,023,958.27	250,150,193.49	-4.01%
GUAGUA RURAL BANK INC	196,402,174.64	152,991,978.60	-43,410,196.04	1,089,443,122.79	-3.98%
BOF INC (A RURAL BANK)	99,718,754.96	77,658,062.03	-22,060,692.93	599,060,854.08	-3.68%
BANK OF MAKATI (A SAVINGS BANK) INC	2,007,192,640.85	1,627,356,328.06	-379,836,312.79	10,891,025,372.53	-3.49%
MOUNT MAKILING RURAL BANK INC	38,142,675.91	26,790,655.44	-11,352,020.47	330,450,205.37	-3.44%
RB OF POLA (ORIENTAL MINDORO) INC	42,354,340.26	32,098,210.45	-10,256,129.81	302,927,822.79	-3.39%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	44,168,744.69	37,993,630.64	-6,175,114.05	191,317,803.92	-3.23%
FIRST CONSOLIDATED BANK INC (A PDB)	765,574,174.34	620,206,490.20	-145,367,684.14	5,051,337,086.37	-2.88%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	1,442,652,007.82	1,105,993,060.15	-336,658,947.67	12,049,409,948.08	-2.79%
MALARAYAT RB INC	30,818,674.99	25,826,737.95	-4,991,937.04	183,493,066.63	-2.72%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	9,072,266.99	7,472,157.55	-1,600,109.44	68,163,057.33	-2.35%
MALAYAN BANK SAVINGS AND MORT BANK INC	203,621,326.35	173,740,168.17	-29,881,158.18	1,303,698,702.97	-2.29%
INSULAR SAVERS BANK INC (A RURAL BANK)	111,982,032.17	96,559,419.80	-15,422,612.37	694,346,727.63	-2.22%
CAMALIG BANK INC (A RURAL BANK)	40,635,210.79	34,116,554.88	-6,518,655.91	299,760,893.72	-2.17%
RB OF SAN LUIS (PAMPANGA) INC	14,199,709.54	12,049,937.14	-2,149,772.40	105,047,787.96	-2.05%
CEBUANA LHUILLIER RB INC	18,001,265.72	14,986,797.78	-3,014,467.94	152,827,846.63	-1.97%
STANDARD CHARTERED BANK	2,073,947,273.39	1,944,775,206.20	-129,172,067.19	7,093,858,751.58	-1.82%
RB OF ITOGON (BENGUET) INC	25,511,312.21	23,724,023.50	-1,787,288.71	109,399,502.51	-1.63%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	17,798,310.83	15,250,254.73	-2,548,056.10	160,894,869.81	-1.58%
QUEZON COCONUT BANK INC (A THRIFT BANK)	2,156,578.18	1,284,232.61	-872,345.57	58,816,877.07	-1.48%
CAVITE UNITED RURAL BANK CORP	49,942,588.40	43,724,621.72	-6,217,966.68	429,812,703.33	-1.45%
RB OF SAN NARCISO INC	15,943,891.68	15,366,709.77	-577,181.91	41,589,767.43	-1.39%
LIFE SAVINGS BANK INC	6,324,924.61	5,424,695.67	-900,228.94	74,235,847.98	-1.21%
UNION BANK OF THE PHILS	7,626,256,466.48	6,681,249,241.73	-945,007,224.75	86,235,046,853.40	-1.10%
SUMMIT BANK (RB OF TUBLAY INC)	104,874,482.32	101,519,240.65	-3,355,241.67	315,183,969.81	-1.06%
ALLBANK (A THRIFT BANK) INC	60,689,134.10	49,596,511.42	-11,092,622.68	1,075,323,525.47	-1.03%
RIZAL COMM'L BANKING CORP	6,661,511,798.46	5,800,130,498.38	-861,381,300.08	83,680,823,884.26	-1.03%
ASIA UNITED BANK CORPORATION	2,104,963,102.87	1,818,695,561.82	-286,267,541.05	31,448,064,524.10	-0.91%
RB OF BAGABAG (N.V.)INC	49,674,622.87	48,525,941.84	-1,148,681.03	144,981,718.29	-0.79%
LEMERY SAVINGS & LOAN BANK, INC.	3,177,186.50	2,596,522.43	-580,664.07	90,846,070.07	-0.64%
HIYAS BANKING CORPORATION	24,130,060.74	23,077,032.77	-1,053,027.97	186,924,919.42	-0.56%
RB OF SAN PASCUAL(OBANDO BULACAN)INC	21,466,896.54	21,256,011.54	-210,885.00	61,089,008.22	-0.35%
RB OF BAYOMBONG INC	12,183,220.06	11,818,625.58	-364,594.48	166,295,788.50	-0.22%
DUMAGUETE CITY DEV BANK INC	19,556,133.68	19,299,237.59	-256,896.09	319,492,675.29	-0.08%
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	68,434,778.79	68,054,923.05	-379,855.74	590,614,709.89	-0.06%
COOPERATIVE BANK OF NUEVA VIZCAYA	27,801,843.91	27,785,450.80	-16,393.11	95,830,478.50	-0.02%
SOUTH BANK (A RURAL BANK) INC	32,819,160.41	32,813,045.36	-6,115.05	81,845,431.11	-0.01%
CIMB BANK PHILIPPINES INC	0.00	234,440.71	234,440.71	3,081,751,835.45	0.01%
PHIL BANK OF COMMUNICATIONS	2,186,063,418.54	2,188,709,127.49	2,645,708.95	12,972,301,899.38	0.02%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA	0.00	3,451,706.00	3,451,706.00	3,871,558,525.46	0.09%
BDO PRIVATE BANK, INC.	0.00	5,792,084.53	5,792,084.53	6,126,217,932.30	0.09%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	0.00	16,701,846.45	16,701,846.45	12,932,019,408.40	0.13%
NATIONAL TEACHERS & EMP. COOP BANK	19,865,717.60	20,103,328.18	237,610.58	118,126,724.98	0.20%
IMUS RURAL BANK INC	9,827,264.64	10,262,966.38	435,701.74	208,046,033.99	0.21%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	0.00	6,396,419.86	6,396,419.86	2,089,715,578.06	0.31%
BANK OF AMERICA N.A.	0.00	8,400,899.05	8,400,899.05	2,229,477,300.67	0.38%
FIRST TAGUM RURAL BANK INC	62,541,981.37	63,673,458.35	1,131,476.98	296,285,235.41	0.38%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	0.00	9,368,838.18	9,368,838.18	2,049,177,521.31	0.46%
ING BANK N.V.	83.58	13,866,120.79	13,866,037.21	2,895,838,686.24	0.48%
JP MORGAN CHASE BANK NATIONAL ASSN.	0.00	16,000,000.00	16,000,000.00	3,286,339,778.41	0.49%
MINDANAO CONSOLIDATED COOPERATIVE BANK	146,812,124.62	148,353,206.17	1,541,081.55	299,165,495.67	0.52%
ISLA BANK(A THRIFT BANK) INC	0.00	4,290,580.33	4,290,580.33	767,242,642.38	0.56%
ROBINSONS BANK CORPORATION	733,152,341.52	824,968,256.24	91,815,914.72	16,273,341,309.97	0.56%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	0.00	12,812,500.00	12,812,500.00	2,167,163,880.19	0.59%
INNOVATIVE BANK INC (A RURAL BANK)	1,917,701.68	4,105,914.14	2,188,212.46	361,564,858.23	0.61%
PHIL STAR DEVELOPMENT BANK INC	9,408,234.62	10,259,216.38	850,981.76	131,860,137.56	0.65%
BANK ONE SAVINGS CORPORATION	39,936,008.80	44,360,195.39	4,424,186.59	637,318,637.97	0.69%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	0.00	38,777,318.61	38,777,318.61	5,297,873,767.95	0.73%
COOP BANK OF PALAWAN	101,973,109.26	103,374,530.16	1,401,420.90	186,474,893.31	0.75%
FARMERS SAVINGS & LOAN BANK INC	26,955,505.70	27,933,377.97	977,872.27	129,746,331.00	0.75%
RB OF POZORRUBIO INC	16,680,613.17	16,919,283.54	238,670.37	29,939,187.06	0.80%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	0.00	19,323,128.92	19,323,128.92	2,411,850,446.92	0.80%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	11,624,277.68	13,556,709.28	1,932,431.60	232,771,801.05	0.83%
SUN SAVINGS BANK INC	20,421,237.76	23,027,190.27	2,605,952.51	311,082,284.64	0.84%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	0.00	39,041,785.78	39,041,785.78	4,478,376,410.26	0.87%
COOPERATIVE BANK OF BOHOL	40,549,505.22	41,254,828.17	705,322.95	75,008,385.65	0.94%
INTER-ASIA DEVELOPMENT BANK	7,253,112.80	8,123,012.62	869,899.82	88,432,443.04	0.98%
SHINHAN BANK - MANILA BRANCH	0.00	42,466,409.48	42,466,409.48	4,274,078,445.43	0.99%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	0.00	41,751,818.38	41,751,818.38	4,050,701,007.42	1.03%
CENTURY SAVINGS BANK CORPORATION	9,032,742.98	19,537,665.62	10,504,922.64	997,246,312.37	1.05%
RB OF MIDSAYAP INC	9,916,984.75	10,975,443.18	1,058,458.43	97,981,750.91	1.08%
CARD BANK INC (A MF RB)	205,997,170.99	254,919,448.92	48,922,277.93	4,050,221,817.90	1.21%
HIGHLAND RURAL BANK INC	17,862,497.36	19,849,937.35	1,987,439.99	154,798,648.16	1.28%
DEVELOPMENT BANK OF THE PHIL	7,050,568,895.29	7,789,647,334.24	739,078,438.95	56,546,915,720.01	1.31%
GUAGUA SAVERS BANK(A RB) INC	9,462,886.47	10,460,371.42	997,484.95	75,364,701.37	1.32%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	65,557,978.38	78,953,123.18	13,395,144.80	952,775,155.83	1.41%
MANOR BANK - A RURAL BANK CORP	4,751,536.87	6,438,338.05	1,686,801.18	112,479,186.02	1.50%
RB OF DIGOS INC	27,506,266.65	30,817,528.59	3,311,261.94	208,477,156.74	1.59%
RB OF PANDI (BULACAN) INC	13,507,974.99	17,567,682.83	4,059,707.84	251,690,398.78	1.61%
YUANTA SAVINGS BANK PHILIPPINES INC	84,589,201.46	98,900,351.89	14,311,150.43	869,302,943.31	1.65%
BHF RURAL BANK INC	21,713,813.49	27,708,377.08	5,994,563.59	330,080,085.83	1.82%
SECURITY BANK CORP	3,525,309,136.38	5,649,169,460.11	2,123,860,323.73	114,724,852,344.99	1.85%
FILIDIAN RURAL BANK OF ANTIPOLO INC	6,331,028.44	9,096,354.91	2,765,326.47	147,394,968.21	1.88%
BANK OF CHINA LIMITED-MANILA BRANCH	0.00	193,289,274.82	193,289,274.82	10,156,980,937.91	1.90%
HSBC SAVINGS BANK(PHILS) INC	19,941,762.12	54,792,689.82	34,850,927.70	1,758,698,414.66	1.98%
RB OF GLORIA (OR MIN) INC	1,480,657.88	3,527,808.33	2,047,150.45	101,212,352.99	2.02%
LAND BANK OF THE PHILIPPINES	14,530,353,544.19	17,472,306,606.63	2,941,953,062.44	141,860,668,122.77	2.07%
KEB HANA BANK - MANILA BRANCH	18,440,164.77	88,242,824.15	69,802,659.38	3,340,379,099.57	2.09%
UNIVERSITY SAVINGS BANK INC	23,988,511.78	33,806,861.19	9,818,349.41	437,594,793.82	2.24%
RB OF MAGDALENA (LAGUNA) INC	30,726,883.15	32,999,868.45	2,272,985.30	101,088,334.66	2.25%
STA MARIA RURAL BANK INC	3,514,372.46	5,408,692.40	1,894,319.94	78,236,658.00	2.42%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	31,084,184.10	34,956,430.56	3,872,246.46	157,619,131.53	2.46%
BDO UNIBANK INC	16,667,126,911.69	25,414,757,917.31	8,747,631,005.62	349,305,433,097.85	2.50%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	2,495,746.02	20,137,074.55	17,641,328.53	675,615,974.27	2.61%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	33,183,560.36	37,833,357.14	4,649,796.78	177,969,055.28	2.61%
SECURED BANK INC (A RB)	17,098,562.28	20,729,485.55	3,630,923.27	128,511,125.82	2.83%
LIFEBANK- A RURAL BANK	10,827,378.10	19,747,668.50	8,920,290.40	311,713,042.82	2.86%
CORDILLERA SAVINGS BANK INC	10,610,825.43	14,379,069.48	3,768,244.05	126,160,778.89	2.99%
METROPOLITAN BANK & TCO	9,638,973,459.90	18,636,221,344.87	8,997,247,884.97	296,347,122,161.77	3.04%
RB OF BROOKE'S POINT (PALAWAN) INC	1,370,466.25	4,404,030.46	3,033,564.21	98,830,054.13	3.07%
BANK OF THE PHIL ISLANDS	10,033,487,142.22	17,948,203,212.62	7,914,716,070.40	257,667,430,568.61	3.07%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	63,979,283.22	80,875,847.83	16,896,564.61	518,483,665.02	3.26%
RB OF GATTARAN (CAGAYAN) INC	17,360,453.84	20,599,097.71	3,238,643.87	95,033,029.65	3.41%
RBT BANK INC A RURAL BANK	6,572,835.10	13,608,976.72	7,036,141.62	204,066,756.72	3.45%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	30,658,512.98	34,559,220.20	3,900,707.22	113,118,285.25	3.45%
CHINA BANKING CORP	2,560,018,444.14	5,540,563,529.44	2,980,545,085.30	83,553,388,602.26	3.57%
ZAMBALES RURAL BANK INC	29,987,863.22	37,501,192.03	7,513,328.81	207,331,790.02	3.62%
TANAY RB INC	189,638,635.44	194,907,784.81	5,269,149.37	143,445,680.62	3.67%
LEGAZPI SAVINGS BANK INC	257,064,020.66	278,762,129.74	21,698,109.08	578,417,771.93	3.75%
ASPAC RURAL BANK INC	86,023,929.36	96,626,966.56	10,603,037.20	257,452,795.46	4.12%
RB OF LEBAK (SULTAN KUDARAT) INC	36,740,932.70	40,433,999.42	3,693,066.72	88,859,443.60	4.16%
RB OF MONTALBAN INC	2,434,550.39	5,160,255.06	2,725,704.67	64,304,931.46	4.24%
RB OF ANTIPOLO INC	11,845,561.33	16,540,383.77	4,694,822.44	106,485,125.48	4.41%
RB OF ROSARIO (LA UNION) INC	3,128,614.90	6,103,952.39	2,975,337.49	66,167,597.45	4.50%
NORTHPOINT DEV'T BANK INC	72,023,100.88	89,815,729.09	17,792,628.21	392,290,496.86	4.54%
BPI DIRECT BANKO INC A SAVINGS BANK	667,947,476.22	786,026,671.72	118,079,195.50	2,549,072,613.34	4.63%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	19,378,220.67	24,952,440.99	5,574,220.32	119,245,059.77	4.67%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	85,873.60	6,354,621.47	6,268,747.87	131,825,190.47	4.76%
RNG COASTAL BANK INC(A RURAL BANK)	9,921,570.67	17,629,252.45	7,707,681.78	160,249,794.59	4.81%
BANCO MEXICO INC (A RURAL BANK)	20,273,655.66	22,240,987.56	1,967,331.90	40,560,714.24	4.85%
RB OF STA IGNACIA INC	1,899,721.34	8,194,212.85	6,294,491.51	129,098,266.84	4.88%
RB OF DULAG (LEYTE) INC	7,568,674.20	13,215,360.44	5,646,686.24	114,243,253.76	4.94%
RB OF PARACALE(CAMARINES NORTE) INC	22,841,423.25	27,123,022.29	4,281,599.04	86,085,376.94	4.97%
MARAYO BANK INC (A RURAL BANK)	126,182,892.41	157,520,672.76	31,337,780.35	622,356,907.02	5.04%
ILOCOS CONSOLIDATED COOPERATIVE BANK	69,573,762.15	80,997,914.59	11,424,152.44	215,564,625.10	5.30%
CTBC BANK (PHILIPPINES) CORP	573,315,804.14	995,324,497.30	422,008,693.16	7,493,843,967.94	5.63%
KATIPUNAN BANK INC "A RURAL BANK"	55,587,223.35	83,638,947.40	28,051,724.05	480,475,047.29	5.84%
COMMTY RB OF CATMON (CEBU) INC	32,775,278.62	39,010,269.60	6,234,990.98	106,700,357.28	5.84%
PHIL NATIONAL BANK	7,847,560,377.46	15,494,390,259.54	7,646,829,882.08	126,024,777,179.47	6.07%
MAYBANK PHILIPPINES INCORPORATED	1,806,761,207.56	2,617,186,642.06	810,425,434.50	13,077,914,695.02	6.20%
BANK OF COMMERCE	1,243,390,575.30	2,228,997,008.82	985,606,433.52	15,808,975,173.02	6.23%
MEGA INT'L COMM'L BANK CO LTD	3,562,400.00	229,024,017.81	225,461,617.81	3,568,837,887.40	6.32%
RB OF BARILI (CEBU) INC	18,610,668.16	42,553,873.15	23,943,204.99	376,650,185.10	6.36%
RB OF PILAR (SORSOGON) INC	14,874,350.67	19,622,807.43	4,748,456.76	74,546,391.87	6.37%
MT CARMEL RURAL BANK INC	178,843,128.77	193,613,312.07	14,770,183.30	229,152,896.68	6.45%
CANTILAN BANK INC (A RURAL BANK)	232,772,662.91	258,079,589.08	25,306,926.17	376,732,008.56	6.72%
DEUTSCHE BANK AG	0.00	221,552,191.68	221,552,191.68	3,157,331,623.47	7.02%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	14,157,369.82	24,587,960.73	10,430,590.91	147,745,051.81	7.06%
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	1,604,751,673.97	2,083,959,124.17	479,207,450.20	5,986,000,708.16	8.01%
RB OF SAN MATEO(ISABELA) INC	20,894,931.72	30,513,086.36	9,618,154.64	115,187,659.45	8.35%
MUFG BANK, LTD.	0.00	388,070,289.46	388,070,289.46	4,616,895,539.37	8.41%
COOP BANK OF COTABATO	74,343,812.00	131,769,100.42	57,425,288.42	676,905,471.80	8.48%
CARD SME BANK INC A THRIFT BANK	132,573,429.42	245,982,270.63	113,408,841.21	1,266,419,833.31	8.96%
HONGKONG & SHANGHAI BANKING CORP	389,223,987.66	1,811,484,973.00	1,422,260,985.34	15,361,693,605.55	9.26%
MIZUHO BANK LTD - MANILA BRANCH	0.00	514,791,487.34	514,791,487.34	5,509,907,617.13	9.34%
COOP BANK OF QUEZON PROVINCE	19,822,033.54	29,729,386.91	9,907,353.37	102,211,946.03	9.69%
RB OF JAEN INC	4,104,156.05	9,503,484.27	5,399,328.22	55,529,558.99	9.72%
CENTURY RURAL BANK INC	6,285,202.13	14,068,211.52	7,783,009.39	72,752,158.75	10.70%
RB OF ANGELES INC	151,998,794.73	204,984,345.99	52,985,551.26	493,831,753.84	10.73%
BANGKOK BANK PUBLIC CO LTD	15,113,613.51	540,411,720.00	525,298,106.49	4,717,843,384.57	11.13%
RB OF MARAGONDON INC	23,825,356.53	29,599,525.10	5,774,168.57	51,746,895.08	11.16%
GATEWAY RURAL BANK INC	17,245,492.14	28,178,813.44	10,933,321.30	97,632,169.38	11.20%
CITIBANK, N.A.	1,033,302,291.35	3,264,950,653.15	2,231,648,361.80	18,539,451,155.16	12.04%
RB OF TANGUB CITY (MIS OCC) INC	24,196,961.18	37,455,873.88	13,258,912.70	101,028,027.06	13.12%
PHIL TRUST COMPANY	700,587,811.87	3,954,737,831.65	3,254,150,019.78	24,573,845,611.84	13.24%
CONSOLIDATED COOPERATIVE BANK	290,059,846.70	324,009,513.58	33,949,666.88	251,213,527.25	13.51%
RB OF MABALACAT INC	33,288,241.63	41,668,514.01	8,380,272.38	61,930,759.86	13.53%
RB OF GUINOBATAN INC	15,839,216.43	30,398,168.68	14,558,952.25	104,714,271.12	13.90%
RB OF BAMBANG (NUEVA VIZCAYA) INC	34,917,524.02	48,308,715.43	13,391,191.41	96,121,351.41	13.93%
PBCOM RURAL BANK INC	378,255,267.70	446,636,076.01	68,380,808.31	481,726,843.72	14.19%
COMMTY RB OF DAPITAN CITY INC	33,067,266.98	50,350,694.86	17,283,427.88	114,505,260.19	15.09%
RURAL BANK OF SAN ANTONIO INC	31,412,057.32	52,665,645.94	21,253,588.62	125,818,791.56	16.89%
METRO CEBU PUBLIC SAVINGS BANK	7,095,777.52	23,384,067.58	16,288,290.06	81,705,853.31	19.94%
RB OF SAN AGUSTIN (ISABELA) INC	12,781,806.82	22,911,301.36	10,129,494.54	40,907,151.00	24.76%
BANKWAYS INC (A RURAL BANK)	38,649,896.12	91,835,788.90	53,185,892.78	179,049,661.62	29.70%
D' ASIAN HILLS BANK INC (A RURAL BANK)	128,958,545.57	162,642,653.42	33,684,107.85	23,115,575.94	145.72%
Grand Total	165,275,600,017.22	194,813,360,017.92	29,537,760,000.70	2,135,841,917,404.40	1.38%