Overstated Capital of Philippine Banks as of September 30, 2019

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, four banks have Deferred Charges as of September 30, 2019. Fortunately, only one bank has deferred charges large enough to adversely impact its Stockholder's Equity (SE): Rural Bank of Mabalacat. It's Deferred Charges will reduce 32.57% of its Stockholder's Equity.
 
Retained Earnings
 
Three banks on the list have sufficient Retained Earnings (RE) to absorb their unbooked losses as of September 30, 2019. Rural Bank of Mabalacat has negative Retained Earnings of Php 14.82 million, which will increase its Retained Earnings to a negative Php 36.24 million.

Source: www.bsp.gov.ph

The Financial Strength of Philippine Banks according to BSP: From Weakest to Strongest - As of September 30, 2019

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).

Every quarter, several Philippine Banks do not meet these guidelines. As of September 30, 2019, 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 6.16)

TIER ONE CAR

One bank reported Tier One CAR of 0.00 as of September 30, 2019. Of those that did report Tier One CAR other than 0.00, ten banks have less than the BSP-recommended Tier One CARs of 10.00. These banks are:

1. Summit Bank (Tier One CAR of 4.12)
2. Coop Bank of Benguet (Tier One CAR of 5.80)
3. United Coconut Planters Bank (Tier One CAR of 6.16)
4. Sterling Bank of Asia Inc (Tier One CAR of 6.93)
5. Enterprise Bank Inc (Tier One CAR of 7.80)
6. GM Bank of Luzon Inc (Tier One CAR of 9.08)
7. Philippine Veterans Bank (Tier One CAR of 9.33)
8. Equicom Savings Bank Inc (Tier One CAR of 9.56)
9. Lagawe Highlands RB Inc (Tier One CAR of 9.56)
10. Gateway Rural Bank Inc (Tier One CAR of 9.82)

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.  One hundred seventy banks reported their CET1 Ratio as 0.00 for September 30, 2019.

However, of those banks that did report a CET1 Ratio other than 0.00, only Philippine Veterans Bank reported a CET1 Ratio below BSP's recommended ratio (CET1 Ratio of 8.11).

The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of September 30, 2019 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):

 

 

Philippine Banking System
TOTAL CAR
September 30, 2019
Bank	Type of Bank	Total CAR
UNITED COCONUT PLANTERS BANK	U/KB	6.16
EQUICOM SAVINGS BANK INC	Thrift	10.21
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift	10.42
CSFIRST BANK INC – A RURAL BANK	Rural	10.52
PHILIPPINE VETERANS BANK	U/KB	10.63
FARMERS SAVINGS & LOAN BANK INC	Thrift	10.84
LAGAWE HIGHLANDS RB INC	Rural	10.86
GM BANK OF LUZON INC (A RURAL BANK)	Rural	10.96
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift	11.05
CHINA BANK SAVINGS INC	Thrift	11.13
RB OF SAN PASCUAL(OBANDO BULACAN)INC	Rural	11.22
COOP BANK OF BENGUET (CBB)	Rural	11.58
LIBERTY BANK (A RURAL BANK) INC	Rural	12.06
PRODUCERS SAVINGS BANK CORPORATION	Thrift	12.23
COOPERATIVE BANK OF BOHOL	Rural	12.29
VILLAGE BANK INC (A RURAL BANK)	Rural	12.35
RB OF SAN AGUSTIN (ISABELA) INC	Rural	12.43
PHIL NATIONAL BANK	U/KB	12.55
EAST WEST BANKING CORP	U/KB	12.78
BENGUET CENTER BANK INC A RB	Rural	12.81
MUFG BANK, LTD.	U/KB	12.93
PLANBANK "RB OF CANLUBANG PLANTERS INC"	Rural	12.94
RB OF SAN MATEO(ISABELA) INC	Rural	12.99
UCPB SAVINGS BANK	Thrift	13.07
GATEWAY RURAL BANK INC	Rural	13.09
MALLIG PLAINS RURAL BANK (ISABELA) INC	Rural	13.43
COOP BANK OF CAGAYAN	Rural	13.61
CHINA BANKING CORP	U/KB	13.64
CANTILAN BANK INC (A RURAL BANK)	Rural	13.67
RIZAL COMM'L BANKING CORP	U/KB	13.75
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift	13.78
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	Rural	13.82
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift	13.83
ILOCOS CONSOLIDATED COOPERATIVE BANK	Rural	13.89
CEBUANA LHUILLIER RB INC	Rural	13.94
ENTREPRENEUR RB INC	Rural	14.06
BDO UNIBANK INC	U/KB	14.20
LAND BANK OF THE PHILIPPINES	U/KB	14.20
INTER-ASIA DEVELOPMENT BANK	Thrift	14.21
RB OF MABALACAT INC	Rural	14.29
RB OF POZORRUBIO INC	Rural	14.34
SUMMIT BANK (RB OF TUBLAY INC)	Rural	14.45
COMMTY RB OF CATMON (CEBU) INC	Rural	14.48
MT CARMEL RURAL BANK INC	Rural	14.58
BANCO MEXICO INC (A RURAL BANK)	Rural	14.67
CITYSTATE SAVINGS BANK INC	Thrift	14.72
DEVELOPMENT BANK OF THE PHIL	U/KB	14.73
SOUTH BANK (A RURAL BANK) INC	Rural	14.75
MINDANAO CONSOLIDATED COOPERATIVE BANK	Rural	14.84
RB OF BAMBANG (NUEVA VIZCAYA) INC	Rural	14.85
ZAMBALES RURAL BANK INC	Rural	14.87
RB OF LEBAK (SULTAN KUDARAT) INC	Rural	14.91
UNION BANK OF THE PHILS	U/KB	14.93
CITIBANK, N.A.	U/KB	14.99
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	15.05
RB OF MARAGONDON INC	Rural	15.05
RB OF SAN NARCISO INC	Rural	15.09
EAST WEST RURAL BANK INC	Rural	15.12
PBCOM RURAL BANK INC	Rural	15.16
QUEZON CAPITAL RB INC	Rural	15.16
RB OF DUMANGAS INC	Rural	15.23
MVSM BANK (A RURAL BANK SINCE 1953) INC	Rural	15.38
RB OF JAEN INC	Rural	15.39
METRO CEBU PUBLIC SAVINGS BANK	Thrift	15.49
RB OF CARDONA (RIZAL) INC	Rural	15.60
CITY SAVINGS BANK INC	Thrift	15.74
BANK OF COMMERCE	U/KB	15.90
BANK OF THE PHIL ISLANDS	U/KB	15.98
FIRST AGRO-INDUSTRIAL RB INC (FAIRBANK)	Rural	15.98
RB OF GATTARAN (CAGAYAN) INC	Rural	16.04
RB OF BAY INC	Rural	16.06
GOLDEN RURAL BANK OF THE PHILIPPINES INC	Rural	16.08
MAYBANK PHILIPPINES INCORPORATED	U/KB	16.13
METROPOLITAN BANK & TCO	U/KB	16.37
CONSOLIDATED COOPERATIVE BANK	Rural	16.38
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	Rural	16.41
CAMALIG BANK INC (A RURAL BANK)	Rural	16.49
SUGBUANON RB INC	Rural	16.54
RB OF ROSARIO (LA UNION) INC	Rural	16.64
BOF INC (A RURAL BANK)	Rural	16.69
NEW RB OF SAN LEONARDO(N.E.) INC	Rural	16.73
PNB SAVINGS BANK	Thrift	16.92
ALIAGA FARMERS RURAL BANK INC	Rural	16.96
COUNTRY BUILDERS BANK INC (A RURAL BANK)	Rural	17.07
PHIL BANK OF COMMUNICATIONS	U/KB	17.11
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	Rural	17.11
RB OF TANGUB CITY (MIS OCC) INC	Rural	17.14
PANGASINAN BANK (A RB) INC	Rural	17.23
RB OF ITOGON (BENGUET) INC	Rural	17.34
PHIL SAVINGS BANK	Thrift	17.41
BPI DIRECT BANKO INC A SAVINGS BANK	Thrift	17.43
SECURITY BANK CORP	U/KB	17.47
KATIPUNAN BANK INC "A RURAL BANK"	Rural	17.60
SAVIOUR RURAL BANK INC	Rural	17.61
ASIA UNITED BANK CORPORATION	U/KB	17.66
RB OF PILAR (SORSOGON) INC	Rural	17.67
BPI FAMILY SAVINGS BANK INC	Thrift	17.94
GUAGUA RURAL BANK INC	Rural	18.04
MIZUHO BANK LTD - MANILA BRANCH	U/KB	18.15
RB OF GUINOBATAN INC	Rural	18.32
BANKWAYS INC (A RURAL BANK)	Rural	18.40
RB OF CAUAYAN INC	Rural	18.55
AGRIBUSINESS RURAL BANK INC	Rural	18.56
RB OF PORAC (PAMPANGA) INC	Rural	18.60
RB OF DIGOS INC	Rural	18.69
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	Rural	18.75
COOP BANK OF QUEZON PROVINCE	Rural	18.82
STANDARD CHARTERED BANK	U/KB	18.83
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	Rural	18.86
ASPAC RURAL BANK INC	Rural	19.30
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	Rural	19.38
BDO NETWORK BANK	Rural	19.42
HONGKONG & SHANGHAI BANKING CORP	U/KB	19.57
CARD BANK INC (A MF RB)	Rural	19.67
CENTURY RURAL BANK INC	Rural	19.69
ROBINSONS BANK CORPORATION	U/KB	19.70
BANGKO MABUHAY (A RURAL BANK) INC	Rural	19.70
STA MARIA RURAL BANK INC	Rural	19.70
RANG-AY BANK INC (A RURAL BANK)	Rural	19.82
RB OF MAGDALENA (LAGUNA) INC	Rural	19.84
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	Thrift	20.02
CARD SME BANK INC A THRIFT BANK	Thrift	20.12
RB OF GENERAL TRIAS INC	Rural	20.26
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	Rural	20.27
COMMON WEALTH RURAL BANK INC	Rural	20.30
CTBC BANK (PHILIPPINES) CORP	U/KB	20.34
PACIFIC ACE SAVINGS BANK INC	Thrift	20.44
COOPERATIVE BANK OF NUEVA VIZCAYA	Rural	20.44
SUN SAVINGS BANK INC	Thrift	20.86
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	Rural	20.99
METRO SOUTH COOP BANK	Rural	21.30
HIYAS BANKING CORPORATION	Thrift	21.31
CITIZEN'S RB (CABIAO) INC	Rural	21.61
RB OF PANDI (BULACAN) INC	Rural	21.95
RB OF STA IGNACIA INC	Rural	22.44
COOP BANK OF PALAWAN	Rural	22.50
IMUS RURAL BANK INC	Rural	22.76
FIRST ISABELA COOP BANK INC(FICOBANK)	Rural	22.77
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift	22.78
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift	22.98
FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK)	Rural	22.99
BATAAN DEVELOPMENT BANK	Thrift	23.05
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift	23.24
HIGHLAND RURAL BANK INC	Rural	23.41
DEUTSCHE BANK AG	U/KB	23.44
COMMTY RB OF DAPITAN CITY INC	Rural	23.59
MALARAYAT RB INC	Rural	23.59
RURAL BANK OF SAN ANTONIO INC	Rural	23.76
LEGAZPI SAVINGS BANK INC	Thrift	24.22
BAYBAY INC (A RURAL BANK)	Rural	24.43
RB OF PILAR (BATAAN) INC	Rural	24.72
BANGKO MONTANOSA INC (A RURAL BANK)	Rural	24.74
BALANGA RURAL BANK, INC.	Rural	24.75
LIFE SAVINGS BANK INC	Thrift	24.94
BDO PRIVATE BANK, INC.	U/KB	25.26
RBT BANK INC A RURAL BANK	Rural	25.32
DUMAGUETE CITY DEV BANK INC	Thrift	25.77
RB OF MONTALBAN INC	Rural	25.84
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	Rural	25.87
MARAYO BANK INC (A RURAL BANK)	Rural	26.49
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	Rural	26.70
RB OF BAGABAG (N.V.)INC	Rural	27.57
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	27.81
RB OF BAYOMBONG INC	Rural	27.91
RB OF BARILI (CEBU) INC	Rural	28.17
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	U/KB	28.34
RB OF DULAG (LEYTE) INC	Rural	28.36
COOP BANK OF COTABATO	Rural	28.97
RB OF SAN LUIS (PAMPANGA) INC	Rural	29.00
FIRST TAGUM RURAL BANK INC	Rural	29.07
MARITIME SAVINGS BANK CORPORATION	Thrift	29.51
LIFEBANK- A RURAL BANK	Rural	29.75
RB OF BROOKE'S POINT (PALAWAN) INC	Rural	30.11
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	U/KB	30.53
SECURED BANK INC (A RB)	Rural	30.92
UNIVERSITY SAVINGS BANK INC	Thrift	31.08
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	Thrift	31.42
GUAGUA SAVERS BANK(A RB) INC	Rural	31.49
KEB HANA BANK - MANILA BRANCH	U/KB	31.70
BANK OF CHINA LIMITED-MANILA BRANCH	U/KB	32.00
RB OF ALABEL (SARANGANI) INC	Rural	32.27
AMA RURAL BANK OF MANDALUYONG INC	Rural	33.16
MAKILING DEVELOPMENT BANK CORPORATION	Thrift	33.71
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift	33.84
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	34.47
CORDILLERA SAVINGS BANK INC	Thrift	34.62
RB OF MARIA AURORA (AURORA) INC	Rural	35.79
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift	35.84
MEGA INT'L COMM'L BANK CO LTD	U/KB	36.46
NORTHPOINT DEV'T BANK INC	Thrift	37.56
NATIONAL TEACHERS & EMP. COOP BANK	Rural	38.15
LEMERY SAVINGS & LOAN BANK, INC.	Thrift	38.21
RB OF MIDSAYAP INC	Rural	38.33
ALLBANK (A THRIFT BANK) INC	Thrift	39.18
RNG COASTAL BANK INC(A RURAL BANK)	Rural	40.03
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	Rural	40.76
RB OF SOLANO (NUEVA VIZCAYA) INC	Rural	41.33
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift	41.86
BHF RURAL BANK INC	Rural	43.09
ARDCIBANK INC A RURAL BANK	Rural	43.97
PHIL TRUST COMPANY	U/KB	44.80
RB OF GLORIA (OR MIN) INC	Rural	45.69
MANOR BANK - A RURAL BANK CORP	Rural	45.96
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	Rural	46.27
PAMPANGA DEVELOPMENT BANK	Thrift	47.24
HSBC SAVINGS BANK(PHILS) INC	Thrift	47.40
ING BANK N.V.	U/KB	50.15
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	Rural	52.88
BANGKOK BANK PUBLIC CO LTD	U/KB	53.70
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	U/KB	55.92
BANK OF AMERICA N.A.	U/KB	56.44
CAVITE UNITED RURAL BANK CORP	Rural	57.06
RB OF ANTIPOLO INC	Rural	57.44
FILIDIAN RURAL BANK OF ANTIPOLO INC	Rural	60.92
BANK ONE SAVINGS CORPORATION	Thrift	65.46
CENTURY SAVINGS BANK CORPORATION	Thrift	68.92
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift	70.07
SHINHAN BANK - MANILA BRANCH	U/KB	71.12
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	84.25
PHIL STAR DEVELOPMENT BANK INC	Thrift	85.90
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	98.33
FIRST COMMERCIAL BANK LTD MANILA BRANCH	U/KB	116.30
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	120.03
CIMB BANK PHILIPPINES INC	U/KB	131.74
ISLA BANK(A THRIFT BANK) INC	Thrift	133.54
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	134.88
INNOVATIVE BANK INC (A RURAL BANK)	Rural	183.92
RB OF POLA (ORIENTAL MINDORO) INC	Rural	303.84
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRANCH	U/KB	898.16
BUSINESS AND CONSUMERS BANK (A DB)	Thrift	NA
LUZON DEVELOPMENT BANK	Thrift	NA
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift	NA
RCBC SAVINGS BANK INC	Thrift	NA
BANCO SANTIAGO DE LIBON INC	Rural	NA
BANGKO CARRASCAL INC (A RB)	Rural	NA
D' ASIAN HILLS BANK INC (A RURAL BANK)	Rural	NA
GRAND-AGRI RURAL BANK	Rural	NA
INSULAR SAVERS BANK INC (A RURAL BANK)	Rural	NA
MOUNT MAKILING RURAL BANK INC	Rural	NA
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	Rural	NA
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	Rural	NA
RB OF ANGELES INC	Rural	NA
RB OF DOLORES (QUEZON) INC	Rural	NA
RB OF MABITAC (LAGUNA) INC	Rural	NA
RB OF MIAGAO (ILOILO) INC	Rural	NA
RB OF PARACALE(CAMARINES NORTE) INC	Rural	NA
RBG IMPERIAL BANK INC(A RURAL BANK)	Rural	NA
TANAY RB INC	Rural	NA
Philippine Banking System
Tier 1 CAR
September 30, 2019
Bank	Type of Bank	Tier 1 CAR
RB OF SAN LUIS (PAMPANGA) INC	Rural	0.00
SUMMIT BANK (RB OF TUBLAY INC)	Rural	4.12
COOP BANK OF BENGUET (CBB)	Rural	5.80
UNITED COCONUT PLANTERS BANK	U/KB	6.16
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift	6.93
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift	7.80
GM BANK OF LUZON INC (A RURAL BANK)	Rural	9.08
PHILIPPINE VETERANS BANK	U/KB	9.33
EQUICOM SAVINGS BANK INC	Thrift	9.56
LAGAWE HIGHLANDS RB INC	Rural	9.56
GATEWAY RURAL BANK INC	Rural	9.82
CHINA BANK SAVINGS INC	Thrift	10.23
EAST WEST BANKING CORP	U/KB	10.39
CSFIRST BANK INC – A RURAL BANK	Rural	10.50
RB OF SAN PASCUAL(OBANDO BULACAN)INC	Rural	10.65
BANCO MEXICO INC (A RURAL BANK)	Rural	10.72
FARMERS SAVINGS & LOAN BANK INC	Thrift	10.84
MVSM BANK (A RURAL BANK SINCE 1953) INC	Rural	11.14
EAST WEST RURAL BANK INC	Rural	11.30
LIBERTY BANK (A RURAL BANK) INC	Rural	11.64
PHIL NATIONAL BANK	U/KB	11.72
PRODUCERS SAVINGS BANK CORPORATION	Thrift	11.84
COOPERATIVE BANK OF BOHOL	Rural	11.87
VILLAGE BANK INC (A RURAL BANK)	Rural	12.04
DEVELOPMENT BANK OF THE PHIL	U/KB	12.05
MUFG BANK, LTD.	U/KB	12.24
UCPB SAVINGS BANK	Thrift	12.32
BENGUET CENTER BANK INC A RB	Rural	12.37
ILOCOS CONSOLIDATED COOPERATIVE BANK	Rural	12.41
RB OF SAN MATEO(ISABELA) INC	Rural	12.51
UNION BANK OF THE PHILS	U/KB	12.53
PLANBANK "RB OF CANLUBANG PLANTERS INC"	Rural	12.61
CHINA BANKING CORP	U/KB	12.73
BDO UNIBANK INC	U/KB	12.81
MALLIG PLAINS RURAL BANK (ISABELA) INC	Rural	12.87
RIZAL COMM'L BANKING CORP	U/KB	12.87
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift	12.94
MAYBANK PHILIPPINES INCORPORATED	U/KB	13.03
CANTILAN BANK INC (A RURAL BANK)	Rural	13.14
LAND BANK OF THE PHILIPPINES	U/KB	13.36
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift	13.49
COOP BANK OF CAGAYAN	Rural	13.61
ENTREPRENEUR RB INC	Rural	13.67
CEBUANA LHUILLIER RB INC	Rural	13.77
INTER-ASIA DEVELOPMENT BANK	Thrift	13.80
COMMTY RB OF CATMON (CEBU) INC	Rural	14.01
RB OF BAMBANG (NUEVA VIZCAYA) INC	Rural	14.04
CITYSTATE SAVINGS BANK INC	Thrift	14.05
SOUTH BANK (A RURAL BANK) INC	Rural	14.18
RB OF LEBAK (SULTAN KUDARAT) INC	Rural	14.20
PHIL BANK OF COMMUNICATIONS	U/KB	14.23
ASIA UNITED BANK CORPORATION	U/KB	14.24
RB OF MABALACAT INC	Rural	14.24
CITIBANK, N.A.	U/KB	14.29
PBCOM RURAL BANK INC	Rural	14.33
NEW RB OF SAN LEONARDO(N.E.) INC	Rural	14.35
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	14.37
QUEZON CAPITAL RB INC	Rural	14.39
MINDANAO CONSOLIDATED COOPERATIVE BANK	Rural	14.45
SUGBUANON RB INC	Rural	14.51
RB OF SAN NARCISO INC	Rural	14.62
RB OF DUMANGAS INC	Rural	14.77
RB OF JAEN INC	Rural	14.79
ZAMBALES RURAL BANK INC	Rural	14.87
CITY SAVINGS BANK INC	Thrift	14.92
METROPOLITAN BANK & TCO	U/KB	14.98
RB OF MARAGONDON INC	Rural	15.00
BANK OF COMMERCE	U/KB	15.09
BANK OF THE PHIL ISLANDS	U/KB	15.09
RB OF CARDONA (RIZAL) INC	Rural	15.18
CARD BANK INC (A MF RB)	Rural	15.19
RB OF BAY INC	Rural	15.43
FIRST AGRO-INDUSTRIAL RB INC (FAIRBANK)	Rural	15.44
CAMALIG BANK INC (A RURAL BANK)	Rural	15.47
METRO CEBU PUBLIC SAVINGS BANK	Thrift	15.48
UNIVERSITY SAVINGS BANK INC	Thrift	15.54
PANGASINAN BANK (A RB) INC	Rural	15.62
BOF INC (A RURAL BANK)	Rural	15.76
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	Rural	15.78
RB OF GATTARAN (CAGAYAN) INC	Rural	15.92
ALIAGA FARMERS RURAL BANK INC	Rural	16.25
BPI DIRECT BANKO INC A SAVINGS BANK	Thrift	16.56
PNB SAVINGS BANK	Thrift	16.57
PHIL SAVINGS BANK	Thrift	16.61
SECURITY BANK CORP	U/KB	16.63
RB OF ITOGON (BENGUET) INC	Rural	16.96
KATIPUNAN BANK INC "A RURAL BANK"	Rural	17.00
BPI FAMILY SAVINGS BANK INC	Thrift	17.08
MT CARMEL RURAL BANK INC	Rural	17.12
SAVIOUR RURAL BANK INC	Rural	17.13
RB OF PILAR (SORSOGON) INC	Rural	17.26
MIZUHO BANK LTD - MANILA BRANCH	U/KB	17.30
GUAGUA RURAL BANK INC	Rural	17.34
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	Rural	17.44
RB OF GUINOBATAN INC	Rural	17.53
BANKWAYS INC (A RURAL BANK)	Rural	17.56
RB OF PORAC (PAMPANGA) INC	Rural	17.97
RB OF CAUAYAN INC	Rural	17.99
RB OF DIGOS INC	Rural	18.03
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	Rural	18.19
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	Rural	18.27
COUNTRY BUILDERS BANK INC (A RURAL BANK)	Rural	18.36
STANDARD CHARTERED BANK	U/KB	18.46
AGRIBUSINESS RURAL BANK INC	Rural	18.56
BDO NETWORK BANK	Rural	18.56
HONGKONG & SHANGHAI BANKING CORP	U/KB	18.76
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	Rural	19.04
CENTURY RURAL BANK INC	Rural	19.06
ASPAC RURAL BANK INC	Rural	19.11
COOPERATIVE BANK OF NUEVA VIZCAYA	Rural	19.27
STA MARIA RURAL BANK INC	Rural	19.36
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	Thrift	19.39
ROBINSONS BANK CORPORATION	U/KB	19.41
CARD SME BANK INC A THRIFT BANK	Thrift	19.42
CTBC BANK (PHILIPPINES) CORP	U/KB	19.45
BANGKO MABUHAY (A RURAL BANK) INC	Rural	19.49
RB OF MAGDALENA (LAGUNA) INC	Rural	19.52
RANG-AY BANK INC (A RURAL BANK)	Rural	19.60
COMMON WEALTH RURAL BANK INC	Rural	19.78
SUN SAVINGS BANK INC	Thrift	20.00
RB OF GENERAL TRIAS INC	Rural	20.24
PACIFIC ACE SAVINGS BANK INC	Thrift	20.25
METRO SOUTH COOP BANK	Rural	20.36
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	Rural	20.54
HIYAS BANKING CORPORATION	Thrift	20.96
CITIZEN'S RB (CABIAO) INC	Rural	21.17
RB OF MONTALBAN INC	Rural	21.36
RB OF PANDI (BULACAN) INC	Rural	21.41
RB OF STA IGNACIA INC	Rural	21.65
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift	22.00
FIRST ISABELA COOP BANK INC(FICOBANK)	Rural	22.12
BATAAN DEVELOPMENT BANK	Thrift	22.24
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift	22.58
FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK)	Rural	22.67
DEUTSCHE BANK AG	U/KB	22.78
MALARAYAT RB INC	Rural	22.92
RURAL BANK OF SAN ANTONIO INC	Rural	22.92
COMMTY RB OF DAPITAN CITY INC	Rural	22.98
HIGHLAND RURAL BANK INC	Rural	23.04
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift	23.24
BAYBAY INC (A RURAL BANK)	Rural	23.34
COOP BANK OF PALAWAN	Rural	23.37
LEGAZPI SAVINGS BANK INC	Thrift	23.58
BANGKO MONTANOSA INC (A RURAL BANK)	Rural	24.06
BALANGA RURAL BANK, INC.	Rural	24.21
LIFE SAVINGS BANK INC	Thrift	24.77
RBT BANK INC A RURAL BANK	Rural	24.77
BDO PRIVATE BANK, INC.	U/KB	25.08
DUMAGUETE CITY DEV BANK INC	Thrift	25.35
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	Rural	25.45
MARAYO BANK INC (A RURAL BANK)	Rural	25.82
RB OF PILAR (BATAAN) INC	Rural	26.33
RB OF BAGABAG (N.V.)INC	Rural	26.92
FIRST TAGUM RURAL BANK INC	Rural	27.11
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	27.25
RB OF BAYOMBONG INC	Rural	27.58
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	U/KB	27.87
COOP BANK OF COTABATO	Rural	28.16
MARITIME SAVINGS BANK CORPORATION	Thrift	28.89
LIFEBANK- A RURAL BANK	Rural	29.06
RB OF BROOKE'S POINT (PALAWAN) INC	Rural	29.66
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	U/KB	29.86
SECURED BANK INC (A RB)	Rural	30.02
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	Thrift	30.73
RB OF POZORRUBIO INC	Rural	30.79
KEB HANA BANK - MANILA BRANCH	U/KB	31.15
BANK OF CHINA LIMITED-MANILA BRANCH	U/KB	31.41
AMA RURAL BANK OF MANDALUYONG INC	Rural	31.46
RB OF ALABEL (SARANGANI) INC	Rural	32.00
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift	33.12
MAKILING DEVELOPMENT BANK CORPORATION	Thrift	33.16
CORDILLERA SAVINGS BANK INC	Thrift	34.13
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	34.29
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift	34.97
RB OF MARIA AURORA (AURORA) INC	Rural	35.04
MEGA INT'L COMM'L BANK CO LTD	U/KB	35.54
NORTHPOINT DEV'T BANK INC	Thrift	36.92
NATIONAL TEACHERS & EMP. COOP BANK	Rural	37.49
LEMERY SAVINGS & LOAN BANK, INC.	Thrift	37.88
ALLBANK (A THRIFT BANK) INC	Thrift	38.44
RNG COASTAL BANK INC(A RURAL BANK)	Rural	39.71
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	Rural	40.18
RB OF SOLANO (NUEVA VIZCAYA) INC	Rural	40.58
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift	41.28
BHF RURAL BANK INC	Rural	42.74
ARDCIBANK INC A RURAL BANK	Rural	43.56
RB OF SAN AGUSTIN (ISABELA) INC	Rural	43.82
PHIL TRUST COMPANY	U/KB	44.29
RB OF GLORIA (OR MIN) INC	Rural	45.67
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	Rural	45.77
PAMPANGA DEVELOPMENT BANK	Thrift	46.72
HSBC SAVINGS BANK(PHILS) INC	Thrift	46.73
ING BANK N.V.	U/KB	49.69
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	Rural	52.70
BANGKOK BANK PUBLIC CO LTD	U/KB	52.73
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	U/KB	55.48
BANK OF AMERICA N.A.	U/KB	56.15
CAVITE UNITED RURAL BANK CORP	Rural	57.06
RB OF ANTIPOLO INC	Rural	57.13
FILIDIAN RURAL BANK OF ANTIPOLO INC	Rural	60.57
BANK ONE SAVINGS CORPORATION	Thrift	64.83
GOLDEN RURAL BANK OF THE PHILIPPINES INC	Rural	65.33
RB OF ROSARIO (LA UNION) INC	Rural	67.74
CENTURY SAVINGS BANK CORPORATION	Thrift	68.06
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift	69.39
SHINHAN BANK - MANILA BRANCH	U/KB	70.38
GUAGUA SAVERS BANK(A RB) INC	Rural	79.45
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	83.35
PHIL STAR DEVELOPMENT BANK INC	Thrift	85.47
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	97.59
RB OF MIDSAYAP INC	Rural	98.38
COOP BANK OF QUEZON PROVINCE	Rural	105.59
RB OF DULAG (LEYTE) INC	Rural	106.23
RB OF TANGUB CITY (MIS OCC) INC	Rural	107.40
MANOR BANK - A RURAL BANK CORP	Rural	109.98
FIRST COMMERCIAL BANK LTD MANILA BRANCH	U/KB	115.51
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	119.22
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	Rural	123.76
CIMB BANK PHILIPPINES INC	U/KB	131.69
ISLA BANK(A THRIFT BANK) INC	Thrift	133.04
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	134.88
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	Rural	149.79
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	Rural	151.53
IMUS RURAL BANK INC	Rural	207.55
CONSOLIDATED COOPERATIVE BANK	Rural	246.18
RB OF POLA (ORIENTAL MINDORO) INC	Rural	300.04
RB OF BARILI (CEBU) INC	Rural	359.28
INNOVATIVE BANK INC (A RURAL BANK)	Rural	363.73
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRANCH	U/KB	898.16
BANCO SANTIAGO DE LIBON INC	Rural	NA
BANGKO CARRASCAL INC (A RB)	Rural	NA
BUSINESS AND CONSUMERS BANK (A DB)	Thrift	NA
D' ASIAN HILLS BANK INC (A RURAL BANK)	Rural	NA
GRAND-AGRI RURAL BANK	Rural	NA
INSULAR SAVERS BANK INC (A RURAL BANK)	Rural	NA
LUZON DEVELOPMENT BANK	Thrift	NA
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift	NA
MOUNT MAKILING RURAL BANK INC	Rural	NA
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	Rural	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift	NA
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	Rural	NA
RB OF ANGELES INC	Rural	NA
RB OF DOLORES (QUEZON) INC	Rural	NA
RB OF MABITAC (LAGUNA) INC	Rural	NA
RB OF MIAGAO (ILOILO) INC	Rural	NA
RB OF PARACALE(CAMARINES NORTE) INC	Rural	NA
RBG IMPERIAL BANK INC(A RURAL BANK)	Rural	NA
RCBC SAVINGS BANK INC	Thrift	NA
TANAY RB INC	Rural	NA
Philippine Banking System
Common Tier 1 Ratio
September 30, 2019
Bank	Type of Bank	Common Tier 1 Ratio
1ST VALLEY BANK INC A DEVELOPMENT BANK	Thrift	0.00
AGRIBUSINESS RURAL BANK INC	Rural	0.00
ALIAGA FARMERS RURAL BANK INC	Rural	0.00
ALLBANK (A THRIFT BANK) INC	Thrift	0.00
AMA RURAL BANK OF MANDALUYONG INC	Rural	0.00
ARDCIBANK INC A RURAL BANK	Rural	0.00
ASPAC RURAL BANK INC	Rural	0.00
BALANGA RURAL BANK, INC.	Rural	0.00
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	Rural	0.00
BANCO MEXICO INC (A RURAL BANK)	Rural	0.00
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	Thrift	0.00
BANGKO MABUHAY (A RURAL BANK) INC	Rural	0.00
BANGKO MONTANOSA INC (A RURAL BANK)	Rural	0.00
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift	0.00
BANK ONE SAVINGS CORPORATION	Thrift	0.00
BANKWAYS INC (A RURAL BANK)	Rural	0.00
BATAAN DEVELOPMENT BANK	Thrift	0.00
BAYBAY INC (A RURAL BANK)	Rural	0.00
BENGUET CENTER BANK INC A RB	Rural	0.00
BHF RURAL BANK INC	Rural	0.00
BOF INC (A RURAL BANK)	Rural	0.00
CAMALIG BANK INC (A RURAL BANK)	Rural	0.00
CANTILAN BANK INC (A RURAL BANK)	Rural	0.00
CARD BANK INC (A MF RB)	Rural	0.00
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	Rural	0.00
CARD SME BANK INC A THRIFT BANK	Thrift	0.00
CEBUANA LHUILLIER RB INC	Rural	0.00
CENTURY RURAL BANK INC	Rural	0.00
CENTURY SAVINGS BANK CORPORATION	Thrift	0.00
CITIZEN'S RB (CABIAO) INC	Rural	0.00
CITYSTATE SAVINGS BANK INC	Thrift	0.00
COMMON WEALTH RURAL BANK INC	Rural	0.00
COMMTY RB OF CATMON (CEBU) INC	Rural	0.00
COMMTY RB OF DAPITAN CITY INC	Rural	0.00
CONSOLIDATED COOPERATIVE BANK	Rural	0.00
COOP BANK OF BENGUET (CBB)	Rural	0.00
COOP BANK OF CAGAYAN	Rural	0.00
COOP BANK OF COTABATO	Rural	0.00
COOP BANK OF PALAWAN	Rural	0.00
COOP BANK OF QUEZON PROVINCE	Rural	0.00
COOPERATIVE BANK OF BOHOL	Rural	0.00
COOPERATIVE BANK OF NUEVA VIZCAYA	Rural	0.00
CORDILLERA SAVINGS BANK INC	Thrift	0.00
COUNTRY BUILDERS BANK INC (A RURAL BANK)	Rural	0.00
CSFIRST BANK INC – A RURAL BANK	Rural	0.00
DUMAGUETE CITY DEV BANK INC	Thrift	0.00
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	Rural	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift	0.00
ENTREPRENEUR RB INC	Rural	0.00
EQUICOM SAVINGS BANK INC	Thrift	0.00
FARMERS SAVINGS & LOAN BANK INC	Thrift	0.00
FILIDIAN RURAL BANK OF ANTIPOLO INC	Rural	0.00
FIRST AGRO-INDUSTRIAL RB INC (FAIRBANK)	Rural	0.00
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift	0.00
FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK)	Rural	0.00
FIRST ISABELA COOP BANK INC(FICOBANK)	Rural	0.00
FIRST TAGUM RURAL BANK INC	Rural	0.00
GATEWAY RURAL BANK INC	Rural	0.00
GM BANK OF LUZON INC (A RURAL BANK)	Rural	0.00
GOLDEN RURAL BANK OF THE PHILIPPINES INC	Rural	0.00
GUAGUA RURAL BANK INC	Rural	0.00
GUAGUA SAVERS BANK(A RB) INC	Rural	0.00
HIGHLAND RURAL BANK INC	Rural	0.00
HIYAS BANKING CORPORATION	Thrift	0.00
ILOCOS CONSOLIDATED COOPERATIVE BANK	Rural	0.00
IMUS RURAL BANK INC	Rural	0.00
INNOVATIVE BANK INC (A RURAL BANK)	Rural	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift	0.00
ISLA BANK(A THRIFT BANK) INC	Thrift	0.00
KATIPUNAN BANK INC "A RURAL BANK"	Rural	0.00
LAGAWE HIGHLANDS RB INC	Rural	0.00
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	Rural	0.00
LEMERY SAVINGS & LOAN BANK, INC.	Thrift	0.00
LIBERTY BANK (A RURAL BANK) INC	Rural	0.00
LIFE SAVINGS BANK INC	Thrift	0.00
LIFEBANK- A RURAL BANK	Rural	0.00
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	Rural	0.00
MAKILING DEVELOPMENT BANK CORPORATION	Thrift	0.00
MALARAYAT RB INC	Rural	0.00
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift	0.00
MALLIG PLAINS RURAL BANK (ISABELA) INC	Rural	0.00
MANOR BANK - A RURAL BANK CORP	Rural	0.00
MARAYO BANK INC (A RURAL BANK)	Rural	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift	0.00
METRO CEBU PUBLIC SAVINGS BANK	Thrift	0.00
METRO SOUTH COOP BANK	Rural	0.00
MINDANAO CONSOLIDATED COOPERATIVE BANK	Rural	0.00
MT CARMEL RURAL BANK INC	Rural	0.00
MVSM BANK (A RURAL BANK SINCE 1953) INC	Rural	0.00
NATIONAL TEACHERS & EMP. COOP BANK	Rural	0.00
NEW RB OF SAN LEONARDO(N.E.) INC	Rural	0.00
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	Rural	0.00
NORTHPOINT DEV'T BANK INC	Thrift	0.00
PACIFIC ACE SAVINGS BANK INC	Thrift	0.00
PAMPANGA DEVELOPMENT BANK	Thrift	0.00
PANGASINAN BANK (A RB) INC	Rural	0.00
PBCOM RURAL BANK INC	Rural	0.00
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift	0.00
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	Rural	0.00
PHIL STAR DEVELOPMENT BANK INC	Thrift	0.00
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift	0.00
PLANBANK "RB OF CANLUBANG PLANTERS INC"	Rural	0.00
PRODUCERS SAVINGS BANK CORPORATION	Thrift	0.00
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift	0.00
QUEZON CAPITAL RB INC	Rural	0.00
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift	0.00
RANG-AY BANK INC (A RURAL BANK)	Rural	0.00
RB OF ALABEL (SARANGANI) INC	Rural	0.00
RB OF ANTIPOLO INC	Rural	0.00
RB OF BAGABAG (N.V.)INC	Rural	0.00
RB OF BAMBANG (NUEVA VIZCAYA) INC	Rural	0.00
RB OF BARILI (CEBU) INC	Rural	0.00
RB OF BAY INC	Rural	0.00
RB OF BAYOMBONG INC	Rural	0.00
RB OF BROOKE'S POINT (PALAWAN) INC	Rural	0.00
RB OF CARDONA (RIZAL) INC	Rural	0.00
RB OF CAUAYAN INC	Rural	0.00
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	Rural	0.00
RB OF DIGOS INC	Rural	0.00
RB OF DULAG (LEYTE) INC	Rural	0.00
RB OF DUMANGAS INC	Rural	0.00
RB OF GATTARAN (CAGAYAN) INC	Rural	0.00
RB OF GENERAL TRIAS INC	Rural	0.00
RB OF GLORIA (OR MIN) INC	Rural	0.00
RB OF GUINOBATAN INC	Rural	0.00
RB OF ITOGON (BENGUET) INC	Rural	0.00
RB OF JAEN INC	Rural	0.00
RB OF LEBAK (SULTAN KUDARAT) INC	Rural	0.00
RB OF MABALACAT INC	Rural	0.00
RB OF MAGDALENA (LAGUNA) INC	Rural	0.00
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	Rural	0.00
RB OF MARAGONDON INC	Rural	0.00
RB OF MARIA AURORA (AURORA) INC	Rural	0.00
RB OF MIDSAYAP INC	Rural	0.00
RB OF MONTALBAN INC	Rural	0.00
RB OF PANDI (BULACAN) INC	Rural	0.00
RB OF PILAR (BATAAN) INC	Rural	0.00
RB OF PILAR (SORSOGON) INC	Rural	0.00
RB OF POLA (ORIENTAL MINDORO) INC	Rural	0.00
RB OF PORAC (PAMPANGA) INC	Rural	0.00
RB OF POZORRUBIO INC	Rural	0.00
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	Rural	0.00
RB OF ROSARIO (LA UNION) INC	Rural	0.00
RB OF SAN AGUSTIN (ISABELA) INC	Rural	0.00
RB OF SAN LUIS (PAMPANGA) INC	Rural	0.00
RB OF SAN MATEO(ISABELA) INC	Rural	0.00
RB OF SAN NARCISO INC	Rural	0.00
RB OF SAN PASCUAL(OBANDO BULACAN)INC	Rural	0.00
RB OF SOLANO (NUEVA VIZCAYA) INC	Rural	0.00
RB OF STA IGNACIA INC	Rural	0.00
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	Rural	0.00
RB OF TANGUB CITY (MIS OCC) INC	Rural	0.00
RBT BANK INC A RURAL BANK	Rural	0.00
RNG COASTAL BANK INC(A RURAL BANK)	Rural	0.00
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	Rural	0.00
RURAL BANK OF SAN ANTONIO INC	Rural	0.00
SAVIOUR RURAL BANK INC	Rural	0.00
SECURED BANK INC (A RB)	Rural	0.00
SOUTH BANK (A RURAL BANK) INC	Rural	0.00
STA MARIA RURAL BANK INC	Rural	0.00
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift	0.00
SUGBUANON RB INC	Rural	0.00
SUMMIT BANK (RB OF TUBLAY INC)	Rural	0.00
SUN SAVINGS BANK INC	Thrift	0.00
UNITED COCONUT PLANTERS BANK	U/KB	0.00
UNIVERSITY SAVINGS BANK INC	Thrift	0.00
VILLAGE BANK INC (A RURAL BANK)	Rural	0.00
WEALTH DEVELOPMENT BANK CORPORATION	Thrift	0.00
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift	0.00
ZAMBALES RURAL BANK INC	Rural	0.00
PHILIPPINE VETERANS BANK	U/KB	8.11
CHINA BANK SAVINGS INC	Thrift	10.23
EAST WEST BANKING CORP	U/KB	10.39
EAST WEST RURAL BANK INC	Rural	11.30
PHIL NATIONAL BANK	U/KB	11.72
DEVELOPMENT BANK OF THE PHIL	U/KB	12.05
MUFG BANK, LTD.	U/KB	12.24
UCPB SAVINGS BANK	Thrift	12.32
UNION BANK OF THE PHILS	U/KB	12.53
BDO UNIBANK INC	U/KB	12.59
CHINA BANKING CORP	U/KB	12.73
RIZAL COMM'L BANKING CORP	U/KB	12.87
MAYBANK PHILIPPINES INCORPORATED	U/KB	13.03
LAND BANK OF THE PHILIPPINES	U/KB	13.36
PHIL BANK OF COMMUNICATIONS	U/KB	14.23
ASIA UNITED BANK CORPORATION	U/KB	14.24
CITIBANK, N.A.	U/KB	14.29
CITY SAVINGS BANK INC	Thrift	14.92
METROPOLITAN BANK & TCO	U/KB	14.98
BANK OF COMMERCE	U/KB	15.09
BANK OF THE PHIL ISLANDS	U/KB	15.09
BPI DIRECT BANKO INC A SAVINGS BANK	Thrift	16.56
PNB SAVINGS BANK	Thrift	16.57
PHIL SAVINGS BANK	Thrift	16.61
SECURITY BANK CORP	U/KB	16.63
BPI FAMILY SAVINGS BANK INC	Thrift	17.08
MIZUHO BANK LTD - MANILA BRANCH	U/KB	17.30
STANDARD CHARTERED BANK	U/KB	18.46
BDO NETWORK BANK	Rural	18.56
HONGKONG & SHANGHAI BANKING CORP	U/KB	18.76
ROBINSONS BANK CORPORATION	U/KB	19.41
CTBC BANK (PHILIPPINES) CORP	U/KB	19.45
DEUTSCHE BANK AG	U/KB	22.78
LEGAZPI SAVINGS BANK INC	Thrift	23.58
BDO PRIVATE BANK, INC.	U/KB	25.08
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	27.25
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	U/KB	27.87
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	U/KB	29.86
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	Thrift	30.73
KEB HANA BANK - MANILA BRANCH	U/KB	31.15
BANK OF CHINA LIMITED-MANILA BRANCH	U/KB	31.41
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	34.29
MEGA INT'L COMM'L BANK CO LTD	U/KB	35.54
PHIL TRUST COMPANY	U/KB	44.29
HSBC SAVINGS BANK(PHILS) INC	Thrift	46.73
ING BANK N.V.	U/KB	49.69
BANGKOK BANK PUBLIC CO LTD	U/KB	52.73
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	U/KB	55.48
BANK OF AMERICA N.A.	U/KB	56.15
CAVITE UNITED RURAL BANK CORP	Rural	57.06
SHINHAN BANK - MANILA BRANCH	U/KB	70.38
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	83.35
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	97.59
FIRST COMMERCIAL BANK LTD MANILA BRANCH	U/KB	115.51
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	119.22
CIMB BANK PHILIPPINES INC	U/KB	131.69
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	134.88
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRANCH	U/KB	898.16
BANCO SANTIAGO DE LIBON INC	Rural	NA
BANGKO CARRASCAL INC (A RB)	Rural	NA
BUSINESS AND CONSUMERS BANK (A DB)	Thrift	NA
D' ASIAN HILLS BANK INC (A RURAL BANK)	Rural	NA
GRAND-AGRI RURAL BANK	Rural	NA
INSULAR SAVERS BANK INC (A RURAL BANK)	Rural	NA
LUZON DEVELOPMENT BANK	Thrift	NA
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift	NA
MOUNT MAKILING RURAL BANK INC	Rural	NA
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	Rural	NA
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	Rural	NA
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift	NA
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	Rural	NA
RB OF ANGELES INC	Rural	NA
RB OF DOLORES (QUEZON) INC	Rural	NA
RB OF MABITAC (LAGUNA) INC	Rural	NA
RB OF MIAGAO (ILOILO) INC	Rural	NA
RB OF PARACALE(CAMARINES NORTE) INC	Rural	NA
RBG IMPERIAL BANK INC(A RURAL BANK)	Rural	NA
RCBC SAVINGS BANK INC	Thrift	NA
TANAY RB INC	Rural	NA