Philippine Banks Improve Slightly in the 4th 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 decreased by Php 0.395 billion or -0.05% from September 30, 2019 to December 31, 2019.  This increase was supplemented by an increase of their Total Capital Cushion of Php 60.32 billion or 2.70% during the same period. As a result, the Ratio of Total Distressed Assets to Total Capital Cushion of Philippine Commercial Banks decreased by -104 percentage points, from 36.63% as of September 30, 2019 to 35.60% as of December 31, 2019. On a year on year basis, the Distressed Asset Ratio has increased by 0.25 percentage points from 35.51% as of December 31, 2018 to 35.60% as of December 31, 2019.

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

 

The Top Distressed Philippine Banks
Total Distressed Assets/ Total Capital Cushion
December 31, 2019
In Php
	December 31, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
OVERSEAS FILIPINO BANK INC A SAVINGS BANK OF LANDBANK	3,599,452,808.79	343,423,948.21	1048.11%
INTER-ASIA DEVELOPMENT BANK	580,343,583.64	93,100,536.21	623.35%
SAVIOUR RURAL BANK INC	538,855,832.15	105,124,911.77	512.59%
RB OF JAEN INC	293,516,037.18	70,952,262.57	413.68%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	835,033,299.61	211,380,771.73	395.04%
COOP BANK OF CAGAYAN	406,252,705.05	106,341,584.91	382.03%
RB OF BROOKE'S POINT (PALAWAN) INC	373,719,005.70	108,189,285.57	345.43%
BENGUET CENTER BANK INC A RB	231,439,784.76	75,941,779.86	304.76%
COMMTY RB OF DAPITAN CITY INC	465,739,134.83	155,710,142.84	299.11%
MAKILING DEVELOPMENT BANK CORPORATION	1,025,524,047.05	347,869,022.01	294.80%
UNITED COCONUT PLANTERS BANK	18,630,518,983.02	6,468,475,009.42	288.02%
RB OF DULAG (LEYTE) INC	338,944,902.96	119,405,668.67	283.86%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,780,351,786.00	1,426,617,486.87	264.99%
RB OF PILAR (BATAAN) INC	262,386,548.51	99,122,048.81	264.71%
VILLAGE BANK INC (A RURAL BANK)	276,539,442.46	107,323,745.81	257.67%
RB OF CARDONA (RIZAL) INC	334,446,900.28	134,970,533.17	247.79%
YUANTA SAVINGS BANK PHILIPPINES INC	2,706,054,176.42	1,102,416,875.42	245.47%
BANK OF CHINA LIMITED-MANILA BRANCH	24,212,701,651.08	10,101,254,880.26	239.70%
RB OF MIDSAYAP INC	239,302,699.64	111,662,598.14	214.31%
RANG-AY BANK INC (A RURAL BANK)	951,678,434.64	534,762,711.74	177.96%
BANGKO CARRASCAL INC (A RB)	178,335,230.18	103,004,762.17	173.13%
RB OF SAN MATEO(ISABELA) INC	268,889,986.64	155,374,983.45	173.06%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	600,142,043.89	352,714,022.86	170.15%
RB OF GENERAL TRIAS INC	252,002,002.50	150,183,071.71	167.80%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	245,346,138.79	154,423,979.91	158.88%
RB OF SAN LUIS (PAMPANGA) INC	168,807,015.29	110,886,625.96	152.23%
LUZON DEVELOPMENT BANK	1,082,171,322.26	749,358,995.18	144.41%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	575,266,209.26	415,729,594.05	138.38%
COMMON WEALTH RURAL BANK INC	178,471,519.28	133,729,174.88	133.46%
ENTERPRISE BANK INC (A THRIFT BANK)	590,748,040.45	452,809,102.69	130.46%
EQUICOM SAVINGS BANK INC	1,458,076,305.44	1,140,430,762.66	127.85%
BOF INC (A RURAL BANK)	790,898,470.89	644,522,302.93	122.71%
RB OF BAYOMBONG INC	219,684,296.39	179,916,625.79	122.10%
GATEWAY RURAL BANK INC	149,297,572.32	122,636,297.59	121.74%
GM BANK OF LUZON INC (A RURAL BANK)	574,876,106.57	479,747,833.76	119.83%
CHINA BANK SAVINGS INC	13,831,019,944.59	11,764,325,022.53	117.57%
ILOCOS CONSOLIDATED COOPERATIVE BANK	351,882,313.25	308,472,576.39	114.07%
UCPB SAVINGS BANK	4,197,891,846.21	3,726,979,885.87	112.64%
RB OF BAMBANG (NUEVA VIZCAYA) INC	151,253,378.82	138,079,267.69	109.54%
PHIL BANK OF COMMUNICATIONS	13,257,265,912.42	12,588,949,484.09	105.31%
RB OF MARIA AURORA (AURORA) INC	271,295,321.42	259,222,396.22	104.66%
RB OF SAN NARCISO INC	56,119,709.70	54,200,364.80	103.54%
LIPA BANK INC (A RB)	90,761,255.62	88,701,384.66	102.32%
PHILIPPINE VETERANS BANK	5,745,095,303.80	5,630,463,823.05	102.04%
CORDILLERA SAVINGS BANK INC	155,281,848.66	152,504,576.55	101.82%
Grand Total	105,523,680,858.41	61,881,412,721.43	170.53%

As a group, the distressed banks showed an increase in their Total Distressed Assets/Total Capital Cushion Ratios.  This ratio now stands at  170.53% as of December 31, 2019, up from 144.36% as of September 30, 2019.

In the fourth quarter of 2019, three banks entered the distressed banks list while four banks left the list. A fifth bank, AMA Rural Bank of Mandaluyong, was closed by the BSP on November 7, 2019.

 

Top Distressed Philippine Banks
Departures and Arrivals
Distressed Asset Ratios
September 30, 2019 to December 31, 2019
In %
Bank	December 31, 2019	September 30, 2019
Arrivals
ILOCOS CONSOLIDATED COOPERATIVE BANK	114.07%	83.36%
BOF INC (A RURAL BANK)	122.71%	97.19%
PHILIPPINE VETERANS BANK	102.04%	97.43%
Departures
COOPERATIVE BANK OF BOHOL	89.80%	114.29%
PRODUCERS SAVINGS BANK CORPORATION	77.60%	105.34%
RB OF SAN JOSE (CAMARINES SUR) INC	54.76%	100.52%
ASIA UNITED BANK CORPORATION	70.17%	104.37%
AMA RURAL BANK OF MANDALUYONG INC	NA	157.37%

The complete list of banks and their distressed asset ratios for the fourth quarter of 2019 is as follows:

 

Philippine Banking System
Total Distressed Assets/ Total Capital Cushion
June 30, 2019 to September 30, 2019
In Php
	December 31, 2019
Bank	Total Distressed Assets (In PhP)	Total Capital Cushion (In PhP)	Distressed Assets/ Total Capital Cushion (In %)
OVERSEAS FILIPINO BANK INC A SAVINGS BANK OF LANDBANK	3,599,452,808.79	343,423,948.21	1048.11%
INTER-ASIA DEVELOPMENT BANK	580,343,583.64	93,100,536.21	623.35%
SAVIOUR RURAL BANK INC	538,855,832.15	105,124,911.77	512.59%
RB OF JAEN INC	293,516,037.18	70,952,262.57	413.68%
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	835,033,299.61	211,380,771.73	395.04%
COOP BANK OF CAGAYAN	406,252,705.05	106,341,584.91	382.03%
RB OF BROOKE'S POINT (PALAWAN) INC	373,719,005.70	108,189,285.57	345.43%
BENGUET CENTER BANK INC A RB	231,439,784.76	75,941,779.86	304.76%
COMMTY RB OF DAPITAN CITY INC	465,739,134.83	155,710,142.84	299.11%
MAKILING DEVELOPMENT BANK CORPORATION	1,025,524,047.05	347,869,022.01	294.80%
UNITED COCONUT PLANTERS BANK	18,630,518,983.02	6,468,475,009.42	288.02%
RB OF DULAG (LEYTE) INC	338,944,902.96	119,405,668.67	283.86%
MALAYAN BANK SAVINGS AND MORT BANK INC	3,780,351,786.00	1,426,617,486.87	264.99%
RB OF PILAR (BATAAN) INC	262,386,548.51	99,122,048.81	264.71%
VILLAGE BANK INC (A RURAL BANK)	276,539,442.46	107,323,745.81	257.67%
RB OF CARDONA (RIZAL) INC	334,446,900.28	134,970,533.17	247.79%
YUANTA SAVINGS BANK PHILIPPINES INC	2,706,054,176.42	1,102,416,875.42	245.47%
BANK OF CHINA LIMITED-MANILA BRANCH	24,212,701,651.08	10,101,254,880.26	239.70%
RB OF MIDSAYAP INC	239,302,699.64	111,662,598.14	214.31%
RANG-AY BANK INC (A RURAL BANK)	951,678,434.64	534,762,711.74	177.96%
BANGKO CARRASCAL INC (A RB)	178,335,230.18	103,004,762.17	173.13%
RB OF SAN MATEO(ISABELA) INC	268,889,986.64	155,374,983.45	173.06%
COUNTRY BUILDERS BANK INC (A RURAL BANK)	600,142,043.89	352,714,022.86	170.15%
RB OF GENERAL TRIAS INC	252,002,002.50	150,183,071.71	167.80%
PLANBANK "RB OF CANLUBANG PLANTERS INC"	245,346,138.79	154,423,979.91	158.88%
RB OF SAN LUIS (PAMPANGA) INC	168,807,015.29	110,886,625.96	152.23%
LUZON DEVELOPMENT BANK	1,082,171,322.26	749,358,995.18	144.41%
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	575,266,209.26	415,729,594.05	138.38%
COMMON WEALTH RURAL BANK INC	178,471,519.28	133,729,174.88	133.46%
ENTERPRISE BANK INC (A THRIFT BANK)	590,748,040.45	452,809,102.69	130.46%
EQUICOM SAVINGS BANK INC	1,458,076,305.44	1,140,430,762.66	127.85%
BOF INC (A RURAL BANK)	790,898,470.89	644,522,302.93	122.71%
RB OF BAYOMBONG INC	219,684,296.39	179,916,625.79	122.10%
GATEWAY RURAL BANK INC	149,297,572.32	122,636,297.59	121.74%
GM BANK OF LUZON INC (A RURAL BANK)	574,876,106.57	479,747,833.76	119.83%
CHINA BANK SAVINGS INC	13,831,019,944.59	11,764,325,022.53	117.57%
ILOCOS CONSOLIDATED COOPERATIVE BANK	351,882,313.25	308,472,576.39	114.07%
UCPB SAVINGS BANK	4,197,891,846.21	3,726,979,885.87	112.64%
RB OF BAMBANG (NUEVA VIZCAYA) INC	151,253,378.82	138,079,267.69	109.54%
PHIL BANK OF COMMUNICATIONS	13,257,265,912.42	12,588,949,484.09	105.31%
RB OF MARIA AURORA (AURORA) INC	271,295,321.42	259,222,396.22	104.66%
RB OF SAN NARCISO INC	56,119,709.70	54,200,364.80	103.54%
LIPA BANK INC (A RB)	90,761,255.62	88,701,384.66	102.32%
PHILIPPINE VETERANS BANK	5,745,095,303.80	5,630,463,823.05	102.04%
CORDILLERA SAVINGS BANK INC	155,281,848.66	152,504,576.55	101.82%
BANCO MEXICO INC (A RURAL BANK)	57,047,493.40	60,300,130.65	94.61%
COOPERATIVE BANK OF BOHOL	104,283,560.04	116,126,780.82	89.80%
FIRST AGRO-INDUSTRIAL RB INC(FAIRBANK)	138,205,268.95	155,004,996.28	89.16%
CITY SAVINGS BANK INC	13,992,407,964.74	15,771,946,263.48	88.72%
FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK)	246,997,425.52	283,567,558.24	87.10%
BANGKO MABUHAY (A RURAL BANK) INC	296,511,041.03	344,521,242.64	86.06%
BATAAN DEVELOPMENT BANK	103,077,323.64	120,236,886.92	85.73%
DEUTSCHE BANK AG	2,002,931,219.75	2,363,335,738.52	84.75%
CITIBANK, N.A.	14,646,796,143.59	18,119,982,366.98	80.83%
CONSOLIDATED COOPERATIVE BANK	302,422,455.37	384,014,485.74	78.75%
MAYBANK PHILIPPINES INCORPORATED	11,709,737,290.82	14,979,364,177.81	78.17%
LIBERTY BANK (A RURAL BANK) INC	60,555,683.77	77,622,431.56	78.01%
LEGAZPI SAVINGS BANK INC	634,568,963.49	816,569,507.79	77.71%
PRODUCERS SAVINGS BANK CORPORATION	1,732,894,625.26	2,233,208,525.43	77.60%
RB OF MAGDALENA (LAGUNA) INC	98,752,942.90	128,197,012.39	77.03%
HIGHLAND RURAL BANK INC	142,623,920.53	186,038,608.77	76.66%
CANTILAN BANK INC (A RURAL BANK)	454,333,288.23	593,639,364.72	76.53%
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	134,967,936.45	176,961,703.46	76.27%
ENTREPRENEUR RB INC	73,250,081.30	97,448,981.22	75.17%
RB OF MIAGAO (ILOILO) INC	85,760,528.60	114,956,822.62	74.60%
CITYSTATE SAVINGS BANK INC	507,693,543.59	683,826,847.35	74.24%
PBCOM RURAL BANK INC	682,468,020.43	919,567,587.85	74.22%
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	137,064,000.50	185,228,237.28	74.00%
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	54,818,515.02	76,020,461.08	72.11%
RB OF ITOGON (BENGUET) INC	97,508,844.07	138,749,885.35	70.28%
ASIA UNITED BANK CORPORATION	21,220,568,498.84	30,243,403,814.72	70.17%
STERLING BANK OF ASIA INC (A SAVINGS BANK)	2,529,368,720.88	3,624,896,160.55	69.78%
RB OF MABALACAT INC	68,025,468.23	98,246,370.59	69.24%
RB OF SAN PASCUAL(OBANDO BULACAN)INC	58,205,730.90	85,710,801.76	67.91%
PNB SAVINGS BANK	8,621,866,823.65	12,704,073,605.02	67.87%
SUGBUANON RB INC	77,216,614.80	113,938,239.90	67.77%
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	411,364,549.00	612,323,323.05	67.18%
NEW RB OF SAN LEONARDO (N.E.) INC	167,420,557.83	255,664,975.85	65.48%
CEBUANA LHUILLIER RB INC	103,920,152.14	159,724,343.85	65.06%
AGRIBUSINESS RURAL BANK INC	811,587,172.83	1,283,507,911.42	63.23%
UNIVERSITY SAVINGS BANK INC	292,781,482.05	463,917,096.24	63.11%
PHIL SAVINGS BANK	21,526,221,753.06	34,167,812,372.18	63.00%
ALIAGA FARMERS RURAL BANK INC	118,387,535.69	190,397,804.86	62.18%
WEALTH DEVELOPMENT BANK CORPORATION	1,016,284,225.49	1,640,981,343.32	61.93%
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	54,492,727.34	89,429,018.11	60.93%
COOPERATIVE BANK OF NUEVA VIZCAYA	81,807,589.96	134,479,351.51	60.83%
COOP BANK OF PALAWAN	140,424,237.49	234,622,559.59	59.85%
CAMALIG BANK INC (A RURAL BANK)	184,412,443.18	310,835,457.41	59.33%
RB OF SAN AGUSTIN (ISABELA) INC	33,929,950.13	58,157,523.50	58.34%
DUMAGUETE CITY DEV BANK INC	202,038,136.27	347,628,399.87	58.12%
RB OF GATTARAN (CAGAYAN) INC	62,951,424.83	109,513,436.67	57.48%
HIYAS BANKING CORPORATION	117,566,958.19	207,286,320.92	56.72%
RB OF POZORRUBIO INC	25,913,241.31	45,910,405.27	56.44%
MARITIME SAVINGS BANK CORPORATION	33,530,580.75	59,886,125.75	55.99%
MALARAYAT RB INC	114,392,500.72	204,846,992.45	55.84%
BHF RURAL BANK INC	192,723,749.96	348,405,241.98	55.32%
RIZAL COMM'L BANKING CORP	56,751,295,353.91	103,176,901,726.55	55.00%
MINDANAO CONSOLIDATED COOPERATIVE BANK	243,877,618.08	444,320,431.01	54.89%
RB OF SAN JOSE (CAMARINES SUR) INC	98,962,230.53	180,723,992.18	54.76%
BDO NETWORK BANK INC	4,350,371,091.44	8,000,322,107.07	54.38%
PANGASINAN BANK (A RB) INC	46,556,382.73	87,544,293.97	53.18%
RB OF PORAC (PAMPANGA) INC	174,260,472.39	329,014,051.57	52.96%
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	118,368,342.16	229,335,294.96	51.61%
RB OF BAGABAG (N.V.)INC	105,742,319.99	205,054,499.21	51.57%
BPI DIRECT BANKO INC A SAVINGS BANK	1,674,995,583.85	3,271,395,733.52	51.20%
BANK OF MAKATI (A SAVINGS BANK) INC	5,460,490,883.66	10,754,523,580.66	50.77%
RNG COASTAL BANK INC(A RURAL BANK)	87,679,695.05	173,785,879.00	50.45%
BPI FAMILY SAVINGS BANK INC	17,390,455,153.46	35,615,183,620.49	48.83%
COOP BANK OF QUEZON PROVINCE	63,507,587.01	130,503,868.26	48.66%
CARD SME BANK INC A THRIFT BANK	628,026,828.38	1,304,524,341.74	48.14%
ASPAC RURAL BANK INC	163,745,573.19	340,909,595.47	48.03%
BANKWAYS INC (A RURAL BANK)	122,145,628.99	259,711,159.22	47.03%
RB OF DUMANGAS INC	48,824,232.30	103,861,932.90	47.01%
SUMMIT BANK (RB OF TUBLAY INC)	190,810,983.34	406,455,452.90	46.95%
GOLDEN RURAL BANK OF THE PHILIPPINES INC	36,280,590.74	77,549,601.60	46.78%
METRO SOUTH COOP BANK	474,899,351.00	1,028,643,764.96	46.17%
RB OF LEBAK (SULTAN KUDARAT) INC	54,990,959.63	119,237,505.12	46.12%
RB OF MARAGONDON INC	39,088,074.22	85,366,629.33	45.79%
PHIL STAR DEVELOPMENT BANK INC	101,280,679.81	221,200,575.11	45.79%
QUEZON CAPITAL RB INC	167,830,492.40	382,331,267.74	43.90%
COMMTY RB OF CATMON (CEBU) INC	64,334,444.11	147,115,468.97	43.73%
SUN SAVINGS BANK INC	145,543,156.01	336,209,499.51	43.29%
DEVELOPMENT BANK OF THE PHIL	26,762,460,779.80	62,331,081,200.59	42.94%
BANK ONE SAVINGS CORPORATION	275,242,083.82	658,488,237.82	41.80%
PHIL NATIONAL BANK	65,662,091,765.00	157,667,135,792.08	41.65%
UNION BANK OF THE PHILS	36,395,519,699.44	87,975,550,657.98	41.37%
FIRST TAGUM RURAL BANK INC	125,211,059.49	302,878,630.05	41.34%
STANDARD CHARTERED BANK	3,699,574,538.53	8,961,809,635.94	41.28%
CHINA BANKING CORP	39,826,206,963.36	96,998,013,870.19	41.06%
MVSM BANK (A RURAL BANK SINCE 1953) INC	64,712,292.36	158,201,812.29	40.90%
FILIDIAN RURAL BANK OF ANTIPOLO INC	62,714,998.91	153,750,595.76	40.79%
FARMERS SAVINGS & LOAN BANK INC	67,795,985.87	168,378,910.83	40.26%
RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK)	32,194,065.07	81,463,605.37	39.52%
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	91,446,184.50	233,934,501.68	39.09%
BALANGA RURAL BANK, INC.	31,742,173.75	81,717,209.66	38.84%
MEGA INT'L COMM'L BANK CO LTD	1,413,713,774.90	3,665,460,212.71	38.57%
ALLBANK (A THRIFT BANK) INC	429,936,682.42	1,117,860,564.12	38.46%
RB OF PARACALE(CAMARINES NORTE) INC	43,974,010.11	115,928,467.42	37.93%
EAST WEST RURAL BANK INC	1,607,619,711.15	4,264,901,847.77	37.69%
BANK OF COMMERCE	6,714,612,489.41	18,228,769,647.34	36.84%
MALLIG PLAINS RURAL BANK (ISABELA) INC	50,340,325.55	137,442,806.10	36.63%
HONGKONG & SHANGHAI BANKING CORP	5,706,696,960.87	15,667,376,482.54	36.42%
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	51,880,507.75	142,699,920.16	36.36%
RB OF ANGELES INC	230,593,279.53	644,505,330.15	35.78%
BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK)	197,252,273.21	552,059,587.61	35.73%
COOP BANK OF COTABATO	260,475,891.91	729,945,740.23	35.68%
MANOR BANK - A RURAL BANK CORP	43,318,705.68	121,518,853.76	35.65%
BANGKO MONTANOSA INC (A RURAL BANK)	44,521,120.43	125,768,943.70	35.40%
RB OF PILAR (SORSOGON) INC	34,809,057.59	98,346,632.60	35.39%
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	47,649,087.73	135,960,967.89	35.05%
PACIFIC ACE SAVINGS BANK INC	31,314,520.28	90,011,486.59	34.79%
1ST VALLEY BANK INC A DEVELOPMENT BANK	780,381,122.42	2,279,264,962.82	34.24%
RB OF ALABEL (SARANGANI) INC	37,076,967.04	108,989,992.13	34.02%
MARAYO BANK INC (A RURAL BANK)	288,539,863.39	857,498,802.16	33.65%
RURAL BANK OF SAN ANTONIO INC	53,446,541.36	160,610,472.19	33.28%
NORTHPOINT DEV'T BANK INC	156,713,638.37	472,747,489.00	33.15%
SECURED BANK INC (A RB)	44,916,860.56	136,953,488.47	32.80%
RB OF GUINOBATAN INC	39,808,106.62	122,760,746.35	32.43%
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	4,166,354,175.88	12,938,371,079.86	32.20%
RIZAL MICROBANK INC - A THRIFT BANK OF RCBC	200,915,017.95	633,855,955.14	31.70%
RB OF SOLANO (NUEVA VIZCAYA) INC	71,356,924.19	226,735,099.51	31.47%
RB OF BAY INC	21,682,747.10	69,237,937.45	31.32%
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	261,061,046.06	834,681,548.38	31.28%
KATIPUNAN BANK INC "A RURAL BANK"	160,577,405.97	516,419,626.23	31.09%
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	55,521,842.21	180,137,467.82	30.82%
PAMPANGA DEVELOPMENT BANK	99,958,079.55	326,626,608.61	30.60%
GUAGUA RURAL BANK INC	390,131,267.86	1,278,314,174.76	30.52%
RB OF ROSARIO (LA UNION) INC	20,162,152.30	67,160,694.45	30.02%
LAND BANK OF THE PHILIPPINES	40,424,754,581.96	135,885,948,970.97	29.75%
RB OF CAUAYAN INC	80,442,062.33	273,666,920.46	29.39%
FIRST CONSOLIDATED BANK INC (A PDB)	1,545,993,153.74	5,286,697,137.85	29.24%
PHIL TRUST COMPANY	7,839,706,823.79	27,325,617,213.61	28.69%
ROBINSONS BANK CORPORATION	4,905,153,873.65	17,250,012,776.41	28.44%
LIFE SAVINGS BANK INC	21,177,249.57	77,334,529.92	27.38%
RB OF ATIMONAN INC	19,262,688.35	71,212,699.87	27.05%
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	180,506,285.59	687,257,340.18	26.26%
METROPOLITAN BANK & TCO	86,276,238,837.52	330,964,444,463.12	26.07%
BDO UNIBANK INC	92,460,263,582.67	364,901,550,236.07	25.34%
EAST WEST BANKING CORP	12,119,154,987.20	49,106,510,841.81	24.68%
CARD BANK INC (A MF RB)	739,013,895.87	3,085,677,614.26	23.95%
SECURITY BANK CORP	27,383,707,931.70	114,578,333,001.63	23.90%
FIRST ISABELA COOP BANK (FICOBANK)	238,983,405.91	1,000,398,408.77	23.89%
RB OF TANGUB CITY (MIS OCC) INC	28,803,247.45	123,864,793.64	23.25%
RB OF ANTIPOLO INC	26,752,588.13	115,506,035.69	23.16%
CENTURY RURAL BANK INC	19,351,539.36	83,855,998.67	23.08%
LIFEBANK- A RURAL BANK	66,362,110.20	289,034,066.75	22.96%
BANGKOK BANK PUBLIC CO LTD	1,520,915,032.46	6,848,672,843.00	22.21%
CTBC BANK (PHILIPPINES) CORP	2,140,946,895.85	9,773,164,475.97	21.91%
HSBC SAVINGS BANK(PHILS) INC	370,845,946.55	1,714,640,097.09	21.63%
ZAMBALES RURAL BANK INC	40,907,325.61	191,321,861.20	21.38%
NATIONAL TEACHERS & EMP. COOP BANK	29,372,292.14	137,834,521.77	21.31%
RB OF DIGOS INC	46,089,037.79	221,015,467.28	20.85%
BAYBANK INC (A RURAL BANK)	20,957,919.44	100,919,904.37	20.77%
QUEZON COCONUT BANK INC (A THRIFT BANK)	11,412,128.56	58,230,096.03	19.60%
IMUS RURAL BANK INC	41,534,419.72	217,902,126.69	19.06%
RBT BANK INC A RURAL BANK	37,354,466.12	197,118,596.55	18.95%
RB OF POLA (ORIENTAL MINDORO) INC	62,137,099.65	330,495,564.59	18.80%
RB OF STA IGNACIA INC	22,283,867.08	123,696,742.28	18.01%
RB OF MONTALBAN INC	12,214,008.98	68,526,966.50	17.82%
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	27,866,292.33	169,544,106.21	16.44%
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	28,362,399.65	176,523,049.06	16.07%
CIMB BANK PHILIPPINES INC	484,617,216.16	3,214,010,693.28	15.08%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED	596,823,811.16	4,304,570,425.80	13.86%
CENTURY SAVINGS BANK CORPORATION	125,990,914.68	949,376,627.40	13.27%
BANK OF THE PHIL ISLANDS	34,320,545,710.08	260,136,679,830.19	13.19%
RB OF BARILI (CEBU) INC	48,933,903.43	442,579,902.44	11.06%
GUAGUA SAVERS BANK(A RB) INC	9,550,991.36	93,031,809.01	10.27%
BDO PRIVATE BANK, INC.	451,555,582.56	4,647,397,873.58	9.72%
ING BANK N.V.	641,419,472.49	7,118,406,306.23	9.01%
CAVITE UNITED RURAL BANK CORP	38,301,507.43	427,424,706.93	8.96%
LEMERY SAVINGS & LOAN BANK, INC.	6,642,939.66	88,098,842.14	7.54%
RB OF GLORIA (OR MIN) INC	7,251,667.31	106,156,362.80	6.83%
MIZUHO BANK LTD - MANILA BRANCH	511,792,608.40	9,159,972,006.72	5.59%
JP MORGAN CHASE BANK NATIONAL ASSN.	290,816,663.48	6,534,099,000.00	4.45%
ISLA BANK(A THRIFT BANK) INC	31,138,393.82	764,652,362.07	4.07%
INNOVATIVE BANK INC (A RURAL BANK)	15,175,352.68	373,319,083.45	4.06%
MUFG BANK, LTD.	134,671,319.51	10,175,094,289.82	1.32%
CATHAY UNITED BANK CO LTD - MANILA BRANCH	55,022,635.97	5,199,563,784.24	1.06%
SHINHAN BANK - MANILA BRANCH	32,748,570.10	4,245,384,842.02	0.77%
KEB HANA BANK - MANILA BRANCH	42,691,330.20	5,780,381,362.01	0.74%
BANK OF AMERICA N.A.	34,097,412.02	4,639,130,639.97	0.73%
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	14,766,367.01	2,113,708,217.10	0.70%
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	12,231,659.53	2,394,389,243.99	0.51%
SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH	64,083,896.91	13,033,366,407.91	0.49%
CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH	9,412,805.81	2,213,506,523.20	0.43%
FIRST COMMERCIAL BANK LTD MANILA BRANCH	9,128,344.39	2,164,868,655.82	0.42%
INDUSTRIAL BANK OF KOREA MANILA BRANCH	12,617,500.05	3,982,694,654.73	0.32%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA	12,434,778.46	4,003,277,763.85	0.31%
ARDCIBANK INC A RURAL BANK	NA	NA	NA
CITIZEN'S RB (CABIAO) INC	NA	NA	NA
COOP BANK OF BENGUET (CBB)	NA	NA	NA
CSFIRST BANK INC - A RURAL BANK	NA	NA	NA
LAGAWE HIGHLANDS RB INC	NA	NA	NA
METRO CEBU PUBLIC SAVINGS BANK	NA	NA	NA
MT CARMEL RURAL BANK INC	NA	NA	NA
RB OF PANDI (BULACAN) INC	NA	NA	NA
SOUTH BANK (A RURAL BANK) INC	NA	NA	NA
STA MARIA RURAL BANK INC	NA	NA	NA
AMA RURAL BANK OF MANDALUYONG INC	NA	NA	NA
Grand Total	814,750,641,552.13	2,288,778,174,176.97	35.60%

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 September 30, 2019 and December 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.