Overstated Capital of Philippine Banks as of December 31, 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 December 31, 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 33.00% of its Stockholder's Equity.
 
Retained Earnings
 
Three banks on the list have sufficient Retained Earnings (RE) to absorb their unbooked losses as of December 31, 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

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

Overstated Capital of Philippine Banks as of June 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 June 30, 2019. Fortunately, not one bank has deferred charges large enough to adversely impact its Stockholder's Equity (SE).

 

Retained Earnings

All banks on the list have sufficient Retained Earnings (RE) to absorb their unbooked losses as of June 30, 2019.

The Financial Strength of Philippine Rural and Cooperative Banks according to BSP: From Weakest to Strongest - As of December 31, 2018

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).

In the aggregate, Philippine Rural and Cooperative Banks (RBs) are well capitalized. As of December 31, 2018, Total CAR is 19.87%, a healthy ratio.

Every quarter, several Philippine RBs do not meet these guidelines. As of December 31, 2018, the RBs that failed to meet BSP's recommended minimum capital requirements are as follows:


 TOTAL CAR:  

1. D'Asian Hills Bank Inc (Total CAR of -3.06)
2. Rural Bank of Mabitac (Laguna) Inc (Total CAR of 5.03)
3. Coop Bank of Benguet (Total CAR of 9.06)

 

TIER ONE CAR

A number of RBs reported a Tier One CAR of 0.00 as of December 31, 2018. These are as follows:

1. Insular Savers Bank
2. Lifebank 
3. MVSM Bank Inc
4. Progressive Bank Inc
5. Rural Bank of San Luis (Pampanga) Inc
6. Summit Bank (Rural Bank of Tublay Inc)

Of those that did report Tier One CAR greater than 0.00, three banks have less than the BSP-recommended Tier One CARs of 10.00. These banks are:

1. D'Asian Hills Bank Inc (Tier One CAR of -3.06)
2. Rural Bank of Mabitac (Laguna) Inc (Tier One CAR of 0.05)
3. Coop Bank of Benguet (Tier One CAR of 4.53)
4. Tanay Rural Bank (Tier One CAR of 5.50)
5. GM Bank of Luzon Inc (Tier One CAR of 8.96)
6. Mt Carmel Rural Bank Inc (Tier One CAR of 9.40)
7. Gateway Rural Bank Inc (Tier One CAR of 9.67)
8. Valiant Bank Inc (Tier Onel CAR of 9.75)

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 twenty-three banks reported Tier One CAR of 0.00 as of December 31, 2018. Of those that did report Tier One CAR greater than 0.00, one bank has less than the BSP-recommended Tier One CARs of 10.00:

 

1. Sugbuanon Rural Bank (Tier One CAR of 9.58)

The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Rural and Cooperative Banks as of December 31, 2018 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):

 

 

Philippine Rural Banking System
TOTAL CAR
December 31, 2018
Bank	Type of Bank	Total CAR
D' ASIAN HILLS BANK INC (A RURAL BANK)	RB	-3.06
RB OF MABITAC (LAGUNA) INC	RB	5.03
COOP BANK OF BENGUET (CBB)	RB	9.06
VALIANT BANK INC (A RURAL BANK)	RB	10.72
COOPERATIVE BANK OF BOHOL	RB	10.78
LAGAWE HIGHLANDS RB INC	RB	10.78
TANAY RB INC	RB	11.04
GM BANK OF LUZON INC (A RURAL BANK)	RB	11.10
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	RB	11.50
RB OF SAN MATEO(ISABELA) INC	RB	11.95
RB OF SAN PASCUAL(OBANDO BULACAN)INC	RB	12.49
RB OF MABALACAT INC	RB	12.76
RB OF GATTARAN (CAGAYAN) INC	RB	12.82
VILLAGE BANK INC (A RURAL BANK)	RB	13.00
RB OF LEBAK (SULTAN KUDARAT) INC	RB	13.01
SUMMIT BANK (RB OF TUBLAY INC)	RB	13.03
GATEWAY RURAL BANK INC	RB	13.08
MT CARMEL RURAL BANK INC	RB	13.08
RB OF MARAGONDON INC	RB	13.27
MALLIG PLAINS RURAL BANK (ISABELA) INC	RB	13.32
GRAND-AGRI RURAL BANK	RB	13.36
RB OF POZORRUBIO INC	RB	13.39
COMMTY RB OF CATMON (CEBU) INC	RB	13.54
RB OF JAEN INC	RB	13.70
ENTREPRENEUR RB INC	RB	13.97
CANTILAN BANK INC (A RURAL BANK)	RB	13.99
ILOCOS CONSOLIDATED COOPERATIVE BANK	RB	14.11
QUEZON CAPITAL RB INC	RB	14.11
BENGUET CENTER BANK INC A RB	RB	14.12
LIBERTY BANK (A RURAL BANK) INC	RB	14.32
RB OF BAMBANG (NUEVA VIZCAYA) INC	RB	14.38
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	RB	14.43
COOP BANK OF CAGAYAN	RB	14.95
SOUTH BANK (A RURAL BANK) INC	RB	15.17
RB OF DUMANGAS INC	RB	15.26
RB OF MAGDALENA (LAGUNA) INC	RB	15.28
RB OF TANGUB CITY (MIS OCC) INC	RB	15.38
RB OF BAY INC	RB	15.53
RB OF CARDONA (RIZAL) INC	RB	15.55
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	RB	15.57
MVSM BANK (A RURAL BANK SINCE 1953) INC	RB	15.82
RB OF PILAR (SORSOGON) INC	RB	15.94
GOLDEN RURAL BANK OF THE PHILIPPINES INC	RB	16.02
PBCOM RURAL BANK INC	RB	16.11
ALIAGA FARMERS RURAL BANK INC	RB	16.25
COUNTRY BUILDERS BANK INC (A RURAL BANK)	RB	16.29
KATIPUNAN BANK INC "A RURAL BANK"	RB	16.61
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	RB	16.65
BOF INC (A RURAL BANK)	RB	16.67
RB OF ROSARIO (LA UNION) INC	RB	16.67
RB OF ITOGON (BENGUET) INC	RB	16.87
PLANBANK "RB OF CANLUBANG PLANTERS INC"	RB	17.41
NEW RB OF SAN LEONARDO(N.E.) INC	RB	17.48
RB OF GUINOBATAN INC	RB	17.52
EAST WEST RURAL BANK INC	RB	17.64
RB OF DIGOS INC	RB	17.65
BANGKO MABUHAY (A RURAL BANK) INC	RB	17.67
SAVIOUR RURAL BANK INC	RB	17.68
CONSOLIDATED COOPERATIVE BANK	RB	17.82
METRO SOUTH COOP BANK	RB	17.97
ASPAC RURAL BANK INC	RB	18.10
RB OF CAUAYAN INC	RB	18.16
CENTURY RURAL BANK INC	RB	18.29
COOP BANK OF QUEZON PROVINCE	RB	18.30
CAMALIG BANK INC (A RURAL BANK)	RB	18.50
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	RB	18.66
AGRIBUSINESS RURAL BANK INC	RB	18.93
COMMON WEALTH RURAL BANK INC	RB	19.28
RB OF DOLORES (QUEZON) INC	RB	19.29
RB OF ANGELES INC	RB	19.51
FIRST ISABELA COOP BANK INC(FICOBANK)	RB	19.57
RB OF PARACALE(CAMARINES NORTE) INC	RB	19.59
COOPERATIVE BANK OF NUEVA VIZCAYA	RB	19.73
RB OF PANDI (BULACAN) INC	RB	19.73
RB OF PORAC (PAMPANGA) INC	RB	19.78
RB OF GENERAL TRIAS INC	RB	19.89
STA MARIA RURAL BANK INC	RB	19.95
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	RB	20.04
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	RB	20.07
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	RB	20.34
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	RB	20.43
CARD BANK INC (A MF RB)	RB	20.63
RANG-AY BANK INC (A RURAL BANK)	RB	20.64
GUAGUA RURAL BANK INC	RB	20.67
BANKWAYS INC (A RURAL BANK)	RB	21.55
CEBUANA LHUILLIER RB INC	RB	21.67
HIGHLAND RURAL BANK INC	RB	21.68
COMMTY RB OF DAPITAN CITY INC	RB	21.84
MALARAYAT RB INC	RB	22.23
RB OF STA IGNACIA INC	RB	22.29
RB OF MONTALBAN INC	RB	22.55
BANGKO MONTANOSA INC (A RURAL BANK)	RB	22.73
RB OF PILAR (BATAAN) INC	RB	24.19
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	RB	24.30
RB OF SAN LUIS (PAMPANGA) INC	RB	24.34
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	RB	24.38
BANCO SANTIAGO DE LIBON INC	RB	24.75
RB OF BAGABAG (N.V.)INC	RB	25.08
MARAYO BANK INC (A RURAL BANK)	RB	25.52
FIRST TAGUM RURAL BANK INC	RB	25.56
GUAGUA SAVERS BANK(A RB) INC	RB	25.80
BALANGA RURAL BANK, INC.	RB	26.05
RB OF MIAGAO (ILOILO) INC	RB	26.15
IMUS RURAL BANK INC	RB	26.96
COOP BANK OF COTABATO	RB	27.04
RB OF BAYOMBONG INC	RB	27.12
RURAL BANK OF SAN ANTONIO INC	RB	27.13
RB OF BARILI (CEBU) INC	RB	27.26
LIFEBANK- A RURAL BANK	RB	27.74
RBT BANK INC A RURAL BANK	RB	27.79
AMA RURAL BANK OF MANDALUYONG INC	RB	28.89
SUGBUANON RB INC	RB	29.02
RBG IMPERIAL BANK INC(A RURAL BANK)	RB	29.35
RB OF DULAG (LEYTE) INC	RB	29.93
RB OF BROOKE'S POINT (PALAWAN) INC	RB	31.04
MOUNT MAKILING RURAL BANK INC	RB	31.46
SECURED BANK INC (A RB)	RB	31.61
RB OF ALABEL (SARANGANI) INC	RB	31.84
INSULAR SAVERS BANK INC (A RURAL BANK)	RB	32.05
RB OF MARIA AURORA (AURORA) INC	RB	33.72
RB OF SOLANO (NUEVA VIZCAYA) INC	RB	35.37
NATIONAL TEACHERS & EMP. COOP BANK	RB	36.02
RB OF GLORIA (OR MIN) INC	RB	36.82
BANGKO CARRASCAL INC (A RB)	RB	37.53
RB OF MIDSAYAP INC	RB	38.52
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	RB	39.40
RNG COASTAL BANK INC(A RURAL BANK)	RB	39.66
BHF RURAL BANK INC	RB	40.31
ARDCIBANK INC A RURAL BANK	RB	43.87
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	RB	44.72
MANOR BANK - A RURAL BANK CORP	RB	45.34
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	RB	52.32
RB OF ANTIPOLO INC	RB	55.82
FILIDIAN RURAL BANK OF ANTIPOLO INC	RB	58.07
CAVITE UNITED RURAL BANK CORP	RB	69.28
INNOVATIVE BANK INC (A RURAL BANK)	RB	190.20
RB OF POLA (ORIENTAL MINDORO) INC	RB	289.24

 

 

 

Philippine Rural Banking System
Tier 1 CAR
December 31, 2018
Bank	Type of Bank	Tier 1 CAR
D' ASIAN HILLS BANK INC (A RURAL BANK)	RB	-3.06
INSULAR SAVERS BANK INC (A RURAL BANK)	RB	0.00
LIFEBANK- A RURAL BANK	RB	0.00
MVSM BANK (A RURAL BANK SINCE 1953) INC	RB	0.00
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	RB	0.00
RB OF SAN LUIS (PAMPANGA) INC	RB	0.00
SUMMIT BANK (RB OF TUBLAY INC)	RB	0.00
RB OF MABITAC (LAGUNA) INC	RB	0.05
COOP BANK OF BENGUET (CBB)	RB	4.53
TANAY RB INC	RB	5.50
GM BANK OF LUZON INC (A RURAL BANK)	RB	8.96
MT CARMEL RURAL BANK INC	RB	9.40
GATEWAY RURAL BANK INC	RB	9.67
VALIANT BANK INC (A RURAL BANK)	RB	9.75
SUGBUANON RB INC	RB	10.12
LAGAWE HIGHLANDS RB INC	RB	10.25
COOPERATIVE BANK OF BOHOL	RB	10.43
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	RB	10.88
RB OF SAN MATEO(ISABELA) INC	RB	11.51
RB OF SAN PASCUAL(OBANDO BULACAN)INC	RB	11.84
RB OF LEBAK (SULTAN KUDARAT) INC	RB	12.16
VILLAGE BANK INC (A RURAL BANK)	RB	12.68
RB OF MABALACAT INC	RB	12.71
GRAND-AGRI RURAL BANK	RB	12.76
MALLIG PLAINS RURAL BANK (ISABELA) INC	RB	12.80
RB OF GATTARAN (CAGAYAN) INC	RB	12.81
COMMTY RB OF CATMON (CEBU) INC	RB	13.01
RB OF JAEN INC	RB	13.17
EAST WEST RURAL BANK INC	RB	13.19
RB OF MARAGONDON INC	RB	13.23
QUEZON CAPITAL RB INC	RB	13.36
ILOCOS CONSOLIDATED COOPERATIVE BANK	RB	13.47
RB OF BAMBANG (NUEVA VIZCAYA) INC	RB	13.55
ENTREPRENEUR RB INC	RB	13.61
BENGUET CENTER BANK INC A RB	RB	13.72
LIBERTY BANK (A RURAL BANK) INC	RB	13.96
PBCOM RURAL BANK INC	RB	14.51
SOUTH BANK (A RURAL BANK) INC	RB	14.55
CARD BANK INC (A MF RB)	RB	14.58
RB OF BAY INC	RB	14.90
RB OF MAGDALENA (LAGUNA) INC	RB	15.02
RB OF CARDONA (RIZAL) INC	RB	15.11
NEW RB OF SAN LEONARDO(N.E.) INC	RB	15.32
ALIAGA FARMERS RURAL BANK INC	RB	15.67
BOF INC (A RURAL BANK)	RB	15.67
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	RB	15.82
KATIPUNAN BANK INC "A RURAL BANK"	RB	15.95
RB OF ITOGON (BENGUET) INC	RB	16.50
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	RB	16.68
RB OF GUINOBATAN INC	RB	16.76
PLANBANK "RB OF CANLUBANG PLANTERS INC"	RB	16.80
RB OF DIGOS INC	RB	17.00
COUNTRY BUILDERS BANK INC (A RURAL BANK)	RB	17.01
METRO SOUTH COOP BANK	RB	17.03
CAMALIG BANK INC (A RURAL BANK)	RB	17.30
BANGKO MABUHAY (A RURAL BANK) INC	RB	17.49
RB OF CAUAYAN INC	RB	17.75
CENTURY RURAL BANK INC	RB	17.76
ASPAC RURAL BANK INC	RB	17.82
RB OF MONTALBAN INC	RB	18.04
SAVIOUR RURAL BANK INC	RB	18.73
AGRIBUSINESS RURAL BANK INC	RB	18.93
RB OF PORAC (PAMPANGA) INC	RB	18.95
FIRST ISABELA COOP BANK INC(FICOBANK)	RB	18.96
RB OF PARACALE(CAMARINES NORTE) INC	RB	18.98
RB OF PANDI (BULACAN) INC	RB	19.22
RB OF ANGELES INC	RB	19.40
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	RB	19.57
STA MARIA RURAL BANK INC	RB	19.66
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	RB	19.68
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	RB	19.81
GUAGUA RURAL BANK INC	RB	20.32
RANG-AY BANK INC (A RURAL BANK)	RB	20.40
BANKWAYS INC (A RURAL BANK)	RB	20.70
COMMTY RB OF DAPITAN CITY INC	RB	21.25
HIGHLAND RURAL BANK INC	RB	21.34
CEBUANA LHUILLIER RB INC	RB	21.37
RB OF STA IGNACIA INC	RB	21.48
BANGKO MONTANOSA INC (A RURAL BANK)	RB	22.43
FIRST TAGUM RURAL BANK INC	RB	23.62
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	RB	23.95
RB OF PILAR (BATAAN) INC	RB	23.97
BANCO SANTIAGO DE LIBON INC	RB	24.00
RB OF BAGABAG (N.V.)INC	RB	24.50
MALARAYAT RB INC	RB	25.20
BALANGA RURAL BANK, INC.	RB	25.52
RB OF MIAGAO (ILOILO) INC	RB	25.81
COOP BANK OF COTABATO	RB	26.25
RURAL BANK OF SAN ANTONIO INC	RB	26.30
RB OF BAYOMBONG INC	RB	26.81
RBT BANK INC A RURAL BANK	RB	27.23
AMA RURAL BANK OF MANDALUYONG INC	RB	27.30
RB OF POZORRUBIO INC	RB	28.97
RBG IMPERIAL BANK INC(A RURAL BANK)	RB	28.97
RB OF BROOKE'S POINT (PALAWAN) INC	RB	30.57
SECURED BANK INC (A RB)	RB	30.70
MOUNT MAKILING RURAL BANK INC	RB	30.99
RB OF ALABEL (SARANGANI) INC	RB	31.00
RB OF MARIA AURORA (AURORA) INC	RB	32.95
RB OF SOLANO (NUEVA VIZCAYA) INC	RB	34.70
NATIONAL TEACHERS & EMP. COOP BANK	RB	35.29
BANGKO CARRASCAL INC (A RB)	RB	36.83
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	RB	38.83
RNG COASTAL BANK INC(A RURAL BANK)	RB	39.33
ARDCIBANK INC A RURAL BANK	RB	43.46
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	RB	44.22
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	RB	52.16
COOP BANK OF CAGAYAN	RB	56.47
FILIDIAN RURAL BANK OF ANTIPOLO INC	RB	57.78
GOLDEN RURAL BANK OF THE PHILIPPINES INC	RB	64.04
RB OF ROSARIO (LA UNION) INC	RB	64.63
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	RB	67.86
CAVITE UNITED RURAL BANK CORP	RB	69.28
RB OF PILAR (SORSOGON) INC	RB	72.47
RB OF DOLORES (QUEZON) INC	RB	72.94
GUAGUA SAVERS BANK(A RB) INC	RB	74.21
RB OF TANGUB CITY (MIS OCC) INC	RB	85.84
RB OF DUMANGAS INC	RB	86.32
RB OF MIDSAYAP INC	RB	93.27
COOPERATIVE BANK OF NUEVA VIZCAYA	RB	93.64
COMMON WEALTH RURAL BANK INC	RB	96.59
RB OF ANTIPOLO INC	RB	98.55
BHF RURAL BANK INC	RB	99.13
RB OF DULAG (LEYTE) INC	RB	100.10
RB OF GLORIA (OR MIN) INC	RB	102.10
COOP BANK OF QUEZON PROVINCE	RB	103.45
MANOR BANK - A RURAL BANK CORP	RB	113.13
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	RB	114.09
RB OF GENERAL TRIAS INC	RB	118.13
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	RB	153.20
IMUS RURAL BANK INC	RB	217.59
CONSOLIDATED COOPERATIVE BANK	RB	220.87
RB OF POLA (ORIENTAL MINDORO) INC	RB	287.01
CANTILAN BANK INC (A RURAL BANK)	RB	309.19
RB OF BARILI (CEBU) INC	RB	338.79
INNOVATIVE BANK INC (A RURAL BANK)	RB	354.50
MARAYO BANK INC (A RURAL BANK)	RB	570.23

 

 

 

Philippine Rural Banking System
Common Tier 1 Ratio
December 31, 2018
Bank	Type of Bank	Common Tier 1 Ratio
AGRIBUSINESS RURAL BANK INC	RB	0.00
ALIAGA FARMERS RURAL BANK INC	RB	0.00
AMA RURAL BANK OF MANDALUYONG INC	RB	0.00
ARDCIBANK INC A RURAL BANK	RB	0.00
ASPAC RURAL BANK INC	RB	0.00
BALANGA RURAL BANK, INC.	RB	0.00
BANCO LAGUNA INC (A RURAL BANK SINCE 1965)	RB	0.00
BANCO SANTIAGO DE LIBON INC	RB	0.00
BANGKO CARRASCAL INC (A RB)	RB	0.00
BANGKO MABUHAY (A RURAL BANK) INC	RB	0.00
BANGKO MONTANOSA INC (A RURAL BANK)	RB	0.00
BANKWAYS INC (A RURAL BANK)	RB	0.00
BENGUET CENTER BANK INC A RB	RB	0.00
BHF RURAL BANK INC	RB	0.00
BOF INC (A RURAL BANK)	RB	0.00
CAMALIG BANK INC (A RURAL BANK)	RB	0.00
CANTILAN BANK INC (A RURAL BANK)	RB	0.00
CARD BANK INC (A MF RB)	RB	0.00
CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK	RB	0.00
CEBUANA LHUILLIER RB INC	RB	0.00
CENTURY RURAL BANK INC	RB	0.00
COMMON WEALTH RURAL BANK INC	RB	0.00
COMMTY RB OF CATMON (CEBU) INC	RB	0.00
COMMTY RB OF DAPITAN CITY INC	RB	0.00
CONSOLIDATED COOPERATIVE BANK	RB	0.00
COOP BANK OF BENGUET (CBB)	RB	0.00
COOP BANK OF CAGAYAN	RB	0.00
COOP BANK OF COTABATO	RB	0.00
COOP BANK OF QUEZON PROVINCE	RB	0.00
COOPERATIVE BANK OF BOHOL	RB	0.00
COOPERATIVE BANK OF NUEVA VIZCAYA	RB	0.00
COUNTRY BUILDERS BANK INC (A RURAL BANK)	RB	0.00
D' ASIAN HILLS BANK INC (A RURAL BANK)	RB	0.00
DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC	RB	0.00
ENTREPRENEUR RB INC	RB	0.00
FILIDIAN RURAL BANK OF ANTIPOLO INC	RB	0.00
FIRST ISABELA COOP BANK INC(FICOBANK)	RB	0.00
FIRST TAGUM RURAL BANK INC	RB	0.00
GATEWAY RURAL BANK INC	RB	0.00
GM BANK OF LUZON INC (A RURAL BANK)	RB	0.00
GOLDEN RURAL BANK OF THE PHILIPPINES INC	RB	0.00
GRAND-AGRI RURAL BANK	RB	0.00
GUAGUA RURAL BANK INC	RB	0.00
GUAGUA SAVERS BANK(A RB) INC	RB	0.00
HIGHLAND RURAL BANK INC	RB	0.00
ILOCOS CONSOLIDATED COOPERATIVE BANK	RB	0.00
IMUS RURAL BANK INC	RB	0.00
INNOVATIVE BANK INC (A RURAL BANK)	RB	0.00
INSULAR SAVERS BANK INC (A RURAL BANK)	RB	0.00
KATIPUNAN BANK INC "A RURAL BANK"	RB	0.00
LAGAWE HIGHLANDS RB INC	RB	0.00
LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK)	RB	0.00
LIBERTY BANK (A RURAL BANK) INC	RB	0.00
LIFEBANK- A RURAL BANK	RB	0.00
MACTAN RURAL BANK (LAPU-LAPU CITY) INC	RB	0.00
MALARAYAT RB INC	RB	0.00
MALLIG PLAINS RURAL BANK (ISABELA) INC	RB	0.00
MANOR BANK - A RURAL BANK CORP	RB	0.00
MARAYO BANK INC (A RURAL BANK)	RB	0.00
METRO SOUTH COOP BANK	RB	0.00
MOUNT MAKILING RURAL BANK INC	RB	0.00
MT CARMEL RURAL BANK INC	RB	0.00
MVSM BANK (A RURAL BANK SINCE 1953) INC	RB	0.00
NATIONAL TEACHERS & EMP. COOP BANK	RB	0.00
NEW RB OF SAN LEONARDO(N.E.) INC	RB	0.00
NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA	RB	0.00
OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK)	RB	0.00
PEOPLES BANK OF CARAGA INC (A RURAL BANK)	RB	0.00
PLANBANK "RB OF CANLUBANG PLANTERS INC"	RB	0.00
PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC)	RB	0.00
QUEZON CAPITAL RB INC	RB	0.00
RANG-AY BANK INC (A RURAL BANK)	RB	0.00
RB OF ALABEL (SARANGANI) INC	RB	0.00
RB OF ANGELES INC	RB	0.00
RB OF ANTIPOLO INC	RB	0.00
RB OF BAGABAG (N.V.)INC	RB	0.00
RB OF BAMBANG (NUEVA VIZCAYA) INC	RB	0.00
RB OF BARILI (CEBU) INC	RB	0.00
RB OF BAY INC	RB	0.00
RB OF BAYOMBONG INC	RB	0.00
RB OF BROOKE'S POINT (PALAWAN) INC	RB	0.00
RB OF CARDONA (RIZAL) INC	RB	0.00
RB OF CAUAYAN INC	RB	0.00
RB OF CENTRAL PANGASINAN (BAYAMBANG) INC	RB	0.00
RB OF DIGOS INC	RB	0.00
RB OF DOLORES (QUEZON) INC	RB	0.00
RB OF DULAG (LEYTE) INC	RB	0.00
RB OF DUMANGAS INC	RB	0.00
RB OF GATTARAN (CAGAYAN) INC	RB	0.00
RB OF GENERAL TRIAS INC	RB	0.00
RB OF GLORIA (OR MIN) INC	RB	0.00
RB OF GUINOBATAN INC	RB	0.00
RB OF ITOGON (BENGUET) INC	RB	0.00
RB OF JAEN INC	RB	0.00
RB OF LEBAK (SULTAN KUDARAT) INC	RB	0.00
RB OF MABALACAT INC	RB	0.00
RB OF MABITAC (LAGUNA) INC	RB	0.00
RB OF MAGDALENA (LAGUNA) INC	RB	0.00
RB OF MARAGONDON INC	RB	0.00
RB OF MARIA AURORA (AURORA) INC	RB	0.00
RB OF MIAGAO (ILOILO) INC	RB	0.00
RB OF MIDSAYAP INC	RB	0.00
RB OF MONTALBAN INC	RB	0.00
RB OF PANDI (BULACAN) INC	RB	0.00
RB OF PARACALE(CAMARINES NORTE) INC	RB	0.00
RB OF PILAR (BATAAN) INC	RB	0.00
RB OF PILAR (SORSOGON) INC	RB	0.00
RB OF POLA (ORIENTAL MINDORO) INC	RB	0.00
RB OF PORAC (PAMPANGA) INC	RB	0.00
RB OF POZORRUBIO INC	RB	0.00
RB OF RIZAL (ZAMBOANGA DEL NORTE) INC	RB	0.00
RB OF ROSARIO (LA UNION) INC	RB	0.00
RB OF SAN LUIS (PAMPANGA) INC	RB	0.00
RB OF SAN MATEO(ISABELA) INC	RB	0.00
RB OF SAN PASCUAL(OBANDO BULACAN)INC	RB	0.00
RB OF SOLANO (NUEVA VIZCAYA) INC	RB	0.00
RB OF STA IGNACIA INC	RB	0.00
RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC	RB	0.00
RB OF TANGUB CITY (MIS OCC) INC	RB	0.00
RBG IMPERIAL BANK INC(A RURAL BANK)	RB	0.00
RBT BANK INC A RURAL BANK	RB	0.00
RNG COASTAL BANK INC(A RURAL BANK)	RB	0.00
RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC	RB	0.00
RURAL BANK OF SAN ANTONIO INC	RB	0.00
SAVIOUR RURAL BANK INC	RB	0.00
SECURED BANK INC (A RB)	RB	0.00
SOUTH BANK (A RURAL BANK) INC	RB	0.00
STA MARIA RURAL BANK INC	RB	0.00
SUMMIT BANK (RB OF TUBLAY INC)	RB	0.00
TANAY RB INC	RB	0.00
VALIANT BANK INC (A RURAL BANK)	RB	0.00
VILLAGE BANK INC (A RURAL BANK)	RB	0.00
SUGBUANON RB INC	RB	9.58
EAST WEST RURAL BANK INC	RB	13.19
PBCOM RURAL BANK INC	RB	14.51
ONE NETWORK BANK INC (A RURAL BANK OF BDO)	RB	15.82
CAVITE UNITED RURAL BANK CORP	RB	69.28

The Financial Strength of Philippine Banks according to BSP: From Weakest to Strongest - As of December 31, 2018

Editor's Note: This post has been updated to reflect new information on the BSP website. The number of non-reporting banks has decreased from 21 banks as of January 2, 2019 to just 8 banks as of April 1, 2019.
Editor's Note: According to the BSP website, www.bsp.gov.ph, a record 8 banks do not have Published Statements of Condition for the quarter ended on December 31, 2018. This comprises 8% of the 101 Philippine Universal and Commercial Banks (U/KBs) and Thrift Banks tracked by this blog. A google search reveals that these non-reporting banks are still operating and there has been no adverse news about them. So why have they gone dark?
The number of non-reporting banks has gone up substantially in 2018. As of March 31, 2018, only two banks failed to have their Published Statements of Condition available at the BSP website. On June 30, 2018, that number went up to six. On September 30, 2018, that number grew to 9. As of December 31, 2018, that number decreased by 1, to 8.
Have these banks opted-out from the required financial disclosures? It's not clear if they have done so. Apparently, banks can opt-out of mandatory public disclosure.

"Banks that do not want their statement of condition published must get approval from at least five members of the seven-man Monetary Board.² The regulators themselves may also decide to exclude certain kinds of banks from mandatory public disclosure."

Not all of these banks are small banks, some of them are UKBs that are fairly substantial in size. Here's the list:


 

Philippine Banking System
Banks with No Published Statement of Condition
December 31, 2018
Bank	Type of Bank	Published Statement of Condition
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	NA
CITY SAVINGS BANK INC	Thrift Bank	NA
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	NA
MAXIMUM SAVINGS BANK	Thrift Bank	NA
OVERSEAS FILIPINO BANK	Thrift Bank	NA
PHILIPPINE VETERANS BANK	U/KB	NA
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	NA
UNITED COCONUT PLANTERS BANK	U/KB	NA

Let's hope that this is a mere glitch in the BSP website. Perhaps, their financial disclosures were improperly uploaded in the BSP website. Otherwise, the depositors have no means of evaluating the health of their bank other than what is disclosed in the individual bank's website or what is available in back-dated issues of obscure newspapers.


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).

In the aggregate, Philippine Universal and Commercial Banks are well capitalized. As of December 31, 2018, Total CAR is 15.44%, within the range of 15% to 20% of the last 31 years.

Every quarter, several Philippine Banks do not meet these guidelines. As of December 31, 2018, the banks that failed to meet BSP's recommended minimum capital requirements are as follows:


 TOTAL CAR:  

1. Philippine Business Bank (Total CAR of 7.12)

TIER ONE CAR

Three banks reported Tier One CAR of 0.00 as of December 31, 2018. Of those that did report Tier One CAR greater than 0.00, three banks have less than the BSP-recommended Tier One CARs of 10.00. These banks are:

1. Enterprise Bank Inc (Tier One CAR of 7.10)
2. Sterling Bank of Asia (Tier One CAR of 7.14)
3. Luzon Development Bank (Tier One CAR of 9.46)

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.  Thirty-six banks reported their CET1 Ratio as 0.00 for December 31, 2018.

However, of those banks that did report a CET1 Ratio other than 0.00, no bank reported CET1 Ratios below BSP's recommended ratio.

The Total CAR, Tier 1 CAR, and Common Equity Tier 1 CAR of Philippine Banks as of December 31, 2018 is as follows:(Banks that do not meet BSP's minimum capital requirements are highlighted in yellow):

 

 

 

Philippine Banking System
TOTAL CAR
December 31, 2018
Bank	Type of Bank	Total CAR
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift Bank	7.12
LUZON DEVELOPMENT BANK	Thrift Bank	10.05
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift Bank	10.09
FARMERS SAVINGS & LOAN BANK INC	Thrift Bank	10.75
EQUICOM SAVINGS BANK INC	Thrift Bank	10.96
CHINA BANK SAVINGS INC	Thrift Bank	11.34
MUFG BANK INC	U/KB	11.40
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift Bank	11.40
PHIL NATIONAL BANK	U/KB	11.63
1st VALLEY BANK INC A DEVELOPMENT BANK	Thrift Bank	11.74
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift Bank	12.27
LAND BANK OF THE  PHILIPPINES	U/KB	12.65
PRODUCERS SAVINGS BANK CORPORATION	Thrift Bank	12.67
EAST WEST BANKING CORP	U/KB	12.77
RCBC SAVINGS BANK INC	Thrift Bank	12.80
CHINA BANKING CORP	U/KB	13.03
BDO UNIBANK INC	U/KB	13.31
DEVELOPMENT BANK OF THE PHIL	U/KB	13.66
PHIL SAVINGS BANK	Thrift Bank	13.88
UCPB SAVINGS BANK	Thrift Bank	13.91
MIZUHO BANK LTD - MANILA BRANCH	U/KB	13.92
MAYBANK PHILIPPINES INC	U/KB	14.38
PHIL BANK OF COMMUNICATIONS	U/KB	14.50
BANK OF THE PHIL ISLANDS	U/KB	14.82
ASIA UNITED BANK CORPORATION	U/KB	14.92
ROBINSONS BANK CORPORATION	U/KB	15.01
BANK OF COMMERCE	U/KB	15.06
CITIBANK, N.A.	U/KB	15.52
METRO CEBU PUBLIC SAVINGS BANK	Thrift Bank	15.53
UNION BANK OF THE PHILS	U/KB	15.57
METROPOLITAN BANK & TRUST CO	U/KB	15.82
DEUTSCHE BANK AG	U/KB	15.84
CITYSTATE SAVINGS BANK INC	Thrift Bank	15.87
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift Bank	16.30
CTBC BANK (PHILIPPINES) CORP	U/KB	16.33
RIZAL COMM'L BANKING CORP	U/KB	16.50
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift Bank	17.42
BANGKO KABAYAN INC	Thrift Bank	17.69
BPI FAMILY SAVINGS BANK INC	Thrift Bank	17.75
SECURITY BANK CORP	U/KB	17.89
CARD SME BANK INC A THRIFT BANK	Thrift Bank	18.19
HONGKONG & SHANGHAI BANKING CORP	U/KB	18.43
BDO PRIVATE BANK, INC.	U/KB	18.52
STANDARD CHARTERED BANK	U/KB	18.55
WEALTH DEVELOPMENT BANK CORPORATION	Thrift Bank	18.97
ANZ BANKING GROUP LTD	U/KB	19.17
PNB SAVINGS BANK	Thrift Bank	20.40
BPI DIRECT BANKO INC	Thrift Bank	20.87
BATAAN DEVELOPMENT BANK	Thrift Bank	20.89
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift Bank	20.99
SUN SAVINGS BANK INC	Thrift Bank	21.70
HIYAS BANKING CORPORATION	Thrift Bank	21.91
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift Bank	22.09
INTER-ASIA DEVELOPMENT BANK	Thrift Bank	23.91
DUMAGUETE CITY DEV BANK INC	Thrift Bank	25.51
BUSINESS AND CONSUMERS BANK (A DB)	Thrift Bank	25.66
LIFE SAVINGS BANK INC	Thrift Bank	26.24
MARITIME SAVINGS BANK CORPORATION	Thrift Bank	27.65
KEB HANA BANK - MANILA BRANCH	U/KB	27.69
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	28.13
LEGAZPI SAVINGS BANK INC	Thrift Bank	29.16
UNIVERSITY SAVINGS BANK INC	Thrift Bank	30.14
MEGA INT'L COMM'L BANK CO LTD	U/KB	32.06
HSBC SAVINGS BANK PHILIPPINES	Thrift Bank	33.14
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift Bank	33.59
PHIL TRUST COMPANY	U/KB	34.12
BANGKOK BANK PUBLIC CO LTD	U/KB	34.67
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift Bank	35.40
LEMERY SAVINGS & LOAN BANK, INC.	Thrift Bank	38.00
CORDILLERA SAVINGS BANK INC	Thrift Bank	38.05
ING BANK N.V.	U/KB	38.64
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	39.65
NORTHPOINT DEV'T BANK INC	Thrift Bank	39.72
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	39.78
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift Bank	41.59
BANK OF CHINA LIMITED	U/KB	45.08
ALLBANK	Thrift Bank	48.06
PAMPANGA DEVELOPMENT BANK	Thrift Bank	52.70
BANK OF AMERICA N.A.	U/KB	55.89
PACIFIC ACE SAVINGS BANK INC	Thrift Bank	56.64
BANK ONE SAVINGS AND TRUST CORP.	Thrift Bank	58.46
PHIL STAR DEVELOPMENT BANK INC	Thrift Bank	70.18
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift Bank	70.39
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	71.10
SHINHAN BANK - MANILA BRANCH	U/KB	74.00
CENTURY SAVINGS BANK CORPORATION	Thrift Bank	76.45
ISLA BANK(A THRIFT BANK) INC	Thrift Bank	119.53
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	125.36
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	143.85
CIMB BANK PHILIPPINES INC	U/KB	150.55
FIRST COMMERCIAL BANK	U/KB	183.77
CHANG HWA COMMERCIAL BANK LTD – MANILA BRANCH	U/KB	194.85
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	1,362.86
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	NA
CITY SAVINGS BANK INC	Thrift Bank	NA
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	NA
MAXIMUM SAVINGS BANK	Thrift Bank	NA
OVERSEAS FILIPINO BANK	Thrift Bank	NA
PHILIPPINE VETERANS BANK	U/KB	NA
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	NA
UNITED COCONUT PLANTERS BANK	U/KB	NA

 

Philippine Banking System
Tier One CAR
December 31, 2018
Bank	Type of Bank	Tier One CAR
ALLBANK	Thrift Bank	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift Bank	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift Bank	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift Bank	7.10
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift Bank	7.14
LUZON DEVELOPMENT BANK	Thrift Bank	9.46
EAST WEST BANKING CORP	U/KB	10.13
EQUICOM SAVINGS BANK INC	Thrift Bank	10.28
CHINA BANK SAVINGS INC	Thrift Bank	10.41
FARMERS SAVINGS & LOAN BANK INC	Thrift Bank	10.75
MUFG BANK INC	U/KB	10.77
DEVELOPMENT BANK OF THE PHIL	U/KB	10.84
PHIL NATIONAL BANK	U/KB	10.85
PHIL SAVINGS BANK	Thrift Bank	11.27
MAYBANK PHILIPPINES INC	U/KB	11.48
PHIL BANK OF COMMUNICATIONS	U/KB	11.77
ASIA UNITED BANK CORPORATION	U/KB	11.80
LAND BANK OF THE  PHILIPPINES	U/KB	11.82
BDO UNIBANK INC	U/KB	11.89
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift Bank	11.96
CHINA BANKING CORP	U/KB	12.10
RCBC SAVINGS BANK INC	Thrift Bank	12.11
PRODUCERS SAVINGS BANK CORPORATION	Thrift Bank	12.22
UNION BANK OF THE PHILS	U/KB	12.71
MIZUHO BANK LTD - MANILA BRANCH	U/KB	12.97
UCPB SAVINGS BANK	Thrift Bank	13.18
RIZAL COMM'L BANKING CORP	U/KB	13.24
METROPOLITAN BANK & TRUST CO	U/KB	13.33
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift Bank	13.92
BANK OF THE PHIL ISLANDS	U/KB	13.96
BANK OF COMMERCE	U/KB	14.06
ROBINSONS BANK CORPORATION	U/KB	14.14
CITIBANK, N.A.	U/KB	14.74
UNIVERSITY SAVINGS BANK INC	Thrift Bank	15.07
DEUTSCHE BANK AG	U/KB	15.17
CITYSTATE SAVINGS BANK INC	Thrift Bank	15.38
CTBC BANK (PHILIPPINES) CORP	U/KB	15.43
METRO CEBU PUBLIC SAVINGS BANK	Thrift Bank	15.51
SECURITY BANK CORP	U/KB	15.57
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift Bank	15.80
BPI FAMILY SAVINGS BANK INC	Thrift Bank	16.89
BANGKO KABAYAN INC	Thrift Bank	16.90
CARD SME BANK INC A THRIFT BANK	Thrift Bank	17.42
HONGKONG & SHANGHAI BANKING CORP	U/KB	17.76
STANDARD CHARTERED BANK	U/KB	17.93
WEALTH DEVELOPMENT BANK CORPORATION	Thrift Bank	18.10
BDO PRIVATE BANK, INC.	U/KB	18.35
ANZ BANKING GROUP LTD	U/KB	18.98
1st VALLEY BANK INC A DEVELOPMENT BANK	Thrift Bank	19.34
PNB SAVINGS BANK	Thrift Bank	19.52
BPI DIRECT BANKO INC	Thrift Bank	19.98
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift Bank	20.22
BATAAN DEVELOPMENT BANK	Thrift Bank	20.32
SUN SAVINGS BANK INC	Thrift Bank	20.81
HIYAS BANKING CORPORATION	Thrift Bank	21.56
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift Bank	22.09
BUSINESS AND CONSUMERS BANK (A DB)	Thrift Bank	24.28
DUMAGUETE CITY DEV BANK INC	Thrift Bank	25.08
LIFE SAVINGS BANK INC	Thrift Bank	26.06
KEB HANA BANK - MANILA BRANCH	U/KB	27.15
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	28.01
LEGAZPI SAVINGS BANK INC	Thrift Bank	28.44
MEGA INT'L COMM'L BANK CO LTD	U/KB	31.10
HSBC SAVINGS BANK PHILIPPINES	Thrift Bank	32.43
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift Bank	32.86
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift Bank	33.27
BANGKOK BANK PUBLIC CO LTD	U/KB	33.70
PHIL TRUST COMPANY	U/KB	33.79
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift Bank	34.79
CORDILLERA SAVINGS BANK INC	Thrift Bank	37.54
LEMERY SAVINGS & LOAN BANK, INC.	Thrift Bank	37.68
ING BANK N.V.	U/KB	38.26
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	38.81
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	38.93
NORTHPOINT DEV'T BANK INC	Thrift Bank	39.19
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift Bank	41.59
BANK OF CHINA LIMITED	U/KB	44.57
BANK OF AMERICA N.A.	U/KB	55.68
PACIFIC ACE SAVINGS BANK INC	Thrift Bank	56.19
BANK ONE SAVINGS AND TRUST CORP.	Thrift Bank	57.87
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift Bank	69.64
PHIL STAR DEVELOPMENT BANK INC	Thrift Bank	69.92
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	70.22
SHINHAN BANK - MANILA BRANCH	U/KB	73.21
CENTURY SAVINGS BANK CORPORATION	Thrift Bank	75.42
ISLA BANK(A THRIFT BANK) INC	Thrift Bank	119.03
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	124.53
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	142.92
CIMB BANK PHILIPPINES INC	U/KB	150.55
FIRST COMMERCIAL BANK	U/KB	183.10
CHANG HWA COMMERCIAL BANK LTD – MANILA BRANCH	U/KB	194.85
PAMPANGA DEVELOPMENT BANK	Thrift Bank	250.06
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	1,362.86
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	NA
CITY SAVINGS BANK INC	Thrift Bank	NA
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	NA
MAXIMUM SAVINGS BANK	Thrift Bank	NA
OVERSEAS FILIPINO BANK	Thrift Bank	NA
PHILIPPINE VETERANS BANK	U/KB	NA
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	NA
UNITED COCONUT PLANTERS BANK	U/KB	NA

Philippine Banking System
Common Tier 1 Ratio
December 31, 2018
Bank	Type of Bank	Common Tier 1 Ratio
ALLBANK	Thrift Bank	0.00
BANGKO KABAYAN INC	Thrift Bank	0.00
BANK OF MAKATI (A SAVINGS BANK) INC	Thrift Bank	0.00
BANK ONE SAVINGS AND TRUST CORP.	Thrift Bank	0.00
BATAAN DEVELOPMENT BANK	Thrift Bank	0.00
CARD SME BANK INC A THRIFT BANK	Thrift Bank	0.00
CENTURY SAVINGS BANK CORPORATION	Thrift Bank	0.00
CITYSTATE SAVINGS BANK INC	Thrift Bank	0.00
CORDILLERA SAVINGS BANK INC	Thrift Bank	0.00
DUMAGUETE CITY DEV BANK INC	Thrift Bank	0.00
ENTERPRISE BANK INC (A THRIFT BANK)	Thrift Bank	0.00
EQUICOM SAVINGS BANK INC	Thrift Bank	0.00
FARMERS SAVINGS & LOAN BANK INC	Thrift Bank	0.00
HIYAS BANKING CORPORATION	Thrift Bank	0.00
INTER-ASIA DEVELOPMENT BANK	Thrift Bank	0.00
ISLA BANK(A THRIFT BANK) INC	Thrift Bank	0.00
LEMERY SAVINGS & LOAN BANK, INC.	Thrift Bank	0.00
LIFE SAVINGS BANK INC	Thrift Bank	0.00
LUZON DEVELOPMENT BANK	Thrift Bank	0.00
MALAYAN BANK SAVINGS AND MORT BANK INC	Thrift Bank	0.00
MARITIME SAVINGS BANK CORPORATION	Thrift Bank	0.00
METRO CEBU PUBLIC SAVINGS BANK	Thrift Bank	0.00
NORTHPOINT DEV'T BANK INC	Thrift Bank	0.00
PACIFIC ACE SAVINGS BANK INC	Thrift Bank	0.00
PAMPANGA DEVELOPMENT BANK	Thrift Bank	0.00
PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC)	Thrift Bank	0.00
PHIL STAR DEVELOPMENT BANK INC	Thrift Bank	0.00
PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS	Thrift Bank	0.00
PRODUCERS SAVINGS BANK CORPORATION	Thrift Bank	0.00
QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK	Thrift Bank	0.00
QUEZON COCONUT BANK INC (A THRIFT BANK)	Thrift Bank	0.00
STERLING BANK OF ASIA INC (A SAVINGS BANK)	Thrift Bank	0.00
SUN SAVINGS BANK INC	Thrift Bank	0.00
UNIVERSITY SAVINGS BANK INC	Thrift Bank	0.00
WEALTH DEVELOPMENT BANK CORPORATION	Thrift Bank	0.00
YUANTA SAVINGS BANK PHILIPPINES INC	Thrift Bank	0.00
EAST WEST BANKING CORP	U/KB	10.13
CHINA BANK SAVINGS INC	Thrift Bank	10.41
MUFG BANK INC	U/KB	10.77
DEVELOPMENT BANK OF THE PHIL	U/KB	10.84
PHIL NATIONAL BANK	U/KB	10.85
PHIL SAVINGS BANK	Thrift Bank	11.27
MAYBANK PHILIPPINES INC	U/KB	11.48
BDO UNIBANK INC	U/KB	11.65
PHIL BANK OF COMMUNICATIONS	U/KB	11.77
ASIA UNITED BANK CORPORATION	U/KB	11.80
LAND BANK OF THE  PHILIPPINES	U/KB	11.82
CHINA BANKING CORP	U/KB	12.10
RCBC SAVINGS BANK INC	Thrift Bank	12.11
UNION BANK OF THE PHILS	U/KB	12.71
MIZUHO BANK LTD - MANILA BRANCH	U/KB	12.97
PHILIPPINE BUSINESS BANK INC A SAVINGS BANK	Thrift Bank	12.99
UCPB SAVINGS BANK	Thrift Bank	13.18
RIZAL COMM'L BANKING CORP	U/KB	13.24
METROPOLITAN BANK & TRUST CO	U/KB	13.33
BANK OF THE PHIL ISLANDS	U/KB	13.96
BANK OF COMMERCE	U/KB	14.06
ROBINSONS BANK CORPORATION	U/KB	14.14
CITIBANK, N.A.	U/KB	14.74
DEUTSCHE BANK AG	U/KB	15.17
CTBC BANK (PHILIPPINES) CORP	U/KB	15.43
SECURITY BANK CORP	U/KB	15.57
BPI FAMILY SAVINGS BANK INC	Thrift Bank	16.89
HONGKONG & SHANGHAI BANKING CORP	U/KB	17.76
STANDARD CHARTERED BANK	U/KB	17.93
BDO PRIVATE BANK, INC.	U/KB	18.35
1st VALLEY BANK INC A DEVELOPMENT BANK	Thrift Bank	18.96
ANZ BANKING GROUP LTD	U/KB	18.98
PNB SAVINGS BANK	Thrift Bank	19.52
BPI DIRECT BANKO INC	Thrift Bank	19.98
BUSINESS AND CONSUMERS BANK (A DB)	Thrift Bank	24.28
KEB HANA BANK - MANILA BRANCH	U/KB	27.15
JP MORGAN CHASE BANK NATIONAL ASSN.	U/KB	28.01
LEGAZPI SAVINGS BANK INC	Thrift Bank	28.44
MEGA INT'L COMM'L BANK CO LTD	U/KB	31.10
HSBC SAVINGS BANK PHILIPPINES	Thrift Bank	32.43
FIRST CONSOLIDATED BANK INC (A PDB)	Thrift Bank	33.39
BANGKOK BANK PUBLIC CO LTD	U/KB	33.70
PHIL TRUST COMPANY	U/KB	33.79
MERCHANTS SAVINGS & LOAN ASSN INC	Thrift Bank	34.79
ING BANK N.V.	U/KB	38.26
SUMITOMO MITSUI BANKING CORPORATION - MANILA BRANCH	U/KB	38.81
AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS	U/KB	38.93
BANK OF CHINA LIMITED	U/KB	44.57
BANK OF AMERICA N.A.	U/KB	55.68
INDUSTRIAL BANK OF KOREA MANILA BRANCH	U/KB	70.22
SHINHAN BANK - MANILA BRANCH	U/KB	73.21
UNITED OVERSEAS BANK LIMITED MANILA BRANCH	U/KB	124.53
CATHAY UNITED BANK CO LTD - MANILA BRANCH	U/KB	142.92
CIMB BANK PHILIPPINES INC	U/KB	150.55
FIRST COMMERCIAL BANK	U/KB	183.10
CHANG HWA COMMERCIAL BANK LTD – MANILA BRANCH	U/KB	194.85
HUA NAN COMMERCIAL BANK LTD MANILA BRANCH	U/KB	1,362.86
BATAAN SAVINGS AND LOAN BANK	Thrift Bank	NA
CITY SAVINGS BANK INC	Thrift Bank	NA
MALASIQUI PROGRESSIVE SLB, INC	Thrift Bank	NA
MAXIMUM SAVINGS BANK	Thrift Bank	NA
OVERSEAS FILIPINO BANK	Thrift Bank	NA
PHILIPPINE VETERANS BANK	U/KB	NA
THE PALAWAN BANK (PALAWAN DB) INC	Thrift Bank	NA
UNITED COCONUT PLANTERS BANK	U/KB	NA

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