On the face of it, no.
At 1.57% as of December 31, 2019, NPLs as a percentage of Total Loan Portfolios are at historic lows.
Although the NPL Coverage Ratio is near historic highs at 108.94% as of December 31, 2019, it has dropped considerably from its peak of 149.53% as of December 31, 2017.
However, NPLs can go much higher than current levels. Over the past thirty-seven years, NPLs as a percentage of Total Loan Portfolios averaged 7.79% for Philippine Universal and Commercial Banks. Moreover, Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP) have averaged 4.43% for the past thirty-seven years. As can be seen from the chart below, loan loss reserves hit a peak of 22.23% of TLP in 1986, an outlier. Without this outlier, LLR/TLP average is 3.94% for the past thirty-seven years.
As of December 31, 2019, LLR/TLP stands at 1.71%, which is below the historical average of 4.43%, indicating that Philippine banks are under-provisioning for loan losses, given historical norms. If Philippine banks were to maintain higher loan loss provisions to conform to historical averages, bank earnings will suffer but will be better provisioned for future losses.
Now, which banks have not adequately provisioned for loan losses at their current NPL levels, which are at historic lows? Those highlighted in yellow (below 80% NPL Coverage Ratio) are prime candidates.
| Philippine Banking System | |||||
| NPL Coverage Ratio | |||||
| December 31, 2019 | |||||
| Bank | Loan Loss Provisions | Gross NPLs | NPL Coverage Ratio | ||
| OVERSEAS FILIPINO BANK INC A SAVINGS BANK OF LANDBANK | 17,245,998.24 | 2,355,538,693.87 | 0.73% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 166,908,744.26 | 719,485,741.97 | 23.20% | ||
| BANGKO KABAYAN INC (A PRIVATE DEVELOPMENT BANK) | 15,250,478.68 | 65,714,761.91 | 23.21% | ||
| EAST WEST RURAL BANK INC | 244,752,957.58 | 909,428,254.82 | 26.91% | ||
| UCPB SAVINGS BANK | 903,791,828.45 | 3,302,674,267.04 | 27.37% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 162,085,067.38 | 586,730,036.34 | 27.63% | ||
| MARITIME SAVINGS BANK CORPORATION | 6,948,645.24 | 24,380,210.21 | 28.50% | ||
| CITYSTATE SAVINGS BANK INC | 65,458,187.19 | 216,186,557.98 | 30.28% | ||
| PNB SAVINGS BANK | 2,301,604,524.43 | 7,321,988,701.00 | 31.43% | ||
| NEW RB OF SAN LEONARDO (N.E.) INC | 34,283,331.02 | 108,095,277.16 | 31.72% | ||
| COMMON WEALTH RURAL BANK INC | 21,476,123.43 | 67,086,963.80 | 32.01% | ||
| RANG-AY BANK INC (A RURAL BANK) | 51,829,011.54 | 157,787,012.48 | 32.85% | ||
| FIRST IMPERIAL BUSINESS BANK INC (A RURAL BANK) | 40,835,264.37 | 115,602,605.64 | 35.32% | ||
| LUZON DEVELOPMENT BANK | 267,591,960.21 | 746,844,275.39 | 35.83% | ||
| PAMPANGA DEVELOPMENT BANK | 34,729,813.69 | 96,834,846.23 | 35.86% | ||
| SAVIOUR RURAL BANK INC | 20,738,792.82 | 57,006,376.70 | 36.38% | ||
| BENGUET CENTER BANK INC A RB | 16,801,471.92 | 43,044,985.40 | 39.03% | ||
| BANCO MEXICO INC (A RURAL BANK) | 21,637,499.44 | 54,512,588.40 | 39.69% | ||
| CITY SAVINGS BANK INC | 1,357,307,432.62 | 3,394,514,547.38 | 39.99% | ||
| MVSM BANK (A RURAL BANK SINCE 1953) INC | 19,690,927.20 | 48,750,140.03 | 40.39% | ||
| RB OF ALABEL (SARANGANI) INC | 12,872,389.00 | 31,610,982.73 | 40.72% | ||
| GOLDEN RURAL BANK OF THE PHILIPPINES INC | 10,795,648.08 | 26,392,300.60 | 40.90% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE RURAL BANK) | 12,536,203.42 | 30,338,616.29 | 41.32% | ||
| DUMAGUETE CITY DEV BANK INC | 34,299,237.59 | 79,645,482.10 | 43.06% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 763,169,857.41 | 1,757,654,167.58 | 43.42% | ||
| CENTURY SAVINGS BANK CORPORATION | 19,537,665.62 | 44,522,327.52 | 43.88% | ||
| GM BANK OF LUZON INC (A RURAL BANK) | 135,990,963.96 | 305,844,585.52 | 44.46% | ||
| SUGBUANON RB INC | 15,479,914.53 | 34,647,557.19 | 44.68% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 194,522,173.84 | 432,490,305.99 | 44.98% | ||
| EQUICOM SAVINGS BANK INC | 386,821,343.20 | 841,347,240.59 | 45.98% | ||
| UNITED COCONUT PLANTERS BANK | 3,040,737,381.97 | 6,591,060,401.07 | 46.13% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 189,912,010.92 | 398,812,178.61 | 47.62% | ||
| RIZAL MICROBANK INC - A THRIFT BANK OF RCBC | 72,764,373.51 | 151,440,036.38 | 48.05% | ||
| RB OF MIAGAO (ILOILO) INC | 21,547,211.02 | 44,495,788.62 | 48.43% | ||
| RB OF BAY INC | 9,205,914.10 | 19,001,706.26 | 48.45% | ||
| PANGASINAN BANK (A RB) INC | 16,800,869.61 | 33,946,235.36 | 49.49% | ||
| ENTREPRENEUR RB INC | 28,293,797.96 | 56,894,414.64 | 49.73% | ||
| RB OF ATIMONAN INC | 8,411,960.98 | 16,821,490.61 | 50.01% | ||
| BPI FAMILY SAVINGS BANK INC | 5,640,351,830.54 | 11,086,614,750.68 | 50.88% | ||
| PACIFIC ACE SAVINGS BANK INC | 10,943,659.81 | 21,499,031.00 | 50.90% | ||
| PHIL SAVINGS BANK | 3,012,941,440.47 | 5,917,095,293.39 | 50.92% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 144,206,463.72 | 278,675,665.72 | 51.75% | ||
| CHINA BANK SAVINGS INC | 2,097,080,197.07 | 4,008,176,696.16 | 52.32% | ||
| METRO SOUTH COOP BANK | 202,860,938.56 | 386,266,623.15 | 52.52% | ||
| HIYAS BANKING CORPORATION | 18,862,790.69 | 35,613,405.72 | 52.97% | ||
| RB OF CAUAYAN INC | 25,803,992.55 | 48,693,306.27 | 52.99% | ||
| FILIDIAN RURAL BANK OF ANTIPOLO INC | 9,543,278.24 | 17,992,414.09 | 53.04% | ||
| PEOPLES BANK OF CARAGA INC (A RURAL BANK) | 300,719,837.78 | 565,711,268.10 | 53.16% | ||
| RB OF PORAC (PAMPANGA) INC | 58,105,422.36 | 108,773,666.73 | 53.42% | ||
| BALANGA RURAL BANK, INC. | 13,192,806.85 | 24,667,422.51 | 53.48% | ||
| RB OF SAN PASCUAL(OBANDO BULACAN)INC | 23,281,011.54 | 43,226,349.96 | 53.86% | ||
| ALLBANK (A THRIFT BANK) INC | 55,724,257.00 | 103,144,118.89 | 54.03% | ||
| RB OF DUMANGAS INC | 18,413,824.42 | 33,555,895.40 | 54.88% | ||
| MANOR BANK - A RURAL BANK CORP | 7,471,340.91 | 13,597,491.03 | 54.95% | ||
| RB OF MANGALDAN INC(BANGKO RURAL NG MANGALDAN INK) | 16,655,661.87 | 30,194,002.10 | 55.16% | ||
| MARAYO BANK INC (A RURAL BANK) | 158,517,368.65 | 286,255,626.26 | 55.38% | ||
| COUNTRY BUILDERS BANK INC (A RURAL BANK) | 37,104,262.31 | 65,994,386.61 | 56.22% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 1,493,658.58 | 2,635,346.02 | 56.68% | ||
| RB OF PILAR (BATAAN) INC | 23,116,721.70 | 40,439,389.35 | 57.16% | ||
| RB OF BAGABAG (N.V.)INC | 48,888,497.33 | 85,034,628.05 | 57.49% | ||
| FIRST AGRO-INDUSTRIAL RB INC(FAIRBANK) | 29,568,123.96 | 51,296,809.35 | 57.64% | ||
| CAMALIG BANK INC (A RURAL BANK) | 27,929,665.40 | 48,305,356.90 | 57.82% | ||
| LIFEBANK- A RURAL BANK | 21,777,060.75 | 37,399,660.08 | 58.23% | ||
| BATAAN DEVELOPMENT BANK | 24,006,569.11 | 40,815,077.86 | 58.82% | ||
| MALLIG PLAINS RURAL BANK (ISABELA) INC | 15,684,039.32 | 26,012,403.77 | 60.29% | ||
| RB OF SAN JOSE (CAMARINES SUR) INC | 8,675,441.70 | 14,311,383.12 | 60.62% | ||
| RB OF GENERAL TRIAS INC | 20,125,741.96 | 33,140,638.93 | 60.73% | ||
| GUAGUA RURAL BANK INC | 194,863,748.67 | 318,640,709.88 | 61.15% | ||
| BANGKO MABUHAY (A RURAL BANK) INC | 51,682,535.34 | 84,312,979.95 | 61.30% | ||
| RB OF CARDONA (RIZAL) INC | 61,374,496.43 | 99,257,277.50 | 61.83% | ||
| CEBUANA LHUILLIER RB INC | 14,616,509.93 | 23,523,795.10 | 62.13% | ||
| LIPA BANK INC (A RB) | 16,735,496.61 | 26,860,743.79 | 62.30% | ||
| RIZAL COMM'L BANKING CORP | 10,027,847,028.83 | 16,084,842,961.27 | 62.34% | ||
| CARD BANK INC (A MF RB) | 199,162,976.02 | 318,786,658.16 | 62.48% | ||
| EAST WEST BANKING CORP | 6,527,250,476.00 | 10,421,624,682.99 | 62.63% | ||
| SUMMIT BANK (RB OF TUBLAY INC) | 118,994,559.11 | 185,752,914.57 | 64.06% | ||
| UNION BANK OF THE PHILS | 5,444,336,488.78 | 8,494,851,848.08 | 64.09% | ||
| BANK OF MAKATI (A SAVINGS BANK) INC | 1,776,607,489.66 | 2,771,217,072.88 | 64.11% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 605,714,806.91 | 913,008,109.63 | 66.34% | ||
| SECURED BANK INC (A RB) | 20,729,485.55 | 31,235,044.26 | 66.37% | ||
| RB OF CENTRAL PANGASINAN (BAYAMBANG) INC | 37,772,356.14 | 56,626,667.61 | 66.70% | ||
| RB OF MIDSAYAP INC | 10,975,443.18 | 16,342,181.50 | 67.16% | ||
| BHF RURAL BANK INC | 37,552,531.10 | 54,516,033.22 | 68.88% | ||
| RB OF SOLANO (NUEVA VIZCAYA) INC | 27,100,572.39 | 39,148,789.02 | 69.22% | ||
| ASIA UNITED BANK CORPORATION | 1,683,841,374.29 | 2,425,066,609.45 | 69.43% | ||
| BANGKO MONTANOSA INC (A RURAL BANK) | 10,386,119.96 | 14,735,311.24 | 70.48% | ||
| RB OF MARIA AURORA (AURORA) INC | 36,710,056.15 | 52,062,161.02 | 70.51% | ||
| COOP BANK OF CAGAYAN | 56,612,064.15 | 80,259,471.43 | 70.54% | ||
| CONSOLIDATED COOPERATIVE BANK | 156,831,621.75 | 220,297,895.04 | 71.19% | ||
| RB OF ANTIPOLO INC | 13,560,592.13 | 18,685,383.19 | 72.57% | ||
| FIRST ISABELA COOP BANK (FICOBANK) | 102,669,069.77 | 140,266,581.98 | 73.20% | ||
| COOPERATIVE BANK OF NUEVA VIZCAYA | 27,183,841.50 | 36,737,597.19 | 73.99% | ||
| GATEWAY RURAL BANK INC | 28,178,813.44 | 37,821,918.11 | 74.50% | ||
| COOP BANK OF QUEZON PROVINCE | 30,008,786.90 | 40,179,533.53 | 74.69% | ||
| RB OF POLA (ORIENTAL MINDORO) INC | 37,909,171.12 | 50,484,335.03 | 75.09% | ||
| RB OF STA ROSA DE LIMA (PANIQUI TARLAC) INC | 16,585,208.22 | 22,033,519.20 | 75.27% | ||
| LIBERTY BANK (A RURAL BANK) INC | 28,446,467.55 | 37,583,427.01 | 75.69% | ||
| AGRIBUSINESS RURAL BANK INC | 484,510,294.95 | 639,106,867.04 | 75.81% | ||
| RB OF ITOGON (BENGUET) INC | 24,631,936.27 | 32,431,819.59 | 75.95% | ||
| LIFE SAVINGS BANK INC | 5,424,695.67 | 7,058,663.73 | 76.85% | ||
| PHILIPPINE VETERANS BANK | 2,408,669,984.80 | 3,131,047,449.17 | 76.93% | ||
| MALARAYAT RB INC | 30,263,795.25 | 38,697,851.89 | 78.21% | ||
| QUEZON CAPITAL RB INC | 45,147,096.62 | 57,609,636.27 | 78.37% | ||
| ROBINSONS BANK CORPORATION | 860,127,953.91 | 1,090,740,372.46 | 78.86% | ||
| MACTAN RURAL BANK (LAPU-LAPU CITY) INC | 39,460,576.76 | 50,025,370.92 | 78.88% | ||
| CARD MRI RIZAL BANK INC A MICROFINANCE-ORIENTED RURAL BANK | 87,311,153.05 | 110,664,268.84 | 78.90% | ||
| COOPERATIVE BANK OF BOHOL | 42,992,221.84 | 53,937,461.18 | 79.71% | ||
| NATIONAL TEACHERS & EMP. COOP BANK | 22,488,938.78 | 28,069,809.54 | 80.12% | ||
| STANDARD CHARTERED BANK | 2,059,627,485.47 | 2,563,892,168.52 | 80.33% | ||
| IMUS RURAL BANK INC | 9,908,742.28 | 12,318,364.00 | 80.44% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 1,609,326,555.97 | 1,991,757,262.07 | 80.80% | ||
| PHIL STAR DEVELOPMENT BANK INC | 9,509,297.34 | 11,760,293.28 | 80.86% | ||
| NORTH PACIFIC BANKING CORPORATION (A RB OF STA MARIA ISABELA | 8,989,483.06 | 11,087,340.84 | 81.08% | ||
| MAKILING DEVELOPMENT BANK CORPORATION | 26,029,637.71 | 31,933,646.69 | 81.51% | ||
| ALIAGA FARMERS RURAL BANK INC | 94,405,134.59 | 113,988,275.57 | 82.82% | ||
| CANTILAN BANK INC (A RURAL BANK) | 251,261,201.33 | 301,260,224.80 | 83.40% | ||
| CORDILLERA SAVINGS BANK INC | 14,379,069.48 | 17,204,897.25 | 83.58% | ||
| VILLAGE BANK INC (A RURAL BANK) | 37,762,487.79 | 45,058,110.09 | 83.81% | ||
| RB OF BAYOMBONG INC | 12,508,125.30 | 14,836,231.24 | 84.31% | ||
| COOP BANK OF PALAWAN | 105,894,584.92 | 124,812,926.87 | 84.84% | ||
| DUNGGANON BANK (A MICROFINANCE RURAL BANK) INC | 35,940,820.44 | 42,327,195.63 | 84.91% | ||
| ASPAC RURAL BANK INC | 90,745,163.86 | 106,051,737.19 | 85.57% | ||
| DEVELOPMENT BANK OF THE PHIL | 8,436,561,625.77 | 9,817,857,162.03 | 85.93% | ||
| RNG COASTAL BANK INC(A RURAL BANK) | 17,629,252.45 | 20,498,993.79 | 86.00% | ||
| RB OF GATTARAN (CAGAYAN) INC | 22,092,283.25 | 25,554,561.92 | 86.45% | ||
| LAND BANK OF THE PHILIPPINES | 16,280,969,219.14 | 18,766,221,399.90 | 86.76% | ||
| MINDANAO CONSOLIDATED COOPERATIVE BANK | 138,113,906.91 | 158,010,954.15 | 87.41% | ||
| LEGAZPI SAVINGS BANK INC | 266,215,120.75 | 302,850,134.83 | 87.90% | ||
| RB OF MABALACAT INC | 37,263,511.94 | 42,227,556.10 | 88.24% | ||
| RB OF PILAR (SORSOGON) INC | 18,246,474.10 | 20,632,238.32 | 88.44% | ||
| PHIL BANK OF COMMUNICATIONS | 2,058,668,405.38 | 2,324,859,588.57 | 88.55% | ||
| RB OF SAN NARCISO INC | 17,950,307.19 | 20,018,035.04 | 89.67% | ||
| RB OF MAGDALENA (LAGUNA) INC | 25,828,176.82 | 28,711,307.11 | 89.96% | ||
| BPI DIRECT BANKO INC A SAVINGS BANK | 926,938,152.26 | 1,017,185,087.97 | 91.13% | ||
| PROGRESSIVE BANK INC (PROGRESSIVE A RURAL BANK INC) | 104,958,288.60 | 114,058,413.39 | 92.02% | ||
| NORTHPOINT DEV'T BANK INC | 105,066,906.56 | 113,199,742.53 | 92.82% | ||
| BANK ONE SAVINGS CORPORATION | 43,836,572.86 | 45,492,961.00 | 96.36% | ||
| PLANBANK "RB OF CANLUBANG PLANTERS INC" | 56,051,192.21 | 57,617,003.16 | 97.28% | ||
| RB OF POZORRUBIO INC | 16,920,864.04 | 17,168,894.87 | 98.56% | ||
| RB OF SAN MATEO(ISABELA) INC | 28,498,014.97 | 28,871,014.98 | 98.71% | ||
| BOF INC (A RURAL BANK) | 85,131,791.57 | 85,683,458.63 | 99.36% | ||
| RB OF SAN AGUSTIN (ISABELA) INC | 22,911,301.36 | 22,907,205.43 | 100.02% | ||
| RB OF BAMBANG (NUEVA VIZCAYA) INC | 48,308,715.43 | 48,250,020.60 | 100.12% | ||
| PBCOM RURAL BANK INC | 438,714,503.45 | 436,056,314.25 | 100.61% | ||
| RB OF LEBAK (SULTAN KUDARAT) INC | 34,150,987.38 | 33,863,421.87 | 100.85% | ||
| MAYBANK PHILIPPINES INCORPORATED | 1,967,519,004.85 | 1,948,101,289.83 | 101.00% | ||
| COMMTY RB OF CATMON (CEBU) INC | 37,923,789.82 | 37,467,315.10 | 101.22% | ||
| RB OF MARAGONDON INC | 29,599,525.10 | 29,024,949.67 | 101.98% | ||
| ZAMBALES RURAL BANK INC | 37,099,659.31 | 36,371,170.17 | 102.00% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 79,848,215.26 | 77,749,161.67 | 102.70% | ||
| RB OF PARACALE(CAMARINES NORTE) INC | 31,669,038.40 | 30,771,684.97 | 102.92% | ||
| CARD SME BANK INC A THRIFT BANK | 199,069,591.87 | 193,310,670.18 | 102.98% | ||
| RB OF GUINOBATAN INC | 26,473,258.57 | 25,600,037.26 | 103.41% | ||
| HIGHLAND RURAL BANK INC | 22,658,133.75 | 21,637,324.57 | 104.72% | ||
| BDO NETWORK BANK INC | 1,994,879,251.02 | 1,904,701,598.38 | 104.73% | ||
| CTBC BANK (PHILIPPINES) CORP | 946,679,881.98 | 891,103,833.66 | 106.24% | ||
| INTER-ASIA DEVELOPMENT BANK | 13,461,485.83 | 12,399,228.35 | 108.57% | ||
| SUN SAVINGS BANK INC | 26,430,425.73 | 24,257,946.48 | 108.96% | ||
| RB OF DULAG (LEYTE) INC | 13,215,360.44 | 12,113,861.01 | 109.09% | ||
| FARMERS SAVINGS & LOAN BANK INC | 37,520,936.58 | 33,992,131.90 | 110.38% | ||
| KATIPUNAN BANK INC "A RURAL BANK" | 67,671,466.04 | 60,577,559.35 | 111.71% | ||
| BANCO LAGUNA INC (A RURAL BANK SINCE 1965) | 23,753,068.05 | 21,171,963.05 | 112.19% | ||
| ILOCOS CONSOLIDATED COOPERATIVE BANK | 84,552,576.05 | 72,993,785.35 | 115.84% | ||
| UNIVERSITY SAVINGS BANK INC | 38,294,965.05 | 32,484,974.11 | 117.89% | ||
| BAYBANK INC (A RURAL BANK) | 16,689,919.02 | 14,042,451.57 | 118.85% | ||
| PHIL NATIONAL BANK | 14,299,057,453.65 | 12,024,161,161.83 | 118.92% | ||
| RURAL BANK OF PLACER (SURIGAO DEL NORTE) INC | 36,562,294.79 | 30,107,873.47 | 121.44% | ||
| BDO UNIBANK INC | 27,120,673,038.09 | 22,275,508,157.58 | 121.75% | ||
| INNOVATIVE BANK INC (A RURAL BANK) | 4,905,914.14 | 3,926,256.10 | 124.95% | ||
| SECURITY BANK CORP | 7,010,813,784.35 | 5,339,051,072.11 | 131.31% | ||
| FIRST TAGUM RURAL BANK INC | 33,383,045.94 | 25,350,683.65 | 131.68% | ||
| RB OF DIGOS INC | 25,832,924.21 | 18,730,980.30 | 137.92% | ||
| COOP BANK OF COTABATO | 140,401,281.42 | 100,378,808.77 | 139.87% | ||
| RB OF ANGELES INC | 215,857,231.80 | 153,922,593.93 | 140.24% | ||
| BANK OF COMMERCE | 2,290,369,459.59 | 1,610,090,190.46 | 142.25% | ||
| CHINA BANKING CORP | 7,101,856,436.47 | 4,895,476,457.66 | 145.07% | ||
| COMMTY RB OF DAPITAN CITY INC | 47,902,321.50 | 32,876,948.03 | 145.70% | ||
| RB OF TANGUB CITY (MIS OCC) INC | 37,805,873.88 | 25,940,873.34 | 145.74% | ||
| RURAL BANK OF SAN ANTONIO INC | 51,221,501.93 | 35,030,572.30 | 146.22% | ||
| RB OF ROSARIO (LA UNION) INC | 6,448,952.39 | 4,396,974.36 | 146.67% | ||
| GUAGUA SAVERS BANK(A RB) INC | 10,460,371.42 | 7,090,917.26 | 147.52% | ||
| BANK OF THE PHIL ISLANDS | 18,486,248,401.08 | 12,222,967,100.21 | 151.24% | ||
| RB OF GLORIA (OR MIN) INC | 2,783,082.52 | 1,826,155.87 | 152.40% | ||
| RB OF RIZAL (ZAMBOANGA DEL NORTE) INC | 27,286,111.17 | 17,438,038.01 | 156.47% | ||
| RB OF JAEN INC | 9,703,484.27 | 6,118,950.48 | 158.58% | ||
| BANGKO CARRASCAL INC (A RB) | 9,711,821.23 | 5,925,063.83 | 163.91% | ||
| CENTURY RURAL BANK INC | 15,673,724.93 | 9,081,453.60 | 172.59% | ||
| RB OF MONTALBAN INC | 5,160,255.06 | 2,820,481.79 | 182.96% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 2,851,181.82 | 1,556,042.27 | 183.23% | ||
| RBT BANK INC A RURAL BANK | 15,137,537.60 | 8,232,301.26 | 183.88% | ||
| METROPOLITAN BANK & TCO | 20,309,195,360.55 | 10,209,359,590.22 | 198.93% | ||
| BANKWAYS INC (A RURAL BANK) | 91,835,788.90 | 44,221,509.84 | 207.67% | ||
| HSBC SAVINGS BANK(PHILS) INC | 58,371,389.62 | 25,845,198.06 | 225.85% | ||
| CITIBANK, N.A. | 3,824,697,930.00 | 1,691,942,783.28 | 226.05% | ||
| RB OF BARILI (CEBU) INC | 45,095,937.39 | 19,327,940.61 | 233.32% | ||
| RB OF SAN LUIS (PAMPANGA) INC | 12,049,937.14 | 5,038,386.92 | 239.16% | ||
| LAGUNA PRESTIGE BANKING CORPORATION (A RURAL BANK) | 13,556,709.28 | 5,513,252.06 | 245.89% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,640,620,583.76 | 536,739,725.05 | 305.66% | ||
| MEGA INT'L COMM'L BANK CO LTD | 266,451,745.04 | 86,341,389.09 | 308.60% | ||
| RB OF STA IGNACIA INC | 7,872,592.17 | 2,311,315.46 | 340.61% | ||
| CIMB BANK PHILIPPINES INC | 28,851,318.28 | 7,938,367.97 | 363.44% | ||
| KEB HANA BANK - MANILA BRANCH | 91,581,362.01 | 23,050,203.54 | 397.31% | ||
| PHIL TRUST COMPANY | 4,002,635,483.72 | 953,976,271.38 | 419.57% | ||
| BANGKOK BANK PUBLIC CO LTD | 574,571,166.00 | 99,258,541.72 | 578.86% | ||
| YUANTA SAVINGS BANK PHILIPPINES INC | 9,722,660.95 | 1,628,987.86 | 596.85% | ||
| RB OF BROOKE'S POINT (PALAWAN) INC | 2,835,553.33 | 411,100.00 | 689.75% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 18,602,512.13 | 300,802.82 | 6184.29% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 7,298,377.08 | 107,342.00 | 6799.18% | ||
| CAVITE UNITED RURAL BANK CORP | 47,469,263.20 | 374,959.19 | 12659.85% | ||
| AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 28,545,273.92 | 0.00 | NA | ||
| BANK OF AMERICA N.A. | 12,769,434.77 | 0.00 | NA | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 241,672,851.91 | 0.00 | NA | ||
| BDO PRIVATE BANK, INC. | 5,573,162.68 | 0.00 | NA | ||
| CATHAY UNITED BANK CO LTD - MANILA BRANCH | 29,095,250.00 | 0.00 | NA | ||
| CHANG HWA COMMERCIAL BANK LTD - MANILA BRANCH | 13,506,523.20 | 0.00 | NA | ||
| DEUTSCHE BANK AG | 188,535,738.52 | 0.00 | NA | ||
| FIRST COMMERCIAL BANK LTD MANILA BRANCH | 13,856,292.42 | 0.00 | NA | ||
| HUA NAN COMMERCIAL BANK LTD MANILA BRANCH | 13,708,217.10 | 0.00 | NA | ||
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED - MANILA BRA | 27,507,763.85 | 0.00 | NA | ||
| INDUSTRIAL BANK OF KOREA MANILA BRANCH | 47,224,654.73 | 0.00 | NA | ||
| ING BANK N.V. | 15,173,594.23 | 0.00 | NA | ||
| ISLA BANK(A THRIFT BANK) INC | 4,290,580.33 | 0.00 | NA | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 31,000,000.00 | 0.00 | NA | ||
| MIZUHO BANK LTD - MANILA BRANCH | 559,972,006.72 | 0.00 | NA | ||
| MUFG BANK, LTD. | 387,850,811.58 | 0.00 | NA | ||
| SHINHAN BANK - MANILA BRANCH | 45,384,842.02 | 0.00 | NA | ||
| SUMITOMO MITSUI BANKING CORPORATION-MANILA BRANCH | 31,517,155.09 | 0.00 | NA | ||
| UNITED OVERSEAS BANK LIMITED MANILA BRANCH | 27,047,328.67 | 0.00 | NA | ||
| Grand Total | 203,348,959,271.25 | 220,088,113,408.72 | 92.39% | ||
Source: www.bsp.gov.ph
