The Top Distressed Philippine Banks as of December 31, 2013

[davidcarlgrimes]

[url][http://bancofilipinofailure.blogspot.com/2014/06/the-top-distressed-philippine-banks-as.html/url]


This is a list of the top distressed Universal and Commercial (U/KB) as well as Thrift Banks in the Philippines as of December 31, 2013. 

The Top Distressed Philippine Banks Total Distressed Assets/ Total Capital Cushion December 31, 2013 In Php Bank   Total Distressed Assets (In PhP)   Total Capital Cushion (In PhP)   Distressed Assets/ Total Capital Cushion (In %) THE REAL BANK (A THRIFT BANK) INC   7,658,858,671.42   617,617,621.91   1240.06% BANK OF CHINA LIMITED-MANILA BRANCH   6,474,009,509.68   687,867,475.30   941.17% COMSAVINGS BANK   1,409,515,860.14   169,764,780.11   830.28% VILLAGE BANK INC (A THRIFT BANK)   646,328,781.06   87,430,352.92   739.25% UNITED COCONUT PLANTERS BANK   39,058,172,119.20   10,300,012,660.82   379.21% INTER-ASIA DEVELOPMENT BANK   152,658,208.33   61,127,067.06   249.74% CITIBANK, N.A.   31,345,241,661.46   12,867,020,795.08   243.61% PLANTERS DEVELOPMENT BANK   9,876,121,359.20   4,533,178,786.23   217.86% STANDARD CHARTERED BANK   6,053,598,067.69   3,033,029,089.73   199.59% WORLD PARTNERS BANK (A THRIFT BANK)   310,649,110.01   165,320,245.34   187.91% UNIVERSITY SAVINGS BANK INC   423,377,038.50   239,274,961.57   176.94% ENTERPRISE BANK INC (A THRIFT BANK)   398,644,417.05   227,625,329.81   175.13% OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK)   163,382,416.92   103,950,857.21   157.17% BANK OF COMMERCE   29,650,457,077.49   19,406,106,800.71   152.79% BATAAN DEVELOPMENT BANK   117,549,048.61   77,829,490.82   151.03% BUSINESS AND CONSUMERS BANK (A DB)   124,023,754.60   84,101,508.34   147.47% PHILIPPINE BANK OF COMMUNICATIONS   6,870,468,436.19   4,674,290,207.54   146.98% EQUICOM SAVINGS BANK INC   728,231,290.84   555,794,079.97   131.03% RCBC SAVINGS BANK INC   10,144,357,461.20   8,006,173,745.56   126.71% CHINA BANK SAVINGS INC   1,242,864,554.81   1,039,014,641.03   119.62% MICROFINANCE MAXIMUM SB INC   55,052,820.56   54,916,771.27   100.25% Grand Total   152,903,561,664.96   66,991,447,268.33   228.24%

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 December 31, 2013 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.