TBs, RBs, Coop · !"#$%&'(')* +*, -.+/'*+0)* !$12)% 45 3+*45) !$*2%+6 *4 7'6'#'*+(Thrift Banks...
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45 Thrift Banks Thrift Banks Overview Thrift banks maintained their competitiveness and resilience as an industry despite lingering fragilities in the global financial landscape
Transcript of TBs, RBs, Coop · !"#$%&'(')* +*, -.+/'*+0)* !$12)% 45 3+*45) !$*2%+6 *4 7'6'#'*+(Thrift Banks...
45 !"#$%&'(')* +*, -.+/'*+0)* !$12)%
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Overview
89%': ;+*5( /+'*2+'*$, 29$'% 1)/#$00&$*$(( +*, %$('6'$*1$ +( +* '*,"(2%< ,$(#'2$ 6'*4$%'*4 =%+4'6'0$( '* 29$ 46);+6 >*+*1'+6 6+*,(1+#$?
89$ '*,"(2%<@( >*+*1'+6 1)*,'0)* ,"%'*4 29$ ($/$(2$% '* %$&'$A %$B$12$, 4%)A29 '* %$()"%1$( +*, 6$*,'*4C ("##6$/$*2$, ;< '*1%$+($, ,$#)('2 /);'6'D+0)* +*, +,$E"+2$ 1+#'2+6'D+0)*? F29$% 5$< '*,'1+2)%( (9)A$, '/#%)&$/$*2 '* +(($2 E"+6'2< +*, )#$%+0)*+6 $G1'$*1< +*, 9'49$% $+%*'*4(?
H$()"%1$IA'($C 29$ 29%': ;+*5'*4 (<(2$/ #)(2$, ("(2+'*$, 4%)A29 '* +(($2( A9'19 (2)), +2 7JKK?L ;'66')* +( )= $*,IM"*$ KNOK? 89'( 1)%%$(#)*,$, 2) + 4%)A29 )= P?P #$%1$*2 =%)/ <$+% +4)@( 7QJJ?R ;'66')* )% +6/)(2 2A'1$ 29$ 4%)A29 )= Q?O #$%1$*2 %$1)%,$, + <$+% +4)?
S)+*( +*, 1+(9 +*, ,"$ =%)/ ;+*5( A$%$ 29$ /+'* %$1'#'$*2( )= 4%)A29 ,"%'*4 29$ #$%'),? S)+*(C *$2 T$.16"('&$ )= U3SV %)($ ;< OL?L #$%1$*2 T7JO?O ;'66')*V A9'6$ 1+(9 +*, ,"$ =%)/ ;+*5( 4%$A ;< WR?Q #$%1$*2 T7OX?J ;'66')*V?
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Y(($2( %$/+'*$, #%'*1'#+66< ="*,$, ;< ,$#)('2 6'+;'6'0$( A9'19 +11)"*2$, =)% XN?Q #$%1$*2 )= 2)2+6 %$()"%1$(? Z+#'2+6 +11)"*2( +*, ;'66( #+<+;6$ 1)*2%';"2$, +,,'0)*+6 (9+%$( )= OO?P #$%1$*2 +*, W?K #$%1$*2C %$(#$10&$6<?
Z)*>,$*1$ '* 29$ '*,"(2%< %$/+'*$, 9'49 +( ,$#)('2 6'+;'6'0$( 4%$A ;< P?L #$%1$*2 <$+%I)*I<$+% 2) %$+19 7QNO?R ;'66')* +( )= $*,IM"*$ KNOK? 89$ 4%)A29 1+* ;$ 2%+1$, 2) 29$ OQ?R #$%1$*2 %'($ '* >*+*1'+6 '*(02"0)* T[UVI6'*5$, 29%': ;+*5(@ ,$#)('2 6'+;'6'0$( 2) 7WJO?Q ;'66')* =%)/ 7WOW?R ;'66')*? U* 1)*2%+(2C *)*I6'*5$, 29%': ;+*5( %$1)%,$, + K?J #$%1$*2 ,$16'*$ '* 29$'% 2)2+6 ,$#)('2 6'+;'6'0$( 2) 7OWP?P ;'66')* =%)/ 7ORW?J ;'66')*?
S'E"','2< A+( 5$#2 +2 + 1)/=)%2+;6$ 6$&$6 $&$* +( 29$ '*,"(2%< #)(2$, 6)A$% 6'E"', +(($2(I2)I,$#)('2( %+0) )= WN?O #$%1$*2 =%)/ <$+% +4)@( WK?J #$%1$*2? F* 29$ )29$% 9+*,C 1+(9 +*, ,"$ =%)/ ;+*5(I2)I,$#)('2(
%+0) (2)), 9'49$% +2 OR?Q #$%1$*2 =%)/ OO?X #$%1$*2? \$+*0/$C 29$ %+0) )= 6)+*(C 4%)(( 2) ,$#)('2 6'+;'6'0$( 16'/;$, 2) XJ?R #$%1$*2 =%)/ XO?K #$%1$*2 +( 6)+*(C 4%)(( 4%$A +2 + =+(2$% #+1$ 29+* ,$#)('2 6'+;'6'0$(?
S$*,'*4 +10&'2< )= 29%': ;+*5( 1)*0*"$, 2) #'15 "# ,"%'*4 29$ ($/$(2$%? 8)2+6 6)+* #)%])6')C 4%)(( %$+19$, 7RWW?N ;'66')*C $.#+*,'*4 ;< OJ?L #$%1$*2 <$+%I)*I<$+% =%)/ '2( 6$&$6 )= 7WLO?K ;'66')*?
Y%)"*, LW?K #$%1$*2 )= 29$ '*,"(2%<@( 8S7 A$*2 2) 29$ =)66)A'*4 ;$*$>1'+%'$(^ H$+6 -(2+2$C Z)*(2%"10)*C H$*0*4 +*, 3"('*$(( Y10&'0$( TWW?L #$%1$*2 )= 8S7C 4%)(( )% 7ORJ?N ;'66')*V_ S)+*( 2) U*,'&',"+6( =)% Z)*("/#0)* 7"%#)($( +2 KR?N #$%1$*2 (9+%$ )% 7ONR?O ;'66')*_ +*, ['*+*1'+6 '*2$%/$,'+0)* T'*16"('&$ )= U3SV +2 OQ?Q #$%1$*2 )% 7JL?N ;'66')*?
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Thrift banks maintained their competitiveness and
resilience as an industry despite lingering fragilities
in the global !nancial landscape
46
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`$.2 2) S"D)*C `ZH 9$6, WW?K #$%1$*2 (9+%$ )= 29$ 2)2+6 29%': ;+*5'*4 )G1$( *+0)*A',$ A'29 KP 9$+, )G1$( TWK + <$+% +4)V +*, RLJ ;%+*19$(h)29$% )G1$( T=%)/ RLP + <$+% +4)V?
U* 29$ j'(+<+( H$4')* TA9'19 9$6, OR?X #$%1$*2 (9+%$ )= 29$ 2)2+6 29%': ;+*5'*4 )G1$( *+0)*A',$VC 29%': ;+*5 )#$%+0)*( A$%$ /)(26< 1)*1$*2%+2$, '* 29$ Z$*2%+6 +*, k$(2$%* j'(+<+(? Z$*2%+6 j'(+<+( 9+, OOL 29%': ;+*5'*4 )G1$( TJ 9$+, )G1$( +*, OOO ;%+*19$(h)29$% )G1$(V A9'6$ k$(2$%* j'(+<+( 9+, XR 29%': ;+*5'*4 )G1$( TQ 9$+, )G1$( +*, LP ;%+*19$(h)29$% )G1$(V?
U* 29$ \'*,+*+) H$4')* TA9'19 9$6, X?W #$%1$*2 (9+%$ )= 29$ 2)2+6 29%': ;+*5'*4 )G1$( *+0)*A',$VC 29%': ;+*5'*4 )G1$( A$%$ ('2"+2$, '* c+&+) T)*$ 9$+, )G1$ +*, RO ;%+*19$(h)29$% )G1$(VC `)%29$%* \'*,+*+) TWJ ;%+*19$(h)29$% )G1$(VC !FZZ!l!YHm-` T)*$ 9$+, )G1$ +*, OP ;%+*19$(h)29$% )G1$(V +*, i+/;)+*4+ TOP ;%+*19$(h)29$% )G1$(V? \$+*0/$C ZYHYmY 9+, *'*$ ;%+*19$(h)29$% )G1$( A9'6$ YH\\ 9+, )*$ 29%': ;+*5 ;%+*19h)29$% )G1$? T8+;6$ KKV
The industry remained competitive as a whole as
more thrift banks found ways to strategize and
diversify to stay relevant amid a tough and volatile
environment
Overall, there was increased branching activity by thrift
banks in both urban and rural areas. This was partly
attributed to thrift banks’ receptiveness to BSP’s branch
liberalization initiative as a way of promoting a more inclusive
!nancial system.
48
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FG1$ )= !"#$%&'()%< 7)6'1< c$&$6)#/$*2
3< $.#+*,'*4 29$'% )#$%+0)*( *+0)*A',$C 29%': ;+*5( +%$ A$66I#)('0)*$, 2) #%)&',$ %$(#)*('&$C $G1'$*2 ($%&'1$( 2) + ;%)+,$% 16'$*2 ;+($? 89%)"49 29$ "($ )= ;)29 2%+,'0)*+6 +*, $6$12%)*'1 ;+*5'*4 #6+])%/(C 29$ '*,"(2%< '( +;6$ 2) 1+#'2+6'D$ )* '2( (2%+2$4< 2) $*9+*1$ +11$(( 2) >*+*1'+6 ($%&'1$( ;< '2( *'19$ /+%5$2?
c"%'*4 29$ ($/$(2$% '* %$&'$AC 29%': ;+*5( +,9$%$, 2) 29'( (2%+2$4< ;< ("##6$/$*0*4 29$'% ,$6'&$%< )= ;+*5'*4 ($%&'1$( +*, #%),"12( A'29 29$ '*(2+66+0)* )= +,,'0)*+6 Y8\( *+0)*A',$? Y( )= $*,IM"*$ KNOKC 29$ *"/;$% )= Y8\( %$+19$, OCWRRC "# ;< KKQ "*'2( =%)/ OCOOP "*'2( + <$+% +4)?
89$ /+d)%'2< TJR?P #$%1$*2V )% XLK "*'2( T"# =%)/ XNJ "*'2( + <$+% +4)V A$%$ '*(2+66$, A'29'* ;+*5 #%$/'($(? 89$ ;+6+*1$ )= WQ?O #$%1$*2 )% RLK "*'2( T"# =%)/ WOW "*'2( + <$+% +4)V A+( #"2 "# +2 )29$% +11$((';6$ +*,h)% (2%+2$4'1 6)1+0)*(? T8+;6$ KWV
3< /+'* 4%)"#C [UI6'*5$, 29%': ;+*5( 9$6, + ;'44$% (9+%$ )= 29$ '*,"(2%<@( 2)2+6 *"/;$% )= Y8\( +2 XLN "*'2( )% JR?L #$%1$*2? `)*I6'*5$, 29%': ;+*5( +11)"*2$, =)% 29$ %$/+'*'*4 RLR "*'2( )% WQ?W #$%1$*2 (9+%$?
Y8\( A$%$ +6() /+'*6< 1)*1$*2%+2$, '* 29$ `ZH +*, '* S"D)*? `ZH 9$6, RJ?L #$%1$*2 (9+%$ TJKX "*'2(V )= 29$ '*,"(2%<@( 2)2+6 Y8\ "*'2(C ,)A* =%)/ RP?O #$%1$*2 T;"2 "# =%)/ JNW "*'2(V 6+(2 ($/$(2$% +*, =%)/ RL?Q #$%1$*2 T;"2 "# =%)/ QWK "*'2(V + <$+% +4)? S"D)* %+*5$, ($1)*, A'29 WW?W #$%1$*2 (9+%$ TRRL "*'2(V? Y1%)(( S"D)*C ZYSY3YHiF` 9+, 29$ /)(2 *"/;$% )= Y8\ "*'2( '*(2+66$, ,"%'*4 29$ #$%'), )% +* +,,'0)*+6 WQ "*'2( TOR "*'2( )*I('2$ +*, KO "*'2( )gI('2$V =)% + 2)2+6 )= KKL Y8\ "*'2( =%)/ <$+% +4)@( OPK "*'2(? \$+*A9'6$C /)%$ Y8\ "*'2( A$%$ +6() ($2 "# '* 29$ j'(+<+( TOO )*I('2$ +*, WN )gI('2$ )% RO +,,'0)*+6 Y8\ "*'2(V +*, \'*,+*+) H$4')*( TJ )*I('2$ +*, *'*$ )gI('2$ )% OQ +,,'0)*+6 Y8\ "*'2(V '* +* $g)%2 2) +"4/$*2 ,$6'&$%< )= >*+*1'+6 ($%&'1$( 2) "*,$%($%&$,h"*;+*5$, +%$+( )= 29$ 1)"*2%<?
89%': ;+*5( 1)/#6$/$*2$, 29$'% ($%&'1$( "('*4 + 4%)A'*4 %+*4$ )= $6$12%)*'1 ;+*5'*4 #6+])%/( =)% $*9+*1$, 1"(2)/$% 1)*&$*'$*1$? `)2+;6<C 29$ *"/;$% )= 29%': ;+*5( "06'D'*4 $I;+*5'*4 #6+])%/( A$*2 "# ,"%'*4 29$ #$%'),?
Y( )= $*,IM"*$ KNOKC 29$%$ A$%$ KK 29%': ;+*5( )% +* +,,'0)*+6 $'492 29%': ;+*5( =%)/ OR + <$+% +4) $*4+4$, '* $6$12%)*'1 +*, /);'6$ ;+*5'*4 ($%&'1$(? 89$($ 1)*('(2$, )= X [UI6'*5$, 29%': ;+*5( +*, OR *)*I6'*5$, 29%': ;+*5(? F= 29$($ KK ;+*5(C 29$%$ A$%$ OK ;+*5( T&(? OO ;+*5( 6+(2 <$+%V A9'19 )g$%$, ;+*5'*4 ($%&'1$( &'+ /);'6$h*)*I/);'6$ #9)*$( +*,h)% '*2$%*$2? \$+*A9'6$C 29$%$ A$%$ OR 29%': ;+*5( T&(? =)"% + <$+% +4)V A9'19 #%)&',$, '*2$%*$2
+*, /);'6$ ;+*5'*4 ($%&'1$( &'+ 3+*1`$2h\$4+S'*5 !A'219? U* +,,'0)*C 29$%$ A$%$ *'*$ ;+*5( T=%)/ ($&$* ;+*5(V A'29 1+(9 1+%, )#$%+0)*(C 2A) ;+*5( T"*19+*4$,V A'29 $6$12%)*'1 A+66$2 ($%&'1$( +*, 2A) ;+*5( T(+/$ +( <$+% +4)V A9'19 #+%01'#+2$, '* 29$ 3"%$+" )= U*2$%*+6 H$&$*"$@( -6$12%)*'1 ['6'*4 +*, 7+</$*2 !<(2$/ T-[7!V? T8+;6$ KRV
Results Of Operations[)% 29$ ($/$(2$% $*,$, WN M"*$ KNOKC 29$ '*,"(2%< #)(2$, + *$2 #%)>2 )= 7R?J ;'66')*C "# ;< Q?J #$%1$*2 T7N?K ;'66')*V =%)/ 7R?R ;'66')* (+/$ #$%'), 6+(2 <$+%? T8+;6$ KQV
!"(2+'*$, #%)>2+;6$ )#$%+0)*( )= 29$ '*,"(2%< 9+&$ <'$6,$, ;$b$% %$2"%*( =)% ;+*5(@ (9+%$9)6,$%( +( +**"+6'D$, %$2"%* )* +(($2( THFYV +*, +**"+6'D$, %$2"%* )* $E"'2< THF-V (2)), 9'49$% +2 O?J #$%1$*2 +*, OW?R #$%1$*2C %$(#$10&$6<C =%)/ <$+%I+4) %+0)( )= O?W #$%1$*2 +*, ON?P #$%1$*2?
3< /+'* 4%)"#C [UI6'*5$, 29%': ;+*5( )*1$ +4+'* #%)&$, 2) ;$ /)%$ #%)>2+;6$ +4+'*(2 29$'% *)*I6'*5$, 1)"*2$%#+%2(C %$1)%,'*4 + *$2 #%)>2 )= 7R?O ;'66')* T,)A* ;< Q?K #$%1$*2 =%)/ 7R?W ;'66')* + <$+% +4)V? `)*I6'*5$, 29%': ;+*5(C )* 29$ )29$% 9+*,C #)(2$, + *$2 #%)>2 )= 7N?J ;'66')* T"# ;< RPO?P #$%1$*2 =%)/ 7N?O ;'66')* + <$+% +4)V?
89$ '*,"(2%<@( ;)b)/ 6'*$ A+( ;)6(2$%$, ;< 29$ 9'49$% )#$%+0*4 '*1)/$ ,"%'*4 29$ #$%'), A9'19 )"2#+1$, 29$ %'($ '* *)*I'*2$%$(2 $.#$*($(? 8)2+6 )#$%+0*4 '*1)/$ 4%$A ;< KW?W #$%1$*2 T7R?K ;'66')*V 2) 7KK?N ;'66')* =%)/ 7OL?X ;'66')* (+/$ #$%'), 6+(2 <$+%? `)*I'*2$%$(2 $.#$*($( %)($ ;< OQ?K #$%1$*2 T7O?P ;'66')*V 2) 7OR?W ;'66')* =%)/ 7OK?R ;'66')* (+/$ #$%'), 6+(2 <$+%?
89$ 4%)A29 '* )#$%+0*4 '*1)/$ A+( )* +11)"*2 )= 29$ Q?R #$%1$*2 T7N?X ;'66')*V 9'5$ '* *$2 '*2$%$(2 '*1)/$ 2) 7OR?X ;'66')* +*, 29$ PN?K #$%1$*2 T7W?R ;'66')*V %'($ '* *)*I'*2$%$(2 '*1)/$ 2) 7L?O ;'66')*?
89$ <$+%I)*I<$+% 4%)A29 '* *$2 '*2$%$(2 '*1)/$ A+( ,"$ 2) 29$ Q?J #$%1$*2 T7O?K ;'66')*V %'($ '* '*2$%$(2 '*1)/$ 2) 7KK?X ;'66')*? 89'( A+( #+%26< )g($2 ;< 29$ J?N #$%1$*2 T7N?R ;'66')*V '*1%$+($ '* '*2$%$(2 $.#$*($( 2) 7L?P ;'66')*? Y( + %$("62C +**"+6'D$, *$2 '*2$%$(2 /+%4'* *+%%)A$, 2) Q?R #$%1$*2 =%)/ <$+% +4)@( Q?J #$%1$*2?
U* 2$%/( )= (#$1'>1 ()"%1$( )= ;+*5 %$&$*"$(C ;"65 )= 29$ 7KK?X ;'66')* 2)2+6 '*2$%$(2 '*1)/$ 1+/$ =%)/ '*2$%$(2 )* 6)+*(C '*16",'*4 U3SC +11)"*0*4 =)% XQ?J #$%1$*2 (9+%$ T7OP?Q ;'66')*VC "# =%)/ XO?P #$%1$*2 (9+%$ T7OL?L ;'66')*V + <$+% +4)? U*2$%$(2 )* +&+'6+;6$I=)%I(+6$ TY[!V >*+*1'+6 +(($2( A+( + ,'(2+*2
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($1)*, A'29 + (9+%$ )= R?X #$%1$*2 T7O?O ;'66')*VC ,)A* =%)/ L?K #$%1$*2 T7O?J ;'66')*V + <$+% +4)?
Y 16)($% 6))5 +2 '*2$%$(2 $.#$*($( (9)A$, 29+2 + 4$*$%)"( #)%0)* )= 29$ 2)2+6 7L?P ;'66')* '*2$%$(2 $.#$*($( )% %)"496< PN?P #$%1$*2 T7L?K ;'66')*V A+( #+', )"2 2) ,$#)('2)%(? Y%)"*, XN?P #$%1$*2 T7Q?X ;'66')*V )= 29'( A+( (9$66$, )"2 )* 0/$ ,$#)('2 #6+1$/$*2(? \$+*0/$C '*2$%$(2 #+', )* ;)%%)A$, ="*,( 9$6, J?P #$%1$*2 (9+%$ T7N?Q ;'66')*V )= 2)2+6 '*2$%$(2 $.#$*($(?
89$ <$+%I)*I<$+% 9'5$ '* *)*I'*2$%$(2 '*1)/$ A+( ="$6$, ;< 29$ 4%)A29 '* 2%+,'*4 '*1)/$ ;< WNQ?O #$%1$*2 T7W?W ;'66')*VC =$$I;+($, '*1)/$ ;< J?P #$%1$*2 T7N?O ;'66')*V +*, ,'&',$*, '*1)/$ ;< KCORK?O #$%1$*2 T6$(( 29+* 9+6= )= 7N?O ;'66')*V?
3"65 )= 29$ '*,"(2%<@( *)*I'*2$%$(2 '*1)/$ 1+/$ =%)/ 2%+,'*4 )= ($1"%'0$( +*, =$$I;+($, %$&$*"$(?
8%+,'*4 '*1)/$ T$?4?C %$+6'D$, 4+'*( =%)/ ($1"%'0$(C =)%$'4* $.19+*4$ #%)>2V 1)/#%'($, JK?O #$%1$*2 T7R?R ;'66')*V )= 29$ 2)2+6 *)*I'*2$%$(2 '*1)/$? !)"%1$( )= 2%+,'*4 '*1)/$ 1+/$ #%'/+%'6< =%)/ %$+6'D$, 4+'*(h6)(($( =%)/ 4)&$%*/$*2 ($1"%'0$( +2 JP?J #$%1$*2 )% 7W?O ;'66')* T"# =%)/ OK?L #$%1$*2 )% 7N?O ;'66')*V?
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
U/#+'%/$*2 6)(($( )* >*+*1'+6 +(($2( A$*2 "# ;< OXR?K #$%1$*2 T7O?O ;'66')*V 2) 7O?L ;'66')* =%)/ 7N?J ;'66')* (+/$ #$%'), 6+(2 <$+%? [UI6'*5$, 29%': ;+*5( %$4'(2$%$, + 9'49$% '/#+'%/$*2 6)(( )* >*+*1'+6
+(($2( )= 7O?L ;'66')* T"# ;< KOK?P #$%1$*2 =%)/ 7N?Q ;'66')*V 1)/#+%$, 2) *)*I6'*5$, 29%': ;+*5(@ 6)(( #)(2$, +2 6$(( 29+* 7N?O ;'66')* T,)A* ;< R?R #$%1$*2 )% +2 %)"496< 29$ (+/$ 6$&$6 )= 6$(( 29+* 7N?O ;'66')*V?
89$ '*,"(2%< 1)*0*"$, 2) %$6< #%'/+%'6< )* 2%+,'0)*+6 %$&$*"$ (2%$+/( 2) ;))(2 #%)>2+;'6'2< T'?$?C '*2$%$(2 )* 6)+*( +*, '*&$(2/$*2(V +( ($$* '* 29$ 9'49$% #$%1$*2+4$ (9+%$ )= *$2 '*2$%$(2 '*1)/$ )&$% *)*I'*2$%$(2 '*1)/$? `$2 '*2$%$(2 '*1)/$ +11)"*2$, =)% JL?Q #$%1$*2 )% 7OR?X ;'66')* )= 2)2+6 )#$%+0*4 '*1)/$ A9'6$ *)*I'*2$%$(2 '*1)/$ 9$6, WK?Q #$%1$*2 (9+%$ )% 7L?O ;'66')*?
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
89$ +**"+6'D$, $+%*'*4 +(($2 <'$6, A$*2 "# 2) X?K #$%1$*2 =%)/ X?N #$%1$*2 '* KNOO? `)*$29$6$((C 29$ 4+# ;$2A$$* $+%*'*4 +(($2 <'$6, +*, 29$ +&$%+4$ POI,+< 8I;'66 %+2$ *+%%)A$, 2) JQQ ;+('( #)'*2( =%)/ JJQ ;+('( #)'*2( +( 29$ ;$*19/+%5 8I;'66 %+2$ /)&$, "# (6'4926< 2) O?L #$%1$*2 =%)/ O?R #$%1$*2 '* KNOO?
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The industry continued to rely primarily on traditional
revenue streams to boost pro!tability
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["*,'*4 1)(2C A9'19 (2)), 9'49$% +2 W?O #$%1$*2 =%)/ K?P #$%1$*2 '* KNOOC 9+, ;$$* +2 + #%$/'"/ )&$% 29$ ;$*19/+%5 '*2$%$(2 %+2$ =)% 29$ 6+(2 29%$$ 1)*($1"0&$ ($/$(2$%(? 89'( %$B$12( 29$ '*,"(2%<@( 1)/#$00&$ #%'1'*4 A9'19 4+&$ ,$#)('2)%( ;$b$% <'$6, 29+* %'(5I=%$$ 4)&$%*/$*2 ($1"%'0$(?
\$+*0/$C '*2$%$(2 (#%$+, ;+%$6< /)&$, =%)/ Q?O #$%1$*2 '* KNOO +( ;)29 $+%*'*4 +(($2 <'$6, +*, ="*,'*4 1)(2 '*1%$+($, +2 29$ (+/$ #+1$ ,"%'*4 29$ #$%'),?
`)*I'*2$%$(2 $.#$*($( %$+19$, 7OR?W ;'66')*C "# ;< OQ?K #$%1$*2 T7O?P ;'66')*V =%)/ 7OK?R ;'66')* (+/$ #$%'), 6+(2 <$+%? U*1%$+($( '* +66 1+2$4)%'$( "*,$% *)*I'*2$%$(2 $.#$*($( ="$6$, 29$ 9'5$ '* $.#$*($( ,"%'*4 29$ #$%'),?
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The strong demand for real estate loans for
commercial purposes is also partly driven
by the rapid takeo" of the business process
outsourcing (BPO) sector
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V@!#% H'3'6/2'H% ?#% $@'% );S% 2'".'8$% 4'?"T/8T4'?"%H'.6!8'% !8% $@'% 6'3'6% /0% 8/8T2'"0/"(!8I% `P#% J?#%./(26'('8$'H%=4%$@'%<;K%2'".'8$%'Z2?8#!/8%!8%$/$?6%`P#;%%
V@'% !8H1#$"4% ?6#/% ./8G81'H% $/% 2"/3!H'% 8'.'##?"4%018H!8I%$/%$@'%(!."/E%#(?66%?8H%('H!1(%'8$'"2"!#'#%9X&XO#>%?#%#''8%!8%$@'%!8H1#$"4R#%/3'"?66%./(26!?8.'%
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V@'%'8@?8.'H%6/?8%?8H%?##'$%F1?6!$4%/0%$@'%!8H1#$"4%J?#% #122/"$'H% =4% ?H'F1?$'% 2"/3!#!/8!8I% ?I?!8#$%'Z2'.$'H% ."'H!$% 6/##'#;% % L#% /0% '8HT^18'% )*+)E%?66/J?8.'% 0/"% ."'H!$% 6/##'#%/8% 6/?8#% #$//H%?$%5+:;A%=!66!/8%912%0"/(%5+A;K%=!66!/8%?%4'?"%?I/>;%%V@!#%="/1I@$%_5P%./3'"?I'%"?G/%$/%B+;:%2'".'8$E%@!I@'"%$@?8%$@'%:<;*%2'".'8$%"?G/%"'./"H'H%?%4'?"%?I/;%%X'?8J@!6'E%?66/J?8.'% /8% _5L#% "'?.@'H% 5+S;:% =!66!/8E% 12% 0"/(%5+C;)%=!66!/8% 6?#$%#'('#$'"%?8H% 0"/(%5+C;:%=!66!/8%?%4'?"%?I/;%%`/8#'F1'8$64E%_5L%./3'"?I'%"?G/%J!H'8'H%$/%KA;<%2'".'8$%0"/(%AB;B%2'".'8$%?%4'?"%?I/;
The quality of consumer loans improved during the
period
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Other Financial Assets
L#%/0%'8HT^18'%)*+)E%$@'%!8H1#$"4R#%$/$?6%!83'#$('8$#%?(/18$'H% $/% 5S);+% =!66!/8E% H/J8% =4% +B;*% 2'".'8$%95+C;S%=!66!/8>%0"/(%4'?"%?I/R#%5<S;<%=!66!/8;
]4% !8$'8$E% !83'#$('8$% 2/"c/6!/E% 8'$% @'6H% ?% @1I'%2/"G/8%/0%$/$?6%M8?8.!?6%?##'$#%/$@'"%$@?8% 6/?8#%?$%
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L#% $/% #2'.!M.% !8#$"1('8$#E% =16U% /0% 2/"c/6!/%!83'#$('8$#% J'"'% 6/HI'H% 18H'"% ?3?!6?=6'T0/"T#?6'%9L &>%#'.1"!G'#%J!$@%?%#@?"'%/0%K);B%2'".'8$%95AA;:%=!66!/8>E% H/J8% 0"/(% :);S% 2'".'8$% 95:*;)% =!66!/8>% ?%4'?"% ?I/;% % V@!#% J?#% 0/66/J'H% =4% @'6HT$/T(?$1"!$4%9hVX>%M8?8.!?6%?##'$#%?$%AS;S%2'".'8$%95A*;A%=!66!/8>E%12%0"/(%AA;K%2'".'8$%9=1$%H/J8%0"/(%5A+;B%=!66!/8>%?% 4'?"% ?I/;% % !8?8.!?6% ?##'$#% @'6H% 0/"% $"?H!8I% 9hV >%"/18H'H% 12% $@'% $@!"H% #2/$% ?$% ++;*% 2'".'8$% 95S;C%=!66!/8>E%12%0"/(%:;A%2'".'8$%95:;+%=!66!/8>%?%4'?"%?I/;%`/(=!8'HE% $@'#'% $@"''% !8#$"1('8$#% (?H'% 12% <);:%2'".'8$%/0%$@'%!8H1#$"4R#%$/$?6%!83'#$('8$%2/"c/6!/;
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X'?8G('E% 'F1!$4% !83'#$('8$% !8% #1=#!H!?"!'#E%?##/.!?$'#% ?8H% g/!8$% 3'8$1"'#E% 8'$% #$//H% ?$% 5A;S%=!66!/8E%H/J8%=4%+;+%2'".'8$% 96'##% $@?8%5*;+%=!66!/8>%0"/(%4'?"%?I/R#%5A;<%=!66!/8;
]4%(?!8% I"/12E% DT6!8U'H% $@"!Y% =?8U#% @'6H%(?g/"!$4%/0%'F1!$4% !83'#$('8$% !8%#1=#!H!?"!'#E%?##/.!?$'#%?8H%g/!8$% 3'8$1"'#E% 8'$% ?$% <*;+% 2'".'8$% 95A;K% =!66!/8>;%%_/8T6!8U'H% $@"!Y% =?8U#% ?../18$'H% 0/"% ('"'64% <;<%2'".'8$%95*;K%=!66!/8>;
`/18$'"2?"G'#%/0%$@"!Y%=?8U#%?#%$/%'F1!$4%!83'#$('8$#%J'"'%?66%"'#!H'8$%!##1'"#E%./8#!#G8I%/0%<B;S%2'".'8$%!8%/$@'"%2"!3?$'%./"2/"?G/8#%?8H%);)%2'".'8$%!8%/$@'"%=?8U#;
Thrift Banking Industry
Comparative NPL, NPA and Coverage Ratios
As of End-June 2012
In Percent
NPL NPL NPA NPABy Analytical Group Ratio Coverage Ratio Coverage
Ratio Ratio
5.0 71.5 6.6 43.9
FI-Linked Thrift Banks 3.7 95.7 4.9 60.9
Non-Linked Thrift Banks 8.3 42.2 10.4 25.0
TOTAL THRIFT BANKS
57%&12'"3!#!/8%?8H%OZ?(!8?G/8%&'.$/"
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Deposit Liabilities
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V@'%4'?"T/8T4'?"%I"/J$@% .?8%='% $"?.'H% $/% $@'%+:;K%2'".'8$% 95KS;+%=!66!/8>% "!#'% !8% DT6!8U'H% $@"!Y%=?8U#R%H'2/#!$% 6!?=!6!G'#% $/% 5AC+;:% =!66!/8% 0"/(% 5A+A;K%=!66!/8;%%D8%./8$"?#$E%8/8T6!8U'H%$@"!Y%=?8U#%"'./"H'H%?%);C%2'".'8$%95A;B%=!66!/8>%H'.6!8'%!8%$@'!"%$/$?6%H'2/#!$%6!?=!6!G'#%$/%5+A<;<%=!66!/8%0"/(%5+KA;C%=!66!/8;
]4% (?!8% I"/12E% DT6!8U'H% $@"!Y% =?8U#% ./8G81'H% $/%H/(!8?$'%J!$@% ?% =!II'"% #6!.'% /0% $@'% !8H1#$"4R#% $/$?6%H'2/#!$% 6!?=!6!G'#% ?$% B);+% 2'".'8$% 95AC+;:% =!66!/8>E%12% 0"/(% 4'?"% ?I/R#% CS;C% 2'".'8$% 95A+A;K% =!66!/8>;%%L"/18H% S<;S% 2'".'8$% /0% 6!8U'H% $@"!Y% =?8U#R% $/$?6%H'2/#!$% 6!?=!6!G'#%J?#%@'6H%=4%H/('#G.%=?8UT6!8U'H%$@"!Y%=?8U#;%%7/('#G.%=?8UT6!8U'H%$@"!Y%=?8U#%@?3'%./8#!#$'8$64%@'6H%=16U%/0%$@'%!8H1#$"4R#%H'2/#!$%=?#'%#!8.'%4'?"%+<<S;%%X'?8J@!6'E%8/8T6!8U'H%$@"!Y%=?8U#R%#@?"'%/0% $/$?6% H'2/#!$% 6!?=!6!G'#%J'8$%H/J8% $/%)B;<%2'".'8$%95+A<;<%=!66!/8>%0"/(%4'?"%?I/R#%A+;K%2'".'8$%95+KA;C%=!66!/8>;
D8% $'"(#% /0% .1""'8.4%(!ZE% =16U% /0% H'2/#!$% 6!?=!6!G'#%"'(?!8'H% #U'J'H% $/J?"H% 2'#/% H'2/#!$#% J@!.@%
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X'?8G('E%$@"!Y%=?8U%H'2/#!$/"#%#@/J'H%2"'0'"'8.'%0/"% @!I@'"T4!'6H!8I% 26?.'('8$#% ?#% G('% H'2/#!$%?../18$#% !8% =/$@% 2'#/% ?8H% 0/"'!I8% .1""'8.!'#% /8.'%?I?!8%/..12!'H%?%=!II'"%#6!.'%/0%$@'%!8H1#$"4R#%H'2/#!$%(!Z;
V!('%H'2/#!$#%./(2"!#'H%(/"'%$@?8%@?60%/0%$@'%$/$?6%2'#/%H'2/#!$%6!?=!6!G'#%?$%C+;S%2'".'8$%912%0"/(%:S;K%2'".'8$% ?% 4'?"% ?I/>;% % 7'(?8HQ_,j% ?8H% #?3!8I#%?../18$#%(?H'%12%$@'%=?6?8.'%/0%AS;)%2'".'8$%9H/J8%0"/(%K+;C%2'".'8$>;
&!(!6?"64E%G('%H'2/#!$#%@'6H%=16U%/0%0/"'!I8%.1""'8.4%H'2/#!$#% ?$% ::;K% 2'".'8$% 9H/J8% 0"/(% C*;*% 2'".'8$%?% 4'?"% ?I/>;% % 7'(?8HQ_,j% ?8H% #?3!8I#% ?../18$#%"'2"'#'8$'H%KK;C%2'".'8$%912%0"/(%K*;*%2'".'8$>;
L#% $/% ./18$'"2?"$4E% 8'?"64% ?66% H'2/#!$/"#% J'"'%"'#!H'8$#% ?$% <<;:% 2'".'8$% /"% 5K<S;B% =!66!/8% 9#6!I@$64%12% 0"/(%<<;K%2'".'8$%/"%5K:K;K%=!66!/8%?%4'?"%?I/>;%%
Thrift Banking Industry
Share of Deposits by Category
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# !
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1234/#%&5#6&7&'0&84.)%2"3("%0
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Capitalization
9/$;6% .;2!$;6% ;../18$#% "';.:'=% 5@F>)% A!66!/8G% 12% A4%+*>*% 2'".'8$% B5D>H% A!66!/8E% 0"/(% 4';"% ;I/J#% 5D@>F%A!66!/8>
K';8L('G%$:'%";L/%/0%.;2!$;6%;../18$#%$/%$/$;6%;##'$#%#$//=%;$%++>M%2'".'8$G%#;('%;#%4';"%;I/J#%";L/>
N4% ./(2/8'8$G% .;2!$;6% #$/.O%(;='%12% $:'%(;P/"!$4%/0% $:'% !8=1#$"4J#% .;2!$;6%(!Q%;$%D)>?%2'".'8$% B5FD>F%A!66!/8E>% % R'$;!8'=% ';"8!8I#% ;8=% 18=!3!='=% 2"/S$#%;../18$'=% 0/"% TD>*% 2'".'8$% B5)D>@% A!66!/8E>% % 9:'%"'(;!8!8I%A;6;8.'%C;#%:'6=%A4%;22";!#;6% !8."'('8$%"'#'"3'#% ;8=% /$:'"% ./(2"':'8#!3'% !8./('% C:!.:%$/I'$:'"% "'2"'#'8$'=% +>F% 2'".'8$% B5+>+% A!66!/8E% /0%$/$;6%.;2!$;6%;../18$#>
N4%(;!8%I"/12G% U<6!8O'=% $:"!V%A;8O#%;../18$'=% 0/"%;%6;"I'"%2/"L/8%/0%$:'%!8=1#$"4J#%.;2!$;6%A;#'%;$%DH>@%2'".'8$% B5?+>*%A!66!/8EG% ;"/18=%HD>D%2'".'8$% B5FF>+%A!66!/8E% /0%C:!.:%C;#% :'6=% A4% =/('#L.% A;8O<6!8O'=%
$:"!V% A;8O#>% W/8<6!8O'=% $:"!V% A;8O#% "'2"'#'8$'=%T+>T% 2'".'8$% B5)T>)% A!66!/8E>% % U<6!8O'=% $:"!V% A;8O#%./8#!#$'8$64% :'6=% $:'% 6;"I'"% 2!'.'% /0% $:'% !8=1#$"4J#%.;2!$;6%A;#'%#!8.'%)**F>
9:'% !8=1#$"4% #1#$;!8'=% !$#% #$"/8I% #/63'8.4% 2/#!L/8%C!$:% .;2!$;6% ;='X1;.4% ";L/% BYZRE% (;!8$;!8'=%;$% ;% "';#/8;A64% ./(0/"$;A6'% 6'3'6>% Z#% /0%'8=<7'.'(A'"%)*++G%$:'%!8=1#$"4J#%YZR%/8%A/$:%#/6/%;8=%./8#/6!=;$'=%A;#'#%#$//=%;$%+?>M%2'".'8$%B12%0"/(%+?>?%2'".'8$%;$%'8=<[18'%)*++E>%%9:!#%";L/%!#%:!I:'"%$:;8%$:'%N&5J#%(!8!(1(%"'I16;$/"4%"'X1!"'('8$%/0%+*%2'".'8$%;8=%$:'%N;#'6%Z../"=J#%#$;8=;"=%";L/%/0%H%2'".'8$>%%
Selected Contingent Accounts
Trade-related Contingent Accounts
Z#% /0% '8=<[18'% )*+)G% $";='<"'6;$'=% ./8L8I'8$%;../18$#%/0%$:'%!8=1#$"4%"';.:'=%5*>@%A!66!/8G%:!I:'"%A4%)*)>T%2'".'8$%$:;8%4';"%;I/J#%5*>)%A!66!/8>%%\"/C$:%C;#%=1'%$/%!8."'('8$#%!8%$:'%;(/18$%/0%=/('#L.%;8=%0/"'!I8%./(('".!;6%6']'"#%/0%."'=!$%B^Y#E%/1$#$;8=!8I%!##1'=>%%7/('#L.%./(('".!;6%^Y#%/1$#$;8=!8I%I"'C%A4%+G+M?>)%2'".'8$% $/%5TF%(!66!/8% 0"/(%.6/#'% $/%5T%(!66!/8% ;% 4';"% ;I/% C:!6'% 0/"'!I8% ./(('".!;6% ^Y#%/1$#$;8=!8I% "/#'% A4% +*F>T% 2'".'8$% $/% 5*>F% A!66!/8%
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ACCD ACCB ACCE ACFC ACFF ACCD ACCB ACCE ACFC ACFF
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Z#% ;% 2"/2/"L/8% /0% $/$;6% $";='<"'6;$'=% ./8L8I'8$%;../18$#G% 0/"'!I8% ./(('".!;6% ^Y#% /1$#$;8=!8I% :'6=%$:'%A16O%/0%$:'%$/$;6%C!$:%?@>T%2'".'8$%#:;"'>%%&:!2#!='%A/8=#`;!"C;4% A!66#% C:!.:% #$//=% ;$% 5*>T% A!66!/8% :'6=%T@>@% 2'".'8$% #:;"'>% 7/('#L.% ^Y#% /1$#$;8=!8I% :'6=%$:'%A;6;8.'%/0%?>*%2'".'8$>%%K;P/"!$4%/"%;"/18=%MH>M%2'".'8$% /0% $";='<"'6;$'=% ./8L8I'8$% ;../18$#% C'"'%$";8#;.L/8#%/0%8/8<6!8O'=%$:"!V%A;8O#>
Bank Guarantees
K';8L('G%A;8O%I1;";8$''#%#$//=%;$%5+>*%A!66!/8G%12%A4%@T>?%2'".'8$%0"/(%4';"%;I/J#%5*>D%A!66!/8>%%9:'%I"/C$:%C;#% $";.'=% $/% $:'%F@>+%2'".'8$% !8."';#'% !8% #$;8=<A4%^Y#%!##1'=%C:!.:%;(/18$'=%$/%5*>H%A!66!/8%0"/(%5*>?%A!66!/8%;%4';"%;I/>% %&!(!6;"64G%/1$#$;8=!8I%I1;";8$''#%!##1'=%I"'C%A4%+GH)?>?%2'".'8$%$/%5*>+%A!66!/8%0"/(%5H%(!66!/8%;%4';"%;I/>
Z#% $/% ./(2/#!L/8G% $:'% 6;"I'#$% 2/"L/8% /0% A;8O%I1;";8$''#%C;#% !8% $:'% 0/"(% /0% #$;8=<A4% ^Y#% ;$% HT>?%2'".'8$%#:;"'%B5*>H%A!66!/8E>%%,1$#$;8=!8I%I1;";8$''#%!##1'=%;../18$'=%0/"%+D>?%2'".'8$%#:;"'%B5*>+%A!66!/8E>%%N4%(;!8%I"/12G%8/8<6!8O'=%$:"!V%A;8O#%"'(;!8'=%$:'%6';=% !##1'"#% /0% A;8O% I1;";8$''#% C!$:% D)>+% 2'".'8$%
#:;"'%B5*>D%A!66!/8E%/0%$:'%$/$;6>%% U<6!8O'=%$:"!V%A;8O#%:'6=%$:'%"'(;!8!8I%T@>M%2'".'8$%#:;"'%B5*>F%A!66!/8E>
Bank Commitments
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
Derivatives
9:'%8/L/8;6%3;61'%/0%='"!3;L3'#%$";8#;.L/8#%"';.:'=%5M>H% A!66!/8G% =/C8% A4% T>?% 2'".'8$% 0"/(% 4';"% ;I/J#%5+*>)%A!66!/8>%7'"!3;L3'#% !8#$"1('8$#%C'"'%2"!(;"!64%!8$'"'#$% ";$'% ./8$";.$#% ;$% MD>?% 2'".'8$% #:;"'% B5M>?%A!66!/8E%;8=%0/"'!I8%'Q.:;8I'%./8$";.$#%;$%T>?%2'".'8$%#:;"'% B5*>T% A!66!/8E>% % U<6!8O'=% $:"!V% A;8O#% "'(;!8'=%$:'% 6';=% !##1'"#% /0% ='"!3;L3'#% !8#$"1('8$#% ;$% H?>*%2'".'8$%#:;"'%B5H>F%A!66!/8E%/0%$:'%$/$;6%8/L/8;6%3;61'%/0%='"!3;L3'#>
As a proportion of total trade-related
contingent accounts, foreign commercial LCs
outstanding held the bulk of the total with
57.3 percent share, while majority or around 98.9 percent of trade-related
contingent accounts were transactions of non-linked
thrift banks
