The 3 Most Stable Banks in the Philippines: Which Bank do you Use?

December 12, 2008

Buhay ko na naman?

Quote on Dec 12, 2008, 12:15 PM

"one way to maximize earnings, don't believe in rumors."

That’s true, if unsubstantiated. But as we have realized (again and again), it’s quite difficult to find facts. Unless of course, we work for them. But are we allowed (if not willing) to share these data? Yes, kung ayaw na nating mabuhay. Hehe.

Just don’t discount the harsh reality that WHEN THERE IS SMOKE THERE IS FIRE (tama ka boss S). I should know, because I’ve been scammed, twice (yes, TWICE).

And like many others I CHOSE to believe what I THOUGHT, and HOPED (not to mention FED) refusing to SEE the OTHER SIDE. Because I thought, the RUMORS were just BAD PUBLICITY. PERO, sino ba namang may-ari ang aamin? But I could have gotten out earlier, much more, prevented it. There were just too many investors getting in, and they were offering too high an interest. In my ignorance and greed back then, I didn’t bother to examine myself HOW could it be even possible?

I fought back the anxiety, and fear. In fact, I even deposited another 60K A WEEK before the official statement of CLOSURE!

Rather look for the source, and see how big or small it is. Wether it can be ABATED (in the short or long run, depending on your time horizon) or it is time to RUN.

So, take coverage, DON’T BE LURED BY THE FAT INTEREST ALONE. Better yet, CHOOSE WELL. Dun sa di ka masusunog at MALINIS na paraan. Para masunog ka man, sa heaven ka mapupunta. Joke lang.

Quote on Dec 12, 2008, 11:58 AM

"i stumbled upon this forum upon hearing rumors that BPI might close... again, rumor lang... pero for peace of mind, do you think these 3 big banks will have any problems in the immediate future?"

For your question, well, I don’t think anybody could give you a direct answer. Unless of course there’s a board member here from those 3 banks. Or better their accountant. In that case, for any conclusion we may come up from inputs here, IS but PARTLY SPECULATED.

I’ve said before that profitability and reduced risk (high liquidity, low credit and interest risk) is what defines a bank stability (in my opinion). Unfortunately unless we are an “insider” we won’t have access to full transparency. Let’s just comfort ourselves with the figures thatBoss S provided in the first post. If your bank isn’t there, it just means that they fall below the figures, RELATIVELY, and not because they’re unstable.

In times like this, the most important is liquidity. As much as we’d hope to put calm in all investors, there’ll still be a significant number who will withdraw their money, like it or not. If that’s what will give you peace of mind, then SO BE IT. Just hire a security guard. If the bank has indeed managed the business well – enough capital, tight risk-management, good policies - should MOST of its investors decide to take out their money, then this SHOULD not be ALL the reason to CLOSE the bank. And don't expect high interest.

I’d hate to compare commercial vs rural because in the first place they are two separate entities. Besides we all have our own reasons for getting in one and not on the other.

For your peace of mind (and mine, too), let me ask you a question. During times like this, in which bank will you feel most safe to park your money in?

If you say under your mattress, then I don’t think, there should be any conflict?

Oh, by the way, pwede tayong makilagay sa kaha de yero ng mayayaman. They are called banks. Hehe.

And do you know, that HUMOR is one of the BEST defense mechanism?


And that verbalization will help relieve anxiety.