UCPB, BDO Private Bank, AUB post best ROE in 2020; Citibank, HSBC, JP Morgan, Deutsche Bank, StanChart crash out of top 10

United Coconut Planters Bank, BDO Private Bank, and Asia United Bank steamrolled through the coronavirus-ravaged 2020 with the most impressive return on equity (ROE) among the country’s banks.

By Eileen Mencias

Based on data from the Bangko Sentral ng Pilipinas, UCPB posted a 20.03 ROE in 2020 which propelled it to the number one spot among the 46 universal and commercial banks in the country from number three in 2019.

Albeit lower than last year’s 22.59 percent ROE, UCPB is the only bank with better than 20 percent returns.

The Sy-blings BDO Private Bank was number two with an ROE of 17.2 percent in 2020, up from seventh place or 15.03 percent ROE in 2019.

AUB of bilyonaryo Jacinto Ng came in third with an ROE of 14.35 percent in 2020, up from eight place or 14.7 percent ROE in 2019.

Rounding up the top 10 banks with the best ROEs are:

* Sy-blings’ China Banking Corp. (13.44 percent)

* Gotianun family’s East West Banking Corp. (12.47 percent)

* Aboitizes’ Union Bank of the Philippines (11.91 percent)

* state-owned Land Bank of the Philippines (11.76 percent)

* Lucio Co’s Philippine Bank of Communications (9.86 percent)

* Standard Chartered Bank (8.89 percent)

* Ayalas’ Bank of the Philipine Islands (7.77 percent)

Last year’s number one, Citibank, led a apack munltinational banks that tumbled out of the top 10 ROE ranking.

Citibank plunged to 35th place with an ROE of .22 percent in 2020 from 28.57 percent in 2019.

Other notable Top 10 ROE dropouts in 2020 are:

* Philippine Veterans Bank (down from second to 44th spot with -34.9 percent ROE)

* JP Morgan Chase (down from 4th to 25th with 3.39 percent ROE)

* Hong Kong & Shanghai Banking Corp. ( down from 5th to 27th with 2.3 percent ROE)

* Duetsche Bank AG (down from 9th to 34th with .51 percent ROE)

* Bank of America N.A. (down from 1oth to to 22nd with 3.69 percent ROE).

ROE, which is net income returned as a percentage of the shareholders equity, indicates how well a bank’s managers are using its assets to create profits or maximize shareholder value.

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