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| 15 SELECTED PERFORMANCE INDICATORS |
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| Commercial
Banks |
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| as of end of
periods indicated |
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| in billion
pesos |
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Selected Ratios |
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COMMERCIAL
BANKS |
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March 1999 |
June 1999 |
Sept 1999 |
Dec 1999 |
March 2000 |
June 2000 |
Sept 2000 |
Dec 2000 |
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ANNUAL GROWTH RATES |
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Balance Sheet |
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Total Assets |
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12.6 |
2.8 |
(3.9) |
3.1 |
(0.1) |
10.9 |
20.6 |
27.1 |
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Cash and Due From Banks |
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51.3 |
6.7 |
(11.9) |
24.4 |
(4.8) |
21.4 |
30.7 |
11.3 |
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Interbank Loans Receivable |
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34.7 |
0.6 |
(18.1) |
22.4 |
(25.9) |
(25.8) |
35.0 |
75.1 |
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Loans, gross (exclusive of IBL) |
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(2.0) |
(4.2) |
(2.2) |
2.1 |
4.7 |
17.9 |
17.4 |
21.5 |
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Allowance for Probable Losses |
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81.6 |
55.1 |
27.6 |
11.1 |
5.4 |
39.8 |
45.3 |
55.4 |
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Loans, net (exclusive of IBL) |
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(4.4) |
(6.0) |
(3.3) |
1.7 |
4.7 |
16.7 |
16.1 |
19.8 |
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Investments, net |
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24.4 |
19.4 |
2.0 |
(3.9) |
4.5 |
(2.5) |
16.9 |
34.2 |
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ROPOA, net |
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151.3 |
128.9 |
89.0 |
13.8 |
(6.3) |
8.3 |
9.3 |
58.5 |
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Other Assets |
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13.0 |
11.0 |
10.5 |
15.9 |
0.8 |
34.4 |
33.8 |
29.5 |
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Total Liabilities |
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11.7 |
0.6 |
(5.0) |
3.5 |
(0.1) |
13.0 |
23.1 |
32.3 |
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Deposits |
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18.8 |
13.1 |
4.9 |
9.0 |
7.1 |
13.8 |
27.2 |
36.7 |
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Bills Payable |
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(8.1) |
(17.4) |
(37.7) |
(21.5) |
(25.2) |
24.9 |
41.7 |
28.9 |
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Special Financing |
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(15.7) |
(23.3) |
(31.1) |
(46.0) |
(47.5) |
(50.1) |
(53.5) |
(94.4) |
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Unsecured Subordinated Debt |
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0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Liabilities |
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5.2 |
(20.8) |
(14.9) |
(1.6) |
(8.3) |
4.3 |
2.3 |
18.0 |
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Total Capital Accounts |
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16.8 |
15.2 |
2.0 |
1.3 |
0.1 |
0.4 |
8.1 |
1.7 |
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Income Statement |
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Total Operating Income |
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(3.0) |
87.0 |
195.7 |
(14.4) |
(9.6) |
(5.5) |
1.9 |
16.8 |
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Net Interest Income |
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(7.2) |
91.6 |
173.6 |
(13.1) |
(0.4) |
(1.4) |
3.5 |
12.7 |
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Non-Interest Income |
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4.1 |
79.5 |
248.2 |
(17.1) |
(23.3) |
(12.8) |
(1.0) |
25.3 |
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Operating Expenses |
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7.9 |
104.8 |
172.9 |
(6.5) |
(21.2) |
(10.5) |
(2.8) |
1.2 |
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Bad Debts / Provisions for Probable Losses |
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15.9 |
116.9 |
97.0 |
(9.9) |
(72.8) |
(63.7) |
(39.6) |
(45.5) |
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Other Operating Expenses |
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5.7 |
101.8 |
203.4 |
(5.3) |
(5.5) |
3.5 |
6.9 |
16.9 |
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Net Operating Income |
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(44.1) |
19.0 |
1,492.6 |
(104.0) |
74.5 |
27.2 |
47.4 |
(4,057.8) |
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Extraordinary Credits/(Charges) |
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(44.6) |
(10.2) |
(529.0) |
(75.8) |
(74.6) |
(34.0) |
(49.8) |
(16.6) |
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Net Income After Tax (NIAT) |
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(5.9) |
(25.8) |
(916.1) |
(119.6) |
38.5 |
2.4 |
27.3 |
(590.1) |
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SELECTED RATIOS |
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LIQUIDITY |
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Cash and Due from Banks to Deposits |
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27.3 |
23.9 |
21.5 |
24.1 |
24.2 |
25.5 |
22.1 |
19.7 |
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Liquid Assets to Deposits |
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61.0 |
58.7 |
50.2 |
53.5 |
56.5 |
55.9 |
49.2 |
49.1 |
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Loans, gross to Deposits |
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104.4 |
101.6 |
105.1 |
101.2 |
97.5 |
99.6 |
98.6 |
95.4 |
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ASSET
QUALITY |
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Non-performing Loans (NPL) Ratio |
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10.8 |
11.3 |
9.8 |
9.6 |
10.6 |
11.3 |
11.3 |
10.5 |
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Non-performing Loans (NPL) Ratio
(exclusive of IBL) |
12.8 |
13.3 |
10.9 |
11.1 |
12.0 |
12.5 |
12.9 |
12.8 |
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NPL
Coverage Ratio 1/
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39.8 |
36.6 |
42.1 |
42.9 |
42.5 |
46.2 |
44.1 |
47.5 |
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Non-performing Assets(NPA) to Gross
Assets |
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8.0 |
8.5 |
8.2 |
7.3 |
7.8 |
8.5 |
8.9 |
8.3 |
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NPA Coverage Ratio |
NPA Coverage Ratio 2/ |
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30.8 |
28.4 |
30.9 |
33.8 |
33.5 |
36.4 |
34.7 |
36.7 |
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Distressed
Asset Ratio |
Distressed Asset Ratio 3/ |
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15.2 |
15.9 |
14.8 |
13.5 |
15.0 |
16.2 |
16.2 |
15.1 |
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CAPITAL ADEQUACY |
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Capital
Adequacy Ratio (CAR) |
Capital Adequacy Ratio (CAR) 4/ |
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Solo Basis |
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Consolidated Basis |
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Total Capital Accounts to Total Assets |
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17.3 |
17.1 |
16.8 |
16.9 |
17.3 |
15.5 |
15.1 |
13.5 |
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PROFITABILITY 5/ |
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Earning Asset Yield 6/ |
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13.0 |
11.8 |
11.6 |
10.5 |
10.4 |
9.9 |
10.8 |
11.3 |
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Funding Cost 7/ |
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9.5 |
8.7 |
8.3 |
7.3 |
7.0 |
6.8 |
7.6 |
8.3 |
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Interest Spread /8 |
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3.4 |
3.1 |
3.3 |
3.1 |
3.4 |
3.1 |
3.1 |
3.0 |
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Net
Interest Margin 9/ |
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5.0 |
4.7 |
4.7 |
4.3 |
4.3 |
4.0 |
4.2 |
4.1 |
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Net
Interest Income to Total Operating Incom |
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65.9 |
67.4 |
66.9 |
67.6 |
69.5 |
69.3 |
68.3 |
65.2
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Cost to Income Ratio 10/ |
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69.4 |
71.1 |
73.2 |
75.2 |
76.2 |
79.1 |
78.0 |
75.2
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Return on Assets |
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0.7 |
0.3 |
0.3 |
(0.1) |
(0.1) |
(0.1) |
(0.0) |
0.5 |
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Return on Equity |
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4.0 |
2.1 |
2.0 |
(0.7) |
(0.4) |
(0.7) |
(0.3) |
3.6 |
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1/ Ratio of
Loan Loss Reserves to NPL |
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2/ Ratio of
valuation reserves (for loans and ROPOA) to NPAs |
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3/ Ratio of NPL + ROPOA, gross + Restructured
Loans, current to TLP, gross + ROPOA, gross. Effective 31 July 2004, |
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Restructured Loans, performing was used
in lieu of Restructured Loans, current. |
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4/ Based on the new framework provided for under Circular No.
280 dated 29 March 2001 which was formally adopted |
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starting 1 July 2001 |
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5/ Income and Expenses accounts annualized |
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6/ Refers to
the ratio of Interest Income to Average Earning Assets |
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7/ Refers to
the ratio of Interest Expenses to Average Interest-Bearing Liabilities |
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8/ Refers to
the difference between Earning Asset Yield and Funding Cost |
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9/ Refers to
the ratio of Net Interest Income to Average Earning Assets |
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10/ Refers to
the ratio of Operating Expense (composed of Non-interest Operating Expense
exclusive Bad Debts and Provisions) |
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to
Total Operating Income (composed of Net Interest Income and non-interest
operating income) |
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Source: Supervisory Data Center, Supervision and
Examination Sector |
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