33  SELECTED PERFORMANCE INDICATORS
            Rural and Cooperative Banking System  
            for the periods indicated  
            in percent  
                     
  1999   2000  
  Mar June Sept Dec   Mar June Sept Dec  
Annual Growth Rates                     
                     
   Balance Sheet                    
       Total assets 3.7 2.1 2.4 2.1   3.4 6.1 6.6 8.8  
       Cash and Due From Banks (1.7) (2.5) 5.6 6.0   17.2 16.2 9.9 18.6  
       Loans (gross) 2.6 1.2 0.2 (0.6)   (1.4) 0.3 0.9 1.6  
          Allowance for probable losses 59.5 66.6 68.0 51.2   41.6 27.2 20.9 15.4  
       Loans (net) 1.4 (0.3) (1.5) (2.1)   (2.9) (0.7) 0.1 1.0  
       Investments (net) 7.4 2.7 4.5 (6.8)   27.2 38.1 49.7 87.4  
       Other Assets 25.3 23.5 20.3 22.4   14.7 21.5 24.8 20.4  
       Deposits 0.6 0.5 1.9 (2.4)   4.2 6.6 7.9 16.2  
       Bills Payable 15.7 13.5 9.0 17.0   (3.6) (5.5) 2.0 (3.5)  
       Special Financing (5.8) (5.5) (7.8) (8.2)   (11.6) (7.1) 12.3 (9.0)  
       Other Liabilities 10.1 0.8 (4.0) 6.6   4.9 7.5 (7.5) (22.4)  
       Total capital accounts 4.9 1.4 3.5 5.6   5.8 13.0 11.9 10.5  
                     
   Income Statement                    
       Total Operating Income (1.9) (0.8) 2.5 2.1   1.5 5.1 2.5 1.2  
           Net Interest Income (4.5) (1.9) 1.8 0.4   2.2 6.5 5.7 5.0  
           Non-Interest Income 2.3 1.0 3.7 4.8   0.5 3.1 (2.2) (4.8)  
       Operating Expenses 11.6 9.9 6.8 3.6 (2.5) (0.5) 0.9 2.3  
          Bad debt Expenses/Provisions for Probable Losses 129.5 135.6 77.1 (7.8)   (46.1) (57.8) (44.4) (37.9)  
          Other Operating Expenses 9.4 6.8 4.5 4.3   (0.8) 2.7 3.3 4.2  
       Net Operating Income (43.8) (41.6) (16.7) (7.7)   26.6 45.4 12.3 (6.7)  
       Extraordinary Credits (20.1) 90.9 164.9 130.6   (23.0) (57.8) 2,081.8 2,998.5  
       Net Income After tax (NIAT) (47.0) (46.0) (20.4) (10.9)   26.9 50.8 32.7 41.2  
                     
Selected Ratios                    
                        
   Liquidity                    
       Cash and due from banks to deposits 25.0 25.4 25.9 27.5   28.1 27.7 26.4 28.1  
       Liquid Assets to Deposits 28.9 29.4 30.2 31.1   32.9 32.9 32.3 33.9  
       Loans (gross)  to deposits 112.5 110.3 111.2 116.7   106.5 103.8 104.0 102.1  
                     
   Asset Quality                    
       Non-performing loans (NPL) ratio  19.6 20.4 20.0 19.6   19.7 19.8 19.2 18.1  
       NPL coverage ratio 1/ 16.8 18.5 20.5 23.0   24.0 24.2 25.6 28.2  
       Non-performing assets(NPA) to Gross Assets  17.8 18.8 18.9 19.4   19.1 19.4 19.9 19.6  
       NPA coverage ratio 2/  12.7 13.8 14.7 15.6   16.2 15.9 16.7 17.4  
       Distressed Asset Ratio 3/ 24.4 25.6 25.8 26.4   26.8 27.3 30.1 29.8  
                     
  Capital Adequacy                    
       Networth-To-Risk Assets Ratio 4/ 17.7 17.3 18.0 18.4   18.1 18.5 17.4 16.9  
       Total Capital Accounts to Total Assets 15.7 15.3 16.0 16.3   16.1 16.3 16.8 16.6  
                     
  Profitability 5/                    
       Cost to Income Ratio 84.0 84.8 83.0 83.6   83.2 82.7 84.0 86.1  
       Return on assets (ROA)  1.0 0.8 1.0 1.1   1.1 1.3 1.3 1.5  
       Return on equity (ROE)  6.2 5.2 6.1 6.8   7.2 8.2 8.2 8.8  
                     
1/ Ratio of Loan Loss Reserves to NPL
2/ Ratio of valuation reserves (for loans and ROPOA) to NPAs
3/ Ratio of NPL + ROPOA, gross + Restructured Loans, current to TLP, gross + ROPOA, gross
4/ Based on the old framework provided for under Section 22 of the old General Banking Act
5/ Annualized
Source: Supervisory Reports and Studies Office, Supervision and Examination Sector
Updated as of 12 March 2004