10  SELECTED ASSET QUALITY INDICATORS  
            Philippine Banking System    
            as of end of periods indicated    
            in billion pesos    
                     
ACCOUNTS 2001   2002  
Mar June Sept Dec   Mar June Sept Dec  
All Banks                    
     Interbank Loans Receivable  149.793 155.213 173.630 206.098   194.097 221.164 213.541 216.670  
     Total Loan Portfolio, gross (inclusive of IBL) 1/ 1,734.711 1,759.042 1,755.578 1,812.157   1,822.102 1,800.218 1,827.314 1,840.839  
     Past Due Loans 2/ 296.774 302.745 317.811 314.760   340.120 325.309 310.124 287.972  
     Non-performing Loans  281.205 290.764 305.672 305.794   321.472 316.531      295.20 269.623  
     Loan Loss Reserves 1/ 120.135 130.616 133.231 138.595   142.801 148.790 139.998 135.447  
     ROPOA, gross 163.266 174.909 179.705 191.418   198.421 203.455 213.826 217.600  
     Restructured Loans, current 61.895 66.664 64.551 72.688   71.199 71.031 78.438 83.699  
     Non-performing Assets  444.471 465.673 485.377 497.212   519.893 519.985 509.021 487.223  
     Gross Assets 3/ 3,333.551 3,398.317 3,384.000 3,406.298   3,432.545 3,493.810 3,535.589 3,622.521  
     Allowance for ROPOA 5.304 8.418 8.286 8.431   8.618 9.548 10.291 11.345  
     Distressed Assets 4/ 506.366 532.337 549.928 569.900   591.092 591.017 587.459 570.922  
Universal and Commercial Banks                     
     Interbank Loans Receivable  143.967 149.115 169.757 201.240   190.817 213.112 206.303 209.053  
     Total Loan Portfolio, gross (inclusive of IBL) 1/ 1,553.085 1,575.233 1,572.600 1,625.052   1,632.680 1,600.126 1,623.302 1,639.379  
     Past Due Loans 2/ 271.946 277.722 292.613 289.339   310.863 295.555 278.578 259.685  
     Non-performing Loans  257.741 267.116 281.826 281.908   293.829 288.970 266.838 245.102  
     Loan Loss Reserves 1/ 109.922 120.210 122.578 127.412   130.899 136.750 128.299 125.458  
     ROPOA, gross 135.621 144.791 148.686 158.574   164.216 167.786 177.350 183.028  
     Restructured Loans, current 58.524 61.898 61.090 69.276   69.150 67.299 75.030 80.610  
     Non-performing Assets  393.362 411.907 430.512 440.482   458.045 456.756 444.188 428.130  
     Gross Assets 3/ 3,020.540 3,079.292 3,067.349 3,077.632   3,102.496 3,147.615 3,182.563 3,277.007  
     Allowance for ROPOA 4.245 7.253 7.148 7.447   7.607 8.519 9.083 10.137  
     Distressed Assets 4/ 451.886 473.805 491.602 509.758   527.195 524.055 519.218 508.740  
Thrift Banks                    
     Interbank Loans Receivable  5.826 6.098 3.873 4.858   3.280 8.052 7.238 7.617  
     Total Loan Portfolio, gross (inclusive of IBL) 1/ 139.053 140.695 138.665 141.760   142.960 152.465 154.333 150.860  
     Past Due Loans 2/ 16.891 17.070 17.535 17.690   21.148 21.441 22.904 19.682  
     Non-performing Loans  16.022 16.289 17.031 17.021   20.615 20.496 21.057 17.464  
     Loan Loss Reserves 1/ 7.955 8.077 8.265 8.697   9.392 9.515 9.200 7.530  
     ROPOA, gross 21.862 24.048 24.791 26.165   27.045 28.539 29.117 27.079  
     Restructured Loans, current 2.346 3.642 2.357 2.371   0.936 2.668 2.434 2.178  
     Non-performing Assets  37.884 40.337 41.822 43.186   47.660 49.034 50.174 44.543  
     Gross Assets 3/ 243.892 247.835 245.153 254.753   253.687 266.843 271.653 261.958  
     Allowance for ROPOA 0.921 1.017 0.991 0.832   0.856 0.862 1.033 1.021  
     Distressed Assets 4/ 40.230 43.979 44.179 45.557   48.596 51.703 52.608 46.721  
Rural and Cooperative Banks                    
     Interbank Loans Receivable  0.000 0.000 0.000 0.000   0.000 0.000 0.000 0.000  
     Total Loan Portfolio, gross (inclusive of IBL) 1/ 42.573 43.114 44.313 45.345   46.462 47.627 49.679 50.600  
     Past Due Loans 2/ 7.937 7.953 7.663 7.731   8.109 8.313 8.642 8.605  
     Non-performing Loans  7.442 7.359 6.815 6.865   7.028 7.065 7.300 7.057  
     Loan Loss Reserves 1/ 2.258 2.329 2.388 2.486   2.510 2.525 2.499 2.459  
     ROPOA, gross 5.783 6.070 6.228 6.679   7.160 7.130 7.359 7.493  
     Restructured Loans, current 1.025 1.124 1.104 1.041   1.113 1.064 0.974 0.911  
     Non-performing Assets  13.225 13.429 13.043 13.544   14.188 14.195 14.659 14.550  
     Gross Assets 3/ 69.119 71.190 71.498 73.913   76.362 79.352 81.373 83.556  
     Allowance for ROPOA 0.138 0.148 0.147 0.152   0.155 0.167 0.175 0.187  
     Distressed Assets 4/ 14.250 14.553 14.147 14.585   15.301 15.259 15.633 15.461  
                     
                     
10  SELECTED ASSET QUALITY INDICATORS  
            Philippine Banking System    
            as of end of periods indicated    
            in percent    
                     
RATIOS  2001   2002  
Mar June Sept Dec   Mar June Sept Dec  
                     
All Banks                    
     LLR to TLP 6.9 7.4 7.6 7.6   7.8 8.3 7.7 7.4  
     Past Due Ratio 17.1 17.2 18.1 17.4   18.7 18.1 16.9 15.5  
     NPL Ratio (inclusive of IBL) 16.2 16.5 17.4 16.9   17.6 17.6 16.2 14.6  
     NPL Ratio (exclusive of IBL) 17.7 18.1 19.3 19.0   19.7 20.0 18.3 16.6  
     NPL Coverage Ratio 42.7 44.9 43.6 45.3   44.4 47.0 47.4 50.2  
     NPA Ratio  13.3 13.7 14.3 14.6   15.1 14.9 14.4 13.4  
     NPA Coverage Ratio 28.2 29.9 29.2 29.6   29.1 30.5 29.5 30.1  
     Distressed Asset Ratio 26.7 27.5 28.4 28.4   29.3 29.5 28.8 27.7  
Universal and Commercial Banks                    
     LLR to TLP 7.1 7.6 7.8 7.8   8.0 8.5 7.9 7.7  
     Past Due Ratio 17.5 17.6 18.6 17.8   19.0 18.5 17.0 15.7  
     NPL Ratio (inclusive of IBL) 16.6 17.0 17.9 17.3   18.0 18.1 16.4 15.0  
     NPL Ratio (exclusive of IBL) 18.3 18.7 20.1 19.8   20.4 20.8 18.8 17.1  
     NPL Coverage Ratio 42.6 45.0 43.5 45.2   44.5 47.3 48.1 51.2  
     NPA Ratio  13.0 13.4 14.0 14.3   14.8 14.5 14.0 13.1  
     NPA Coverage Ratio 29.0 30.9 30.1 30.6   30.2 31.8 30.9 31.7  
     Distressed Asset Ratio 26.8 27.5 28.6 28.6   29.3 29.6 28.8 27.9  
Thrift Banks                    
     LLR to TLP 5.7 5.7 6.0 6.1   6.6 6.2 6.0 5.0  
     Past Due Ratio 12.1 12.1 12.6 12.5   14.8 14.1 14.8 13.0  
     NPL Ratio (inclusive of IBL) 11.5 11.6 12.3 12.0   14.4 13.4 13.6 11.6  
     NPL Ratio (exclusive of IBL) 12.0 12.1 12.6 12.4   14.8 14.2 14.3 12.2  
     NPL Coverage Ratio 49.7 49.6 48.5 51.1   45.6 46.4 43.7 43.1  
     NPA Ratio  15.5 16.3 17.1 17.0   18.8 18.4 18.5 17.0  
     NPA Coverage Ratio 23.4 22.5 22.1 22.1   21.5 21.2 20.4 19.2  
     Distressed Asset Ratio 25.0 26.7 27.0 27.1   28.6 28.6 28.7 26.3  
Rural and Cooperative Banks                    
     LLR to TLP 5.3 5.4 5.4 5.5   5.4 5.3 5.0 4.9  
     Past Due Ratio 18.6 18.4 17.3 17.0   17.5 17.5 17.3 16.9  
     NPL Ratio  17.5 17.1 15.4 15.1   15.1 14.8 14.7 13.9  
     NPL Coverage Ratio 30.3 31.6 35.0 36.2   35.7 35.7 34.2 34.8  
     NPA Ratio  19.1 18.9 18.2 18.3   18.6 17.9 18.0 17.4  
     NPA Coverage Ratio 18.1 18.4 19.4 19.5   18.8 19.0 18.2 18.2  
     Distressed Asset Ratio 29.5 29.6 28.0 28.0   28.5 27.9 27.4 26.6  
                     
1/  Net of loans classified as "Loss" fully covered by Allowance for Probable Losses as redefined per BSP Circular 351 dated September 2002
2/ Inclusive of Items In Litigation    
3/ Refers to Total Assets net of reserves plus Loan Loss Reserves (LLR) plus Provisions for ROPOA    
4/ Refers to Non-Performing Loans (NPLs), ROPOA gross and Restructured Loans, current
Legend:              
TLP refers to Total Loan Portfolio (gross)
NPL refers to Non-Performing Loans
LLR refers to Loan Loss Reserves  
ROPOA refers to Real and other Properties Owned or Acquired
NPA refers to Non-Performing Assets which consists of NPLs and ROPOA, gross 
Note: Details may not add up to totals due to rounding-off    
Source : Supervisory Reports & Studies Office, Supervision and Examination Sector
Updated as of 12 March 2004