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| 15 SELECTED PERFORMANCE INDICATORS |
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| Universal 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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UNIVERSAL
BANKS |
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March 2001 |
June 2001 |
Sept 2001 |
Dec 2001 |
March 2002 |
June 2002 |
Sept 2002 |
Dec 2002 |
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ANNUAL GROWTH RATES |
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Balance Sheet |
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Total Assets |
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6.4 |
7.7 |
5.8 |
0.4 |
3.2 |
3.6 |
3.8 |
10.0 |
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Cash and Due From Banks |
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12.9 |
3.0 |
(2.8) |
(22.2) |
(2.0) |
(10.1) |
(1.8) |
24.8 |
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Interbank Loans Receivable |
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(47.9) |
(34.8) |
(24.0) |
16.1 |
56.1 |
126.9 |
62.3 |
15.9 |
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Loans, gross (exclusive of IBL) |
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0.5 |
2.8 |
(0.0) |
(1.3) |
2.7 |
(3.1) |
0.7 |
3.1 |
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Allowance for Probable Losses |
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10.3 |
13.8 |
15.2 |
18.5 |
18.4 |
16.9 |
14.4 |
13.8 |
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Loans, net (exclusive of IBL) |
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(0.4) |
1.9 |
(1.3) |
(3.0) |
1.3 |
(5.0) |
(0.6) |
2.0 |
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Investments, net |
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33.7 |
26.4 |
32.9 |
18.9 |
4.2 |
12.5 |
5.6 |
18.5 |
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ROPOA, net |
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25.5 |
22.6 |
19.1 |
15.4 |
17.7 |
16.9 |
17.2 |
13.1 |
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Other Assets |
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8.3 |
12.9 |
1.2 |
(12.7) |
(9.8) |
(7.3) |
(5.2) |
7.1 |
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Total Liabilities |
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7.0 |
8.8 |
6.4 |
0.5 |
3.4 |
3.5 |
3.2 |
10.4 |
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Deposits |
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5.2 |
9.4 |
7.9 |
5.4 |
6.5 |
4.2 |
5.6 |
10.5 |
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Bills Payable |
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18.3 |
10.4 |
6.2 |
(18.6) |
(17.2) |
(5.8) |
(17.1) |
3.3 |
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Special Financing |
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(26.8) |
(22.9) |
(17.0) |
(17.7) |
(21.4) |
(23.8) |
(28.7) |
(28.6) |
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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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5.9 |
0.4 |
(5.3) |
(5.1) |
12.3 |
14.3 |
19.2 |
21.4 |
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Total Capital Accounts |
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2.4 |
0.9 |
1.4 |
(0.3) |
2.1 |
4.6 |
7.4 |
7.6 |
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Income Statement |
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Total Operating Income |
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11.3 |
11.0 |
11.6 |
8.2 |
11.8 |
18.3 |
19.3 |
17.3 |
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Net Interest Income |
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3.0 |
3.6 |
0.4 |
0.1 |
(0.2) |
3.1 |
3.7 |
4.5 |
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Non-Interest Income |
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28.4 |
27.1 |
38.2 |
25.2 |
31.4 |
45.3 |
46.3 |
39.2 |
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Operating Expenses |
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5.1 |
11.8 |
14.3 |
11.7 |
5.2 |
5.3 |
4.5 |
5.3 |
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Bad Debts / Provisions for Probable Losses |
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20.4 |
36.1 |
42.7 |
26.9 |
(8.1) |
0.9 |
1.4 |
8.0 |
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Other Operating Expenses |
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2.0 |
6.9 |
8.5 |
8.5 |
8.4 |
6.4 |
5.4 |
4.7 |
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Net Operating Income |
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1,053.2 |
(22.7) |
(230.7) |
(90.5) |
112.6 |
755.0 |
(1,156.8) |
3,986.6 |
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Extraordinary Credits/(Charges) |
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49.8 |
29.6 |
18.0 |
27.6 |
(28.4) |
(30.4) |
(36.9) |
(31.3) |
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Net Income After Tax (NIAT) |
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144.0 |
17.5 |
(29.1) |
(1.3) |
61.4 |
158.7 |
236.1 |
108.6 |
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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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14.6 |
15.0 |
13.3 |
11.9 |
13.5 |
13.0 |
12.4 |
13.5 |
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Liquid Assets to Deposits |
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47.6 |
47.1 |
47.8 |
44.9 |
45.6 |
48.0 |
46.7 |
49.2 |
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Loans, gross to Deposits |
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78.0 |
75.3 |
76.7 |
78.9 |
77.9 |
75.4 |
76.6 |
74.5 |
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ASSET
QUALITY |
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Non-performing Loans (NPL) Ratio |
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18.3 |
18.8 |
19.9 |
18.8 |
19.8 |
19.1 |
17.9 |
16.6 |
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Non-performing Loans (NPL) Ratio
(exclusive of IBL) |
19.7 |
19.9 |
21.5 |
20.8 |
22.0 |
21.9 |
20.3 |
18.7 |
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NPL
Coverage Ratio 1/
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41.7 |
43.4 |
42.3 |
44.6 |
42.9 |
47.7 |
47.4 |
49.1 |
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Non-performing Assets(NPA) to Gross
Assets |
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14.2 |
14.5 |
15.2 |
15.4 |
16.0 |
15.3 |
14.9 |
14.0 |
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NPA Coverage Ratio |
NPA Coverage Ratio 2/ |
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27.8 |
29.3 |
29.1 |
29.7 |
28.8 |
31.2 |
30.3 |
30.6 |
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Distressed Asset Ratio |
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29.9 |
30.8 |
31.7 |
31.3 |
32.5 |
32.2 |
31.3 |
30.7 |
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CAPITAL ADEQUACY |
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Capital Adequacy Ratio (CAR) |
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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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13.1 |
12.7 |
12.7 |
12.8 |
13.0 |
12.8 |
13.1 |
12.5 |
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PROFITABILITY 5/ |
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Earning Asset Yield 6/ |
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10.0 |
10.4 |
10.1 |
9.6 |
9.2 |
8.6 |
7.9 |
7.1 |
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Funding Cost 7/ |
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5.9 |
6.1 |
6.1 |
5.8 |
5.4 |
4.7 |
4.2 |
3.6 |
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Interest Spread /8 |
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4.1 |
4.3 |
4.0 |
3.9 |
3.8 |
3.9 |
3.6 |
3.5 |
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Net
Interest Margin 9/ |
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3.6 |
3.7 |
3.5 |
3.4 |
3.4 |
3.5 |
3.4 |
3.4 |
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Net
Interest Income to Total Operating Incom |
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66.7 |
65.8 |
63.0 |
63.0 |
61.2 |
58.7 |
56.7 |
56.2 |
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Cost to Income Ratio 10/ |
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78.4 |
78.7 |
78.6 |
80.4 |
79.7 |
76.0 |
73.2 |
71.8 |
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Return on Assets |
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0.5 |
0.4 |
0.3 |
0.4 |
0.4 |
0.6 |
0.7 |
0.7 |
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Return on Equity |
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3.4 |
3.1 |
2.4 |
2.8 |
3.3 |
4.7 |
5.7 |
5.7 |
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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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