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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 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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31.1 |
19.0 |
10.3 |
(0.2) |
(2.4) |
(5.1) |
3.3 |
(5.6) |
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Cash and Due From Banks |
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33.2 |
9.8 |
1.2 |
(2.3) |
(23.2) |
(24.4) |
(12.4) |
(21.8) |
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Interbank Loans Receivable |
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95.5 |
158.4 |
90.7 |
11.1 |
2.4 |
(27.2) |
(26.0) |
(15.0) |
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Loans, gross (exclusive of IBL) |
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25.0 |
8.8 |
(1.3) |
(4.3) |
0.9 |
(1.4) |
5.8 |
(4.2) |
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Allowance for Probable Losses |
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56.1 |
44.1 |
28.1 |
20.3 |
22.2 |
1.5 |
11.3 |
(2.8) |
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Loans, net (exclusive of IBL) |
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23.4 |
6.6 |
(3.1) |
(5.9) |
(0.5) |
(1.6) |
5.4 |
(4.3) |
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Investments, net |
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18.9 |
18.5 |
23.0 |
2.5 |
1.3 |
7.7 |
19.7 |
5.1 |
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ROPOA, net |
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58.8 |
53.1 |
49.2 |
39.8 |
32.1 |
8.2 |
31.0 |
24.1 |
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Other Assets |
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46.3 |
7.3 |
(0.3) |
3.4 |
1.6 |
10.7 |
13.8 |
(10.0) |
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Total Liabilities |
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33.9 |
19.4 |
10.7 |
(1.6) |
(1.9) |
(5.1) |
2.4 |
(6.1) |
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Deposits |
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37.7 |
28.3 |
12.8 |
2.0 |
(0.5) |
(6.5) |
2.4 |
(8.1) |
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Bills Payable |
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21.2 |
(25.8) |
(12.9) |
(10.0) |
6.5 |
40.8 |
49.8 |
18.5 |
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Special Financing |
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(4.3) |
(35.7) |
259.5 |
777.3 |
24.0 |
(50.0) |
(99.6) |
(98.4) |
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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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25.2 |
14.0 |
14.3 |
(13.0) |
(12.5) |
(17.7) |
(16.6) |
(7.6) |
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Total Capital Accounts |
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18.0 |
17.0 |
8.0 |
8.7 |
(4.7) |
(4.9) |
8.3 |
(2.8) |
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Income Statement |
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Total Operating Income |
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31.5 |
23.8 |
18.8 |
3.9 |
(16.5) |
3.3 |
6.3 |
8.9 |
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Net Interest Income |
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15.0 |
15.5 |
12.3 |
2.6 |
(25.9) |
(7.9) |
(2.7) |
0.8 |
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Non-Interest Income |
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63.1 |
40.5 |
31.5 |
6.4 |
(3.8) |
21.4 |
21.4 |
23.7 |
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Operating Expenses |
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22.2 |
19.4 |
10.7 |
(4.0) |
(18.3) |
(8.9) |
(9.9) |
(0.4) |
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Bad Debts / Provisions for Probable Losses |
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122.8 |
128.6 |
34.3 |
18.9 |
(25.8) |
(4.1) |
(11.9) |
13.4 |
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Other Operating Expenses |
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13.4 |
9.3 |
7.2 |
(7.5) |
(17.0) |
(9.8) |
(9.6) |
(3.2) |
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Net
Operating Income |
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62.2 |
44.5 |
70.8 |
56.5 |
(12.1) |
50.0 |
74.0 |
47.3 |
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Extraordinary Credits/(Charges) |
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145.1 |
20.6 |
98.0 |
15.7 |
(147.5) |
(175.3) |
(76.2) |
(131.0) |
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Net
Income After Tax (NIAT) |
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94.2 |
78.4 |
125.4 |
59.5 |
(24.3) |
22.7 |
61.3 |
41.6 |
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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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23.4 |
21.9 |
19.8 |
18.8 |
18.1 |
17.7 |
17.0 |
16.0 |
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Liquid Assets to Deposits |
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52.5 |
50.0 |
49.5 |
48.6 |
47.5 |
49.9 |
51.3 |
49.7 |
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Loans, gross to Deposits |
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94.3 |
95.8 |
96.0 |
92.1 |
95.8 |
95.6 |
93.0 |
93.8 |
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ASSET
QUALITY |
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Non-performing Loans (NPL) Ratio |
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11.1 |
11.5 |
11.6 |
12.6 |
12.0 |
14.5 |
11.5 |
8.8 |
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Non-performing Loans (NPL) Ratio
(exclusive of IBL) |
13.4 |
14.5 |
14.7 |
15.9 |
14.4 |
17.3 |
13.7 |
10.8 |
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NPL
Coverage Ratio 1/
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47.5 |
52.9 |
50.1 |
48.2 |
53.5 |
45.5 |
51.8 |
65.7 |
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Non-performing Assets(NPA) to Gross
Assets |
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8.6 |
9.4 |
9.7 |
10.3 |
10.0 |
11.3 |
10.2 |
8.9 |
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NPA Coverage Ratio |
NPA Coverage Ratio 2/ |
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36.6 |
39.7 |
36.6 |
35.9 |
39.2 |
34.8 |
34.7 |
39.3 |
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Distressed
Asset Ratio |
Distressed Asset Ratio 3/ |
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16.2 |
17.2 |
17.8 |
18.9 |
18.4 |
20.7 |
20.1 |
17.3 |
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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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15.6 |
15.2 |
14.8 |
14.7 |
15.2 |
15.2 |
15.5 |
15.2 |
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PROFITABILITY 5/ |
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Earning Asset Yield 6/ |
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12.4 |
11.9 |
12.1 |
10.1 |
9.3 |
8.5 |
8.0 |
7.6 |
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Funding Cost 7/ |
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9.0 |
8.7 |
8.9 |
7.2
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6.5 |
5.5 |
4.9 |
4.3
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Interest Spread /8 |
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3.3 |
3.2 |
3.2 |
2.9
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2.9 |
2.9 |
3.1 |
3.4 |
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Net
Interest Margin 9/ |
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4.3 |
4.2 |
4.3 |
3.7
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3.5 |
3.5 |
3.7 |
3.9
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Net
Interest Income to Total Operating Incom |
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62.9 |
63.0 |
62.6 |
64.4 |
63.1 |
60.6 |
59.9 |
59.5 |
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Cost
to Income Ratio 10/ |
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72.2 |
70.7 |
69.8 |
67.0 |
67.2 |
62.2 |
58.7 |
59.5 |
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Return on Assets |
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0.7 |
0.7 |
0.9 |
0.8 |
0.7 |
0.9 |
1.2 |
1.1
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Return on Equity |
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4.4 |
4.8 |
6.1 |
5.5
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4.4 |
5.7 |
7.8 |
7.5
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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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