17 CONSOLIDATED FINANCIAL STATEMENTS
Universal Banks
as of end of periods indicated
in billion pesos
	Selected Accounts			UNIVERSAL BANKS
				March 2001	June 2001	Sept 2001	Dec 2001	March 2002	June 2002	Sept 2002	Dec 2002
	CONSOLIDATED STATEMENT OF CONDITION
	ASSETS			2,273.056	2,301.250	2,326.494	2,322.656	2,345.599	2,384.655	2,414.109	2,556.020
		CASH AND DUE FROM BANKS		220.845	235.130	208.589	189.034	216.536	211.344	204.915	235.887
		TOTAL LOAN PORTFOLIO, GROSS		1,178.339	1,178.118	1,199.194	1,249.791	1,253.585	1,229.483	1,264.351	1,304.087
		Interbank Loans Receivable		80.765	67.807	91.394	123.065	126.087	153.880	148.345	142.572
		Loans and Discounts		813.907	816.383	818.621	831.225	788.912	735.260	706.429	763.398
		Agra/Agri Credit Loans		32.935	30.854	33.052	36.341	33.341	58.685	94.904	104.270
		Development Incentive Loans		24.406	24.855	23.296	24.248	24.285	26.397	27.540	26.794
		Bills Purchased		30.194	30.453	30.456	33.652	34.639	34.640	39.343	39.724
		Customers' Liabilities - LC/TR		74.744	77.351	76.863	73.186	70.687	73.774	77.105	81.741
		Customers' Liabilities - Accept O/S		7.146	7.259	7.969	9.785	15.635	16.119	17.534	15.766
		Trading Account Securities - Loans		24.705	28.906	19.596	17.474	56.267	26.908	43.683	13.955
		Underwriting Accounts		0.659	0.659	0.659	0.659	0.644	0.644	1.644	1.644
		Restructured Loans		88.878	93.591	97.288	100.156	103.088	103.175	107.824	114.224
		Credit Card Receivables		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Microfinance Loans		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		ACCUM. MARKET GAIN/LOSS - LOANS		(0.541)	(0.573)	(0.613)	(0.617)	(0.618)	(0.622)	(0.624)	(0.626)
		ALLOW. FOR PROBABLE LOSSES - LOANS		90.074	96.062	100.795	104.639	106.647	112.249	115.355	119.088
		TOTAL LOAN PORTFOLIO, NET		1,087.723	1,081.483	1,097.787	1,144.535	1,146.320	1,116.611	1,148.372	1,184.373
		TOTAL INVESTMENTS, GROSS		575.092	580.566	619.122	604.862	599.971	654.390	652.500	716.157
		Underwriting Accounts - Equity Securities		0.239	0.672	0.672	0.642	0.642	0.642	0.642	0.642
		Trading Account Securities - Investments		37.856	37.708	38.006	49.160	37.510	41.667	29.528	55.705
		Trading Account Securities - Equity		4.679	4.626	3.463	2.538	2.309	2.292	2.299	2.329
		Avaiable for Sale Securities (ASS)		55.289	61.118	47.398	48.323	62.745	80.497	71.392	83.868
		Investment in Bonds and Other Debt Instruments		400.656	398.577	451.393	423.795	414.421	448.121	463.540	484.315
		Equity Investments - Allied/Non-Allied Undertakings		76.375	77.864	78.190	80.403	82.344	81.169	85.099	89.297
		ACCUM. MARKET GAIN/LOSS - INVESTMENTS		0.176	(0.146)	(0.959)	(0.388)	1.224	1.332	1.923	1.003
		ALLOW. FOR PROBABLE LOSSES - INVESTMENTS		2.506	2.642	3.197	3.800	4.193	5.510	5.309	5.387
		TOTAL INVESTMENTS, NET		572.762	577.778	614.966	600.674	597.002	650.211	649.113	711.773
		FIXED ASSETS		75.340	74.986	75.211	75.395	74.905	75.457	75.096	75.112
		ROPOA, GROSS		121.163	127.038	130.395	139.577	145.036	148.881	153.325	159.519
		ALLOWANCE FOR PROBABLE LOSSES - ROPOA		3.498	6.203	6.361	6.448	6.540	7.678	7.985	8.954
		ROPOA, NET		117.665	120.836	124.034	133.129	138.497	141.203	145.339	150.565
		OTHER ASSETS		198.721	211.038	205.907	179.890	172.340	189.828	191.274	198.309
	LIABILITIES AND CAPITAL			2,273.056	2,301.250	2,326.494	2,322.656	2,345.599	2,384.655	2,414.109	2,556.020
	Liabilities			1,975.197	2,009.083	2,031.946	2,025.127	2,041.469	2,079.194	2,097.757	2,235.974
		DEPOSIT LIABILITIES		1,511.227	1,565.141	1,564.438	1,584.707	1,609.828	1,630.381	1,651.365	1,751.467
		Domestic		1,022.923	1,052.758	1,067.711	1,090.142	1,135.722	1,144.533	1,170.114	1,224.957
		Demand and Now		160.382	169.256	169.663	173.250	190.881	208.485	215.553	223.173
		Savings		817.240	838.190	851.189	869.301	895.315	884.295	901.958	944.314
		Time		45.301	45.312	46.859	47.591	49.526	51.753	52.603	57.470
		Foreign Currency		488.304	512.383	496.727	494.565	474.106	485.848	481.251	526.510
		BILLS PAYABLE		300.990	289.584	302.961	272.314	249.191	272.888	251.029	281.173
		Deposit Substitutes		3.669	3.600	4.151	4.000	3.578	3.487	3.407	3.393
		Others		297.321	285.984	298.810	268.314	245.613	269.401	247.622	277.780
		SPECIAL FINANCING		1.549	1.514	1.557	1.537	1.218	1.153	1.110	1.098
		Time Certificates of Deposits - SF		0.159	0.139	0.126	0.109	0.096	0.046	0.032	0.020
		Special Time Deposits		1.390	1.375	1.431	1.428	1.122	1.107	1.078	1.078
		UNSECURED SUBORDINATED DEBT		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		OTHER LIABILITIES		161.431	152.844	162.990	166.569	181.232	174.772	194.253	202.236
	Capital Accounts			297.859	292.167	294.548	297.529	304.130	305.461	316.352	320.046
		CAPITAL STOCK		123.406	123.642	126.363	128.000	130.491	134.446	135.200	135.204
		ASSIGNED CAPITAL		2.588	2.587	3.827	3.827	3.828	3.828	3.828	3.828
		NET DUE TO H.O. BRANCHES/AGENCIES		7.763	7.763	11.483	11.482	11.482	11.483	11.483	11.483
		SURPLUS, SURPLUS RESERVES, UNDIVIDED PROFITS & APPRAISAL INCREMENT RESERVE		164.102	158.175	152.875	154.220	158.329	155.704	165.841	169.531
Note: Presented data are based on financial statements periodically submitted by banks in accordance with existing regulations.
	Said submissions are processed and aggregated to derive industry results.  For unsubmitted and/or defective bank reports
	for the period, the most recent processed report available is used as proxy in the generation of said industry aggregates.
	Details may not add up to totals due to rounding.
Source: Bangko Sentral ng Pilipinas