18 CONSOLIDATED FINANCIAL STATEMENTS
  Universal and Commercial Banks
  as of end of periods indicated
  in billion pesos
 
Selected Accounts UNIVERSAL AND COMMERCIAL BANKS
 
  March 2001 June 2001 Sept 2001 Dec 2001 March 2002 June 2002 Sept 2002 Dec 2002
CONSOLIDATED STATEMENT OF INCOME AND EXPENSE
 
TOTAL OPERATING INCOME 32.134 63.231 92.938 123.096 33.559 72.378 107.869 142.018
NET INTEREST INCOME 19.570 40.164 58.632 77.985 18.297 40.323 59.849 80.820
   INTEREST INCOME 57.936 113.581 165.070 216.589 45.252 88.377 128.641 168.694
   INTEREST EXPENSE 38.366 73.417 106.438 138.604 26.955 48.054 68.792 87.874
NON-INTEREST INCOME 12.564 23.067 34.306 45.111 15.262 32.055 48.020 61.198
   FEE BASED INCOME 4.018 8.356 12.605 17.235 3.887 8.460 13.285 18.138
   TRADING INCOME 6.145 9.855 14.366 18.374 9.124 18.535 26.851 32.724
   TRUST DEPARTMENT INCOME 0.566 1.211 1.905 2.543 0.683 1.477 2.386 3.286
   OTHER INCOME 1.835 3.645 5.430 6.959 1.568 3.583 5.498 7.050
TOTAL OPERATING EXPENSES 28.281 59.094 89.294 117.150 28.360 60.420 90.624 122.071
   BAD DEBTS WRITTEN OFF 0.045 0.071 0.072 0.002 0.046 0.050 0.059 0.026
   PROVISIONS FOR PROBABLE LOSSES 5.142 11.531 17.789 22.038 4.566 11.558 17.657 23.995
   OTHER OPERATING EXPENSES 23.094 47.492 71.433 95.110 23.748 48.812 72.908 98.050
      Overhead costs 15.517 31.346 46.873 62.516 16.375 33.255 49.294 65.697
      Other expenses 7.577 16.146 24.560 32.594 7.373 15.557 23.614 32.353
NET OPERATING INCOME / (LOSS) 3.853 4.137 3.644 5.946 5.199 11.958 17.245 19.947
EXTRAORDINARY CREDITS / (CHARGES) 2.339 4.322 6.733 8.430 1.409 2.627 4.094 5.320
NET INCOME/(LOSS) BEFORE TAX 6.192 8.459 10.377 14.376 6.608 14.585 21.339 25.267
PROVISIONS FOR INCOME TAX 1.586 1.729 2.473 1.131 1.012 1.487 1.991 0.846
NET INCOME/(LOSS) AFTER TAX 4.606 6.730 7.904 13.245 5.596 13.098 19.348 24.421
 
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