19  SELECTED ASSET QUALITY INDICATORS  
              Universal and Commercial Banking System    
              as of end of periods indicated  
              in billion pesos    
                     
ACCOUNTS 2001   2002  
Mar June Sept Dec   Mar June Sept Dec  
Total 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  
Universal Banks                    
     Interbank Loans Receivable  80.765 67.807 91.394 123.065   126.087 153.880 148.345 142.572  
     Total Loan Portfolio, gross (inclusive of IBL) 1/ 1,178.339 1,178.118 1,199.194 1,249.791   1,253.585 1,229.483 1,255.337 1,290.375  
     Past Due Loans 2/ 228.376 232.452 246.977 241.084   257.733 238.601 232.868 223.319  
     Non-performing Loans  215.969 221.455 238.376 234.659   248.481 235.101 224.445 214.549  
     Loan Loss Reserves  1/ 90.074 96.062 100.795 104.639   106.647 112.249 106.342 105.376  
     ROPOA, gross 121.163 127.038 130.395 139.577   145.036 148.881 153.325 159.518  
     Restructured Loans, current 51.786 53.863 53.115 60.963   60.587 59.442 62.740 70.338  
     Non-performing Assets  337.132 348.493 368.771 374.236   393.517 383.982 377.770 374.067  
     Gross Assets  3/ 2,366.628 2,403.515 2,433.650 2,433.743   2,458.785 2,504.583 2,528.437 2,670.350  
     Allowance for ROPOA 3.498 6.203 6.361 6.448   6.540 7.678 7.986 8.954  
     Distressed Assets 4/ 388.918 402.356 421.886 435.199   454.104 443.424 440.510 444.405  
Commercial Banks                    
     Interbank Loans Receivable  63.202 81.308 78.363 78.175   64.730 59.232 57.958 66.481  
     Total Loan Portfolio, gross (inclusive of IBL) 1/ 374.746 397.115 373.406 375.261   379.095 370.643 367.965 349.004  
     Past Due Loans 2/ 43.570 45.270 45.636 48.255   53.130 56.954 45.710 36.366  
     Non-performing Loans  41.772 45.661 43.450 47.249   45.348 53.869 42.393 30.553  
     Loan Loss Reserves  1/ 19.848 24.148 21.783 22.773   24.252 24.501 21.957 20.082  
     ROPOA, gross 14.458 17.753 18.291 18.997   19.180 18.905 24.025 23.510  
     Restructured Loans, current 6.738 8.035 7.975 8.313   8.563 7.857 12.290 10.272  
     Non-performing Assets  56.230 63.414 61.741 66.246   64.528 72.774 66.418 54.063  
     Gross Assets  3/ 653.912 675.777 633.699 643.889   643.711 643.032 654.126 606.657  
     Allowance for ROPOA 0.747 1.050 0.787 0.999   1.067 0.841 1.097 1.183  
     Distressed Assets 4/ 62.968 71.449 69.716 74.559   73.091 80.631 78.708 64.335  
                     
19  SELECTED ASSET QUALITY INDICATORS  
              Universal and Commercial Banking System    
              as of end of periods indicated  
              in percent    
                     
RATIOS  2001   2002  
 
Mar June Sept Dec   Mar June Sept Dec  
   
Total                    
     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  
                     
Universal Banks                    
     LLR to TLP 7.6 8.2 8.4 8.4   8.5 9.1 8.5 8.2  
     Past Due Ratio 19.4 19.7 20.6 19.3   20.6 19.4 18.4 17.1  
     NPL Ratio (inclusive of IBL) 18.3 18.8 19.9 18.8   19.8 19.1 17.9 16.6  
     NPL Ratio (exclusive of IBL) 19.7 19.9 21.5 20.8   22.0 21.9 20.3 18.7  
     NPL Coverage Ratio 41.7 43.4 42.3 44.6   42.9 47.7 47.4 49.1  
     NPA Ratio  14.2 14.5 15.2 15.4   16.0 15.3 14.9 14.0  
     NPA Coverage Ratio 27.8 29.3 29.1 29.7   28.8 31.2 30.3 30.6  
     Distressed Asset Ratio 29.9 30.8 31.7 31.3   32.5 32.2 31.3 30.7  
                     
Commercial Banks                    
     LLR to TLP 5.3 6.1 5.8 6.1   6.4 6.6 6.0 5.8  
     Past Due Ratio 11.6 11.4 12.2 12.9   14.0 15.4 12.3 10.4  
     NPL Ratio (inclusive of IBL) 11.1 11.5 11.6 12.6   12.0 14.5 11.5 8.8  
     NPL Ratio (exclusive of IBL) 13.4 14.5 14.7 15.9   14.4 17.3 13.7 10.8  
     NPL Coverage Ratio 47.5 52.9 50.1 48.2   53.5 45.5 51.8 65.7  
     NPA Ratio  8.6 9.4 9.7 10.3   10.0 11.3 10.2 8.9  
     NPA Coverage Ratio 36.6 39.7 36.6 35.9   39.2 34.8 34.7 39.3  
     Distressed Asset Ratio 16.2 17.2 17.8 18.9   18.4 20.7 20.1 17.3  
                     
                     
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