33  SELECTED PERFORMANCE INDICATORS
            Rural and Cooperative Banking System  
            for the periods indicated  
            in percent  
                     
  2001   2002  
  Mar June Sept Dec   Mar June Sept Dec  
Annual Growth Rates                     
                     
   Balance Sheet                    
       Total assets 8.6 9.0 8.3 9.2   10.5 11.6 14.1 13.5  
       Cash and Due From Banks 11.0 15.9 10.6 10.3   10.1 12.6 18.8 17.4  
       Loans (gross) 1.6 4.6 0.3 7.3   9.1 10.5 12.4 12.0  
          Allowance for probable losses 16.5 18.8 17.3 15.0   11.2 8.4 10.1 6.0  
       Loans (net) 2.4 2.4 4.8 6.8   9.0 10.6 12.5 12.3  
       Investments (net) 52.6 48.6 40.2 29.7   16.0 19.5 15.0 20.3  
       Other Assets 22.5 19.0 11.4 12.1   14.5 11.6 14.8 11.7  
       Deposits 12.0 13.1 13.1 13.7   13.5 14.5 16.5 16.4  
       Bills Payable 8.2 7.4 (7.6) (8.1)   (3.1) (0.6) 7.7 5.6  
       Special Financing (6.4) (16.2) (28.9) (19.0)   (16.6) (9.2) (9.6) 3.5  
       Other Liabilities (20.6) (15.8) (2.3) 4.8   4.5 5.4 0.3 0.7  
       Total capital accounts 11.6 7.6 7.1 8.5   10.9 10.5 14.3 12.2  
                     
   Income Statement                    
       Total Operating Income 5.1 2.4 4.7 9.9   6.9 11.8 12.7 11.8  
           Net Interest Income 10.3 6.3 7.3 11.5   8.3 13.3 13.0 14.0  
           Non-Interest Income (3.0) (3.6) 0.4 7.3   4.4 9.3 12.2 7.9  
       Operating Expenses 6.3 6.1 5.9 8.2 8.9 10.9 12.6 13.4  
          Bad debt Expenses/Provisions for Probable Losses 12.0 6.7 1.7 (5.9)   10.3 36.7 77.9 51.0  
          Other Operating Expenses 6.2 6.1 6.0 8.6   8.9 10.4 10.8 12.4  
       Net Operating Income (0.8) (15.6) (1.4) 23.3   (3.5) 17.4 13.4 1.1  
       Extraordinary Credits 0.0 0.0 79.0 (3.1)   70.4 28.4 19.9 20.0  
       Net Income After tax (NIAT) 23.0 12.9 12.9 16.3   7.9 21.1 15.5 5.3  
                     
Selected Ratios                    
                        
   Liquidity                    
       Cash and due from banks to deposits 27.9 28.4 25.8 27.3   27.0 27.9 26.3 27.5  
       Liquid Assets to Deposits 34.4 35.3 33.2 34.1   33.9 35.3 33.8 34.6  
       Loans (gross)  to deposits 98.0 94.7 96.9 96.3   94.2 91.3 93.5 92.7  
                     
   Asset Quality                    
       Non-performing loans (NPL) ratio  17.5 17.1 15.4 15.1   15.1 14.8 14.7 13.9  
       NPL coverage ratio 1/ 30.3 31.6 35.0 36.2   35.7 35.7 34.3 34.8  
       Non-performing assets(NPA) to Gross Assets  19.1 18.9 18.2 18.3   18.6 17.9 18.0 17.4  
       NPA coverage ratio 2/  18.1 18.4 19.4 19.5   18.8 19.0 18.3 18.2  
       Distressed Asset Ratio 3/ 29.5 29.6 28.0 28.0   28.5 27.9 27.4 26.6  
                     
  Capital Adequacy                    
       Networth-To-Risk Assets Ratio 4/ 16.8 16.5 17.2 17.2   17.3 16.6 17.6 17.7  
       Capital Adequacy Ratio (CAR) 5/                    
           Solo Basis           -             -             -   15.7             -             -             -   16.5  
           Consolidated Basis           -             -             -   15.7             -             -             -   16.5  
       Total Capital Accounts to Total Assets 16.5 16.1 16.6 16.5   16.6 16.0 16.7 16.3  
                     
  Profitability 6/                    
       Cost to Income Ratio 86.3 87.5 86.7 85.1   85.4 84.5 83.8 85.6  
       Return on assets (ROA)  1.5 1.5 1.5 1.6   1.5 1.6 1.6 1.5  
       Return on equity (ROE)  9.2 9.1 9.1 9.4   9.3 10.0 9.7 8.9  
                     
1/ Ratio of Loan Loss Reserves to NPL
2/ Ratio of valuation reserves (for loans and ROPOA) to NPAs
3/ Ratio of NPL + ROPOA, gross + Restructured Loans, current to TLP, gross + ROPOA, gross
4/ Based on the old framework provided for under Section 22 of the old General Banking Act
5/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted starting 1 July 2001  
6/ Annualized
Source: Supervisory Reports and Studies Office, Supervision and Examination Sector
Updated as of 12 March 2004