37 SELECTED ASSET QUALITY INDICATORS  
            Rural and Cooperative Banking System      
            as of end of periods indicated      
            in billion pesos      
                     
ACCOUNTS 2001   2002  
Mar June Sept Dec   Mar June Sept Dec  
Total Rural and Cooperative Banks                    
     Total Loan Portfolio, gross 1/ 42.573 43.114 44.313 45.345   46.462 47.627 49.679 50.600  
     Past Due Loans 2/ 7.937 7.953 7.663 7.731   8.109 8.313 8.642 8.605  
     Non-performing Loans  7.442 7.359 6.815 6.865   7.028 7.065 7.300 7.057  
     Loan Loss Reserves 1/ 2.258 2.329 2.388 2.486   2.510 2.525 2.499 2.459  
     ROPOA, gross 5.783 6.070 6.228 6.679   7.160 7.130 7.359 7.493  
     Restructured Loans, current 1.025 1.124 1.104 1.041   1.113 1.064 0.974 0.911  
     Non-performing Assets 13.225 13.429 13.043 13.544   14.188 14.195 14.659 14.550  
     Gross Assets 3/ 69.119 71.190 71.498 73.913   76.362 79.352 81.373 83.556  
     Allowance for ROPOA 0.138 0.148 0.147 0.152   0.155 0.167 0.175 0.187  
     Distressed Assets 4/ 14.250 14.553 14.147 14.585   15.301 15.259 15.633 15.461  
Rural Banks                    
     Total Loan Portfolio, gross 1/ 38.642 39.099 40.771 41.725   42.740 43.838 45.807 46.645  
     Past Due Loans 2/ 6.954 6.958 7.002 7.094   7.444 7.657 7.924 7.861  
     Non-performing Loans  6.477 6.378 6.251 6.274   6.467 6.512 6.681 6.466  
     Loan Loss Reserves  2.053 2.121 2.196 2.281   2.303 2.320 2.293 2.257  
     ROPOA, gross 5.510 5.791 6.052 6.486   6.959 6.926 7.141 7.263  
     Restructured Loans, current 0.925 1.017 1.015 0.939   1.006 0.951 0.863 0.799  
     Non-performing Assets 11.987 12.169 12.303 12.760   13.426 13.438 13.822 13.729  
     Gross Assets 3/ 63.671 65.587 66.747 69.038   71.357 74.143 75.993 78.017  
     Allowance for ROPOA 0.132 0.141 0.143 0.147   0.150 0.161 0.170 0.182  
     Distressed Assets 4/ 12.912 13.186 13.318 13.699   14.432 14.389 14.685 14.528  
Cooperative Banks                    
     Total Loan Portfolio, gross 1/ 3.931 4.015 3.542 3.620   3.722 3.789 3.872 3.955  
     Past Due Loans 2/ 0.983 0.995 0.661 0.637   0.665 0.656 0.718 0.744  
     Non-performing Loans  0.965 0.981 0.564 0.591   0.561 0.553 0.619 0.591  
     Loan Loss Reserves  0.205 0.208 0.192 0.205   0.207 0.205 0.206 0.202  
     ROPOA, gross 0.273 0.279 0.176 0.193   0.201 0.204 0.218 0.230  
     Restructured Loans, current 0.100 0.107 0.089 0.102   0.107 0.113 0.111 0.112  
     Non-performing Assets 1.238 1.260 0.740 0.784   0.762 0.757 0.837 0.821  
     Gross Assets 3/ 5.448 5.603 4.751 4.875   5.005 5.209 5.380 5.539  
     Allowance for ROPOA 0.006 0.007 0.004 0.005   0.005 0.006 0.005 0.005  
     Distressed Assets 4/ 1.338 1.367 0.829 0.886   0.869 0.870 0.948 0.933  
                     
37 SELECTED ASSET QUALITY INDICATORS  
            Rural and Cooperative 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 5.3 5.4 5.4 5.5   5.4 5.3 5.0 4.9  
     Past Due Ratio 18.6 18.4 17.3 17.0   17.5 17.5 17.3 16.9  
     NPL Ratio 17.5 17.1 15.4 15.1   15.1 14.8 14.7 13.9  
     NPL Coverage Ratio 30.3 31.6 35.0 36.2   35.7 35.7 34.2 34.8  
     NPA Ratio  19.1 18.9 18.2 18.3   18.6 17.9 18.0 17.4  
     NPA Coverage Ratio 18.1 18.4 19.4 19.5   18.8 19.0 18.2 18.2  
     Distressed Asset Ratio 29.5 29.6 28.0 28.0   28.5 27.9 27.4 26.6  
                     
Rural Banks                    
     LLR to TLP 5.3 5.4 5.4 5.5   5.4 5.3 5.0 4.8  
     Past Due Ratio 18.0 17.8 17.2 17.0   17.4 17.5 17.3 16.8  
     NPL Ratio 16.8 16.3 15.3 15.0   15.1 14.9 14.6 13.9  
     NPL Coverage Ratio 31.7 33.3 35.1 36.4   35.6 35.6 34.3 34.9  
     NPA Ratio  18.8 18.6 18.4 18.5   18.8 18.1 18.2 17.6  
     NPA Coverage Ratio 18.2 18.6 19.0 19.0   18.3 18.5 17.8 17.8  
     Distressed Asset Ratio 29.2 29.4 28.4 28.4   29.0 28.3 27.7 26.9  
                     
Cooperative Banks                    
     LLR to TLP 5.2 5.2 5.4 5.7   5.6 5.4 5.3 5.1  
     Past Due Ratio 25.0 24.8 18.7 17.6   17.9 17.3 18.5 18.7  
     NPL Ratio 24.5 24.4 15.9 16.3   15.1 14.6 16.0 14.9  
     NPL Coverage Ratio 21.2 21.2 34.0 34.7   36.9 37.1 33.3 34.2  
     NPA Ratio  22.7 22.5 15.6 16.1   15.2 14.5 15.6 14.8  
     NPA Coverage Ratio 17.0 17.1 26.5 26.8   27.8 27.9 25.2 25.2  
     Distressed Asset Ratio 31.8 31.8 22.3 23.2   22.2 21.8 23.2 22.3  
                     
                     
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
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 consist of NPLs and ROPOA , gross
Note: Details may not add up to totals due to rounding-off    
Source: Supervisory Reports and Studies Office, Supervision and Examination Sector  
Updated as of 12 March 2004