17 CONSOLIDATED FINANCIAL STATEMENTS                  
Universal and Commercial Banks
as of end of periods indicated
in billion pesos
 
                     
Selected Accounts UNIVERSAL AND COMMERCIAL BANKS  
  March 2003 June 2003 Sept 2003 Dec 2003 March 2004 June 2004 Sept 2004 Dec 2004
CONSOLIDATED STATEMENT OF CONDITION
  ASSETS 3,132.986 3,187.911 3,199.509 3,297.170 3,423.025 3,489.383 3,524.766 3,617.605
CASH AND DUE FROM BANKS 259.163 257.615 215.954 243.566 240.670 280.583 257.896 274.535
TOTAL LOAN PORTFOLIO, GROSS 1,655.033 1,715.503 1,738.336 1,766.851 1,802.396 1,797.818 1,808.898 1,796.532
   Interbank Loans Receivable 185.509 263.188 256.311 274.013 326.672 286.238 298.347 254.840
   Loans and Discounts 981.686 946.182 946.494 930.758 928.203 923.800 935.943 980.319
   Agra/Agri Credit Loans 121.235 122.785 117.532 126.372 121.690 129.174 125.900 117.358
   Development Incentive Loans 33.467 33.717 38.650 39.803 40.460 40.195 39.466 39.651
   Bills Purchased 52.367 54.410 54.959 60.123 51.395 50.547 55.432 71.186
   Customers' Liabilities - LC/TR 94.906 94.943 95.388 97.643 96.993 106.515 108.386 109.432
   Customers' Liabilities - Accept O/S 16.343 16.149 17.383 10.189 13.428 13.211 13.057 14.438
   Trading Account Securities - Loans 37.954 46.410 76.117 50.574 46.046 65.014 52.721 36.488
   Underwriting Accounts 1.646 1.745 2.174 2.251 3.349 3.148 3.104 2.258
   Restructured Loans 129.920 135.976 133.329 134.303 134.310 138.546 133.242 123.492
   Credit Card Receivables 0.000 0.000 0.000 40.822 39.850 41.429 43.298 47.069
   Microfinance Loans 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
ACCUM. MARKET GAIN/LOSS - LOANS (0.618) (0.620) (0.617) (0.620) (0.619) (0.622) (0.619) 0.000
ALLOW. FOR PROBABLE LOSSES - LOANS 143.312 148.231 143.271 149.714 149.679 150.068 151.497 149.415
TOTAL LOAN PORTFOLIO, NET 1,511.103 1,566.651 1,594.448 1,616.518 1,652.098 1,647.128 1,656.782 1,647.116
TOTAL INVESTMENTS, GROSS 870.959 863.346 898.766 952.045 1,045.774 1,074.222 1,119.205 1,200.106
  Underwriting Accounts - Equity Securities 0.642 0.642 0.533 0.533 0.532 0.100 0.100 0.250
  Trading Account Securities - Investments 82.990 96.719 65.667 64.448 81.321 83.622 92.638 122.720
  Trading Account Securities - Equity 2.200 0.369 0.228 0.408 0.363 0.362 0.370 0.854
  Avaiable for Sale Securities (ASS) 128.368 120.728 142.418 153.825 157.132 177.124 214.920 284.443
  Investment in Bonds and Other Debt Instruments 562.653 550.806 592.743 636.541 708.116 717.994 710.985 690.130
  Equity Investments - Allied/Non-Allied Undertakings 94.106 94.084 97.177 96.290 98.311 95.020 100.191 101.709
ACCUM. MARKET GAIN/LOSS - INVESTMENTS 0.111 1.507 0.908 (0.440) (1.846) (3.256) (1.294) (2.220)
ALLOW. FOR PROBABLE LOSSES - INVESTMENTS 5.553 5.799 5.901 8.667 8.976 10.071 9.966 9.834
TOTAL INVESTMENTS, NET 865.517 859.055 893.773 942.938 1,034.951 1,060.895 1,107.944 1,188.052
FIXED ASSETS 84.656 84.586 84.014 84.339 83.925 83.773 83.478 83.455
ROPOA, GROSS 185.396 190.869 198.571 202.299 206.117 207.511 208.510 210.834
ALLOWANCE FOR PROBABLE LOSSES - ROPOA 10.364 13.202 13.283 13.990 14.559 14.591 15.492 15.907
ROPOA, NET 175.032 177.667 185.288 188.309 191.557 192.920 193.017 194.926
OTHER ASSETS 237.515 242.338 226.033 221.499 219.823 224.084 225.648 229.520
   LIABILITIES AND CAPITAL 3,132.986 3,187.912 3,199.509 3,297.171 3,423.025 3,489.383 3,524.766 3,617.605
Liabilities 2,720.672 2,766.900 2,773.041 2,873.401 2,998.263 3,049.477 3,075.740 3,167.136
DEPOSIT LIABILITIES 2,124.370 2,151.599 2,159.509 2,209.834 2,279.747 2,315.116 2,332.260 2,472.346
   Domestic 1,432.565 1,453.877 1,442.389 1,474.391 1,489.856 1,514.892 1,511.040 1,619.954
      Demand and Now 266.983 275.818 273.989 284.082 290.886 297.526 293.594 313.273
      Savings 1,070.819 1,063.810 1,043.242 1,062.555 1,058.199 1,029.136 983.020 1,065.141
      Time 94.763 114.249 125.158 127.754 140.771 188.230 234.426 241.539
   Foreign Currency 691.805 697.722 717.120 735.443 789.891 800.223 821.220 852.392
BILLS PAYABLE 318.843 305.676 293.160 350.832 418.949 427.819 396.671 352.177
   Deposit Substitutes 3.658 3.435 5.180 7.890 7.541 3.779 3.910 1.907
   Others 315.185 302.241 287.980 342.942 411.408 424.040 392.760 350.270
SPECIAL FINANCING 0.779 0.761 0.732 0.529 0.429 0.413 0.385 0.180
   Time Certificates of Deposits - SF 0.008 0.005 0.005 0.005 0.004 0.004 0.004 0.004
   Special Time Deposits 0.771 0.756 0.727 0.524 0.424 0.409 0.380 0.176
UNSECURED SUBORDINATED DEBT 0.000 0.000 29.361 35.136 48.485 48.472 48.535 51.387
OTHER LIABILITIES 276.680 308.864 290.279 277.071 250.654 257.656 297.889 291.046
Capital Accounts 412.314 421.012 426.468 423.769 424.761 439.906 449.026 450.469
  CAPITAL STOCK 172.652 175.140 173.180 175.359 175.362 179.703 180.733 181.728
  ASSIGNED CAPITAL 12.786 12.786 12.785 12.786 12.786 15.765 15.765 15.989
  NET DUE TO H.O. BRANCHES/AGENCIES 47.156 47.284 47.256 47.277 47.315 59.233 58.570 56.580
  SURPLUS, SURPLUS RESERVES, UNDIVIDED PROFITS & APPRAISAL INCREMENT RESERVE 179.720 185.802 193.247 188.348 189.299 185.206 193.957 196.171
                       
                 
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