19 CONSOLIDATED FINANCIAL STATEMENTS                  
Universal Banks
as of end of periods indicated
in billion pesos
 
Selected Accounts UNIVERSAL BANKS
  March 2003 June 2003 Sept 2003 Dec 2003 March 2004 June 2004 Sept 2004 Dec 2004
                       
   
ASSET QUALITY INDICATORS 1/
GROSS ASSETS 2/ 2,670.289 2,705.612 2,700.978 2,798.960 2,919.965 2,963.693 2,952.470 3,058.407
TOTAL LOAN PORTFOLIO, GROSS 1,311.717 1,356.711 1,358.964 1,399.710 1,438.234 1,424.606 1,418.171 1,449.549
LOAN LOSS RESERVES 106.269 110.532 104.400 108.994 108.813 109.739 111.559 116.152
INTERBANK LOANS RECEIVABLES 135.752 198.536 179.916 204.463 256.860 215.360 211.542 207.636
RESTRUCTURED LOANS, GROSS 116.102 122.293 120.013 121.187 121.393 126.148 122.217 111.854
RESTRUCTURED LOANS, CURRENT/PERFORMING 66.791 73.232 68.280 70.841 69.640 73.705 55.044 57.607
NON-PERFORMING LOANS 221.673 224.968 217.339 214.081 214.768 210.768 215.189 194.437
ROPOA, GROSS 161.493 165.727 172.416 175.290 178.925 179.801 179.964 182.467
ALLOWANCE FOR ROPOA 9.181 12.002 12.141 12.684 13.108 13.145 14.066 14.806
NON-PERFORMING ASSETS (NPA) 3/ 383.166 387.703 385.347 384.867 388.984 385.733 389.719 370.832
ALLOWANCE ON NPA 115.450 122.534 116.541 121.677 121.922 122.884 125.625 130.958
DISTRESSED ASSETS  4/ 449.957 463.529 458.035 460.213 463.333 464.274 450.197 434.510
ROPOA, GROSS (Net of Performing SCR) 161.493 162.735 168.009 170.786 174.215 174.965 174.530 176.395
PERFORMING SALES CONTRACT RECEIVABLES (SCR) 0.000 2.992 4.407 4.504 4.710 4.837 5.433 6.072
 
 
1/ Pursuant to Circular No. 351 and 380
2/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPOA
3/ Refers to NPLs plus ROPOA (effective June 2003, ROPOA net of Performing Sales Receivables)
4/ Refers to the sum of Non Performing Loans, ROPOA (Gross) and Restructured Loans, current.
     Effective 31 July 2004, Restructured Loans, performing was used in lieu of Restructured Loans, current.
Note: Details may not add-up to totals due to rounding-off