19 CONSOLIDATED FINANCIAL STATEMENTS
Commercial Banks
as of end of periods indicated
in billion pesos
	Selected Accounts			COMMERCIAL BANKS
				March 2003	June 2003	Sept 2003	Dec 2003	March 2004	June 2004	Sept 2004	Dec 2004
	ASSET QUALITY INDICATORS 1/
		GROSS ASSETS 2/		599.833	626.111	636.663	642.214	647.436	671.191	719.524	712.230
		TOTAL LOAN PORTFOLIO, GROSS		326.777	341.169	360.950	347.441	344.300	354.054	370.966	334.691
		LOAN LOSS RESERVES		20.503	20.077	20.449	21.020	21.004	21.171	20.178	20.971
		INTERBANK LOANS RECEIVABLES		49.757	64.652	76.395	69.550	69.812	70.879	86.805	47.204
		RESTRUCTURED LOANS, GROSS		13.818	13.683	13.316	13.116	12.917	12.398	11.026	11.638
		RESTRUCTURED LOANS, CURRENT/PERFORMING		9.626	9.673	9.324	9.007	7.612	7.406	6.652	7.321
		NON-PERFORMING LOANS		32.244	33.366	31.809	31.427	33.010	34.084	33.565	32.592
		ROPOA, GROSS		23.904	25.141	26.155	27.009	27.192	27.710	28.546	28.367
		ALLOWANCE FOR ROPOA		1.183	1.201	1.142	1.306	1.451	1.446	1.426	1.101
		NON-PERFORMING ASSETS (NPA) 3/		56.147	57.639	57.040	57.403	59.013	61.104	60.695	59.560
		ALLOWANCE ON NPA		21.686	21.278	21.591	22.326	22.455	22.617	21.604	22.072
		DISTRESSED ASSETS  4/		65.774	68.181	67.288	67.443	67.813	69.200	68.763	68.279
		ROPOA, GROSS (Net of Performing SCR)		23.903	24.273	25.231	25.976	26.004	27.020	27.130	26.969
		PERFORMING SALES CONTRACT RECEIVABLES (SCR)		0.000	0.868	0.924	1.033	1.188	0.690	1.416	1.398
	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
	Source: Supervisory Data Center, Supervision and Examination Sector