37  SELECTED ASSET QUALITY INDICATORS 1/
            Rural and Cooperative Banking System          
            as of end of periods indicated          
            in billion pesos          
                     
ACCOUNTS 2003   2004  
Mar June Sept Dec   Mar June Sept Dec  
Total Rural and Cooperative Banks                    
     Total Loan Portfolio, gross 51.493 52.999 54.838 55.706   56.758 57.456 60.765 63.667  
     Past Due Loans 2/ 8.930 9.197 9.339 9.079   9.431 9.494 9.669 10.054  
     Non-performing Loans 7.177 7.283 7.386 6.736   7.114 7.089 7.050 7.269  
     Loan Loss Reserves 2.484 2.558 2.642 2.451   2.512 2.450 2.612 2.736  
     ROPOA, gross 3/ 7.674 7.643 7.916 7.411   7.646 7.954 8.053 8.286  
     Restructured Loans, current 0.938 0.891 0.918 0.595   0.606 0.594 0.525 0.542  
     Non-performing Assets 14.851 14.926 15.302 14.147   14.760 15.043 15.103 15.555  
     Gross Assets 4/ 85.565 87.596 89.931 92.321   95.854 98.397 100.079 104.328  
     Allowance for ROPOA 0.189 0.188 0.196 0.198   0.213 0.231 0.243 0.264  
     Distressed Assets 5/ 15.789 15.817 16.220 14.742   15.366 15.637 15.628 16.098  
Rural Banks                    
     Total Loan Portfolio, gross 47.496 48.864 50.575 51.552   52.495 53.096 56.155 58.913  
     Past Due Loans 2/ 8.175 8.426 8.570 8.417   8.742 8.801 8.972 9.290  
     Non-performing Loans 6.557 6.639 6.702 6.236   6.570 6.582 6.540 6.730  
     Loan Loss Reserves 2.279 2.348 2.413 2.252   2.308 2.269 2.422 2.512  
     ROPOA, gross 3/ 7.437 7.399 7.661 7.166   7.401 7.705 7.792 8.008  
     Restructured Loans, current 0.820 0.774 0.799 0.485   0.496 0.487 0.415 0.435  
     Non-performing Assets 13.994 14.039 14.363 13.402   13.971 14.287 14.333 14.738  
     Gross Assets 4/ 79.860 81.817 83.999 86.457   89.830 92.174 93.634 97.693  
     Allowance for ROPOA 0.185 0.184 0.191 0.194   0.208 0.226 0.239 0.259  
     Distressed Assets 5/ 14.814 14.813 15.162 13.887   14.467 14.773 14.748 15.173  
Cooperative Banks                    
     Total Loan Portfolio, gross 3.997 4.135 4.263 4.155   4.263 4.360 4.611 4.754  
     Past Due Loans 2/ 0.755 0.771 0.769 0.662   0.689 0.693 0.697 0.765  
     Non-performing Loans 0.620 0.644 0.684 0.500   0.544 0.507 0.510 0.539  
     Loan Loss Reserves 0.205 0.210 0.229 0.199   0.205 0.181 0.190 0.224  
     ROPOA, gross 3/ 0.237 0.244 0.255 0.245   0.245 0.249 0.261 0.278  
     Restructured Loans, current 0.118 0.117 0.119 0.111   0.110 0.108 0.110 0.108  
     Non-performing Assets 0.857 0.887 0.939 0.745   0.789 0.756 0.770 0.817  
     Gross Assets 4/ 5.705 5.779 5.932 5.864   6.023 6.224 6.445 6.636  
     Allowance for ROPOA 0.004 0.004 0.006 0.004   0.004 0.005 0.005 0.005  
     Distressed Assets 5/ 0.975 1.004 1.058 0.855   0.899 0.864 0.881 0.925  
                     
                     
37  SELECTED ASSET QUALITY INDICATORS 1/
            Rural and Cooperative Banking System          
            as of end of periods indicated          
            in percent          
                     
RATIOS 2003   2004  
Mar June Sept Dec   Mar June Sept Dec  
                     
Total                    
     LLR to TLP 4.8 4.8 4.8 4.4   4.4 4.3 4.3 4.3  
     Past Due Ratio 17.3 17.3 17.0 16.2   16.5 16.4 15.8 15.7  
     NPL Ratio 13.9 13.7 13.5 12.1   12.5 12.3 11.6 11.4  
     NPL Coverage Ratio 34.6 35.1 35.8 36.4   35.3 34.6 37.1 37.6  
     NPA Ratio 17.4 17.0 17.0 15.3   15.4 15.3 15.1 14.9  
     NPA Coverage Ratio 18.0 18.4 18.5 18.7   18.5 17.8 18.9 19.3  
     Distressed Asset Ratio 26.7 26.1 25.8 23.4   23.9 23.9 22.7 22.4  
                     
Rural Banks                    
     LLR to TLP 4.8 4.8 4.8 4.4   4.4 4.3 4.3 4.3  
     Past Due Ratio 17.2 17.2 16.9 16.2   16.6 16.4 15.9 15.7  
     NPL Ratio 13.8 13.6 13.3 12.1   12.5 12.4 11.6 11.4  
     NPL Coverage Ratio 34.8 35.4 36.0 36.1   35.1 34.5 37.0 37.3  
     NPA Ratio 17.5 17.2 17.1 15.5   15.6 15.5 15.3 15.1  
     NPA Coverage Ratio 17.6 18.0 18.1 18.2   18.0 17.5 18.6 18.8  
     Distressed Asset Ratio 27.0 26.3 26.0 23.7   24.2 24.3 23.1 22.7  
                     
Cooperative Banks                    
     LLR to TLP 5.1 5.1 5.4 4.8   4.8 4.2 4.1 4.7  
     Past Due Ratio 18.8 18.5 18.0 15.8   16.1 15.7 14.9 15.9  
     NPL Ratio 15.5 15.6 16.1 12.0   12.8 11.6 11.1 11.3  
     NPL Coverage Ratio 33.1 32.7 33.5 39.8   37.6 35.7 37.4 41.5  
     NPA Ratio 15.0 15.4 15.8 12.7   13.1 12.2 12.0 12.3  
     NPA Coverage Ratio 24.4 24.1 25.0 27.3   26.5 24.6 25.3 28.0  
     Distressed Asset Ratio 23.0 22.9 23.4 19.4   19.9 18.8 18.1 18.4  
                     
                     
1/  As defined per BSP Circular No. 202 dated 27 May 1999 amended by BSP Circular No. 351 dated 19 September 2002
2/ Inclusive of Items In Litigation
3/ Refers to Real and Other Properties Owned or Acquired, gross excluding performing sales contract receivables          
    as defined per BSP Circular No. 380  dated 28 March 2003
4/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPOA
5/ Refers to NPLs plus ROPOA, gross (inclusive of performaing Sales Contract Receivables) and Restructured Loans, current.
Note: Details may not add up to totals due to rounding-off          
Source: Supervisory Data Center, Supervision and Examination Sector          
Updated as of 29 December 2005