27 CONSOLIDATED FINANCIAL STATEMENTS  
Thrift Banking System
as of end of periods indicated
in billion pesos
 
Selected Accounts THRIFT BANKS
  March 2005 June 2005 September 2005 December 2005
CONSOLIDATED STATEMENT OF INCOME AND EXPENSE
TOTAL OPERATING INCOME 4.333 8.930 13.131 18.093
NET INTEREST INCOME 3.370 6.884 10.215 14.037
   INTEREST INCOME 6.971 13.725 19.913 27.852
   INTEREST EXPENSE 3.601 6.842 9.698 13.816
NON-INTEREST INCOME 0.963 2.046 2.915 4.056
   FEE BASED INCOME 0.696 1.402 1.988 2.701
   TRADING INCOME 0.087 0.251 0.343 0.579
   TRUST DEPARTMENT INCOME 0.037 0.045 0.050 0.029
   OTHER INCOME 0.144 0.348 0.535 0.748
TOTAL OPERATING EXPENSES 4.646 9.149 13.295 19.404
   BAD DEBTS WRITTEN OFF 0.000 0.000 0.008 0.006
   PROVISIONS FOR PROBABLE LOSSES 0.454 1.003 1.466 2.742
   OTHER OPERATING EXPENSES 4.192 8.145 11.821 16.656
      Overhead costs 2.638 5.092 7.385 10.307
      Other expenses 1.554 3.054 4.436 6.349
NET OPERATING INCOME / (LOSS) (0.313) (0.219) (0.165) (1.311)
EXTRAORDINARY CREDITS / (CHARGES) 0.318 0.627 0.905 1.412
NET INCOME/(LOSS) BEFORE TAX 0.005 0.408 0.741 0.101
PROVISIONS FOR INCOME TAX 0.078 (0.121) 0.216 0.009
NET INCOME/(LOSS) AFTER TAX (0.073) 0.529 0.524 0.092
 
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