33 SELECTED PERFORMANCE INDICATORS
Rural and Cooperative Banks
as of end of periods indicated
in billion pesos
	Selected Ratios			RURAL AND COOPERATIVE BANKS
				March 2005	June 2005	September 2005	December 2005
	ANNUAL GROWTH RATES
	Balance Sheet
	Total Assets			13.5	13.9	15.1	15.1
	Cash and Due From Banks			2.8	1.8	10.3	10.5
	Interbank Loans Receivable			0.0	0.0	0.0	0.0
	Loans, gross (exclusive of IBL)			15.0	17.6	16.2	14.9
	Allowance for Probable Losses			13.6	18.8	17.8	14.6
	Loans, net (exclusive of IBL)			15.1	17.5	16.1	14.9
	Investments, net			12.7	0.5	0.8	7.8
	ROPOA, net			8.1	4.2	3.5	4.9
	Other Assets			58.4	64.4	70.1	42.2
	Total Liabilities			14.0	14.6	16.2	16.5
	Deposits			12.1	12.4	14.4	14.1
	Bills Payable			12.6	13.7	15.5	15.2
	Special Financing			6.3	1.5	-0.8	-10.3
	Unsecured Subordinated Debt			0.0	0.0	0.0	0.0
	Other Liabilities			39.2	46.2	40.6	50.9
	Total Capital Accounts			11.1	10.1	9.0	7.2
	Income Statement
	Total Operating Income			18.3	17.4	12.0	10.7
	Net Interest Income			17.9	16.2	12.4	11.6
	Non-Interest Income			19.3	20.0	11.0	8.8
	Operating Expenses			18.8	16.5	14.3	12.2
	Bad Debts / Provisions for Probable Losses			65.6	35.6	31.5	41.3
	Other Operating Expenses			17.2	15.8	13.5	10.9
	Net Operating Income			16.3	21.4	0.7	2.6
	Extraordinary Credits/(Charges)			-11.1	4.7	-9.4	5.5
	Net Income After Tax (NIAT)			6.6	11.8	-6.7	-1.5
	SELECTED RATIOS
	LIQUIDITY
	Cash and Due from Banks to Deposits			26.4	25.8	24.1	25.2
	Liquid Assets to Deposits			34.6	33.9	32.5	33.0
	Loans, gross to Deposits			86.9	88.8	90.8	91.0
	ASSET QUALITY
	Non-performing Loans (NPL) Ratio			11.5	11.9	11.6	11.1
	Non-performing Loans (NPL) Ratio (exclusive of IBL)			11.5	11.9	11.6	11.1
	NPL Coverage Ratio 1/			37.4	37.6	38.7	38.5
	Non-performing Assets(NPA) to Gross Assets			14.7	14.6	14.3	14.0
	NPA Coverage Ratio	NPA Coverage Ratio 2/		19.0	20.1	20.8	20.3
	Distressed Asset Ratio	Distressed Asset Ratio 3/		22.5	22.3	21.8	21.3
	CAPITAL ADEQUACY
	Capital Adequacy Ratio (CAR)	Capital Adequacy Ratio (CAR) 4/
	Solo Basis			16.7	16.0	16.0	-
	Consolidated Basis			16.7	16.0	16.0	-
	Total Capital Accounts to Total Assets			15.5	15.2	15.0	14.7
	PROFITABILITY 5/
	Earning Asset Yield 6/			18.2	9.3	13.3	17.7
	Funding Cost 7/			6.2	3.4	5.1	6.5
	Interest Spread /8			12.0	5.9	8.2	11.2
	Net Interest Margin 9/			10.9	5.3	7.6	10.3
	Net Interest Income to Total Operating Incom			70.5	68.0	68.2	69.7
	Cost to Income Ratio 10/			81.6	78.9	80.4	81.8
	Return on Assets			1.7	1.0	1.3	1.5
	Return on Equity			10.8	6.6	8.3	10.0
	1/ Ratio of Loan Loss Reserves to NPL
	2/ Ratio of valuation reserves (for loans and ROPOA) to NPAs
	3/  Ratio of NPL + ROPOA, gross + Restructured Loans, current to TLP, gross + ROPOA, gross. Effective 31 July 2004,
	Restructured Loans, performing was used in lieu of Restructured Loans, current.
	4/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted
	starting 1 July 2001
	5/ Income and Expenses accounts annualized
	6/ Refers to the ratio of Interest Income to Average Earning Assets
	7/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
	8/ Refers to the difference between Earning Asset Yield and Funding Cost
	9/ Refers to the ratio of Net Interest Income to Average Earning Assets
	10/ Refers to the ratio of Operating Expense (composed of Non-interest Operating Expense exclusive Bad Debts and Provisions)
	to Operating Income (composed of Net Interest Income and non-interest operating income)
	Source: Supervisory Data Center, Supervision and Examination Sector