36 CONSOLIDATED FINANCIAL STATEMENTS  
Rural Banks
as of end of periods indicated
in billion pesos
 
Selected Accounts RURAL BANKS
  March 2005 June 2005 September 2005 December 2005
CONSOLIDATED STATEMENT OF INCOME AND EXPENSE
TOTAL OPERATING INCOME                     2.488                     5.049                     7.455                   10.232
NET INTEREST INCOME                     1.725                     3.501                     5.185                     7.273
   INTEREST INCOME                     2.942                     6.029                     9.044                   12.408
   INTEREST EXPENSE                     1.217                     2.528                     3.859                     5.135
NON-INTEREST INCOME                     0.763                     1.548                     2.270                     2.959
   FEE BASED INCOME                     0.548                     1.152                     1.680                     2.207
   TRADING INCOME                     0.005                     0.010                     0.010                     0.018
   TRUST DEPARTMENT INCOME 0.000 0.000 0.000 0.000
   OTHER INCOME                     0.210                     0.386                     0.580                     0.733
TOTAL OPERATING EXPENSES                     2.054                     4.171                     6.348                     8.863
   BAD DEBTS WRITTEN OFF                     0.005                     0.005                     0.014                     0.059
   PROVISIONS FOR PROBABLE LOSSES                     0.088                     0.175                     0.301                     0.389
   OTHER OPERATING EXPENSES                     1.961                     3.991                     6.033                     8.415
      Overhead costs                     1.264                     2.590                     3.913                     5.456
      Other expenses                     0.696                     1.401                     2.120                     2.959
NET OPERATING INCOME / (LOSS)                     0.434                     0.877                     1.108                     1.368
EXTRAORDINARY CREDITS / (CHARGES)                     0.110                     0.251                     0.343                     0.498
NET INCOME/(LOSS) BEFORE TAX                     0.545                     1.129                     1.451                     1.866
PROVISIONS FOR INCOME TAX                     0.072                     0.184                     0.265                     0.388
NET INCOME/(LOSS) AFTER TAX                     0.473                     0.945                     1.186                     1.478
 
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: Supervisory Data Center, Supervision and Examination Sector