37 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
	ASSET QUALITY INDICATORS 1/
		GROSS ASSETS 2/		101.956	105.176	107.936	112.232
		TOTAL LOAN PORTFOLIO, GROSS		60.339	62.574	65.411	67.786
		LOAN LOSS RESERVES		2.597	2.763	2.886	2.865
		INTERBANK LOANS RECEIVABLES		0.000	0.000	0.000	0.000
		RESTRUCTURED LOANS, GROSS		0.625	0.693	0.773	0.748
		RESTRUCTURED LOANS, CURRENT/PERFORMING		0.427	0.475	0.564	0.509
		NON-PERFORMING LOANS		6.941	7.436	7.552	7.521
		ROPOA, GROSS		8.028	8.002	8.002	8.335
		ALLOWANCE FOR ROPOA		0.255	0.270	0.277	0.288
		NON-PERFORMING ASSETS (NPA) 3/		14.969	15.439	15.554	15.856
		ALLOWANCE ON NPA		2.851	3.033	3.164	3.153
		DISTRESSED ASSETS  4/		15.395	15.914	16.118	16.365
		ROPOA, GROSS (Net of Performing SCR)		8.028	8.002	8.002	8.335
		PERFORMING SALES CONTRACT RECEIVABLES (SCR)		0.000	0.000	0.000	0.000
	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