15  SELECTED PERFORMANCE RATIOS
          Universal and Commercial Banking System
          for the periods indicated
          in percent
2006
Jan Feb Mar April May June July August Sept  Oct Nov Dec  
                       
Annual Growth Rates                       
   Balance Sheet  
       Total Assets 1/               3.4               1.2              0.1              0.6               2.5             3.1             3.8             3.6               5.8            9.2            9.7           11.2  
          Cash and Due From Banks             19.3               5.7            21.3            25.1             26.9           26.8           17.3           16.1             30.2          46.2          64.9           66.5  
          Interbank Loans Receivable             21.0             21.6            27.2            14.5             18.2             4.9             5.4           12.0               8.4          16.3          15.1           18.6  
          Loans, gross (exclusive of IBL)               2.5               2.1             (0.4)              1.0               0.7           (0.9)             3.9             2.1               6.4          10.7            6.7             9.4  
             Allowance for Probable Losses           (11.5)           (10.1)             (8.1)             (5.7)             (7.2)           (5.8)            (6.2)           (4.3)             (4.1)          (3.5)          (4.4)         (11.2)  
          Loans, net (exclusive of IBL)               4.1               3.4              0.4              1.6               1.5           (0.5)             4.9             2.7               7.5          12.2            7.7           11.3  
          Investments, net             (6.5)             (9.3)           (12.4)           (10.7)             (5.9)             1.5            (0.8)             1.1             (1.2)          (2.9)            0.6           (0.7)  
          ROPOA, net           (12.1)             (7.9)             (7.8)             (5.0)             (5.7)           (5.5)            (6.0)           (7.5)             (8.4)          (7.4)          (5.9)           (9.6)  
          Other Assets 2/             29.0             21.9            16.9            18.7             17.9           12.4           13.9             8.2             13.3          15.9            7.3             5.6  
       Total Liabilities               4.1               1.4             (0.4)              0.1               3.0             3.6             4.3             3.9               6.2            9.6          10.3           11.4  
          Deposits               4.0               4.4              3.3              4.2               9.9             9.9             9.6             8.6             11.1          13.1          14.7           16.8  
          Bills Payable             14.6               1.4              6.6             (2.2)           (10.0)           (6.7)          (11.9)         (17.7)           (18.7)        (15.1)        (12.6)         (21.5)  
          Special Financing           (64.1)             62.3           (66.0)           (66.0)           (64.2)         (57.2)          (59.5)         173.5             55.6          51.7          50.3           53.9  
          Unsecured Subordinated Debt               3.9               3.3              4.5              6.4               8.4             6.6             4.8           12.0             24.2          53.0          54.7           48.9  
          Other Liabilities             (5.7)           (18.7)           (30.3)           (25.4)           (27.7)         (27.6)          (15.4)           (8.3)             (4.8)            5.6          (5.0)             4.9  
       Total Capital Accounts 3/             (1.4)             (0.4)              4.2              4.6             (0.6)             0.0             0.6             1.3               1.8            6.4            5.5             9.7  
 
   Income Statement   
       Total Operating Income            13.1 5.6 9.0 12.0  
           Net Interest Income              1.3 3.1 2.2 2.4  
           Non-Interest Income            34.6 10.5 23.5 31.9  
       Operating Expenses              8.6 3.5 3.2 12.7  
          Bad Debts / Provisions for Probable Losses             (5.8) (23.1) (17.4) 24.6  
          Other Operating Expenses            11.7 8.7 7.2 10.8  
       Net Operating Income            25.7 11.7 26.8 10.2  
       Extraordinary Credits/(Charges)            44.2 6.3 13.4 36.1  
       Net Income After Tax (NIAT)            31.3 15.8 29.6 26.6  
 
Key Financial Ratios  
 
       NPL Ratio (inclusive of IBL)               7.6               8.0              8.0              8.1               7.6             7.2             7.1             7.5               7.4            7.1            6.9             5.7  
       NPL Ratio (exclusive of IBL)               9.3               9.9            10.0              9.8               9.1             8.7             8.5             9.1               9.0            8.6            8.4             7.0  
       NPA to Gross Assets                8.2               8.6              8.5              8.6               8.0             7.6             7.7             7.8               7.7            7.5            7.1             6.3  
       Cash and Due from Banks to Deposits             12.2             11.5            12.7            13.2             12.4           12.8           12.5           12.5             13.8          15.9          17.1           18.1  
       Liquid Assets to Deposits             60.8             59.7            61.0            61.9             60.6           63.2           62.4           61.2             61.2          61.7          62.0           60.7  
       Loans, gross to Deposits             73.3             73.3            73.2            71.8             70.0           67.1           68.3           67.8             67.6          69.4          68.6           68.2  
         Earning Asset Yield * 4/ 8.0 7.8 8.4 8.2
         Funding Cost * 5/ 3.8 3.6 3.7 3.7
         Interest Spread * 6/ 4.2 4.2 4.7 4.5
         Net Interest Margin * 7/ 4.2 4.1 4.4 4.2
         Net Interest Income to Total Operating Income  65.6 66.7 64.3 61.7
         Cost to Income Ratio 8/ 63.7 65.0 63.3 63.4
         Return on Assets  1.2 1.2 1.3 1.3
         Return on Equity  10.1 10.3 11.3 11.5
         Capital Adequacy Ratio (CAR) 9/
              Solo Basis            18.1 18.0 17.5 17.0
              Consolidated Basis            19.6 19.5 18.9 18.5
         Total Capital Accounts to Total Assets             11.8             12.1            12.4            12.4             11.6           11.2           11.4           11.7             11.7          11.9          11.8           11.5
                           
                       
* Annualized
1/ Adjusted to net off the account "Due from Head Office" with "Due to Head office" of branches of foreign banks
2/ Inclusive of Fixed Assets
3/ Inclusive of the portion of the Net Due To/From Head Office which qualified as capital
4/ Refers to the ratio of Interest Income to Average Earning Assets  
5/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities  
6/ Refers to the difference between Earning Asset Yield and Funding Cost  
7/ Refers to the ratio of Net Interest Income to Average Earning Assets  
8/ Refers to the ratio of Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income  
9/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted starting  1 July 2001. Universal and Commercial banks are required to report their CARs  
   based on combined credit and market risk under Circular No. 360 dated 3 December 2002, which took effect on 1 July 2003  
Note: Details may not add up to totals due to rounding-off  
Source: Supervisory Data Center, Supervision and Examination Sector
Updated as of 25 January 2008