16   SELECTED ASSET QUALITY INDICATORS 1/
              Universal and Commercial Banking System
              as of end of periods indicated
              in billion pesos
                             
  ACCOUNTS Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06
                             
  Levels  
  TOTAL ASSETS 3,822.395 3,810.419 3,830.094 3,807.917 3,934.821 4,019.682 3,984.420 3,984.666 4,006.729 4,096.745 4,196.407 4,289.285
  GROSS ASSETS 2/ 3,948.170 3,952.419 3,969.890 3,947.812 4,069.523 4,148.791 4,113.516 4,120.124 4,143.094 4,226.922 4,322.200 4,401.475
  TOTAL LOAN PORTFOLIO (TLP), GROSS  1,891.914 1,912.941 1,906.421 1,867.502 1,921.663 1,890.565 1,901.676 1,914.004 1,927.138 1,984.821 2,024.923 2,073.348
  LOAN LOSS RESERVES 107.217 120.571 120.019 118.229 114.157 110.545 108.982 118.088 117.856 111.684 109.408 97.031
  INTERBANK LOANS RECEIVABLES 353.854 360.354 378.760 322.175 325.293 323.010 307.261 326.604 328.894 336.440 361.055 403.110
  RESTRUCTURED LOANS(RL), GROSS 100.925 99.326 99.703 100.220 98.844 97.671 97.528 96.709 96.210 95.233 94.726 79.950
  RESTRUCTURED LOANS, CURRENT/PERFORMING 51.051 48.771 52.160 53.425 52.676 52.043 52.651 51.086 50.800 46.543 48.803 47.378
  NON-PERFORMING LOANS 142.920 153.462 152.676 150.962 145.728 136.530 135.352 144.299 143.096 140.952 139.717 117.410
  ROPOA, GROSS 189.519 192.565 192.324 192.164 187.825 185.603 186.586 186.133 184.974 186.467 180.125 170.339
  ALLOWANCE FOR ROPOA 18.558 21.429 19.776 21.666 20.545 18.564 20.115 17.369 18.508 18.493 16.385 15.158
  NON-PERFORMING ASSETS (NPA) 3/ 322.881 340.842 335.497 337.935 324.076 314.727 317.741 320.746 318.240 315.698 307.942 276.527
  ALLOWANCE ON NPA 125.775 140.151 139.796 138.144 132.973 129.109 127.397 135.457 136.365 130.177 125.792 112.189
  DISTRESSED ASSETS 4/ 383.490 394.798 397.160 396.551 386.229 376.421 374.590 381.518 378.870 373.961 368.645 335.126
  ROPOA, GROSS (Net of Performing SCR)  179.961 182.925 182.821 182.470 178.424 168.705 176.828 176.446 174.596 174.746 168.224 159.117
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 9.558 9.640 9.502 9.693 9.401 16.898 9.758 9.687 10.378 11.720 11.900 11.221
  PAST DUE LOANS 165.078 164.911 163.042 163.426 158.970 155.404 157.743 156.175 159.090 164.945 162.968 139.466
   
  Annual Growth Rates  
  TOTAL ASSETS 3.4 1.1 0.1 0.6 2.5 6.1 3.8 3.6 5.8 9.2 9.7 11.2
  GROSS ASSETS 2/ 3.1 0.8 (0.2) 0.3 1.9 5.5 3.3 3.3 5.3 8.5 9.0 10.2
  TOTAL LOAN PORTFOLIO (TLP), GROSS  5.8 5.2 4.0 2.8 2.7 4.6 3.7 3.6 6.5 11.1 8.0 10.7
  LOAN LOSS RESERVES (9.1) (12.3) (10.4) (10.0) (16.5) (12.9) (13.5) (6.2) (7.1) (12.0) (7.3) (18.5)
  INTERBANK LOANS RECEIVABLES 21.0 21.6 27.4 14.5 18.2 6.5 5.6 12.0 8.4 16.3 15.1 18.6
  RESTRUCTURED LOANS(RL), GROSS (18.7) (24.2) (17.0) (16.7) (18.3) (9.5) (15.3) (12.3) (10.8) (11.5) (9.5) (19.2)
  RESTRUCTURED LOANS, CURRENT/PERFORMING (20.8) (25.7) (15.8) (14.2) (15.0) (11.1) (19.2) (13.0) (13.2) (16.6) (8.3) (6.7)
  NON-PERFORMING LOANS (28.8) (28.4) (26.3) (26.1) (30.9) (20.0) (22.1) (16.9) (16.1) (18.2) (14.9) (23.6)
  ROPOA, GROSS (7.9) (3.5) (3.4) (1.3) (2.5) (7.3) (3.0) (7.3) (7.6) (6.8) (7.1) (10.5)
  ALLOWANCE FOR ROPOA 24.6 31.2 30.5 21.3 14.1 1.2 11.4 (4.6) 0.9 (1.7) (17.7) (19.0)
  NON-PERFORMING ASSETS (NPA) 3/ (19.6) (16.8) (15.5) (14.5) (17.5) (15.4) (12.5) (12.2) (12.0) (13.1) (11.7) (17.3)
  ALLOWANCE ON NPA (5.6) (7.7) (5.9) (6.3) (12.8) (11.1) (10.4) (6.0) (6.1) (10.7) (8.8) (18.6)
  DISTRESSED ASSETS 4/ (19.0) (17.5) (15.0) (13.9) (16.7) (12.8) (13.1) (11.9) (11.8) (12.7) (10.4) (15.1)
  ROPOA, GROSS (Net of Performing SCR)  (9.3) (4.2) (4.1) (2.0) (3.0) (11.3) (3.6) (8.0) (8.3) (8.5) (8.8) (12.0)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 30.1 12.8 14.5 13.9 9.7 76.7 9.4 8.3 6.5 28.7 26.0 17.5
  PAST DUE LOANS (30.9) (25.0) (23.7) (22.3) (23.9) (11.9) (90.8) (90.9) (13.1) (90.1) (90.7) (14.1)
   
  Selected Ratios  (%)  
   
       Past Due Ratio 8.6 8.6 8.5 8.7 8.2 8.1 8.2 8.1 8.2 8.2 8.0 6.7
       RL to TLP 5.3 5.2 5.2 5.3 5.1 5.1 5.1 5.0 5.0 4.7 4.6 3.8
       LLR to TLP 5.7 6.3 6.3 6.3 5.9 5.8 5.7 6.2 6.1 5.6 5.4 4.7
       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
       NPL Coverage 5/ 75.0 78.6 78.6 78.3 78.3 81.0 80.5 81.8 82.4 79.2 78.3 82.6
       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
       NPA Coverage 6/ 39.0 41.1 41.7 40.9 41.0 41.0 40.1 42.2 42.8 41.2 40.8 40.6
       Distressed Assets 7/ 18.4 18.8 18.9 19.3 18.3 18.1 17.9 18.2 17.9 17.2 16.7 14.9
                             
   
  1/ As defined per BSP Circular No. 202 dated 27 May 1999 amended by BSP Circular No. 351   dated 19 September 2002
  2/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPOA
  3/ Refers to NPLs plus ROPOA as defined per BSP Circular No. 351 and 380, respectively
  4/ Refers to NPLs plus ROPOA, gross and Restructured Loans, performing.
  5/ Refers to the ratio of LLR to NPLs
  6/ Refers to the ratio of valuation reserves (for Loans and ROPOA) to NPAs
  7/ Refers to the ratio of Distressed Assets to TLP plus ROPOA, gross 
  Note: Details may not add up to totals due to rounding-off
  Source : Supervisory Data Center, Supervision and Examination Sector
Updated as of 10 September 2007