24  SELECTED PERFORMANCE RATIOS
          Universal Banking System 1/
          for the periods indicated
          in percent
2006
Jan Feb Mar  April May June   July Aug Sept Oct Nov Dec 
                       
Annual Growth Rates                       
   Balance Sheet  
       Total Assets 2/ 5.4 3.9 3.5 3.5 5.2 4.9 4.9 5.3 7.6 11.2 11.5 12.3
           Cash and Due From Banks 20.0 3.9 20.1 25.2 28.6 28.4 18.2 18.3 32.5 58.0 72.7 72.4
           Interbank Loans Receivable 26.5 28.7 37.4 15.0 17.5 (4.9) 2.1 9.2 (3.2) 2.2 8.4 8.3
           Loans, gross (exclusive of IBL) 3.2 2.3 0.3 3.1 2.5 0.2 4.6 5.9 11.0 13.1 7.7 11.0
              Allowance for Probable Losses (9.2) (8.7) (6.3) (3.4) (5.7) (4.6) (4.5) 0.4 (0.2) 0.1 (1.9) (10.0)
           Loans, net (exclusive of IBL) 4.7 3.5 1.1 3.8 3.4 0.7 5.6 6.4 12.2 14.5 8.6 13.1
           Investments, net (2.5) (2.5) (4.7) (4.3) 0.2 7.8 2.8 2.4 1.5 1.4 5.1 2.5
           ROPOA, net (7.1) (5.1) (5.1) (2.2) (3.2) (2.8) (3.4) (3.9) (5.0) (3.7) (4.9) (9.3)
           Other Assets  3/ 28.4 24.2 16.2 17.8 15.6 10.9 11.3 6.6 13.8 17.3 12.0 8.3
        Total Liabilities 6.4 4.4 3.4 3.5 6.0 5.7 5.5 5.7 8.3 11.6 12.1 12.4
           Deposits 4.7 5.4 4.1 5.2 10.4 10.3 9.0 10.5 13.7 15.0 16.4 17.7
           Bills Payable 14.4 (1.0) 6.0 (4.1) (13.3) (12.4) (17.4) (19.0) (20.0) (15.5) (14.8) (23.9)
          Special Financing (64.5) 62.9 (66.8) (66.9) (65.1) (58.1) (60.5) 195.9 64.5 60.1 58.5 62.9
          Unsecured Subordinated Debt 1.5 0.9 0.3 1.4 3.4 1.7 (0.1) 12.3 24.8 50.3 51.4 45.5
          Other Liabilities 13.9 3.3 (5.7) (1.1) (5.2) (8.2) 8.5 (3.6) (3.5) 12.0 0.7 12.1
       Total Capital Accounts 4/ (1.8) 0.4 3.9 3.8 (0.9) (1.9) 0.3 2.0 2.5 8.1 7.2 11.8
 
   Income Statement   
       Total Operating Income 13.8 4.7 9.2 12.0
           Net Interest Income 2.2 1.7 2.7 2.3
           Non-Interest Income 35.3 10.8 23.0 32.3
       Operating Expenses 6.0 1.3 5.2 14.7
          Bad Debts / Provisions for Probable Losses (8.4) (25.7) (18.0) 25.5
          Other Operating Expenses 9.6 7.3 10.2 12.8
       Net Operating Income 40.6 15.8 22.1 3.5
       Extraordinary Credits/(Charges) 10.8 5.5 15.2 37.0
       Net Income After Tax (NIAT) 42.7 15.1 21.7 21.0
 
Key Financial Ratios  
 
   NPL Ratio (inclusive of IBL) 8.1 8.8 8.8 8.9 8.3 7.9 7.9 8.2 8.1 7.7 7.5 6.0
   NPL Ratio (exclusive of IBL) 9.9 10.7 10.9 10.6 9.9 9.4 9.2 9.7 9.4 9.0 9.0 7.3
   NPA to Gross Assets  9.0 9.6 9.4 9.5 8.8 8.4 8.6 8.6 8.5 8.2 7.8 6.8
   Cash and Due from Banks to Deposits 11.2 10.5 11.8 12.2 11.7 11.9 11.9 11.7 12.7 15.2 16.3 17.3
   Liquid Assets to Deposits 61.0 59.9 61.5 62.4 61.1 63.6 63.5 61.5 61.3 62.7 63.0 61.3
   Loans, gross to Deposits 71.6 71.4 71.3 69.5 68.1 65.0 66.2 66.5 66.0 67.3 66.2 66.5
   Earning Asset Yield 5/ 7.9 7.7 8.2 7.9
   Funding Cost 6/ 3.5 3.4 3.5 3.5
   Interest Spread 7/ 4.4 4.3 4.7 4.4
   Net Interest Margin 8/ 4.3 4.1 4.3 4.1
   Net Interest Income to Total Operating Income  65.9 66.8 64.8 61.9
   Cost to Income Ratio 9/ 63.7 65.3 64.8 64.9
   Return on Assets  1.3 1.2 1.3 1.3
   Return on Equity  11.0 11.0 11.5 11.8
   Capital Adequacy Ratio (CAR) 9/  
         Solo Basis 15.9 14.8 15.2 15.0
         Consolidated Basis 18.2 17.0 17.4 16.7
    Total Capital Accounts to Total Assets 10.9 11.3 11.5 11.5 10.8 10.3 10.7 10.8 10.8 11.0 11.0 10.6
                         
                       
* Annualized
1/ Inclusive of branches of foreign banks and government banks with unversal banking license
2/ Adjusted to net off the account "Due from Head Office" with "Due to Head office" of branches of foreign banks
3/ Inclusive of Fixed Assets
4/ Inclusive of the portion of the Net Due To/From Head Office which qualified as capital
5/ Refers to the ratio of Interest Income to Average Earning Assets
6/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
7/ Refers to the difference between Earning Asset Yield and Funding Cost
8/ Refers to the ratio of Net Interest Income to Average Earning Assets
9/ Refers to the ratio of Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income
Note: Details may not add up to totals due to rounding-off
Source: Supervisory Data Center, Supervision and Examination Sector
Updated as of 1April 2008