25  SELECTED ASSET QUALITY INDICATORS 1/
              Universal Banking System 2/
              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 3,115.015 3,090.531 3,106.703 3,075.239 3,175.281 3,242.561 3,206.770 3,268.283 3,302.365 3,384.842 3,452.981 3,549.080
  GROSS ASSETS 3/ 3,224.115 3,215.719 3,229.584 3,198.053 3,293.458 3,354.571 3,319.755 3,389.312 3,424.709 3,500.811 3,564.469 3,647.062
  TOTAL LOAN PORTFOLIO (TLP), GROSS  1,527.644 1,538.074 1,532.070 1,487.497 1,532.531 1,501.532 1,499.519 1,556.013 1,574.309 1,608.864 1,629.903 1,692.177
  LOAN LOSS RESERVES 91.864 105.078 104.425 102.429 98.399 94.704 94.063 104.440 104.382 98.005 95.630 83.319
  INTERBANK LOANS RECEIVABLES 276.575 276.701 293.375 235.621 236.807 231.010 212.574 233.889 227.417 233.206 270.039 302.409
  RESTRUCTURED LOANS(RL), GROSS 88.915 87.419 87.587 87.796 86.471 84.860 84.924 85.954 85.404 84.494 84.115 69.304
  RESTRUCTURED LOANS, CURRENT/PERFORMING 41.714 40.742 42.783 43.674 43.333 42.191 43.097 43.379 42.920 38.570 40.880 39.280
  NON-PERFORMING LOANS 124.003 135.014 134.682 133.039 127.662 119.005 118.049 128.088 127.221 124.240 122.984 101.930
  ROPOA, GROSS 172.819 175.798 175.408 175.081 170.924 170.849 169.621 171.904 170.776 172.252 165.708 156.299
  ALLOWANCE FOR ROPOA 17.236 20.110 18.457 20.386 19.778 17.306 18.923 16.589 17.961 17.964 15.859 14.663
  NON-PERFORMING ASSETS (NPA) 4/ 289.633 307.988 302.913 305.256 291.259 282.447 285.726 292.304 290.157 286.946 278.938 249.135
  ALLOWANCE ON NPA 109.100 123.339 122.882 121.064 116.448 112.010 111.286 121.029 122.344 115.969 111.488 97.982
  DISTRESSED ASSETS 5/ 338.536 351.554 352.874 351.794 341.919 332.045 330.768 343.371 340.916 335.062 329.572 297.509
  ROPOA, GROSS (Net of Performing SCR)  165.630 168.519 168.231 167.714 163.673 163.443 162.116 164.215 162.936 162.706 155.953 147.204
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 7.189 7.279 7.177 7.367 7.251 7.406 7.505 7.688 7.840 9.545 9.755 9.095
  PAST DUE LOANS 142.635 142.825 141.276 141.783 137.085 133.572 135.424 137.392 139.527 144.646 143.025 119.894
   
  Annual Growth Rates  
  TOTAL ASSETS 5.4 3.9 3.5 3.5 5.2 4.9 5.0 5.3 20.3 11.2 11.5 27.4
  GROSS ASSETS 3/ 5.1 3.5 3.4 3.1 4.4 4.3 4.4 5.0 21.0 10.4 10.8 27.4
  TOTAL LOAN PORTFOLIO (TLP), GROSS  7.1 6.0 17.7 4.4 3.7 (1.1) 3.7 6.2 30.6 10.7 7.7 29.0
  LOAN LOSS RESERVES (6.4) (11.3) (2.0) (8.9) (16.9) (12.5) (12.9) (2.5) 37.7 (9.9) (5.6) 23.7
  INTERBANK LOANS RECEIVABLES 26.5 28.7 37.4 15.0 17.5 (4.9) 2.1 9.2 150.7 2.2 8.4 220.3
  RESTRUCTURED LOANS(RL), GROSS (21.0) (26.5) (18.3) (18.3) (19.4) (16.3) (16.2) (10.8) 31.3 (10.0) (9.5) (9.3)
  RESTRUCTURED LOANS, CURRENT/PERFORMING (27.0) (29.4) (20.5) (19.5) (18.0) (26.7) (22.7) (11.9) (10.0) (17.1) (10.6) (47.9)
  NON-PERFORMING LOANS (26.7) (28.7) (20.3) (25.1) (30.5) (19.7) (19.9) (12.8) 21.7 (14.8) (10.7) 20.1
  ROPOA, GROSS (2.8) (0.6) (0.6) 1.6 0.3 (2.4) (0.3) (3.9) 3.1 (3.1) (6.1) 11.6
  ALLOWANCE FOR ROPOA 24.9 31.7 30.3 20.7 15.7 1.4 11.0 (3.5) 77.5 2.0 (16.0) 36.2
  NON-PERFORMING ASSETS (NPA) 4/ (15.7) (15.3) (10.4) (12.1) (15.6) (10.7) (9.6) (8.2) 9.3 (9.3) (9.2) 15.5
  ALLOWANCE ON NPA (2.8) (6.4) 2.1 (5.1) (12.6) (10.6) (9.7) (2.6) 45.7 (8.3) (7.2) 26.4
  DISTRESSED ASSETS 5/ (16.7) (16.9) (11.5) (12.8) (15.6) (12.8) (11.3) (8.4) 7.9 (9.5) (8.4) 9.0
  ROPOA, GROSS (Net of Performing SCR)  (3.7) (0.7) (0.8) 1.4 0.1 (2.7) (0.5) (4.3) 2.6 (4.6) (8.0) 12.6
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 21.5 2.8 5.2 6.3 3.7 6.0 3.2 6.0 6.9 31.4 39.0 4.6
  PAST DUE LOANS (28.8) (24.2) (21.8) (19.9) (21.6) (12.0) (89.9) (89.9) 13.4 (89.2) (89.9) 18.7
   
  Selected Ratios  (%)  
   
       Past Due Ratio 9.2 9.2 9.2 9.4 8.9 8.8 8.9 8.8 8.8 8.9 8.7 7.0
       RL to TLP 5.7 3.2 5.7 3.5 3.4 5.6 3.4 3.3 5.4 2.7 2.8 4.0
       LLR to TLP 6.0 18.0 6.8 15.8 15.5 6.3 14.2 15.0 6.6 14.5 16.6 4.9
       NPL Ratio (inclusive of IBL) 8.1 11.4 8.8 11.8 11.2 7.9 11.3 11.0 8.1 10.7 10.2 6.0
       NPL Ratio (exclusive of IBL) 9.9 13.9 10.9 14.0 13.2 9.4 13.2 13.0 9.4 12.5 12.2 7.3
       NPL Coverage 6/ 74.1 157.4 77.5 134.6 138.5 79.6 125.3 136.1 82.0 135.4 163.0 81.7
       NPA to Gross Assets  9.0 3.8 9.4 3.8 3.5 8.4 3.4 3.6 8.5 3.3 3.1 6.8
       NPA Coverage 7/ 37.7 285.0 40.6 290.6 293.6 39.7 297.2 283.7 42.2 288.9 295.6 39.3
       Distressed Assets 8/ 19.9 10.8 20.7 11.1 10.5 19.9 10.7 10.4 19.5 10.0 9.5 16.1
                             
   
 
  1/ As defined per BSP Circular No. 202 dated 27 May 1999 amended by BSP Circular No. 351 dated 19 September 2002
  2/ Inclusive of branches of foreign banks and government banks with universal banking license
  3/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPOA
  4/ Refers to NPLs plus ROPOA as defined per BSP Circular No. 351 and 380, respectively
  5/ Refers to NPLs plus ROPOA, gross and Restructured Loans, performing.
  6/ Refers to the ratio of LLR to NPLs
  7/ Refers to the ratio of valuation reserves (for Loans and ROPOA) to NPAs
  8/ 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 1April 2008