33  SELECTED PERFORMANCE RATIOS
          Commercial Banking System 1/
          for the periods indicated
          in percent
COMMERCIAL BANKS
Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06
                       
Annual Growth Rates                       
   Balance Sheet  
       Total Assets 2/ (4.6) (9.3) (12.2) (10.0) (7.2) (3.5) (0.4) (3.4) (2.2) 0.6 2.0 6.3
          Cash and Due From Banks 17.2 11.6 25.2 25.0 21.7 21.7 14.5 8.9 22.8 12.6 40.2 46.8
          Interbank Loans Receivable 4.7 3.0 1.4 13.2 20.0 41.5 13.8 19.6 48.3 69.5 40.9 65.6
          Loans, gross (exclusive of IBL) (0.5) 1.5 (3.3) (7.2) (6.4) (5.5) 0.8 (13.3) (12.9) 0.1 2.5 1.8
             Allowance for Probable Losses (24.0) (18.4) (18.1) (18.3) (15.9) (12.6) (16.7) (30.9) (27.3) (24.8) (20.4) (18.8)
          Loans, net (exclusive of IBL) 1.5 3.1 (2.2) (6.4) (5.7) (5.1) 2.1 (12.1) (11.8) 2.1 4.0 3.2
          Investments, net (23.0) (33.4) (38.3) (33.7) (27.7) (21.2) (15.2) (5.3) (14.1) (22.6) (20.0) (16.4)
          ROPOA, net (43.3) (28.8) (28.0) (26.2) (24.3) (25.4) (25.7) (35.5) (34.7) (35.1) (15.7) (12.0)
          Other Assets 3/ 31.2 15.0 19.0 21.4 25.8 18.3 23.8 14.7 11.3 10.8 (8.0) (4.0)
       Total Liabilities (5.3) (10.3) (15.0) (12.7) (8.5) (5.0) (0.8) (3.9) (2.9) 0.5 2.3 6.9
          Deposits 0.6 (0.2) (0.5) (0.0) 7.5 8.0 12.0 0.1 (0.8) 4.4 6.8 12.6
          Bills Payable 15.5 13.1 9.1 5.9 5.2 23.2 17.4 (11.0) (12.2) (13.3) (2.4) (8.2)
          Special Financing (0.0) (0.0) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
          Unsecured Subordinated Debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 164.5 189.6 189.4
          Other Liabilities (38.3) (48.9) (60.7) (57.0) (58.6) (56.2) (51.9) (22.0) (8.4) (13.4) (20.5) (16.7)
       Total Capital Accounts 4/ (0.2) (2.9) 5.3 6.9 0.6 6.1 1.7 (0.9) (0.3) 1.0 0.4 3.3
 
   Income Statement   
       Total Operating Income 10.3 5.7 4.5 12.3
           Net Interest Income (2.2) 3.5 (5.8) 3.0
           Non-Interest Income 32.2 10.1 28.1 30.4
       Operating Expenses 20.8 11.9 (7.2) 4.0
          Bad Debts / Provisions for Probable Losses 29.1 1.6 (13.2) 19.3
          Other Operating Expenses 20.2 12.8 (6.5) 2.2
       Net Operating Income (5.2) (4.5) 30.4 31.3
       Extraordinary Credits/(Charges) 322.7 (21.2) (25.8) 31.0
       Net Income After Tax (NIAT) 4.9 5.5 38.1 50.2
 
Key Financial Ratios  
      NPL Ratio (inclusive of IBL) 5.2 4.9 4.8 4.7 4.6 4.5 4.3 4.5 4.5 4.4 4.2 4.1
       NPL Ratio (exclusive of IBL) 6.6 6.3 6.2 6.1 6.0 5.9 5.6 6.1 6.3 6.1 5.5 5.5
       NPA to Gross Assets  4.6 4.5 4.4 4.4 4.2 4.1 4.0 3.9 3.9 4.0 3.8 3.6
       Cash and Due from Banks to Deposits 17.1 16.4 17.1 18.1 15.8 16.7 15.5 16.2 19.3 19.5 21.3 22.5
       Liquid Assets to Deposits 60.1 58.4 58.7 59.4 58.3 61.4 57.4 59.6 60.4 56.4 57.4 58.0
       Loans, gross to Deposits 81.8 82.4 82.2 82.7 78.7 76.8 77.8 74.4 75.9 79.9 81.0 76.8
       Earning Asset Yield * 5/ 8.3 8.1 9.3 9.4
       Funding Cost * 6/ 5.1 4.6 4.8 4.9
       Interest Spread * 7/ 3.2 3.5 4.5 4.5
       Net Interest Margin * 8/ 4.0 4.0 4.6 4.6
       Net Interest Income to Total Operating Income  64.3 66.3 62.5 60.8
       Cost to Income Ratio * 9/ 63.3 63.6 56.9 57.0
       Return on Assets  1.1 1.2 1.7 1.7
       Return on Equity  7.4 8.2 10.6 10.7
       Capital Adequacy Ratio (CAR) 10/  
            Solo Basis 26.9 26.2 27.7 25.6
            Consolidated Basis 26.9 26.2 29.8 25.6
       Total Capital Accounts to Total Assets 15.8 15.4 16.6 16.5 15.2 14.8 14.5 15.6 15.9 16.1 15.6 15.6
 
 
* Annualized  
1/ Inclusive of other branches/subsidiaries of foreign banks
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  
10/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted starting 1 July 2001  
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