34   SELECTED ASSET QUALITY INDICATORS 1/
              Commercial 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      707.379         719.888        723.392       732.678        759.540 777.121 777.650 716.383 704.364 711.903 743.427 740.205
  GROSS ASSETS 3/      724.055         736.701        740.306       749.759        776.065 794.220 793.761 730.812 718.385 726.110 757.731 754.412
  TOTAL LOAN PORTFOLIO (TLP), GROSS      364.270         374.867        374.351       380.005        389.132 389.033 402.157 357.991 352.829 375.957 395.019 381.171
  LOAN LOSS RESERVES 15.354 15.493 15.594 15.800 15.758 15.841 14.919 13.648 13.474 13.679 13.778 13.712
  INTERBANK LOANS RECEIVABLES        77.279 83.653          85.385 86.555 88.486 91.999 94.687 92.714 101.477 103.235 91.016 100.701
  RESTRUCTURED LOANS(RL), GROSS 12.010           11.907 12.117         12.424          12.373 12.811 12.604 10.754 10.807 10.739 10.612 10.646
  RESTRUCTURED LOANS, CURRENT/PERFORMING 9.337 8.029 9.377 9.751 9.343 9.851 9.554 7.707 7.880 7.973 7.923 8.098
  NON-PERFORMING LOANS        18.917 18.448          17.994 17.923 18.066 17.525 17.303 16.211 15.876 16.712 16.733 15.479
  ROPOA, GROSS        16.700           16.767          16.916         17.083          16.901 14.755 16.965 14.229 14.198 14.215 14.416 14.040
  ALLOWANCE FOR ROPOA          1.322             1.320            1.320           1.280            0.767 1.258 1.192 0.780 0.547 0.529 0.526 0.495
  NON-PERFORMING ASSETS (NPA) 4/        33.249           32.854          32.584         32.679          32.817 32.280 32.015 28.442 28.083 28.752 29.004 27.392
  ALLOWANCE ON NPA        16.676           16.813          16.914         17.080          16.525 17.099 16.111 14.428 14.021 14.208 14.304 14.207
  DISTRESSED ASSETS 5/        44.954           43.244          44.287         44.756          44.309 44.377 43.822 38.147 37.954 38.899 39.073 37.617
  ROPOA, GROSS (Net of Performing SCR) 14.331           14.406 14.590         14.756          14.751 5.262 14.711 12.231 11.660 12.040 12.271 11.913
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 2.369 2.361 2.325 2.326 2.150 9.492 2.253 1.998 2.538 2.175 2.146 2.126
  PAST DUE LOANS        22.444 22.086          21.765 21.643 21.886        21.832 22.319 18.783       19.563 20.299 19.944              19.572
   
  Annual Growth Rates  
  TOTAL ASSETS (4.6) (9.3) (12.3) (10.0) (7.2) (3.5) (0.7) (3.4) (2.2) 0.6 2.0 6.3
  GROSS ASSETS 3/ (5.1) (9.4) (13.2) (10.1) (7.4) (3.6) (1.1) (4.0) (2.9) (0.1) 1.5 5.7
  TOTAL LOAN PORTFOLIO (TLP), GROSS  0.7 2.0 (29.5) (3.1) (1.3) 2.7 3.8 (6.4) (1.5) 13.0 9.6 13.6
  LOAN LOSS RESERVES (25.1) (18.3) (43.2) (16.6) (14.0) (10.2) (17.5) (27.2) (27.3) (24.5) (17.9) (15.6)
  INTERBANK LOANS RECEIVABLES 4.7 3.0 1.9 13.2 20.0 41.5 14.4 19.6 48.3 69.5 40.9 65.6
  RESTRUCTURED LOANS(RL), GROSS 2.8 (2.4) (5.3) (2.8) (9.7) (3.9) (8.9) (22.6) (17.6) (21.8) (9.9) 4.8
  RESTRUCTURED LOANS, CURRENT/PERFORMING 27.6 0.3 14.8 20.7 2.3 4.6 1.2 (18.9) (17.8) (13.9) 5.5 6.4
  NON-PERFORMING LOANS (41.5) (26.3) (52.9) (33.0) (33.7) (34.0) (34.2) (39.6) (40.1) (37.0) (36.9) (18.0)
  ROPOA, GROSS (40.9) (26.4) (25.5) (23.7) (24.0) (33.4) (23.9) (34.9) (35.3) (36.2) (17.6) (16.2)
  ALLOWANCE FOR ROPOA 20.8 23.5 34.5 32.0 (16.9) 20.7 17.9 (23.0) (46.9) (56.4) (48.5) (63.5)
  NON-PERFORMING ASSETS (NPA) 4/ (43.8) (29.1) (45.2) (31.3) (31.5) (50.2) (31.8) (39.5) (39.6) (38.8) (30.3) (17.6)
  ALLOWANCE ON NPA (22.7) (16.1) (40.5) (14.3) (14.1) (8.5) (15.6) (26.9) (28.3) (26.5) (19.7) (19.3)
  DISTRESSED ASSETS 5/ (33.8) (22.5) (35.9) (21.8) (24.4) (27.5) (24.5) (34.5) (34.6) (33.0) (24.2) (13.0)
  ROPOA, GROSS (Net of Performing SCR)  (46.5) (32.4) (31.2) (29.1) (28.6) (71.3) (28.7) (39.4) (39.0) (41.1) (18.6) (17.0)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 65.6 61.4 58.1 47.4 36.8 413.1 36.6 18.4 3.1 17.8 (11.6) (11.2)
  PAST DUE LOANS (41.8) (29.5) (33.9) (35.4) (36.0) (36.1) (94.0) (94.8) (41.1) (93.5) (94.2) (15.1)
   
  Selected Ratios  (%)  
   
       Past Due Ratio 6.1 5.9 5.8 5.7 5.6 5.6 5.5 5.2 5.5 5.4 5.0 5.1
       RL to TLP 3.3 3.2 3.2 3.3 3.2 3.3 3.1 3.0 3.1 2.8 2.7 2.8
       LLR to TLP 4.2 4.1 4.2 4.2 4.0 4.1 3.7 3.8 3.8 3.6 3.5 3.6
       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
       NPL Coverage 6/ 81.2 84.0 86.7 88.2 87.2 90.4 86.2 84.2 84.9 81.9 82.3 88.6
       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
       NPA Coverage 7/ 50.2 51.2 51.9 52.3 50.4 53.0 50.3 50.7 49.9 49.4 49.3 51.9
       Distressed Assets 8/ 11.8 11.0 11.3 11.3 10.9 11.0 10.5 10.2 10.3 10.0 9.5 9.5
                             
   
  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 other branches/subsidiaries of foreign banks
  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