51  SELECTED PERFORMANCE RATIOS
	Rural and Cooperative Banking System
	for the periods indicated
	in percent
		2006
		March	June	Sept	Dec
	Annual Growth Rates
	Balance Sheet
	Total Assets	10.2	12.1	13.2	16.2
	Cash and Due From Banks	4.6	11.4	14.7	21.1
	Loans, gross	12.7	12.4	12.9	13.0
	Allowance for Probable Losses	8.7	3.4	4.5	2.7
	Loans, net	12.9	12.9	13.3	13.5
	Investments, net	7.9	4.1	1.5	4.9
	ROPA, net	2.9	10.5	14.5	30.7
	Other Assets 1/	11.0	14.0	15.7	19.5
	Total Liabilities	11.7	13.6	13.8	16.4
	Deposits	12.0	13.4	14.3	16.4
	Bills Payable	11.4	12.7	5.7	10.7
	Special Financing	1.8	(1.1)	(4.3)	(7.5)
	Other Liabilities	9.9	17.5	18.5	23.1
	Total Capital Accounts	1.7	3.4	9.3	15.2
	Income Statement
	Total Operating Income	6.8	8.4	19.1	17.8
	Net Interest Income	7.8	10.2	20.5	16.9
	Non-Interest Income	4.6	4.8	16.2	19.6
	Operating Expenses	6.9	9.1	10.0	10.0
	Bad Debts / Provisions for Probable Losses	6.0	15.8	14.5	(13.4)
	Other Operating Expenses	6.9	8.9	9.8	11.3
	Net Operating Income	6.5	5.1	69.0	65.8
	Extraordinary Credits/(Charges)	(22.1)	(25.7)	22.1	0.6
	Net Income After Tax (NIAT)	(4.9)	(5.4)	60.2	51.5
	Key Financial Ratios
	NPL Ratio	12.1	12.3	11.7	11.1
	NPA to Gross Assets	14.1	14.2	13.8	12.5
	Cash and Due from Banks to Deposits	24.6	25.4	24.2	26.2
	Liquid Assets to Deposits	32.6	33.0	31.8	33.4
	Loans, gross to Deposits	89.5	88.1	89.6	88.3
	Earning Asset Yield * 2/	17.9	17.8	18.2	18.1
	Funding Cost * 3/	6.7	6.6	6.6	6.5
	Interest Spread * 4/	11.3	11.2	11.6	11.6
	Net Interest Margin * 5/	10.3	10.3	10.7	10.6
	Net Interest Income to Total Operating Income	69.9	70.2	70.1	69.4
	Cost to Income Ratio * 6/	81.8	81.9	76.8	77.3
	Return on Assets	1.5	1.4	2.1	2.0
	Return on Equity	9.9	9.6	14.1	13.7
	Capital Adequacy Ratio (CAR) 7/
	Solo Basis	15.7	15.4	15.7	15.6
	Consolidated Basis	15.7	15.4	15.7	15.6
	Total Capital Accounts to Total Assets	14.4	14.0	14.5	14.6
	* Annualized
	1/ Inclusive of Fixed Assets
	2/ Refers to the ratio of Interest Income to Average Earning Assets
	3/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
	4/ Refers to the difference between Earning Asset Yield and Funding Cost
	5/ Refers to the ratio of Net Interest Income to Average Earning Assets
	6/ Refers to the ratio of Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income
	7/ 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