6   SELECTED PERFORMANCE RATIOS
       Philippine Banking System
       for the periods indicated
       in percent
2006
March June Sept Dec
       
Annual Growth Rates       
   Balance Sheet  
       Total Assets  1.1 4.3 7.1 12.7
          Cash and Due From Banks 19.6 27.3 29.6 64.1
          Interbank Loans Receivable 29.4 7.2 12.7 23.9
          Loans, gross (exclusive of IBL) 1.4 1.0 8.3 10.6
             Allowance for Probable Losses (6.5) (3.7) (1.8) (8.1)
          Loans, net (exclusive of IBL) 2.2 1.4 9.3 12.2
          Investments, net (12.3) 1.7 (0.8) 0.0
          ROPA, net (6.6) (3.8) (6.5) (5.2)
          Other Assets 1/ 12.4 9.2 8.7 5.7
       Total Liabilities 0.6 4.8 7.5 12.8
          Deposits 4.1 10.4 12.0 17.7
          Bills Payable 6.9 (4.3) (15.8) (18.3)
          Special Financing (18.3) (15.2) (12.8) (15.3)
          Unsecured Subordinated Debt 4.5 6.6 24.2 48.9
          Other Liabilities (28.1) (25.5) (4.0) 6.8
          Total Capital Accounts 4.5 1.3 4.0 11.3
 
   Income Statement   
       Total Operating Income 14.4 7.0 10.5 13.4
           Net Interest Income 3.1 4.3 4.1 4.4
           Non-Interest Income 36.1 12.7 24.5 32.8
       Operating Expenses 8.9 5.0 5.3 13.0
          Bad Debts / Provisions for Probable Losses (1.0) (19.3) (15.0) 19.8
          Other Operating Expenses 10.8 9.4 8.9 11.9
       Net Operating Income 33.3 13.8 29.0 14.8
       Extraordinary Credits/(Charges) 26.7 3.1 10.5 28.4
       Net Income After Tax (NIAT) 34.9 14.2 29.2 28.7
 
Key Financial Ratios  
 
       NPL Ratio (inclusive of IBL) 8.2 7.5 7.7 6.1
       NPL Ratio (exclusive of IBL) 10.0 8.9 9.2 7.5
       NPA to Gross Assets  8.8 8.1 8.3 6.9
       Cash and Due from Banks to Deposits 13.0 13.1 13.9 18.1
       Liquid Assets to Deposits 54.5 56.5 55.0 55.0
       Loans, gross to Deposits 74.1 68.5 69.3 69.4
       Earning Asset Yield * 2/ 8.6 8.3 8.9 8.7
       Funding Cost * 3/ 3.9 3.8 3.9 3.9
       Interest Spread * 4/ 4.7 4.5 4.9 4.8
       Net Interest Margin * 5/ 4.6 4.4 4.6 4.5
       Net Interest Income to Total Operating Income  68.4 67.5 65.5 63.0
       Cost to Income Ratio * 6/ 67.3 68.0 66.5 66.5
       Return on Assets  1.1 1.1 1.2 1.3
       Return on Equity  8.7 9.3 10.3 10.6
       Capital Adequacy Ratio (CAR) 7/  
            Solo Basis 18.0 17.3 16.8 16.9
            Consolidated Basis 19.4 18.7 19.1 17.5
       Total Capital Accounts to Total Assets 12.5 11.5 11.9 11.7
         
       
* 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