62   SELECTED ASSET QUALITY INDICATORS 1/
	Cooperative Banking System
	as of end of periods indicated
	in billion pesos
	ACCOUNTS		Mar-06	Jun-06	Sep-06	Dec-06
	Levels
	TOTAL ASSETS		7.725	7.908	8.259	8.874
	GROSS ASSETS 2/		8.002	8.187	8.583	9.213
	TOTAL LOAN PORTFOLIO (TLP), GROSS		5.419	5.607	5.861	6.152
	LOAN LOSS RESERVES		0.270	0.272	0.315	0.331
	INTERBANK LOANS RECEIVABLES		0.000	0.000	0.000	0.000
	RESTRUCTURED LOANS(RL), GROSS		0.137	0.148	0.148	0.120
	RESTRUCTURED LOANS, CURRENT		0.117	0.128	0.127	0.098
	NON-PERFORMING LOANS		0.686	0.709	0.779	0.733
	ROPA, GROSS		0.381	0.395	0.390	0.390
	ALLOWANCE FOR ROPA		0.007	0.008	0.008	0.008
	NON-PERFORMING ASSETS (NPA)3/		1.060	1.091	1.155	1.110
	ALLOWANCE ON NPA		0.277	0.280	0.323	0.339
	DISTRESSED ASSETS 4/		1.184	1.199	1.274	1.206
	ROPA, GROSS (Net of Performing SCR)		0.374	0.382	0.376	0.377
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)		0.007	0.013	0.014	0.013
	PAST DUE LOANS		0.824	0.857	0.933	0.897
	Annual Growth Rates
	TOTAL ASSETS		15.1	14.7	16.0	18.2
	GROSS ASSETS2/		15.0	14.5	16.0	18.6
	TOTAL LOAN PORTFOLIO (TLP), GROSS		11.4	10.5	11.0	14.7
	LOAN LOSS RESERVES		13.5	7.4	16.4	29.9
	RESTRUCTURED LOANS(RL), GROSS		7.8	15.0	13.7	(5.9)
	RESTRUCTURED LOANS, CURRENT/PERFORMING		9.2	18.2	(5.2)	(11.5)
	NON-PERFORMING LOANS		19.9	19.2	26.6	24.1
	ROPA, GROSS		32.5	22.0	7.2	4.0
	ALLOWANCE FOR ROPA		43.1	20.0	19.7	29.9
	NON-PERFORMING ASSETS (NPA) 3/		24.2	19.8	19.1	16.5
	ALLOWANCE ON NPA		14.1	7.7	16.4	29.9
	DISTRESSED ASSETS 4/		22.5	16.8	16.9	13.5
	ROPA, GROSS (Net of Performing SCR)		32.8	20.9	6.0	4.0
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)		18.7	63.8	51.8	3.7
	PAST DUE LOANS		4.0	6.7	11.4	9.8
	Selected Ratios  (%)
	Asset Quality
	Past Due Ratio		15.1	15.2	15.8	14.5
	RL to TLP		2.5	2.6	2.5	1.9
	LLR to TLP		5.0	4.9	5.4	5.4
	NPL Ratio		12.7	12.6	13.3	11.9
	NPL Coverage 5/		39.4	38.4	40.5	45.1
	NPA to Gross Assets		13.2	13.3	13.5	12.0
	NPA Coverage 6/		26.2	25.6	28.0	30.5
	Distressed Assets 7/		20.4	20.0	20.4	18.4
	1/ As defined per BSP Circular No. 202 dated 27 May 1999 amended by BSP Circular No. 351 dated 19 September 2002
	2/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPA
	3/ Refers to NPLs plus ROPA as defined per BSP Circular No. 351 and 380, respectively
	4/ Refers to NPLs plus ROPA, gross and Restructured Loans, current
	5/ Refers to the ratio of LLR to NPLs
	6/ Refers to the ratio of valuation reserves (for Loans and ROPA) to NPAs
	7/ Refers to the ratio of Distressed Assets to TLP plus ROPA, 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