16   SELECTED ASSET QUALITY INDICATORS     
              Universal and Commercial Banking System            
              as of end of periods indicated            
              in billion pesos            
   
  ACCOUNTS Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08
                             
  Levels  
  TOTAL ASSETS 4,315.354 4,285.234 4,367.677 4,391.084 4,302.135 4,357.389 4,360.127 4,300.248 4,303.460 4,264.194 4,407.910        4,488.279
  GROSS ASSETS 1/ 4,422.964 4,392.055 4,470.189 4,493.631 4,404.404 4,458.871 4,461.364 4,403.110 4,410.179 4,371.510 4,516.424        4,593.868
  TOTAL LOAN PORTFOLIO (TLP), GROSS  2,076.019 2,058.720 2,060.381 2,091.082 2,007.541 2,003.757 1,974.123 1,953.734 2,000.362 1,982.828 2,107.865        2,194.780
  LOAN LOSS RESERVES 92.119 91.386 88.305 88.775 88.521 87.582 87.301 88.912 92.110 92.812 93.139             91.123
  INTERBANK LOANS RECEIVABLES 417.627 423.905 407.867 381.885 396.283 395.331 357.182 322.062 354.789 279.139 314.128           341.412
  RESTRUCTURED LOANS(RL), GROSS 79.653 79.502 75.731 75.811 75.297 73.446 71.190 70.579 69.279 70.626 68.360             65.381
  RESTRUCTURED LOANS, CURRENT/PERFORMING 45.936 45.946 43.752 42.477 41.946 40.366 37.868 38.959 38.346 39.555 38.346             38.132
  NON-PERFORMING LOANS 2/ 115.262 114.474 108.695 110.221 106.991 104.372 102.358 103.248 103.852 104.933 105.224             97.634
  ROPOA, GROSS 170.058 168.793 162.698 161.068 163.114 162.107 159.572 158.642 158.120 156.304 155.865           153.348
  ALLOWANCE FOR ROPOA 15.491 15.435 14.207 13.773 13.749 13.901 13.936 13.949 14.610 14.504 15.375             14.465
  NON-PERFORMING ASSETS (NPA) 3/ 274.664 272.607 260.435 260.335 259.205 255.605 251.197 250.987 251.056 250.743 250.393           239.737
  ALLOWANCE ON NPA 107.423 107.232 102.512 102.548 102.270 101.482 101.237 102.862 106.719 107.316 108.514           105.589
  DISTRESSED ASSETS 4/ 331.257 329.214 315.145 313.766 312.051 306.844 299.798 300.850 300.318 300.792 299.435           289.114
  ROPOA, GROSS (Net of Performing SCR)  159.402 158.133 151.740 150.114 152.214 151.233 148.839 147.739 147.204 145.810 145.169           142.103
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 10.656 10.661 10.958 10.954 10.900 10.873 10.733 10.903 10.916 10.494 10.696             11.245
  PAST DUE LOANS 143.949 142.048 133.043 133.928 130.628 126.832 127.777 125.641 121.754 124.031 124.734           111.400
   
  Annual Growth Rates  
  TOTAL ASSETS 12.9 12.5 14.0 15.3 9.3 8.4 9.4 7.9 7.4 4.1 5.0 4.6
  GROSS ASSETS 1/ 11.5 11.1 12.6 13.9 8.4 7.5 8.4 6.9 6.4 3.4 4.5 4.4
  TOTAL LOAN PORTFOLIO (TLP), GROSS  8.7 7.6 8.1 12.0 4.7 6.0 3.8 2.1 3.8 (0.1) 4.1 5.9
  LOAN LOSS RESERVES (26.5) (24.2) (26.4) (24.9) (19.2) (20.8) (20.6) (24.7) (21.8) (16.9) (14.9) (6.1)
  INTERBANK LOANS RECEIVABLES 18.0 17.6 7.7 18.5 21.8 22.4 16.2 (1.4) 7.9 (17.0) (13.0) (15.3)
  RESTRUCTURED LOANS(RL), GROSS (21.1) (20.0) (24.0) (24.4) (23.8) (24.8) (27.0) (27.0) (28.0) (25.8) (27.8) (18.2)
  RESTRUCTURED LOANS, CURRENT/PERFORMING (10.0) (5.8) (16.1) (20.5) (20.4) (22.4) (28.1) (23.7) (24.5) (15.0) (21.4) (19.5)
  NON-PERFORMING LOANS 2/ (28.5) (25.4) (28.8) (27.0) (24.2) (23.6) (24.9) (28.4) (27.4) (25.6) (24.7) (16.8)
  ROPOA, GROSS (12.3) (14.3) (15.4) (18.1) (15.2) (12.7) (16.5) (14.8) (13.6) (16.2) (13.5) (10.0)
  ALLOWANCE FOR ROPOA (22.8) (28.0) (28.2) (36.4) (33.1) (25.1) (30.7) (19.7) (21.1) (21.6) (6.2) (4.6)
  NON-PERFORMING ASSETS (NPA) 3/ (20.5) (20.0) (22.4) (64.1) (20.0) (18.8) (20.9) (21.7) (21.1) (20.6) (18.7) (13.3)
  ALLOWANCE ON NPA (26.2) (24.5) (26.7) (26.7) (21.4) (21.4) (22.2) (24.1) (21.7) (17.6) (13.7) (5.9)
  DISTRESSED ASSETS 4/ (18.4) (17.5) (20.7) (21.8) (19.2) (18.5) (21.1) (21.1) (20.7) (19.6) (18.8) (13.7)
  ROPOA, GROSS (Net of Performing SCR)  (13.5) (15.6) (17.0) (25.4) (16.8) (10.7) (18.0) (16.3) (16.0) (16.6) (13.7) (10.7)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 11.5 10.6 15.3 122.0 15.9 (33.3) 10.0 12.6 11.0 (10.5) (10.1) 22.8
  PAST DUE LOANS (12.8) (13.9) (18.4) (18.0) (17.8) (21.4) (19.0) (19.6) (23.5) (24.8) (23.5) (20.1)
   
  Selected Ratios  (%)  
   
       Past Due Ratio 6.9 6.8 6.4 6.3 6.4 6.3 6.4 6.4 6.0 6.2 5.9               5.100
       RL to TLP 3.8 3.9 3.7 3.6 3.8 3.7 3.6 3.6 3.5 3.6 3.2               3.000
       LLR to TLP 4.4 4.4 4.3 4.2 4.4 4.4 4.4 4.6 4.6 4.7 4.4               4.200
       NPL Ratio (inclusive of IBL) 5.6 5.6 5.3 5.3 5.3 5.2 5.2 5.3 5.2 5.3 5.0               4.400
       NPL Ratio (exclusive of IBL) 7.0 7.0 6.6 6.4 6.6 6.5 6.3 6.3 6.3 6.2 5.9               5.300
       NPL Coverage 5/ 79.9 79.8 81.2 80.5 82.7 83.9 85.3 86.1 88.7 88.4 88.5             93.300
       NPA to Gross Assets  6.2 6.2 5.8 5.8 5.9 5.7 5.6 5.7 5.7 5.7 5.5               5.200
       NPA Coverage 6/ 39.1 39.3 39.4 39.4 39.5 39.7 40.3 41.0 42.5 42.8 43.3             44.000
       Distressed Assets 7/ 14.7 14.8 14.2 13.9 14.4 14.2 14.1 14.2 13.9 14.1 13.2             12.300
                             
   
  1/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPOA
  2/ As defined per BSP Circular No. 202 dated 27 May 1999 amended by BSP Circular No. 351   dated 19 September 2002
  3/ Refers to NPLs plus ROPOA as defined per BSP Circular No. 351 and 380, respectively
  4/ Refers to NPLs plus ROPOA, gross and Restructured Loans, performing.
  5/ Refers to the ratio of LLR to NPLs
  6/ Refers to the ratio of valuation reserves (for Loans and ROPOA) to NPAs
  7/ 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 1 April 2008