25  SELECTED ASSET QUALITY INDICATORS     
              Universal Banking System 1/            
              as of end of periods indicated            
              in billion pesos            
                           
  ACCOUNTS Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07
                             
  Levels  
  TOTAL ASSETS 3,551.919 3,489.705 3,589.994 3,606.941 3,533.705 3,580.246 3,554.126 3,510.645 3,600.249  3,551.20     3,691.76          3,770.25
  GROSS ASSETS 2/ 3,645.280 3,582.271 3,677.780 3,694.790 3,620.716 3,666.254 3,639.637 3,597.954 3,692.938  3,644.56     3,786.23          3,861.26
  TOTAL LOAN PORTFOLIO (TLP), GROSS  1,668.056 1,637.861 1,660.139 1,669.867 1,616.970 1,627.741 1,591.939 1,568.668 1,645.367  1,618.62     1,735.45          1,804.06
  LOAN LOSS RESERVES 78.383 77.650 74.225 74.691 73.898 72.872 72.339 74.124 78.672 79.456 79.691 77.167
  INTERBANK LOANS RECEIVABLES 314.331 309.564 304.351 276.173 292.155 305.815 250.993 224.377 246.677 178.018 194.343 231.662
  RESTRUCTURED LOANS(RL), GROSS 68.992 68.772 64.923 64.908 64.936 62.820 60.389 60.151 58.661 60.037 57.828 54.706
  RESTRUCTURED LOANS, CURRENT/PERFORMING 37.350 37.297 35.161 35.086 35.126 33.191 30.235 31.732 30.887 31.991 30.683 30.267
  NON-PERFORMING LOANS 3/ 99.956 98.498 92.524 93.267 89.742 86.990 85.446 86.737 88.879 90.196 90.315 84.217
  ROPOA, GROSS 155.869 154.325 148.261 146.736 145.851 144.729 142.272 141.320 145.845 144.278 143.847 141.194
  ALLOWANCE FOR ROPOA 14.978 14.916 13.561 13.158 13.114 13.137 13.173 13.185 14.017 13.909 14.779 13.843
  NON-PERFORMING ASSETS (NPA) 4/ 247.206 244.111 231.709 230.931 226.686 222.815 219.006 219.115 225.776 225.620 225.180 215.918
  ALLOWANCE ON NPA 93.361 92.566 87.786 87.849 87.012 86.009 85.511 87.309 92.689 93.365 94.471 91.009
  DISTRESSED ASSETS 5/ 293.175 290.121 275.946 275.089 270.719 264.909 257.954 259.788 265.612 266.464 264.846 255.677
  ROPOA, GROSS (Net of Performing SCR)  147.250 145.613 139.185 137.664 136.944 135.825 133.559 132.379 136.896 135.424 134.865 131.702
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 8.619 8.712 9.076 9.072 8.907 8.904 8.713 8.941 8.949 8.854 8.982 9.492
  PAST DUE LOANS 124.117 122.944 113.722 113.460 110.311 106.0 107.703 105.998 104.087 106.282 106.715 94.916
   
  Annual Growth Rates  
  TOTAL ASSETS 14.0 12.9 15.6 17.3 11.3 10.4 10.8 7.4 9.0 4.9 6.9 6.2
  GROSS ASSETS 2/ 12.4 11.4 13.9 15.6 10.1 9.3 9.5 6.2 7.8 4.1 6.2 5.9
  TOTAL LOAN PORTFOLIO (TLP), GROSS  7.9 6.5 8.4 12.3 5.8 8.4 6.1 0.8 4.5 0.6 6.5 6.6
  LOAN LOSS RESERVES (28.8) (26.1) (28.9) (27.1) (21.2) (23.1) (23.9) (29.0) (24.6) (18.9) (16.7) (7.4)
  INTERBANK LOANS RECEIVABLES 13.7 11.9 3.7 17.2 23.4 32.4 18.1 (4.1) 8.5 (23.7) (28.0) (23.4)
  RESTRUCTURED LOANS(RL), GROSS (22.4) (21.3) (25.9) (26.1) (24.9) (26.0) (28.9) (30.0) (31.3) (28.9) (31.3) (21.1)
  RESTRUCTURED LOANS, CURRENT/PERFORMING (10.5) (8.5) (17.8) (19.7) (18.9) (21.3) (29.8) (26.8) (28.0) (17.1) (24.9) (22.9)
  NON-PERFORMING LOANS 3/ (29.7) (27.0) (31.3) (29.9) (27.1) (26.9) (28.2) (32.3) (30.1) (27.4) (26.6) (17.4)
  ROPOA, GROSS (12.1) (14.4) (15.5) (16.2) (16.9) (15.3) (18.3) (17.8) (14.6) (16.2) (13.2) (9.7)
  ALLOWANCE FOR ROPOA (20.1) (25.8) (26.5) (29.4) (33.7) (24.1) (30.4) (20.5) (22.0) (22.6) (6.8) (5.6)
  NON-PERFORMING ASSETS (NPA) 4/ (20.8) (20.7) (23.5) (23.2) (22.2) (21.1) (23.4) (25.0) (22.2) (21.4) (19.3) (13.3)
  ALLOWANCE ON NPA (27.5) (26.1) (28.6) (27.4) (23.4) (23.2) (25.0) (27.9) (24.2) (19.5) (15.3) (7.1)
  DISTRESSED ASSETS 5/ (18.8) (18.5) (21.8) (21.8) (20.8) (20.2) (23.3) (24.3) (22.1) (20.5) (19.6) (14.1)
  ROPOA, GROSS (Net of Performing SCR)  (13.4) (15.8) (17.3) (17.9) (18.6) (16.9) (19.9) (19.4) (16.0) (16.8) (13.5) (10.5)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 19.9 19.7 26.5 23.1 22.8 20.2 16.1 16.3 14.1 (7.2) (7.9) 4.4
  PAST DUE LOANS (13.0) (13.9) (19.5) (20.0) (19.5) (24.1) (20.5) (22.8) (25.4) (26.5) (25.4) (20.8)
   
  Selected Ratios  (%)  
   
       Past Due Ratio 7.3 7.4 6.8 7.8 6.7 6.4 6.7 6.7 6.3 6.5 6.1 5.2
       RL to TLP 4.1 4.2 3.9 3.9 4.0 3.9 3.8 3.8 3.6 3.7 3.3 3.0
       LLR to TLP 4.7 4.7 4.5 4.5 4.6 4.5 4.5 4.7 4.8 4.9 4.6 4.3
       NPL Ratio (inclusive of IBL) 6.0 6.0 5.6 5.6 5.6 5.3 5.4 5.5 5.4 5.6 5.2 4.7
       NPL Ratio (exclusive of IBL) 7.4 7.4 6.8 6.8 6.8 6.6 6.4 6.5 6.4 6.3 5.9 5.4
       NPL Coverage 6/ 78.4 78.8 80.2 80.1 82.3 83.8 84.7 85.5 88.5 88.1 88.2 91.6
       NPA to Gross Assets  6.8 6.8 6.3 6.3 6.3 6.1 6.0 6.1 6.1 6.2 5.9 5.6
       NPA Coverage 7/ 37.8 37.9 37.9 38.0 38.4 38.6 39.0 39.8 41.1 41.4 42.0 42.1
       Distressed Assets 8/ 16.1 16.2 15.3 15.1 15.4 14.9 14.9 15.2 14.8 15.1 14.1 13.1
                             
   
  1/ Inclusive of branches of foreign banks and government banks with universal banking license  
  2/ Refers to Total Assets, net of reserves plus Loan Loss Reserves (LLR) plus provision for ROPOA  
  3/ As defined per BSP Circular No. 202 dated 27 May 1999 amended by BSP Circular No. 351 dated 19 September 2002  
  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