34   SELECTED ASSET QUALITY INDICATORS       
              Commercial 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 763.436 795.529 777.683 784.143 768.430 777.143 806.001 789.603 703.211 712.997 716.148 718.030  
  GROSS ASSETS 2/ 777.684 809.784 792.409 798.841 783.688 792.617 821.726 805.156 717.241 726.948 730.191 732.609  
  TOTAL LOAN PORTFOLIO (TLP), GROSS 407.964 420.859 400.242 421.215 390.570 376.017 382.184 385.066 354.995 364.212 372.418 390.718  
  LOAN LOSS RESERVES 13.736 13.736 14.080 14.084 14.623 14.710 14.962 14.788 13.437 13.356 13.448 13.956  
  INTERBANK LOANS RECEIVABLES 103.297 114.341 103.516 105.712 104.128 89.516 106.189 97.685 108.111 101.122 119.785 109.750  
  RESTRUCTURED LOANS(RL), GROSS 10.661 10.730 10.809 10.903 10.362 10.626 10.801 10.427 10.618 10.589 10.532 10.675  
  RESTRUCTURED LOANS, CURRENT/PERFORMING 8.586 8.649 8.591 7.391 6.821 7.175 7.633 7.227 7.459 7.564 7.663 7.865  
  NON-PERFORMING LOANS 3/ 15.306 15.976 16.171 16.954 17.249 17.382 16.912 16.512 14.972 14.737 14.909 13.417  
  ROPOA, GROSS 14.189 14.468 14.437 14.332 17.263 17.378 17.300 17.323 12.275 12.026 12.018 12.154  
  ALLOWANCE FOR ROPOA 0.513 0.519 0.646 0.615 0.635 0.764 0.764 0.764 0.593 0.595 0.595 0.623  
  NON-PERFORMING ASSETS (NPA) 4/ 27.459 28.496 28.726 29.405 32.519 32.790 32.191 31.872 25.280 25.123 25.213 23.819  
  ALLOWANCE ON NPA 14.061 14.666 14.726 14.699 15.258 15.474 15.725 15.553 14.030 13.951 14.043 14.579  
  DISTRESSED ASSETS 5/ 38.082 39.093 39.199 38.677 41.332 41.935 41.845 41.061 34.706 34.328 34.589 33.437  
  ROPOA, GROSS (Net of Performing SCR) 12.152 12.520 12.555 12.451 15.270 15.408 15.279 15.360 10.308 10.386 10.304 10.401  
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 2.037 1.949 1.882 1.882 1.993 1.970 2.020 1.963 1.967 1.640 1.714 1.753  
  PAST DUE LOANS 19.832 19.104        19.321 20.468 20.318         20.865 20.074 19.643 17.667 17.749 18.019 16.483  
   
  Annual Growth Rates  
  TOTAL ASSETS 7.9 10.5 7.5 7.0 1.2 0.0 3.6 10.2 (0.2) 0.2 (3.67) (3.00)  
  GROSS ASSETS 2/ 7.4 9.9 7.0 6.5 1.0 (0.2) 3.5 10.2 (0.2) 0.1 (3.63) (2.89)  
  TOTAL LOAN PORTFOLIO (TLP), GROSS 12.0 12.3 6.9 10.8 0.4 (3.3) (5.0) 7.6 0.6 (3.1) (5.72) 2.50  
  LOAN LOSS RESERVES (10.5) (11.3) (9.7) (10.9) (7.2) (7.1) 0.3 8.4 (0.3) (2.4) (2.40) 1.78  
  INTERBANK LOANS RECEIVABLES 33.7 36.7 21.2 22.1 17.7 (2.7) 12.1 5.4 6.5 (2.0) 31.61 8.99  
  RESTRUCTURED LOANS(RL), GROSS (11.2) (9.9) (10.8) (12.2) (16.3) (17.1) (14.3) (3.0) (1.7) (1.4) (0.75) 0.27  
  RESTRUCTURED LOANS, CURRENT/PERFORMING (8.0) 7.7 (8.4) (24.2) (27.0) (27.2) (20.1) (6.2) (5.3) (5.1) (3.29) (2.88)  
  NON-PERFORMING LOANS 3/ (19.1) (13.4) (10.1) (5.4) (4.5) (0.8) (2.3) 1.9 (5.7) (11.8) (10.90) (13.32)  
  ROPOA, GROSS (15.0) (13.7) (14.7) (16.1) 2.1 17.8 2.0 21.7 (13.5) (15.4) (16.64) (13.43)  
  ALLOWANCE FOR ROPOA (61.2) (60.7) (51.1) (52.0) (17.2) (39.3) (35.9) (2.0) 8.4 12.6 13.18 25.83  
  NON-PERFORMING ASSETS (NPA) 4/ (17.4) (13.3) (11.8) (10.0) (0.9) 1.6 0.6 12.1 (10.0) (12.6) (13.07) (13.05)  
  ALLOWANCE ON NPA (15.7) (12.8) (12.9) (13.9) (7.7) (9.5) (2.4) 7.8 0.1 (1.8) (1.83) 2.62  
  DISTRESSED ASSETS 5/ (15.3) (9.6) (11.5) (13.6) (6.7) (5.5) (4.5) 7.6 (8.6) (11.8) (11.48) (11.11)  
  ROPOA, GROSS (Net of Performing SCR) (15.2) (13.1) (14.0) (15.6) 3.5 192.8 3.9 25.6 15.6 15.6 (16.03) (12.69)  
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) (14.0) (17.4) (19.1) (19.1) (7.3) (79.2) (10.3) (1.8) 1.2 1.2 (20.12) (17.56)  
  PAST DUE LOANS (11.6) (13.5) (11.2) (5.4) (7.2) (4.4) (10.1) 4.6 (9.7) (12.6) (9.65) (15.78)  
   
  Selected Ratios  (%)  
   
       Past Due Ratio 4.8 4.5 4.8 4.9 5.2 5.5 5.2 5.1 5.0 4.9 4.8 4.2  
       RL to TLP 2.6 2.5 2.7 2.6 2.7 2.8 2.8 2.7 3.0 2.9 2.8 2.7  
       LLR to TLP 3.4 3.3 3.5 3.3 3.7 3.9 3.9 3.8 3.8 3.7 3.6 3.6  
       NPL Ratio (inclusive of IBL) 3.8 3.8 4.0 4.0 4.4 4.6 4.4 4.3 4.2 4.0 4.0 3.4  
       NPL Ratio (exclusive of IBL) 5.0 5.2 5.4 5.4 6.0 6.1 6.1 5.7 6.1 5.6 5.9 4.8  
       NPL Coverage 6/ 89.7 86.0 87.1 83.1 84.8 84.6 88.5 89.6 89.7 90.6 90.2 104.0  
       NPA to Gross Assets  3.5 3.5 3.6 3.7 4.1 4.1 3.9 4.0 3.5 3.5 3.5 3.3  
       NPA Coverage 7/ 51.2 51.5 51.3 50.0 46.9 47.2 48.9 48.8 55.5 55.5 55.7 61.2  
       Distressed Assets 8/ 9.0 9.0 9.5 8.9 10.1 10.7 10.5 10.2 9.4 9.1 9.0 8.3  
                               
   
  1/ Inclusive of other branches/subsidiaries of foreign banks  
  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