6   SELECTED PERFORMANCE RATIOS
	Philippine Banking System
	for the periods indicated
	in percent
		2007
		Mar	June r/	Sept r/	Dec r/
	Annual Growth Rates
	Balance Sheet
	Total Assets	15.8	10.0	8.7	5.5
	Cash and Due From Banks	90.8	76.6	62.2	18.5
	Interbank Loans Receivable	14.8	25.2	15.4	(10.2)
	Loans, gross (exclusive of IBL)	11.3	8.3	6.2	7.2
	Allowance for Probable Losses	(15.1)	(14.6)	(15.8)	(12.9)
	Loans, net (exclusive of IBL)	13.2	9.9	7.7	8.3
	Investments, net	5.2	(2.8)	(1.6)	(1.9)
	ROPA, net	(8.8)	(8.5)	(10.4)	(8.9)
	Other Assets 1/	5.3	(3.0)	(0.8)	0.9
	Total Liabilities	17.2	10.0	8.9	5.5
	Deposits	22.5	13.9	7.8	4.8
	Bills Payable	(14.8)	(17.1)	16.9	9.4
	Special Financing	(8.6)	(15.3)	(10.3)	(13.0)
	Unsecured Subordinated Debt	42.2	34.7	10.7	8.4
	Other Liabilities	5.8	1.9	10.8	8.0
	Total Capital Accounts	6.3	10.4	7.5	5.8
	Income Statement
	Total Operating Income	9.9	14.7	11.5	21.6
	Net Interest Income	13.1	9.6	12.2	30.9
	Non-Interest Income	5.2	24.4	10.2	8.5
	Operating Expenses	10.7	14.3	15.0	8.0
	Bad Debts / Provisions for Probable Losses	11.9	37.3	28.0	(11.7)
	Other Operating Expenses	10.5	11.3	13.2	11.3
	Net Operating Income	7.5	15.7	1.5	9.3
	Extraordinary Credits/(Charges)	49.2	27.0	23.1	32.8
	Net Income After Tax (NIAT)	14.4	20.9	5.2	9.5
	Key Financial Ratios
	NPL Ratio (inclusive of IBL)	5.7	5.7	5.7	4.9
	NPL Ratio (exclusive of IBL)	7.0	7.0	6.8	5.8
	NPA to Gross Assets	6.5	6.4	6.4	5.8
	Cash and Due from Banks to Deposits	20.2	20.3	20.9	20.5
	Liquid Assets to Deposits	52.9	57.4	58.4	52.0
	Loans, gross to Deposits	67.3	65.1	68.2	71.0
	Earning Asset Yield * 2/	8.8	8.6	8.8	8.3
	Funding Cost * 3/	3.9	3.7	3.7	3.4
	Interest Spread * 4/	5.0	4.9	5.1	5.0
	Net Interest Margin * 5/	4.6	4.6	4.8	4.6
	Net Interest Income to Total Operating Income	63.4	61.8	63.5	63.0
	Cost to Income Ratio * 6/	66.4	65.5	67.1	68.3
	Return on Assets	1.3	1.3	1.3	1.3
	Return on Equity	10.7	11.7	10.8	10.7
	Capital Adequacy Ratio (CAR) 7/
	Solo Basis	17.7	17.5	14.7	14.7
	Consolidated Basis	18.8	18.8	15.7	15.7
	Total Capital Accounts to Total Assets	11.5	11.4	11.6	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 27 March 2009