12  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
Universal and Commercial Banking System
as of end of periods indicated
in billion pesos
Selected Accounts					March-08 r/	Apr-08	May-08	Jun-08 r/	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08
	Asset Accounts 1/				4,436.770	4,472.326	4,545.853	4,667.295	4,533.628	4,665.791	4,722.532	4,828.658	4,901.499	5,034.954
	Cash and Due from Banks				669.671	648.877	653.104	701.966	615.050	660.928	726.218	738.384	678.575	759.571
	Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization)				1,137.758	1,107.200	1,112.088	1,152.427	1,132.381	1,185.493	1,207.357	1,272.532	1,267.845	1,314.461
		Financial Assets Held for Trading (HFT)			194.390	153.691	130.377	136.170	127.716	139.675	157.000	158.144	141.459	205.610
		Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect			17.352	14.900	11.480	13.473	13.443	14.574	14.660	11.812	11.782	11.589
		AFS Financial Assets, Net of Amortization			653.019	667.573	698.877	718.651	703.764	722.785	703.113	504.120	472.904	453.047
			AFS Debt Securities		634.341	649.832	679.277	697.879	683.019	630.727	680.613	487.633	456.558	437.700
			Unamortized Discount/Premium		13.814	13.158	14.578	15.692	15.927	87.124	17.510	11.378	11.050	10.011
			AFS-Debt Securities Net of Amortization		648.155	662.991	693.855	713.571	698.946	717.851	698.123	499.011	467.608	447.710
			AFS-Equity Securities		4.864	4.582	5.023	5.080	4.817	4.934	4.990	5.109	5.296	5.337
		Held-to-Maturity (HTM) Financial Assets			179.198	174.067	176.274	181.400	184.308	198.499	215.449	401.494	444.369	447.263
			Unamortized Discount/Premium		0.838	4.147	1.301	1.426	1.445	1.508	1.692	5.190	5.257	4.684
		HTM Financial Assets - Net of Amortization			180.036	178.214	177.575	182.825	185.753	200.007	217.141	406.683	449.625	451.946
		Unquoted Debt Securities Classified as Loans			96.276	96.315	97.459	104.955	105.023	112.585	119.314	195.391	195.909	195.776
			Unamortized Discount/Premium		(11.017)	(11.014)	(11.191)	(11.151)	(11.135)	(11.961)	(12.446)	(12.251)	(12.459)	(12.137)
		Unquoted Debt Securities Classified as Loans -Net of Amortization			85.259	85.301	86.268	93.804	93.888	100.624	106.867	183.140	183.450	183.639
		Investment in Non-Markeatable Equity Securities (INMES)			7.702	7.521	7.511	7.504	7.817	7.828	8.575	8.634	8.625	8.631
	Accumulated Market Gain (Losses) -Financial Assets				5.772	(8.750)	(16.770)	(32.098)	(24.451)	(12.662)	(22.752)	(38.104)	(30.690)	(13.321)
	Allowance for Credit Losses-Financial Assets				10.986	11.003	11.664	11.279	11.279	11.326	18.343	18.668	19.683	20.593
		Allowance for Credit Losses-AFS			2.223	2.167	1.812	0.505	0.502	0.500	5.367	4.556	5.586	5.655
		Allowance for Credit Losses-HTM			0.862	0.865	0.873	0.822	0.817	0.828	1.013	1.056	1.035	1.048
		Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans			5.179	5.202	6.214	7.039	7.046	7.083	7.929	8.969	8.980	9.765
		Allowance for Credit Losses- INMES			2.723	2.770	2.765	2.913	2.913	2.915	4.034	4.086	4.081	4.125
	Financial Assets -Net of Allowance for Credit Losses				1,132.544	1,087.447	1,083.654	1,109.050	1,096.651	1,161.504	1,166.263	1,215.760	1,217.473	1,280.547
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.				112.192	112.582	112.101	110.038	109.635	109.358	110.972	103.970	101.632	102.326
	Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent				0.616	0.616	0.616	0.574	0.574	0.574	0.574	0.574	0.574	0.610
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses)				111.577	111.966	111.485	109.464	109.061	108.784	110.398	103.396	101.058	101.716
	Total Loan Portfolio, gross (net of amortization)				2,142.527	2,243.875	2,315.348	2,359.230	2,332.411	2,365.242	2,343.282	2,374.326	2,486.524	2,519.636
		Loans and Receivables, gross (net of amortization)			1,932.539	2,002.352	2,061.858	2,073.404	2,077.071	2,137.217	2,148.466	2,194.813	2,209.820	2,289.020
		Loans to Bangko Sentral ng Pilipinas			0.200	0.717	2.732	0.768	4.955	0.136	0.171	2.029	0.069	0.000
		Interbank Loans Receivable			286.422	336.196	374.527	340.150	298.929	306.776	266.619	266.244	235.699	224.493
		Loans and Receivables -Others			1,654.531	1,674.155	1,693.351	1,742.494	1,783.302	1,840.107	1,891.807	1,936.920	1,984.565	2,074.789
			Unamortized Discount and Other Deferred Credits		8.615	8.715	8.753	10.008	10.115	9.802	10.131	10.380	10.514	10.262
		Loans and Receivables - Others - Net of Amortization			1,645.916	1,665.440	1,684.599	1,732.486	1,773.187	1,830.305	1,881.676	1,926.540	1,974.051	2,064.527
		Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions			209.988	241.523	253.490	285.825	255.340	228.025	194.815	179.514	276.704	230.615
	Allowance for Credit Losses-Loans				101.099	100.951	101.660	104.872	104.984	105.264	104.560	105.622	104.967	105.505
		Allowance for Credit Losses-Interbank Loans Receivable			0.005	0.005	0.015	0.080	0.149	0.158	1.228	1.227	1.227	1.696
		Allowance for Credit Losses-Loans and Receivables -Other			78.407	77.931	78.229	81.235	81.103	81.391	78.913	79.690	79.118	77.993
		Allowance for Credit Losses-LRARA			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		General Loan Loss Provision (GLLP)			22.686	23.015	23.416	23.558	23.732	23.715	24.419	24.705	24.621	25.816
	Total Loan Portfolio, Net of Allowance for Credit Losses				2,041.428	2,142.923	2,213.688	2,254.358	2,227.428	2,259.978	2,238.722	2,268.704	2,381.558	2,414.131
	Total ROPA				162.396	160.544	158.550	157.546	157.245	156.672	155.956	155.958	154.834	155.655
		Sales Contract Receivable			16.795	16.923	17.029	16.295	16.483	16.487	16.389	16.286	16.821	17.383
		Non-Current Assets Held for Sale			12.293	12.249	11.858	11.687	12.045	12.130	13.581	13.459	13.358	14.114
		Real and Other Properties Acquired			133.308	131.371	129.662	129.564	128.717	128.055	125.986	126.212	124.655	124.157
	Accumulated Depreciation				13.731	13.525	13.574	13.602	13.287	13.283	13.229	13.225	13.273	13.216
	Unamortized Discount and Other Deferred Credits				0.013	0.019	0.019	0.019	0.017	0.017	0.016	0.015	0.017	0.017
	Allowance for Losses - ROPA				12.073	11.875	11.973	12.072	12.239	12.451	13.844	13.957	14.001	15.237
		Allowance for Credit Losses- Sales Contract Receivable			0.381	0.145	0.144	0.147	0.145	0.144	0.143	0.138	0.137	0.154
		Allowance for Losses -Real and Other Properties Acquired			11.692	11.731	11.829	11.925	12.094	12.307	12.415	12.534	10.464	11.684
		Allowance for Credit Losses -Non Current Assets held for Sale			0.000	0.000	0.000	0.000	0.000	0.000	1.285	1.285	3.399	3.399
	ROPA, Net of Allowance for Losses				136.579	135.124	132.984	131.853	131.703	130.921	128.868	128.761	127.543	127.184
	Total Other Assets, Net				344.972	345.989	350.938	360.605	353.734	343.676	352.064	373.654	395.293	351.805
		Derivatives with Positive Fair Value Held for Hedging			0.030	0.035	0.041	0.043	0.039	0.059	0.134	0.278	0.041	0.009
		Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.408
		Goodwill			15.705	15.705	15.918	15.918	15.918	15.918	15.918	15.918	15.918	15.835
			Allowance for Losses		0.269	0.279	0.370	0.380	0.390	0.400	0.410	0.410	0.410	0.447
		Goodwill - Net			15.436	15.426	15.548	15.538	15.528	15.518	15.508	15.508	15.508	15.388
		Accrued Interest Income from Financial Assets			38.771	39.829	42.512	46.415	46.567	47.413	41.825	46.242	50.110	53.365
			Allowance for Credit Losses		5.843	5.892	5.896	5.930	5.948	5.961	5.281	5.407	5.467	4.937
		Accrued Interest Income from Financial Assets, net			32.928	33.937	36.616	40.485	40.619	41.451	36.544	40.835	44.643	48.428
		Bank Premises, Furniture, Fixture and Equipment			135.047	136.123	136.841	137.403	138.261	138.716	139.839	140.696	142.424	143.059
			Accumulated Depreciation		59.127	59.543	60.214	60.523	60.930	61.430	61.937	62.473	62.798	62.931
			Allowance for Losses		1.874	1.882	1.888	1.893	1.889	1.890	1.892	1.894	1.885	1.883
		Bank Premises, Furniture, Fixture and Equipment - Net			74.046	74.698	74.740	74.986	75.443	75.395	76.010	76.329	77.741	78.245
		Other Intangible Assets			3.300	3.373	3.960	4.009	4.107	4.168	4.220	4.571	4.628	5.053
			Accumulated Amortization		1.345	1.384	1.422	1.434	1.467	1.522	1.558	1.780	1.819	1.979
			Allowance for Losses		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Other Intangible Assets, net			1.955	1.988	2.538	2.575	2.640	2.646	2.662	2.791	2.809	3.074
		Deferred Tax Asset			40.243	41.420	42.661	42.016	42.248	42.217	43.682	44.492	43.726	42.236
		Due from FCDU/RBU			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Other Assets			202.216	201.810	202.180	208.152	200.627	189.616	198.402	215.380	233.145	187.290
			Allowance for Losses		21.881	23.326	23.386	23.189	23.410	23.226	20.877	21.960	22.320	23.273
		Other Assets - Net			180.334	178.484	178.794	184.963	177.217	166.390	177.525	193.420	210.825	164.017
	LIABILITIES AND CAPITAL				4,436.770	4,472.326	4,545.853	4,667.295	4,533.628	4,665.791	4,722.532	4,828.658	4,901.499	5,034.954
	Liability Accounts				3,916.915	3,959.729	4,040.290	4,179.309	4,032.073	4,154.902	4,208.791	4,338.758	4,401.957	4,513.980
	Financial Liabilities Held for Trading				41.309	37.019	49.716	54.700	40.419	46.632	47.805	56.715	47.563	46.689
	Financial Liabilities Designated at Fair Value through Profit or Loss				10.016	5.068	5.227	11.032	11.065	11.564	10.744	10.821	10.787	10.962
	Deposit Liabilities				3,121.688	3,180.016	3,216.515	3,297.073	3,287.774	3,346.714	3,450.053	3,532.682	3,594.475	3,702.909
		Peso			2,357.040	2,358.372	2,361.903	2,417.549	2,397.304	2,427.514	2,521.391	2,574.958	2,657.502	2,775.876
		Demand & NOW			548.599	547.465	552.473	569.875	579.705	583.973	593.658	603.200	621.698	627.607
		Savings Deposits			1,224.069	1,226.690	1,219.250	1,154.632	1,146.566	1,132.713	1,162.449	1,188.875	1,230.847	1,289.592
		Time Certificate of Deposits			565.153	565.041	571.029	673.465	651.422	686.228	740.684	758.109	780.156	833.865
		LTNCD			19.219	19.176	19.152	19.577	19.611	24.600	24.600	24.774	24.802	24.812
		Foreign Currency			764.648	821.644	854.611	879.523	890.470	919.200	928.662	957.724	936.973	927.033
	Bills Payable				381.226	375.020	377.648	425.974	327.011	331.490	314.497	343.044	319.622	321.661
		Deposit Substitutes			115.828	119.809	105.751	130.746	54.610	27.624	19.324	12.088	14.429	20.511
		Others			265.398	255.211	271.897	295.228	272.400	303.866	295.173	330.955	305.193	301.150
	Special Financing				0.008	0.008	0.008	0.008	0.008	0.008	0.007	0.007	0.007	0.007
		Time Certificate of Deposits  - SF			0.006	0.006	0.006	0.006	0.006	0.006	0.006	0.006	0.006	0.006
		Special Time Deposits			0.002	0.002	0.002	0.002	0.002	0.002	0.001	0.001	0.001	0.001
	Unsecured Subordinated Debt				82.593	82.982	93.802	84.897	78.756	79.622	86.507	92.573	92.534	90.886
			Unamortized Debt Discount/Premium		(0.265)	(0.325)	(0.314)	(0.221)	(0.212)	(0.206)	(0.200)	(0.250)	(0.240)	(0.235)
	Unsecured Subordinated Debt - Net				82.328	82.656	93.488	84.675	78.544	79.416	86.307	92.323	92.295	90.651
	Redeemable Preferred Shares				2.088	3.170	2.188	2.245	2.208	2.296	2.353	2.447	2.448	2.376
	Total Other Liabilities				278.251	276.771	295.501	303.602	285.045	336.782	297.026	300.718	334.761	338.725
		Due to Other Banks			13.611	15.682	13.637	16.545	9.755	15.093	15.584	19.133	11.536	16.571
		Bonds Payable			10.047	10.168	10.525	10.802	10.622	11.049	11.319	6.182	6.185	6.003
			Unamortized Bond Discount/Premium		(0.004)	(0.004)	(0.003)	(0.003)	(0.002)	(0.002)	(0.001)	0.000	0.000	0.000
		Bonds Payable - Net			10.043	10.165	10.522	10.799	10.619	11.047	11.319	6.182	6.185	6.003
		Financial Liabilities Associated with Transferred Assets			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Derivatives with Negative Fair Value Held for Hedging			0.516	0.500	0.524	0.633	0.693	0.630	0.734	1.081	0.861	1.308
		Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Accrued Interest Expense on Financial Liabilities			17.821	18.395	19.094	18.333	18.553	19.934	19.252	20.861	21.832	22.088
		Finance Lease Payment Payable			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Due to Treasurer of the Philippines			1.198	2.471	8.748	1.443	1.046	11.661	2.218	0.864	8.130	2.984
		Treasurer/Cashier/Manager's Checks			22.984	22.076	22.162	22.382	28.286	22.141	22.623	20.734	23.788	20.364
		Payment Orders Payable			3.717	3.045	3.034	3.098	2.381	2.588	2.686	3.046	2.533	3.274
		Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs			2.272	2.464	2.238	2.825	3.280	2.457	2.408	1.919	1.898	1.729
		Cash Letters of Credit			3.466	3.741	3.954	3.811	3.501	3.176	3.695	3.330	3.275	2.918
		Outstanding Acceptances Executed by or for Account of this Bank			7.720	9.207	10.088	9.870	11.765	10.041	9.758	6.812	5.844	4.934
		Due to Bangko Sentral ng Pilipinas			0.569	0.685	0.813	0.973	1.121	1.239	1.410	1.535	1.671	1.846
		Due to Philippine Deposit Insurance Corporation			0.384	0.498	0.590	0.713	0.247	0.392	0.548	0.652	0.780	0.910
		Due to Philippine Crop Insurance Corporation			0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.002	0.005
		Income Tax Payable			2.139	1.359	1.204	1.542	1.488	1.409	1.263	1.411	1.220	1.536
		Other Taxes and Licenses Payable			1.877	1.568	1.657	1.919	2.032	2.132	2.332	2.485	2.582	3.164
		Accrued Expenses			19.954	19.783	19.827	19.170	19.006	20.033	20.232	20.598	20.085	19.368
		Unearned Income			11.992	11.833	15.241	13.762	13.887	14.165	12.943	12.841	13.415	13.316
		Deferred Tax Liabilities			6.069	6.135	7.927	5.195	5.151	5.579	5.749	5.991	5.468	4.714
		Provisions			1.156	1.180	1.215	1.247	1.284	1.316	1.417	1.452	1.487	1.622
		Other Liabilities			134.133	129.198	127.952	145.673	133.134	147.009	138.496	133.837	158.230	186.502
		Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)			16.629	16.784	25.074	23.667	17.812	44.738	22.358	35.954	43.940	23.568
		Due to FCDU/RBU			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Capital Accounts				519.856	512.597	505.563	487.986	501.555	510.889	513.741	489.901	499.541	520.974
	Paid in Capital Stock				208.167	209.165	209.215	209.215	217.431	217.432	223.249	225.206	225.206	225.206
	Additional Paid-in Capital				38.419	39.420	39.502	41.541	41.541	41.544	41.544	41.544	41.545	41.545
	Other Equity Instruments				14.664	14.841	15.363	15.766	15.503	16.126	16.521	17.185	17.192	16.686
	Retained Earnings				152.308	157.052	154.232	143.227	138.324	133.107	131.613	130.049	129.607	143.327
	Stock Dividend Distributable				0.000	0.000	0.000	5.409	1.156	1.156	1.156	0.000	0.000	0.000
	Undivided Profits				16.460	13.087	16.053	18.799	22.251	26.383	25.766	25.175	26.524	18.118
	Other Comprehensive Income				6.131	(6.825)	(15.366)	(31.069)	(24.106)	(13.070)	(22.620)	(43.567)	(38.789)	(21.750)
	Appraisal Increment Reserve				1.963	1.963	1.959	1.959	1.958	1.958	1.958	1.908	1.908	1.908
	Treasury Stock				(0.020)	(1.670)	(1.670)	(1.695)	(1.695)	(1.695)	(1.695)	(1.695)	(1.695)	(1.695)
	Assigned Capital				20.972	20.972	20.972	20.972	21.623	21.623	22.008	22.008	22.008	22.008
	Net Due to HO/Br/Ag				60.792	64.594	65.304	63.861	67.568	66.323	74.240	72.088	76.036	75.621
	Key  Ratios
	Cash and Due from Banks to Deposits				21.45	20.40	20.30	21.29	18.71	19.75	21.05	20.90	18.88	20.51
	Liquid Assets to Deposits 2/				57.73	54.60	54.00	54.93	52.06	54.45	54.85	55.32	52.75	55.10
	Loans, gross to Deposits				68.63	70.56	71.98	71.56	70.94	70.67	67.92	67.21	69.18	68.04
	Capital Adequacy Ratio (CAR) 3/
			Solo Basis		14.46			14.34			14.61			14.81
			Consolidated Basis		15.66			15.47			15.70			15.69
	Total Capital Accounts to Total Assets 4/				11.76	11.53	11.17	10.50	11.11	11.00	10.93	10.20	10.24	10.39
	1/ Figures adjusted to net off the account "Due from Head Office" with "Due to Head Office" of branches of foreign banks
	2/ Ratio of Liquid Assets (Cash and Due from Banks + Financial Assets, Net of Allowance for Credit Losses) to Total Deposits
	3/ Based on the framework under Circular No. 280 dated 29 March 2001 which was formally adopted on 1 July 2001.  Effective 1 July 2003, the CARs of Universal and Commercial Banks (U/KBs), are based on combined credit and market risks under Circular No. dated 3 December 2002. The capital adequacy framework, covering U/KBs and their subsidiary banks and quasi-banks, was revised under Circular  No. 538 dated 2 June 2006 and was formally adopted on 1 July 2007.  The CAR computation for Thrift Banks, Rural and Cooperative Banks and Quasi-Banks that are not subsidiaries of U/KBs continue to be governed by Circular No. 280 and Circular No. 400 dated 1 September 2003.
	4/ Ratio of  Total Capital Accounts ( for ratio analysis  consists of Total Capital Accounts + Redeemable Preferred Shares) to Total Assets
	r/ Revised
	Note: Details may not add up to totals due to rounding-off
	Source : Supervisory Data Center, Supervision and Examination Sector
	Updated as of 04 March 2009