3  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
Philippine Banking System
as of end of periods indicated
in billion pesos
Selected Accounts					March-08 r/	Jun-08 r/	Sep-08	Dec-08
	Asset Accounts 1/				5,088.345	5,322.995	5,378.152	5,675.681
	Cash and Due from Banks				762.903	790.587	810.514	834.879
	Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization)				1,211.316	1,232.911	1,288.881	1,403.678
		Financial Assets Held for Trading (HFT)			195.204	137.517	158.636	207.831
		Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect			17.490	13.725	15.148	12.084
		AFS Financial Assets, Net of Amortization			691.937	760.771	743.790	495.674
			AFS Debt Securities		671.822	738.339	719.606	478.379
			Unamortized Discount/Premium		14.415	16.923	18.862	11.502
			AFS-Debt Securities Net of Amortization		686.237	755.261	738.468	489.880
			AFS-Equity Securities		5.700	5.510	5.322	5.794
		Held-to-Maturity (HTM) Financial Assets			205.364	210.877	246.806	483.302
			Unamortized Discount/Premium		1.167	1.757	2.034	5.251
		HTM Financial Assets - Net of Amortization			206.532	212.634	248.840	488.553
		Unquoted Debt Securities Classified as Loans			103.721	112.170	126.569	203.240
			Unamortized Discount/Premium		(11.518)	(11.614)	(12.878)	(12.535)
		Unquoted Debt Securities Classified as Loans -Net of Amortization			92.204	100.555	113.691	190.704
		Investment in Non-Markeatable Equity Securities (INMES)			7.950	7.709	8.776	8.832
	Accumulated Market Gain (Losses) -Financial Assets				5.839	(33.654)	(23.556)	(13.935)
	Allowance for Credit Losses-Financial Assets				11.362	11.719	18.823	21.143
		Allowance for Credit Losses-AFS			2.347	0.583	5.445	5.735
		Allowance for Credit Losses-HTM			0.938	0.932	1.162	1.222
		Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans			5.249	7.142	8.033	9.912
		Allowance for Credit Losses- INMES			2.828	3.062	4.183	4.274
	Financial Assets -Net of Allowance for Credit Losses				1,205.793	1,187.538	1,246.502	1,368.601
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.				113.043	110.926	111.863	103.192
	Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent				0.711	0.693	0.670	0.659
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses)				112.332	110.233	111.192	102.533
	Total Loan Portfolio, gross (net of amortization)				2,547.924	2,767.353	2,752.667	2,924.443
		Loans and Receivables, gross (net of amortization)			2,322.811	2,466.714	2,549.569	2,686.872
		Loans to Bangko Sentral ng Pilipinas			4.750	6.462	8.145	2.465
		Interbank Loans Receivable			324.387	361.472	279.871	241.688
		Loans and Receivables -Others			2,008.295	2,115.130	2,278.333	2,459.920
			Unamortized Discount and Other Deferred Credits		14.621	16.350	16.780	17.201
		Loans and Receivables - Others - Net of Amortization			1,993.674	2,098.779	2,261.553	2,442.719
		Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions			225.113	300.639	203.098	237.570
	Allowance for Credit Losses-Loans				117.199	121.501	122.178	123.124
		Allowance for Credit Losses-Interbank Loans Receivable			0.005	0.080	1.228	1.696
		Allowance for Credit Losses-Loans and Receivables -Other			90.783	94.182	93.012	92.055
		Allowance for Credit Losses-LRARA			0.000	0.000	0.000	0.000
		General Loan Loss Provision (GLLP)			26.411	27.240	27.938	29.373
	Total Loan Portfolio, Net of Allowance for Credit Losses				2,430.725	2,645.852	2,630.489	2,801.319
	Total ROPA				206.328	202.874	204.112	195.330
		Sales Contract Receivable			26.054	25.470	25.294	23.347
		Non-Current Assets Held for Sale			14.666	13.839	15.723	15.955
		Real and Other Properties Acquired			165.607	163.565	163.095	156.028
	Accumulated Depreciation				14.561	14.468	14.162	14.188
	Unamortized Discount and Other Deferred Credits				0.089	0.117	0.125	0.127
	Allowance for Losses - ROPA				14.470	14.511	16.519	17.113
		Allowance for Credit Losses- Sales Contract Receivable			0.415	0.179	0.175	0.187
		Allowance for Losses -Real and Other Properties Acquired			14.056	14.333	15.059	13.527
		Allowance for Credit Losses -Non Current Assets held for Sale			0.000	0.000	1.285	3.399
	ROPA, Net of Allowance for Losses				177.207	173.776	173.306	163.901
	Total Other Assets, Net				399.385	415.008	406.148	404.448
		Derivatives with Positive Fair Value Held for Hedging			0.030	0.043	0.134	0.009
		Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk			0.014	0.017	0.005	0.412
		Goodwill			15.893	16.105	16.105	16.399
			Allowance for Losses		0.269	0.380	0.410	0.447
		Goodwill - Net			15.624	15.726	15.696	15.952
		Accrued Interest Income from Financial Assets			44.581	52.709	47.657	60.189
			Allowance for Credit Losses		7.471	7.655	6.950	6.520
		Accrued Interest Income from Financial Assets, net			37.110	45.054	40.706	53.669
		Bank Premises, Furniture, Fixture and Equipment			158.013	160.722	163.391	166.502
			Accumulated Depreciation		66.160	67.632	69.143	69.973
			Allowance for Losses		1.906	1.938	1.936	1.913
		Bank Premises, Furniture, Fixture and Equipment - Net			89.947	91.153	92.312	94.616
		Other Intangible Assets			3.661	4.473	4.726	5.894
			Accumulated Amortization		1.367	1.465	1.594	2.277
			Allowance for Losses		0.000	0.000	0.000	0.000
		Other Intangible Assets, net			2.294	3.009	3.132	3.617
		Deferred Tax Asset			45.514	47.480	49.450	47.369
		Due from FCDU/RBU			0.000	0.000	0.000	0.000
		Other Assets			232.937	238.215	228.110	213.877
			Allowance for Losses		24.086	25.690	23.395	25.073
		Other Assets - Net			208.852	212.525	204.714	188.804
	LIABILITIES AND CAPITAL				5,088.345	5,322.994	5,378.152	5,675.681
	Liability Accounts				4,485.380	4,753.199	4,781.052	5,076.702
	Financial Liabilities Held for Trading				41.309	54.700	47.805	46.689
	Financial Liabilities Designated at Fair Value through Profit or Loss				10.016	11.032	10.744	10.962
	Deposit Liabilities				3,606.403	3,809.673	3,958.940	4,195.066
		Peso			2,798.819	2,879.069	2,978.854	3,217.317
		Demand & NOW			586.138	610.123	631.894	666.974
		Savings Deposits			1,415.905	1,349.149	1,356.932	1,475.788
		Time Certificate of Deposits			775.956	898.618	963.827	1,048.142
		LTNCD			20.820	21.178	26.201	26.413
		Foreign Currency			807.584	930.605	980.086	977.749
	Bills Payable				430.505	451.307	341.507	357.473
		Deposit Substitutes			117.088	132.540	21.838	22.615
		Others			313.417	318.766	319.669	334.858
	Special Financing				0.148	0.141	0.130	0.100
		Time Certificate of Deposits  - SF			0.086	0.086	0.086	0.056
		Special Time Deposits			0.061	0.054	0.044	0.044
	Unsecured Subordinated Debt				85.448	87.779	89.409	93.792
			Unamortized Debt Discount/Premium		(0.265)	(0.221)	(0.200)	(0.235)
	Unsecured Subordinated Debt - Net				85.183	87.558	89.209	93.557
	Redeemable Preferred Shares				2.126	2.278	2.385	2.408
	Total Other Liabilities				309.689	336.510	330.333	370.448
		Due to Other Banks			13.687	16.582	15.607	16.602
		Bonds Payable			10.047	10.802	11.319	6.003
			Unamortized Bond Discount/Premium		(0.004)	(0.003)	(0.001)	0.000
		Bonds Payable - Net			10.043	10.799	11.319	6.003
		Financial Liabilities Associated with Transferred Assets			0.000	0.000	0.000	0.000
		Derivatives with Negative Fair Value Held for Hedging			0.516	0.656	0.794	1.424
		Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk			0.000	0.000	0.000	0.000
		Accrued Interest Expense on Financial Liabilities			24.061	25.086	26.267	28.420
		Finance Lease Payment Payable			0.002	0.002	0.001	0.001
		Due to Treasurer of the Philippines			1.239	1.484	2.261	3.025
		Treasurer/Cashier/Manager's Checks			25.265	25.198	25.182	22.899
		Payment Orders Payable			3.923	3.171	2.851	3.358
		Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs			2.272	2.825	2.408	1.729
		Cash Letters of Credit			3.466	3.811	3.695	2.918
		Outstanding Acceptances Executed by or for Account of this Bank			7.720	9.870	9.758	4.934
		Due to Bangko Sentral ng Pilipinas			0.639	1.056	1.653	2.156
		Due to Philippine Deposit Insurance Corporation			1.115	1.467	1.300	1.702
		Due to Philippine Crop Insurance Corporation			0.002	0.002	0.002	0.005
		Income Tax Payable			2.468	1.911	1.619	1.775
		Other Taxes and Licenses Payable			2.142	2.168	2.576	3.430
		Accrued Expenses			23.698	22.657	23.887	22.629
		Unearned Income			15.323	17.002	16.024	15.819
		Deferred Tax Liabilities			6.228	5.376	5.930	4.874
		Provisions			1.160	1.258	1.433	1.649
		Other Liabilities			148.093	160.463	153.407	201.528
		Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)			16.629	23.667	22.358	23.568
		Due to FCDU/RBU			0.000	0.000	0.000	0.000
	Capital Accounts				602.965	569.795	597.100	598.979
	Paid in Capital Stock				266.913	269.540	284.265	284.158
	Additional Paid-in Capital				46.133	49.357	49.503	46.749
	Other Equity Instruments				14.664	15.766	16.521	16.686
	Retained Earnings				164.722	153.822	141.538	151.738
	Stock Dividend Distributable				1.339	6.243	2.010	0.239
	Undivided Profits				18.138	21.479	29.118	23.041
	Other Comprehensive Income				6.239	(32.604)	(23.388)	(22.501)
	Appraisal Increment Reserve				3.082	3.138	3.063	3.018
	Treasury Stock				(0.029)	(1.779)	(1.779)	(1.779)
	Assigned Capital				20.972	20.972	22.008	22.008
	Net Due to HO/Br/Ag				60.792	63.861	74.240	75.621
	Key  Ratios
	Cash and Due from Banks to Deposits				21.15	20.75	20.47	19.90
	Liquid Assets to Deposits 2/				54.59	51.92	51.96	52.53
	Loans, gross to Deposits				70.65	72.64	69.53	69.71
	Capital Adequacy Ratio (CAR) 3/
			Solo Basis		14.59	14.32	14.57	14.74
			Consolidated Basis		15.54	15.31	15.54	15.53
	Total Capital Accounts to Total Assets 4/				11.89	10.75	11.15	10.60
	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