3 Balance Sheet                      
                         
                         
  Philippine Banking System                      
  as of end of periods indicated                      
  amounts in thousand Pesos                      
                         
   
  Selected Accounts Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08  
   
  TOTAL ASSETS  5,088,344,895.78 5,132,854,730.73 5,212,941,122.36 5,322,994,324.58 5,189,504,798.44 5,321,511,976.77 5,378,151,733.96 5,475,283,235.15 5,553,480,603.18 5,675,680,813.66  
  CASH AND DUE FROM BANKS 762,903,082.16 734,263,445.63 735,840,808.54 790,587,104.30 699,887,596.15 745,251,973.47 810,514,060.06 817,731,369.54 747,902,013.85 834,879,212.03  
  TLP (INCLUSIVE OF IBL AND RRPs) , NET  2,430,724,690.65 2,546,839,725.03 2,625,799,450.07 2,645,851,781.12 2,622,545,085.01 2,655,238,674.64 2,630,488,876.68 2,654,928,098.92 2,778,951,002.46 2,801,318,643.55  
  Total Loan Portfolio (TLP), gross  2,547,923,846.08 2,663,892,383.15 2,743,610,953.06 2,767,353,216.57 2,744,324,614.16 2,777,731,048.39 2,752,666,852.59 2,778,110,126.79 2,901,549,588.41 2,924,442,510.34  
  (a) Interbank Loans Receivable (IBL) 324,387,171.52 384,269,164.31 427,211,919.72 361,472,259.03 323,342,292.36 325,624,946.07 279,870,889.39 285,381,895.73 251,617,964.70 241,688,471.37  
  (b) Total Reverse Repurchase (RRPs) 225,112,518.39 255,665,620.09 265,450,086.99 300,639,434.30 266,184,479.21 236,955,142.29 203,098,240.70 186,192,504.59 291,602,868.79 237,570,268.96  
  of which:  
  Reverse Repurchase (RRPs) with BSP 206,964,453.63 226,510,030.10 233,072,030.10 273,533,030.10 242,418,030.10 206,828,030.10 190,859,030.10 164,087,030.10 266,230,480.65 225,163,030.10  
  Reverse Repurchase (RRPs) with Other Banks 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 0.00 985,798.00 1,119,978.38 0.00  
  (c) Loans and Receivable - Others, net of amortization 1,998,424,156.17 2,023,957,598.75 2,050,948,946.34 2,105,241,523.24 2,154,797,842.59 2,215,150,960.03 2,269,697,722.50 2,306,535,726.47 2,358,328,754.93 2,445,183,770.01  
  Allowance for Credit Losses  117,199,155.42 117,052,658.12 117,811,502.98 121,501,435.45 121,779,529.15 122,492,373.75 122,177,975.90 123,182,027.88 122,598,585.95 123,123,866.79  
  TLP, gross (exclusive of IBL) 2,223,536,674.55 2,279,623,218.84 2,316,399,033.33 2,405,880,957.54 2,420,982,321.80 2,452,106,102.31 2,472,795,963.19 2,492,728,231.07 2,649,931,623.72 2,682,754,038.98  
  TLP, gross (exclusive of IBL and RRP with BSP and Other Banks) 2,016,072,220.93 2,052,613,188.75 2,082,827,003.23 2,131,847,927.44 2,178,064,291.70 2,244,778,072.22 2,281,936,933.10 2,327,655,402.97 2,382,581,164.69 2,457,591,008.88  
  TOTAL INVESTMENTS, NET 1,318,125,360.54 1,275,285,768.50 1,272,250,373.26 1,297,771,529.83 1,285,688,824.49 1,350,035,859.77 1,357,694,797.66 1,402,398,773.38 1,405,734,175.87 1,471,133,366.42  
  (A) Financial Assets, net (Portfolio Investments) 1,205,793,467.14 1,162,548,961.19 1,159,906,893.50 1,187,538,143.88 1,175,846,863.25 1,240,471,386.63 1,246,502,425.64 1,298,212,542.22 1,303,882,010.66 1,368,600,537.27  
  Financial Assets, gross (net of amortization) 1,211,316,305.15 1,183,293,738.29 1,189,720,131.23 1,232,911,183.99 1,213,250,373.82 1,265,577,780.98 1,288,880,698.29 1,358,275,280.45 1,357,057,035.11 1,403,678,329.01  
  (1) Financial Assets Held for Trading (HFT) 195,204,451.42 154,535,432.02 131,397,224.78 137,517,193.35 129,118,393.05 141,284,217.57 158,635,562.76 159,619,755.93 142,686,177.19 207,830,737.73  
  (2) Financial Assets DFVPL 17,489,780.34 15,128,960.99 11,649,232.45 13,724,791.49 13,923,726.55 15,137,896.18 15,148,267.72 12,323,561.99 12,241,924.25 12,084,132.69  
  (3) Available-for-Sale (AFS) Financial Assets 691,936,933.60 706,888,578.41 739,564,138.03 760,771,048.80 746,643,288.21 764,471,729.23 743,790,431.09 545,770,846.30 515,808,554.04 495,674,008.96  
  (4) Held-to-Maturity (HTM) Financial Assets 206,531,566.98 206,792,853.32 206,310,909.26 212,634,119.08 214,877,708.93 229,222,780.83 248,839,501.63 441,593,561.38 487,006,884.53 488,553,306.42  
  (5) Unquoted Debt Securities Classified as Loans 92,203,669.06 92,265,475.36 93,083,993.58 100,555,371.66 100,669,285.89 107,422,207.43 113,691,109.69 190,132,879.78 190,486,025.11 190,704,381.29  
  (6) Investments in Non-Marketable Equity Securities 7,949,903.77 7,682,438.18 7,714,633.13 7,708,659.60 8,017,971.18 8,038,949.74 8,775,825.39 8,834,675.07 8,827,470.00 8,831,761.91  
  Accumulated Market Gains/Losses  5,838,865.38 (9,252,175.19) (17,662,160.14) (33,653,870.86) (25,684,114.81) (13,335,734.43) (23,555,701.97) (40,914,934.89) (33,004,107.12) (13,934,616.82)  
  Allowance for Credit Losses  11,361,703.38 11,492,601.91 12,151,077.59 11,719,169.25 11,719,395.76 11,770,659.92 18,822,570.68 19,147,803.35 20,170,917.34 21,143,174.92  
  (B) Equity Investment in Subsidiaries/Associates/Joint Ventures, net (Direct Investments) 112,331,893.40 112,736,807.31 112,343,479.76 110,233,385.94 109,841,961.23 109,564,473.14 111,192,372.02 104,186,231.16 101,852,165.22 102,532,829.15  
  ROPA, NET 177,206,956.46 175,443,339.88 173,395,419.01 173,776,302.90 173,788,461.50 173,047,750.77 173,305,720.05 172,637,781.54 171,331,167.99 163,901,185.70  
  Real and Other Properties Acquired (ROPA), gross 206,327,500.84 204,249,173.57 202,414,890.74 202,874,009.34 202,858,964.60 202,405,661.31 204,111,560.86 203,257,199.13 201,948,304.67 195,330,105.06  
  of which:  
  (1) Sales Contract Receivables, Gross 22,075,419.55 22,157,151.81 22,369,810.04 21,591,021.94 21,742,032.37 21,563,773.81 21,412,674.59 21,209,839.24 21,686,375.98 23,347,372.81  
  (a) Performing 14,861,655.44 15,755,914.78 16,069,698.53 16,342,173.88 14,392,452.21 15,516,917.03 16,445,256.21 16,151,873.33 16,827,802.75 15,712,284.01  
  (b) Non-Performing 7,213,764.10 6,401,237.02 6,300,111.51 5,248,848.05 7,349,580.16 6,046,856.78 4,967,418.38 5,057,965.91 4,858,573.23 6,796,808.67  
  Sales Contract Receivables, Net 21,577,742.57 21,889,793.61 22,084,784.19 21,302,513.22 21,447,954.85 21,268,874.54 21,120,835.13 20,922,796.37 21,399,146.18 23,033,011.06  
  (2) Non-Current Assets Held for Sale, Gross 14,666,116.33 14,428,315.25 13,834,230.96 13,838,574.71 14,210,617.40 14,308,315.37 15,722,880.83 15,596,558.29 15,299,629.48 15,954,979.24  
  Non-Current Assets Held for Sale, net 14,666,116.33 14,428,315.25 13,834,230.96 13,838,574.71 14,210,617.40 14,308,315.37 14,437,563.20 14,311,240.66 11,900,416.40 12,555,766.17  
  Unamortized Discount and Other Deferred Credits 88,815.19 94,791.04 116,634.11 117,452.71 125,421.36 127,435.65 124,615.90 125,327.97 126,402.88 127,345.43  
  Accummulated Depreciation 14,561,388.58 14,352,382.64 14,416,268.30 14,468,408.95 14,422,054.63 14,479,463.02 14,162,270.26 14,223,438.28 14,314,023.98 14,187,849.03  
  Allowance for Losses 14,470,340.61 14,358,660.01 14,486,569.31 14,511,844.79 14,523,027.11 14,751,011.87 16,518,954.65 16,270,651.34 16,176,709.83 17,113,724.89  
  OTHER ASSETS 399,384,805.96 401,022,451.69 405,655,071.47 415,007,606.44 407,594,831.29 397,937,718.13 406,148,279.51 427,587,211.78 449,562,243.00 404,448,405.95  
  LIABILITIES AND CAPITAL  
  LIABILITIES 4,485,379,926.96 4,537,628,818.07 4,625,946,163.76 4,753,199,339.57 4,606,178,175.37 4,727,333,011.30 4,781,052,221.73 4,909,136,661.84 4,977,583,764.01 5,076,702,233.40  
  FINANCIAL LIABILITIES HFT 41,308,765.54 37,019,482.46 49,715,537.44 54,700,342.86 40,419,498.31 46,631,663.09 47,804,561.79 56,715,088.97 47,562,502.70 46,688,982.00  
  FINANCIAL LIABILITIES DFVPL 10,016,455.10 5,067,991.58 5,227,416.77 11,032,474.81 11,065,492.71 11,564,210.01 10,743,684.12 10,821,197.17 10,787,048.28 10,962,463.65  
  DEPOSIT LIABILITIES 3,606,403,102.93 3,668,342,614.61 3,710,706,229.28 3,809,673,371.26 3,793,164,917.12 3,856,624,244.23 3,958,939,772.36 4,038,343,312.45 4,105,837,245.96 4,195,065,646.26  
  Peso Liabilities 2,798,818,635.74 2,802,628,264.48 2,809,598,916.98 2,879,068,663.45 2,853,634,579.61 2,887,405,293.06 2,978,853,977.09 3,028,799,294.98 3,117,261,481.96 3,217,316,634.44  
  Demand and NOW 586,138,055.76 586,199,695.78 591,238,542.61 610,123,436.72 619,090,937.14 623,496,708.43 631,894,046.03 640,498,013.88 659,543,523.74 666,973,812.01  
  Savings 1,415,904,860.50 1,415,919,535.55 1,409,799,466.40 1,349,149,116.81 1,342,128,423.29 1,329,885,597.84 1,356,931,573.39 1,376,473,278.94 1,420,497,125.68 1,475,788,422.98  
  Time 775,956,037.34 779,732,950.25 787,808,792.96 898,618,282.30 871,203,496.15 907,822,259.54 963,827,229.26 985,453,010.99 1,010,817,930.46 1,048,141,759.21  
  LTNCD 20,819,682.13 20,776,082.90 20,752,115.02 21,177,827.62 21,211,723.03 26,200,727.24 26,201,128.40 26,374,991.17 26,402,902.09 26,412,640.25  
  Foreign Currency 807,584,467.19 865,714,350.13 901,107,312.30 930,604,707.82 939,530,337.51 969,218,951.18 980,085,795.27 1,009,544,017.47 988,575,764.00 977,749,011.82  
  Demand and NOW 27,259,418.45 27,971,490.16 27,819,262.92 31,825,833.13 28,915,502.17 29,780,495.44 30,347,144.38 31,904,802.05 32,415,578.12 27,999,014.56  
  Savings 261,250,610.29 275,894,965.36 288,535,796.92 312,626,979.39 325,024,258.07 325,506,033.76 336,454,754.84 356,478,687.15 346,253,199.97 329,109,358.82  
  Time 519,074,438.44 561,847,894.61 584,752,252.46 586,151,895.30 585,590,577.26 613,932,421.98 613,283,896.05 621,160,528.28 609,906,985.91 620,640,638.44  
  LTNCD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  DUE TO BANKS/OTHERS 33,308,888.52 36,996,931.88 49,759,158.61 44,256,011.94 30,866,187.08 74,045,871.54 43,179,259.43 59,269,437.01 67,206,398.05 47,052,704.12  
  BILLS PAYABLE 430,591,248.69 430,301,604.63 434,125,402.38 451,392,860.22 360,372,493.83 358,775,245.80 341,593,782.43 372,033,303.52 348,316,112.81 357,528,291.69  
  BONDS PAYABLE 10,042,525.17 10,164,581.43 10,522,059.46 10,799,143.14 10,619,404.27 11,047,178.24 11,318,812.54 6,182,198.68 6,184,725.12 6,002,821.44  
  UNSECURED SUBORDINATED DEBT, NET 85,183,202.40 85,516,419.66 96,361,174.24 87,558,087.92 81,420,232.83 82,307,518.67 89,208,722.24 95,240,926.21 95,212,764.47 93,556,786.84  
  REDEEMABLE PREFERRED SHARES 2,126,375.20 3,204,099.61 2,221,375.20 2,278,275.20 2,240,675.20 2,329,425.20 2,385,275.20 2,479,775.20 2,479,700.00 2,407,500.00  
  DERIVATIVES WITH NEGATIVE FAIR VALUE HELD FOR HEDGING 516,177.66 500,008.37 523,781.49 655,545.31 715,368.44 666,572.71 793,835.37 1,157,009.00 964,203.22 1,424,434.36  
  OTHER LIABILITIES 265,883,185.74 260,515,083.85 266,784,028.89 280,853,226.90 275,293,905.57 283,341,081.81 275,084,516.26 266,894,413.63 293,033,063.39 316,012,603.03  
  TOTAL CAPITAL ACCOUNTS  602,964,968.82 595,225,912.66 586,994,958.60 569,794,985.01 583,326,623.07 594,178,965.47 597,099,512.23 566,146,573.32 575,896,839.17 598,978,580.26  
  Capital Stock 314,116,966.81 314,759,426.68 314,994,132.44 323,089,896.83 327,054,312.23 328,146,827.13 333,787,849.63 330,873,927.88 330,870,617.28 329,366,495.94  
  Retained Earnings & Undivided Profits 183,099,707.40 184,252,697.74 183,432,952.41 175,571,361.04 173,746,194.70 172,541,923.98 170,867,799.28 167,272,018.29 167,972,096.67 174,779,139.00  
  Other Comprehensive Income 6,239,380.82 (7,270,775.21) (16,194,502.70) (32,603,590.68) (25,255,913.74) (13,670,815.07) (23,387,668.17) (46,288,548.05) (41,189,506.83) (22,500,882.01)  
  Appraisal Increment Reserves 3,081,652.83 3,078,162.27 3,124,438.55 3,138,487.76 3,088,574.94 3,088,552.14 3,062,630.90 3,008,236.64 3,008,213.84 3,018,125.77  
  Other Capital 96,427,260.96 100,406,401.18 101,637,937.89 100,598,830.06 104,693,454.94 104,072,477.29 112,768,900.59 111,280,938.56 115,235,418.21 114,315,701.56