30  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
Commercial Banking System 1/
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 2/				745.071	747.782	759.109	750.587	747.395	788.653	772.847	801.098	781.377	774.388
	Cash and Due from Banks				117.440	106.646	113.820	110.170	100.658	106.719	110.467	119.722	104.520	103.326
	Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization)				163.419	162.222	149.139	156.124	153.456	165.969	167.008	194.392	188.376	188.044
		Financial Assets Held for Trading (HFT)			44.384	42.920	26.992	25.861	19.301	25.170	30.250	45.117	38.224	40.580
		Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect			2.375	1.455	1.083	2.289	1.404	1.257	0.786	0.542	0.403	0.554
		AFS Financial Assets, Net of Amortization			71.240	74.027	78.840	78.380	83.623	90.003	81.607	59.709	49.707	47.612
			AFS Debt Securities		69.374	71.725	76.500	75.851	81.215	87.347	78.961	57.604	47.334	45.562
			Unamortized Discount/Premium		1.245	1.674	1.738	1.894	1.773	1.899	1.893	1.351	1.370	1.164
			AFS-Debt Securities Net of Amortization		70.618	73.399	78.239	77.745	82.989	89.247	80.854	58.955	48.704	46.726
			AFS-Equity Securities		0.622	0.629	0.601	0.634	0.634	0.757	0.754	0.754	1.003	0.886
		Held-to-Maturity (HTM) Financial Assets			25.550	24.006	22.079	22.237	21.970	22.271	27.619	45.599	56.127	55.890
			Unamortized Discount/Premium		(0.002)	0.084	0.089	0.087	0.081	0.085	0.102	0.791	0.777	0.860
		HTM Financial Assets - Net of Amortization			25.547	24.090	22.169	22.324	22.051	22.355	27.721	46.390	56.905	56.750
		Unquoted Debt Securities Classified as Loans			22.291	22.407	22.777	30.019	29.750	29.909	29.389	45.187	45.658	44.986
			Unamortized Discount/Premium		(2.904)	(2.981)	(3.025)	(3.052)	(2.976)	(3.029)	(3.049)	(2.636)	(2.602)	(2.534)
		Unquoted Debt Securities Classified as Loans -Net of Amortization			19.387	19.426	19.752	26.967	26.773	26.880	26.339	42.552	43.056	42.452
		Investment in Non-Markeatable Equity Securities (INMES)			0.485	0.304	0.304	0.304	0.304	0.304	0.304	0.082	0.082	0.096
	Accumulated Market Gain (Losses) -Financial Assets				(0.517)	(1.925)	(2.412)	(3.775)	(2.689)	(1.547)	(2.434)	(3.615)	(3.364)	(1.566)
	Allowance for Credit Losses-Financial Assets				0.320	0.371	0.372	0.378	0.374	0.376	0.828	0.829	0.830	0.934
		Allowance for Credit Losses-AFS			0.213	0.263	0.263	0.263	0.260	0.260	0.710	0.710	0.710	0.771
		Allowance for Credit Losses-HTM			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans			0.106	0.106	0.108	0.114	0.113	0.115	0.117	0.119	0.119	0.161
		Allowance for Credit Losses- INMES			0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
	Financial Assets -Net of Allowance for Credit Losses				162.582	159.927	146.355	151.971	150.392	164.046	163.746	189.948	184.181	185.545
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.				0.461	0.468	0.461	0.461	0.461	0.461	0.461	0.461	0.461	0.461
	Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent				0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.013
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses)				0.448	0.455	0.448	0.448	0.448	0.448	0.448	0.448	0.448	0.448
	Total Loan Portfolio, gross (net of amortization)				408.582	424.093	441.267	430.220	439.177	459.973	442.195	432.733	431.465	425.552
		Loans and Receivables, gross (net of amortization)			341.766	357.111	368.434	352.649	351.204	367.499	358.833	355.707	350.712	353.078
		Loans to Bangko Sentral ng Pilipinas			0.200	0.717	2.732	0.768	4.955	0.136	0.171	0.124	0.069	0.000
		Interbank Loans Receivable			113.950	121.666	126.364	111.489	96.692	103.116	98.183	88.763	82.997	81.086
		Loans and Receivables -Others			228.471	235.595	240.198	240.911	250.072	264.764	261.354	267.691	268.498	272.837
			Unamortized Discount and Other Deferred Credits		0.856	0.868	0.859	0.519	0.515	0.517	0.875	0.871	0.853	0.845
		Loans and Receivables - Others - Net of Amortization			227.615	234.728	239.338	240.392	249.557	264.247	260.479	266.820	267.646	271.992
		Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions			66.816	66.982	72.833	77.570	87.974	92.474	83.361	77.026	80.753	72.474
	Allowance for Credit Losses-Loans				14.374	14.484	14.460	14.508	14.625	14.951	14.915	14.699	14.506	14.582
		Allowance for Credit Losses-Interbank Loans Receivable			0.005	0.005	0.008	0.007	0.030	0.030	0.030	0.033	0.033	0.251
		Allowance for Credit Losses-Loans and Receivables -Other			9.656	9.761	9.752	9.719	9.758	10.353	10.167	9.928	9.805	9.343
		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)			4.713	4.717	4.700	4.782	4.837	4.569	4.717	4.738	4.668	4.988
	Total Loan Portfolio, Net of Allowance for Credit Losses				394.208	409.609	426.806	415.712	424.552	445.022	427.280	418.035	416.959	410.970
	Total ROPA				12.561	12.844	12.652	12.607	12.660	12.545	12.513	12.618	12.602	12.383
		Sales Contract Receivable			2.006	2.006	2.026	2.040	2.082	2.072	2.054	2.021	2.095	2.111
		Non-Current Assets Held for Sale			0.159	0.159	0.159	0.159	0.159	0.159	0.159	0.159	0.155	0.152
		Real and Other Properties Acquired			10.396	10.678	10.467	10.408	10.418	10.314	10.300	10.437	10.353	10.120
	Accumulated Depreciation				0.516	0.641	0.653	0.628	0.642	0.642	0.665	0.680	0.690	0.699
	Unamortized Discount and Other Deferred Credits				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Allowance for Losses - ROPA				0.811	0.824	0.836	0.856	0.853	0.853	0.797	0.796	0.800	0.801
		Allowance for Credit Losses- Sales Contract Receivable			0.049	0.049	0.049	0.049	0.047	0.047	0.047	0.047	0.047	0.047
		Allowance for Losses -Real and Other Properties Acquired			0.763	0.775	0.788	0.807	0.806	0.806	0.750	0.749	0.753	0.754
		Allowance for Credit Losses -Non Current Assets held for Sale			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	ROPA, Net of Allowance for Losses				11.234	11.378	11.162	11.123	11.165	11.050	11.051	11.142	11.113	10.883
	Total Other Assets, Net				59.158	59.768	60.517	61.163	60.179	61.369	59.854	61.804	64.156	63.216
		Derivatives with Positive Fair Value Held for Hedging			0.013	0.013	0.014	0.025	0.021	0.025	0.023	0.001	0.001	0.001
		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	0.000
		Goodwill			1.429	1.429	1.429	1.429	1.429	1.429	1.429	1.429	1.429	1.346
			Allowance for Losses		0.000	0.000	0.081	0.081	0.081	0.081	0.081	0.081	0.081	0.081
		Goodwill - Net			1.429	1.429	1.348	1.348	1.348	1.348	1.348	1.348	1.348	1.265
		Accrued Interest Income from Financial Assets			5.273	5.622	5.869	6.442	6.560	6.795	5.775	6.809	7.004	7.780
			Allowance for Credit Losses		0.658	0.696	0.718	0.708	0.720	0.736	0.734	0.750	0.769	0.778
		Accrued Interest Income from Financial Assets, net			4.615	4.926	5.151	5.734	5.839	6.059	5.041	6.059	6.235	7.002
		Bank Premises, Furniture, Fixture and Equipment			13.232	13.236	13.337	13.372	13.471	13.570	13.858	13.596	13.664	13.801
			Accumulated Depreciation		6.352	6.423	6.502	6.548	6.616	6.698	6.753	6.638	6.709	6.732
			Allowance for Losses		0.050	0.050	0.050	0.050	0.050	0.050	0.050	0.050	0.043	0.043
		Bank Premises, Furniture, Fixture and Equipment - Net			6.830	6.763	6.785	6.774	6.805	6.821	7.055	6.908	6.912	7.026
		Other Intangible Assets			0.472	0.488	0.538	0.521	0.533	0.547	0.547	0.878	0.905	0.922
			Accumulated Amortization		0.213	0.221	0.232	0.217	0.225	0.234	0.242	0.436	0.449	0.463
			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			0.259	0.267	0.306	0.304	0.308	0.314	0.305	0.443	0.456	0.459
		Deferred Tax Asset			4.911	4.899	6.067	6.151	6.168	6.216	6.209	6.077	6.075	5.968
		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			44.496	45.142	44.517	44.523	43.383	44.183	43.516	44.739	46.922	46.328
			Allowance for Losses		3.395	3.672	3.672	3.696	3.693	3.598	3.643	3.770	3.793	4.833
		Other Assets - Net			41.101	41.470	40.846	40.827	39.690	40.585	39.873	40.969	43.129	41.495
	LIABILITIES AND CAPITAL				745.071	747.782	759.109	750.587	747.395	788.653	772.847	801.098	781.377	774.388
	Liability Accounts				642.815	642.743	654.330	648.368	639.613	681.191	660.201	691.635	668.085	660.842
	Financial Liabilities Held for Trading				15.005	13.921	16.003	14.987	11.445	13.131	13.794	18.029	14.977	17.563
	Financial Liabilities Designated at Fair Value through Profit or Loss				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Deposit Liabilities				494.565	502.293	510.756	501.036	506.445	520.847	521.621	540.117	520.253	519.214
		Peso			325.256	322.333	319.490	317.686	321.206	323.738	324.932	335.839	330.919	347.618
		Demand & NOW			82.011	83.520	82.942	84.626	84.972	86.119	84.560	85.842	92.924	94.656
		Savings Deposits			119.996	118.708	117.163	116.394	120.732	121.171	119.513	120.217	117.823	126.136
		Time Certificate of Deposits			120.128	116.975	116.246	113.518	112.347	113.283	117.685	126.598	116.981	123.625
		LTNCD			3.121	3.130	3.138	3.147	3.156	3.165	3.174	3.183	3.192	3.201
		Foreign Currency			169.308	179.959	191.265	183.351	185.238	197.109	196.689	204.278	189.333	171.596
	Bills Payable				71.048	61.496	60.231	59.235	56.638	58.367	50.010	50.371	53.164	44.247
		Deposit Substitutes			23.326	16.262	16.947	5.240	3.303	3.450	3.158	3.269	4.767	4.061
		Others			47.722	45.233	43.284	53.995	53.335	54.916	46.851	47.103	48.398	40.186
	Special Financing				0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
		Time Certificate of Deposits  - SF			0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
		Special Time Deposits			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Unsecured Subordinated Debt				2.511	2.519	2.528	2.536	3.796	3.804	3.813	3.811	3.820	3.830
			Unamortized Debt Discount/Premium		(0.013)	(0.013)	(0.012)	(0.012)	(0.011)	(0.011)	(0.011)	(0.011)	(0.010)	(0.010)
	Unsecured Subordinated Debt - Net				2.498	2.506	2.516	2.525	3.784	3.793	3.802	3.801	3.810	3.820
	Redeemable Preferred Shares				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Total Other Liabilities				59.698	62.527	64.823	70.584	61.300	85.052	70.974	79.316	75.879	75.997
		Due to Other Banks			10.259	12.113	9.441	13.129	6.511	14.014	11.537	14.566	8.306	13.136
		Bonds Payable			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
			Unamortized Bond Discount/Premium		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Bonds Payable - Net			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		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			0.159	0.161	0.166	0.257	0.257	0.281	0.284	0.325	0.442	0.547
		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			2.181	2.143	2.191	2.237	2.370	2.468	2.323	2.521	2.627	2.961
		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			0.084	0.081	0.082	0.083	0.081	0.074	0.075	0.073	0.073	0.072
		Treasurer/Cashier/Manager's Checks			7.191	6.268	6.312	5.788	11.335	6.839	5.467	5.980	6.594	5.418
		Payment Orders Payable			0.958	0.562	0.705	0.341	0.518	0.570	0.457	0.547	0.425	0.581
		Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs			0.176	0.147	0.115	0.184	0.158	0.179	0.224	0.202	0.187	0.184
		Cash Letters of Credit			0.741	0.860	1.032	0.835	0.579	0.452	0.354	0.318	0.294	0.357
		Outstanding Acceptances Executed by or for Account of this Bank			1.957	2.877	2.783	2.424	1.819	1.377	1.484	0.948	0.937	0.734
		Due to Bangko Sentral ng Pilipinas			0.129	0.144	0.169	0.175	0.189	0.204	0.219	0.235	0.251	0.301
		Due to Philippine Deposit Insurance Corporation			0.034	0.033	0.048	0.044	0.007	0.013	0.032	0.044	0.053	0.048
		Due to Philippine Crop Insurance Corporation			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Income Tax Payable			0.735	0.396	0.193	0.328	0.377	0.504	0.376	0.428	0.261	0.324
		Other Taxes and Licenses Payable			0.544	0.360	0.389	0.393	0.404	0.442	0.480	0.492	0.407	0.425
		Accrued Expenses			3.221	3.066	3.381	3.347	3.242	3.457	3.592	3.524	3.449	3.359
		Unearned Income			5.475	5.408	8.884	9.136	9.097	9.017	8.587	8.551	9.352	9.233
		Deferred Tax Liabilities			0.229	0.223	1.746	1.762	1.759	1.761	1.759	1.760	1.759	1.749
		Provisions			0.097	0.094	0.101	0.104	0.117	0.121	0.193	0.191	0.200	0.305
		Other Liabilities			16.624	19.920	15.234	17.203	14.130	19.413	17.870	19.239	20.095	23.680
		Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)			8.903	7.672	11.851	12.811	8.348	23.866	15.660	19.373	20.168	12.582
		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				102.256	105.038	104.779	102.219	107.782	107.462	112.646	109.463	113.293	113.546
	Paid in Capital Stock				36.061	37.059	37.109	37.109	37.109	37.109	37.109	37.109	37.109	37.109
	Additional Paid-in Capital				2.186	3.186	3.236	3.238	3.238	3.238	3.238	3.238	3.238	3.238
	Other Equity Instruments				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Retained Earnings				7.804	7.385	6.451	6.593	6.593	6.531	6.531	6.574	6.574	6.889
	Stock Dividend Distributable				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Undivided Profits				0.168	0.387	0.655	0.710	0.971	1.050	0.642	0.789	0.344	(0.509)
	Other Comprehensive Income				(2.141)	(1.460)	(1.862)	(3.155)	(2.210)	(1.304)	(2.473)	(3.694)	(3.367)	(2.162)
	Appraisal Increment Reserve				0.499	0.499	0.499	0.499	0.499	0.499	0.499	0.499	0.499	0.499
	Treasury Stock				(0.020)	(1.670)	(1.670)	(1.695)	(1.695)	(1.695)	(1.695)	(1.695)	(1.695)	(1.695)
	Assigned Capital				14.493	14.493	14.493	14.493	15.145	15.145	15.145	15.145	15.145	15.145
	Net Due to HO/Br/Ag				43.205	45.159	45.869	44.426	48.133	46.889	53.650	51.498	55.446	55.032
	Key  Ratios
	Cash and Due from Banks to Deposits				23.75	21.23	22.28	21.99	19.88	20.49	21.18	22.17	20.09	19.90
	Liquid Assets to Deposits 3/				56.62	53.07	50.94	52.32	49.57	51.99	52.57	57.33	55.49	55.64
	Loans, gross to Deposits				82.61	84.43	86.39	85.87	86.72	88.31	84.77	80.12	82.93	81.96
	Capital Adequacy Ratio (CAR) 4/
			Solo Basis		18.58			19.13			21.39			20.71
			Consolidated Basis		18.56			19.00			21.50			20.69
	Total Capital Accounts to Total Assets 5/				13.72	14.05	13.80	13.62	14.42	13.63	14.58	13.66	14.50	14.66
	1/ Inclusive of other branches / subsidiaries of foreign banks
	2/ Figures adjusted to net off the account "Due from Head Office" with "Due to Head Office" of branches of foreign banks
	3/ Ratio of Liquid Assets (Cash and Due from Banks + Financial Assets, Net of Allowance for Credit Losses) to Total Deposits
	4/ 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.
	5/ 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