34   SELECTED ASSET QUALITY INDICATORS
	Commercial Banking System *
	as of end of periods indicated
	in billion pesos
	ACCOUNTS	Mar-08	Apr-08	May-08	Jun-08	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08
	Levels
	TOTAL ASSETS	745.071	747.782	759.109	750.587	747.395	788.653	772.847	801.098	781.377	774.388
	GROSS ASSETS 1/	759.965	762.901	774.229	765.770	762.706	804.290	788.367	816.456	796.585	789.208
	TOTAL LOAN PORTFOLIO (TLP), GROSS	407.775	423.263	440.437	429.411	438.369	459.164	441.339	431.917	430.677	424.290
	ALLOWANCE FOR CREDIT LOSSES - LOANS	13.567	13.654	13.631	13.699	13.816	14.143	14.059	13.882	13.718	13.320
	INTERBANK LOANS RECEIVABLES	113.950	121.666	126.364	111.489	96.692	103.116	98.183	88.763	82.997	81.086
	RESTRUCTURED LOANS(RL), GROSS	10.354	10.282	10.098	10.089	10.098	10.009	10.149	10.010	9.709	9.773
	RESTRUCTURED LOANS, PERFORMING	7.066	7.132	7.614	6.490	6.610	6.368	6.465	6.394	6.302	6.883
	NON-PERFORMING LOANS 2/	13.605	13.019	13.078	14.225	13.408	14.451	14.807	14.510	14.724	13.700
	REAL AND OTHER PROPERTIES ACQUIRED (ROPA)	10.396	10.678	10.467	10.408	10.418	10.314	10.300	10.437	10.353	10.120
	ROPA, GROSS (Inclusive of Performing SCR)	12.561	12.844	12.652	12.607	12.660	12.545	12.513	12.618	12.602	12.383
	ALLOWANCE FOR ROPA 3/	1.327	1.465	1.490	1.484	1.495	1.495	1.462	1.476	1.490	1.500
	ROPA, GROSS 4/	10.990	11.262	11.070	10.979	10.968	10.875	10.885	11.023	10.949	11.803
	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
	NON-PERFORMING ASSETS (NPA) 5/	24.595	24.282	24.149	25.204	24.375	25.326	25.691	25.533	25.673	25.503
	ALLOWANCE ON NPA 6/	14.894	15.119	15.120	15.183	15.311	15.638	15.520	15.358	15.208	14.820
	DISTRESSED ASSETS 7/	31.661	31.413	31.763	31.694	30.986	31.695	32.156	31.928	31.975	32.386
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)	1.571	1.582	1.582	1.628	1.692	1.669	1.628	1.595	1.653	0.580
	NON-PERFORMING SCR	0.435	0.425	0.444	0.412	0.390	0.402	0.425	0.426	0.442	1.531
	PAST DUE LOANS	18.066	17.753	17.449	17.973	17.458	18.407	18.614	18.158	18.642	17.628
	Annual Growth Rates
	TOTAL ASSETS	(4.19)	(4.64)	(1.21)	(3.42)	(7.27)	(0.12)	9.90	12.36	9.11	7.85
	GROSS ASSETS 1/	(4.09)	(4.50)	(1.21)	(3.39)	(7.18)	(0.11)	9.92	12.31	9.09	7.73
	TOTAL LOAN PORTFOLIO (TLP), GROSS	1.88	0.49	12.77	14.20	14.70	19.24	24.32	18.59	15.64	8.59
	ALLOWANCE FOR CREDIT LOSSES - LOANS	(3.64)	(3.05)	(6.79)	(6.87)	(7.66)	(4.37)	4.63	3.94	2.01	(4.56)
	INTERBANK LOANS RECEIVABLES	10.08	15.09	21.35	24.55	(8.94)	5.56	(9.18)	(12.22)	(30.71)	(26.12)
	RESTRUCTURED LOANS(RL), GROSS	(4.21)	(5.69)	(2.54)	(5.05)	(6.51)	(4.01)	(4.42)	(5.47)	(7.82)	(8.45)
	RESTRUCTURED LOANS, PERFORMING	(17.75)	(3.50)	11.64	(9.54)	(13.39)	(11.88)	(13.33)	(15.47)	(17.76)	(12.49)
	NON-PERFORMING LOANS 2/	(15.87)	(23.21)	(24.18)	(18.17)	(20.72)	(12.48)	(1.10)	(1.54)	(1.24)	2.11
	REAL AND OTHER PROPERTIES ACQUIRED (ROPA)	(17.20)	(14.24)	(31.45)	(32.45)	(31.81)	(32.86)	(0.08)	0.49	0.47	(2.70)
	ROPA, GROSS (Inclusive of Performing SCR)	(23.03)	(20.78)	(34.30)	(34.84)	(34.48)	(34.95)	(12.14)	(7.67)	(8.22)	(10.96)
	ALLOWANCE FOR ROPA 3/	105.43	138.31	134.45	94.28	95.72	95.54	146.51	147.97	150.29	140.83
	ROPA, GROSS 4/	(24.94)	(22.42)	(36.49)	(37.36)	(37.10)	(37.87)	(12.70)	(11.39)	(11.48)	(5.46)
	NON-CURRENT ASSETS HELD FOR SALE **	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	NON-PERFORMING ASSETS (NPA) 5/	(14.38)	(17.42)	(25.74)	(23.14)	(24.28)	(20.54)	1.63	1.63	1.83	7.07
	ALLOWANCE ON NPA 6/	1.14	2.86	(0.90)	(1.88)	(2.64)	0.55	10.62	10.08	8.29	1.65
	DISTRESSED ASSETS 7/	(19.23)	(18.78)	(23.15)	(24.42)	(25.95)	(22.81)	(7.35)	(6.99)	(7.56)	(3.14)
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)	(16.51)	(15.95)	(20.65)	(17.35)	(16.26)	(14.94)	(17.21)	(2.76)	(3.53)	(66.92)
	NON-PERFORMING SCR	113.21	130.24	163.48	176.08	185.72	121.47	120.49	3.09	25.58	363.26
	PAST DUE LOANS	(6.50)	(13.27)	(14.12)	(13.86)	(13.03)	(6.29)	5.36	2.31	3.46	6.95
	Selected Ratios  (%)
	Past Due Ratio	4.42	4.19	3.95	4.18	3.98	4.00	4.21	4.20	4.32	4.14
	RL to TLP	2.53	2.42	2.29	2.35	2.30	2.18	2.30	2.31	2.25	2.26
	LLR to TLP	3.33	3.23	3.09	3.19	3.15	3.08	3.19	3.21	3.19	3.14
	NPL Ratio (inclusive of IBL)	3.34	3.08	2.97	3.31	3.06	3.15	3.35	3.36	3.42	3.23
	NPL Ratio (exclusive of IBL)	4.61	4.32	4.16	4.47	3.92	4.06	4.31	4.23	4.24	3.99
	NPL Coverage 8/	99.72	104.87	104.22	96.30	103.05	97.86	94.95	95.67	93.16	97.23
	NPA to Gross Assets	3.24	3.18	3.12	3.29	3.20	3.15	3.26	3.13	3.22	3.23
	NPA Coverage 9/	60.56	62.27	62.61	60.24	62.81	61.74	60.41	60.15	59.23	58.11
	Distressed Assets 10/	7.53	7.20	7.01	7.17	6.87	6.72	7.09	7.18	7.21	7.39
	* Inclusive of other branches/subsidiaries of foreign banks
	**  New Account under the Financial Reporting Package
	1/Total Assets, Net of Due to Head Office/Branches/Agencies + Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA - Loans Classified as Loss Fully Covered by Allowance for Credit Losses
	2/Loans Classified as Past Due and Already Non-Performing + Items in Litigation - Loans Classified as Loss Fully Covered by Allowance for Credit Losses
	3/Consists of Allowance for Losses (ROPA), Accumulated Depreciation (ROPA) and Allowance for Credit Losses - SCR, allowance for credit losses (NCAHS)
	4/Includes Real and Other Properties Acquired (ROPA) +  Non- Performing Sales Contract Receivable (SCR) + Non-Current Assets Held for Sale for financial ratio analysis
	5/Non-Performing Loans + ROPA, Gross
	6/ Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA
	7/ Non-Performing Assets (NPA) + Performing Restructured Loans (RL)
	8/ Ratio of Allowance for Credit Losses - Loans to Non-Performing Loans
	9/ Ratio of Allowance on NPA to NPA
	10/ Ratio of Distressed Assets to Total Loan Portfolio, Gross + ROPA, Gross (inclusive of Performing SCR)
	Note: Details may not add up to totals due to rounding-off
	Source: Supervisory Data Center, Supervision and Examination Sector
	Updated as of 08 July 2010