39  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
Thrift 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 2/				484.611	493.564	500.124	483.111	483.289	483.133	482.368	473.373	478.730	481.765
	Cash and Due from Banks				63.916	56.070	53.420	58.378	54.594	54.081	54.997	50.049	40.028	46.899
	Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization)				65.704	68.240	69.777	72.318	72.703	71.918	73.268	77.487	80.956	81.447
		Financial Assets Held for Trading (HFT)			0.814	0.844	1.020	1.347	1.402	1.610	1.635	1.476	1.227	2.221
		Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect			0.138	0.229	0.169	0.251	0.481	0.564	0.488	0.511	0.460	0.495
		AFS Financial Assets, Net of Amortization			38.918	39.316	40.687	42.120	42.880	41.687	40.677	41.651	42.905	42.627
			AFS Debt Securities		37.482	37.487	38.801	40.460	40.990	39.627	38.993	39.961	41.030	40.679
			Unamortized Discount/Premium		0.600	1.053	1.148	1.231	1.108	1.255	1.352	1.257	1.412	1.491
			AFS-Debt Securities Net of Amortization		38.082	38.539	39.949	41.691	42.098	40.882	40.345	41.218	42.441	42.170
			AFS-Equity Securities		0.836	0.776	0.738	0.430	0.781	0.805	0.332	0.433	0.464	0.457
		Held-to-Maturity (HTM) Financial Assets			18.312	20.384	20.545	21.310	20.626	20.705	23.101	26.217	28.535	28.270
			Unamortized Discount/Premium		0.329	0.341	0.337	0.332	0.332	0.343	0.341	0.437	0.590	0.568
		HTM Financial Assets - Net of Amortization			18.641	20.725	20.881	21.642	20.958	21.049	23.443	26.654	29.126	28.838
		Unquoted Debt Securities Classified as Loans			7.446	7.376	7.217	7.215	7.235	7.242	7.255	7.415	7.448	7.464
			Unamortized Discount/Premium		(0.501)	(0.412)	(0.401)	(0.463)	(0.453)	(0.443)	(0.432)	(0.422)	(0.412)	(0.398)
		Unquoted Debt Securities Classified as Loans -Net of Amortization			6.945	6.964	6.816	6.752	6.781	6.799	6.824	6.993	7.036	7.066
		Investment in Non-Markeatable Equity Securities (INMES)			0.248	0.162	0.204	0.205	0.201	0.211	0.201	0.201	0.203	0.201
	Accumulated Market Gain (Losses) -Financial Assets				0.067	(0.502)	(0.893)	(1.556)	(1.234)	(0.674)	(0.804)	(2.811)	(2.314)	(0.613)
	Allowance for Credit Losses-Financial Assets				0.321	0.435	0.432	0.354	0.354	0.357	0.358	0.358	0.366	0.401
		Allowance for Credit Losses-AFS			0.123	0.124	0.078	0.078	0.078	0.078	0.078	0.079	0.079	0.079
		Allowance for Credit Losses-HTM			0.022	0.022	0.022	0.023	0.023	0.027	0.026	0.026	0.026	0.025
		Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans			0.070	0.184	0.184	0.104	0.104	0.104	0.104	0.104	0.112	0.148
		Allowance for Credit Losses- INMES			0.105	0.105	0.149	0.149	0.149	0.149	0.149	0.149	0.149	0.149
	Financial Assets -Net of Allowance for Credit Losses				65.450	67.302	68.452	70.408	71.116	70.887	72.106	74.319	78.276	80.433
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.				0.706	0.721	0.810	0.720	0.731	0.731	0.737	0.733	0.736	0.750
	Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent				0.045	0.045	0.045	0.045	0.045	0.045	0.045	0.045	0.045	0.045
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses)				0.661	0.677	0.765	0.674	0.686	0.686	0.692	0.687	0.691	0.705
	Total Loan Portfolio, gross (net of amortization)				298.055	312.675	320.921	297.158	300.948	301.524	299.208	293.607	304.848	298.214
		Loans and Receivables, gross (net of amortization)			282.930	298.532	308.961	282.344	290.104	292.594	290.925	286.928	289.949	291.259
		Loans to Bangko Sentral ng Pilipinas			4.550	5.710	7.115	5.694	6.802	6.641	7.974	3.626	5.864	2.465
		Interbank Loans Receivable			37.965	48.073	52.685	21.322	24.414	18.849	13.251	19.138	15.919	17.195
		Loans and Receivables -Others			246.421	250.860	255.383	261.670	265.351	273.606	276.348	270.865	275.138	278.538
			Unamortized Discount and Other Deferred Credits		6.006	6.112	6.222	6.342	6.462	6.502	6.649	6.701	6.971	6.939
		Loans and Receivables - Others - Net of Amortization			240.416	244.749	249.161	255.328	258.889	267.104	269.699	264.163	268.167	271.599
		Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions			15.124	14.143	11.960	14.814	10.844	8.930	8.283	6.679	14.898	6.955
	Allowance for Credit Losses-Loans				11.726	11.727	11.777	11.985	12.151	12.584	12.801	12.743	12.814	12.864
		Allowance for Credit Losses-Interbank Loans Receivable			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Allowance for Credit Losses-Loans and Receivables -Other			8.909	8.893	9.155	9.243	9.367	9.631	10.245	10.143	10.232	10.273
		Allowance for Credit Losses-LRARA			0.000	0.000	0.000	0.000	0.006	0.002	0.000	0.000	0.000	0.000
		General Loan Loss Provision (GLLP)			2.816	2.834	2.623	2.742	2.778	2.952	2.555	2.599	2.582	2.591
	Total Loan Portfolio, Net of Allowance for Credit Losses				286.329	300.949	309.143	285.174	288.797	288.940	286.407	280.864	292.034	285.350
	Total ROPA				31.564	31.338	31.498	31.420	31.706	31.826	31.842	30.986	30.801	30.758
		Sales Contract Receivable			5.281	5.234	5.341	5.296	5.259	5.077	5.023	4.924	4.865	5.126
		Non-Current Assets Held for Sale			2.373	2.179	1.976	2.152	2.165	2.178	2.142	2.137	1.942	1.841
		Real and Other Properties Acquired			23.911	23.925	24.181	23.972	24.281	24.571	24.677	23.925	23.994	23.791
	Accumulated Depreciation				0.831	0.827	0.842	0.866	1.135	1.196	0.933	0.999	1.041	0.972
	Unamortized Discount and Other Deferred Credits				0.076	0.076	0.098	0.098	0.109	0.110	0.109	0.110	0.110	0.110
	Allowance for Losses - ROPA				2.008	2.094	2.124	2.063	1.907	1.923	2.281	1.919	1.782	1.501
		Allowance for Credit Losses- Sales Contract Receivable			0.028	0.028	0.024	0.024	0.024	0.024	0.024	0.024	0.024	0.027
		Allowance for Losses -Real and Other Properties Acquired			1.980	2.066	2.100	2.039	1.884	1.899	2.257	1.895	1.758	1.475
		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				28.650	28.341	28.434	28.393	28.554	28.596	28.519	27.958	27.869	28.174
	Total Other Assets, Net				39.605	40.226	39.910	40.084	39.542	39.943	39.648	39.497	39.832	40.203
		Derivatives with Positive Fair Value Held for Hedging			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk			0.014	0.017	0.017	0.017	0.020	0.020	0.005	0.005	0.005	0.004
		Goodwill			0.188	0.188	0.188	0.188	0.188	0.188	0.188	0.468	0.566	0.564
			Allowance for Losses		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Goodwill - Net			0.188	0.188	0.188	0.188	0.188	0.188	0.188	0.468	0.566	0.564
		Accrued Interest Income from Financial Assets			4.368	4.504	4.732	4.885	4.709	4.720	4.430	4.509	4.970	5.388
			Allowance for Credit Losses		1.519	1.580	1.595	1.606	1.571	1.541	1.551	1.490	1.495	1.468
		Accrued Interest Income from Financial Assets, net			2.850	2.924	3.138	3.279	3.138	3.178	2.879	3.019	3.476	3.920
		Bank Premises, Furniture, Fixture and Equipment			17.653	17.691	17.759	17.858	17.817	17.825	17.889	17.479	17.608	17.689
			Accumulated Depreciation		7.033	7.017	7.038	7.109	7.199	7.156	7.206	6.886	6.994	7.042
			Allowance for Losses		0.032	0.044	0.044	0.044	0.044	0.044	0.044	0.044	0.030	0.030
		Bank Premises, Furniture, Fixture and Equipment - Net			10.588	10.630	10.677	10.705	10.574	10.625	10.639	10.549	10.585	10.617
		Other Intangible Assets			0.361	0.364	0.396	0.464	0.508	0.512	0.507	0.519	0.842	0.841
			Accumulated Amortization		0.022	0.019	0.021	0.030	0.032	0.034	0.036	0.038	0.292	0.298
			Allowance for Losses		0.000	0.008	0.009	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Other Intangible Assets, net			0.339	0.337	0.366	0.434	0.476	0.479	0.470	0.480	0.550	0.543
		Deferred Tax Asset			4.945	5.007	5.006	5.124	5.096	5.145	5.402	5.071	5.074	4.738
		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			22.533	23.161	22.579	22.434	22.144	22.388	22.135	21.316	20.968	21.186
			Allowance for Losses		1.852	2.038	2.061	2.098	2.092	2.079	2.070	1.411	1.391	1.370
		Other Assets - Net			20.682	21.123	20.519	20.336	20.052	20.308	20.065	19.904	19.577	19.816
	LIABILITIES AND CAPITAL				484.611	493.564	500.124	483.111	483.289	483.133	482.368	473.373	478.730	481.765
	Liability Accounts				425.037	434.472	442.228	426.010	426.225	424.551	423.899	422.017	427.265	428.310
	Financial Liabilities Held for Trading				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	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				364.354	367.966	373.831	389.048	381.838	386.357	385.657	382.432	388.133	384.847
		Peso			321.418	323.896	327.335	337.967	332.778	336.339	334.234	330.612	336.530	334.131
		Demand & NOW			34.619	35.815	35.846	37.178	36.315	36.453	35.336	34.398	34.945	35.919
		Savings Deposits			116.327	113.720	115.040	115.970	117.016	118.626	118.024	111.140	113.192	113.110
		Time Certificate of Deposits			168.872	172.760	174.849	183.218	177.846	179.659	179.272	183.473	186.792	183.501
		LTNCD			1.601	1.601	1.601	1.601	1.601	1.601	1.601	1.601	1.601	1.601
		Foreign Currency			42.936	44.070	46.496	51.081	49.061	50.019	51.423	51.820	51.603	50.716
	Bills Payable				37.374	43.290	44.486	12.844	20.787	14.711	13.914	15.807	15.511	19.327
		Deposit Substitutes			1.260	1.887	2.227	1.794	1.988	1.768	2.514	2.536	2.560	2.104
		Others			36.114	41.403	42.259	11.050	18.799	12.942	11.400	13.271	12.951	17.223
	Special Financing				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Time Certificate of Deposits  - SF			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		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				2.856	2.860	2.873	2.883	2.877	2.892	2.901	2.918	2.918	2.906
			Unamortized Debt Discount/Premium		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Unsecured Subordinated Debt - Net				2.856	2.860	2.873	2.883	2.877	2.892	2.901	2.918	2.918	2.906
	Redeemable Preferred Shares				0.038	0.034	0.034	0.033	0.033	0.033	0.033	0.033	0.032	0.031
	Total Other Liabilities				20.415	20.322	21.004	21.202	20.689	20.558	21.394	20.828	20.671	21.199
		Due to Other Banks			0.042	0.000	0.004	0.011	0.000	0.000	0.000	0.000	0.000	0.000
		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			0.000	0.000	0.000	0.022	0.022	0.036	0.059	0.076	0.104	0.116
		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			3.509	3.557	3.766	3.895	3.948	3.998	4.100	3.380	3.471	3.683
		Finance Lease Payment Payable			0.002	0.002	0.002	0.002	0.002	0.001	0.001	0.001	0.001	0.001
		Due to Treasurer of the Philippines			0.038	0.039	0.038	0.039	0.039	0.040	0.041	0.039	0.038	0.039
		Treasurer/Cashier/Manager's Checks			2.243	2.335	2.313	2.765	2.614	2.517	2.482	2.124	2.431	2.431
		Payment Orders Payable			0.206	0.145	0.065	0.073	0.079	0.084	0.065	0.072	0.066	0.084
		Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Cash Letters of Credit			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Outstanding Acceptances Executed by or for Account of this Bank			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Due to Bangko Sentral ng Pilipinas			0.057	0.051	0.061	0.069	0.080	0.110	0.231	0.288	0.294	0.299
		Due to Philippine Deposit Insurance Corporation			0.714	0.721	0.728	0.736	0.706	0.713	0.738	0.752	0.766	0.778
		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			0.329	0.298	0.306	0.369	0.382	0.338	0.356	0.393	0.396	0.238
		Other Taxes and Licenses Payable			0.264	0.249	0.253	0.249	0.227	0.228	0.244	0.230	0.233	0.265
		Accrued Expenses			2.843	2.811	2.775	2.852	2.797	2.975	2.987	3.030	2.872	2.654
		Unearned Income			0.824	0.867	0.671	0.655	0.623	0.801	0.848	0.829	0.617	0.654
		Deferred Tax Liabilities			0.159	0.161	0.162	0.181	0.191	0.191	0.181	0.184	0.163	0.160
		Provisions			0.004	0.009	0.010	0.011	0.014	0.015	0.016	0.017	0.017	0.027
		Other Liabilities			9.180	9.077	9.850	9.272	8.966	8.510	9.045	9.413	9.202	9.769
		Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		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				59.573	59.093	57.896	57.101	57.064	58.582	58.469	51.356	51.466	53.455
	Paid in Capital Stock				43.567	43.579	44.005	43.949	43.954	44.841	44.859	42.901	42.897	42.899
	Additional Paid-in Capital				7.475	7.756	7.506	7.545	7.545	7.748	7.748	5.992	5.992	4.983
	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				6.738	6.590	5.563	5.491	5.160	5.046	4.975	3.373	3.401	2.794
	Stock Dividend Distributable				0.000	0.002	0.004	0.004	0.000	0.000	0.000	0.000	0.000	0.000
	Undivided Profits				0.696	0.626	0.686	0.686	0.642	0.638	0.785	0.946	0.711	2.664
	Other Comprehensive Income				0.108	(0.445)	(0.829)	(1.535)	(1.150)	(0.601)	(0.768)	(2.721)	(2.401)	(0.751)
	Appraisal Increment Reserve				0.998	0.995	1.045	1.045	0.996	0.996	0.955	0.950	0.950	0.950
	Treasury Stock				(0.010)	(0.010)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)
	Assigned Capital				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Net Due to HO/Br/Ag				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Key  Ratios
	Cash and Due from Banks to Deposits				17.54	15.24	14.29	15.01	14.30	14.00	14.26	13.09	10.31	12.19
	Liquid Assets to Deposits 3/				35.51	33.53	32.60	33.10	32.92	32.35	32.96	32.52	30.48	33.09
	Loans, gross to Deposits				81.80	84.97	85.85	76.38	78.82	78.04	77.58	76.77	78.54	77.49
	Capital Adequacy Ratio (CAR) 4/
			Solo Basis		15.16			14.50			14.59			12.80
			Consolidated Basis		15.16			14.50			14.59			12.80
	Total Capital Accounts to Total Assets 5/				12.30	11.98	11.58	11.83	11.81	12.13	12.13	10.86	10.76	11.10
	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 5 March 2009