52   SELECTED ASSET QUALITY INDICATORS          
             Rural and Cooperative Banking System p/        
             as of end of periods indicated        
             in billion pesos        
         
  ACCOUNTS Mar-08 Jun-08 Sep-08 Dec-08
             
  Levels    
  TOTAL ASSETS                                      166.964                              172.588                               173.252                               158.962
  GROSS ASSETS 1/                                      161.204                              177.125                               177.904                               163.498
  TOTAL LOAN PORTFOLIO (TLP), GROSS                                       106.813                              110.480                               109.618                               105.997
  ALLOWANCE FOR CREDIT LOSSES - LOANS                                          3.845                                  4.160                                   4.258                                   4.160
  INTERBANK LOANS RECEIVABLES                                                -                                         -                                           -                                           -  
  RESTRUCTURED LOANS(RL), GROSS                                          1.101                                  0.968                                   0.764                                   0.771
  RESTRUCTURED LOANS, PERFORMING                                          0.755                                  0.695                                   0.502                                   0.527
  NON-PERFORMING LOANS 2/                                        10.584                                10.955                                 10.951                                 10.589
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                                          8.389                                10.028                                   8.389                                   8.079
  ROPA, GROSS (Inclusive of Performing SCR)                                        12.367                                13.908                                 16.314                                   8.918
  ALLOWANCE FOR ROPA                                          0.389                                  0.377                                   0.394                                   0.375
  ROPA, GROSS 3/                                          8.463                                10.109                                 12.513                                   8.158
  NON-CURRENT ASSETS HELD FOR SALE *                                                -                                         -                                           -                                           -  
  NON-PERFORMING ASSETS (NPA) 4/                                        19.048                                21.064                                 23.464                                 18.748
  ALLOWANCE ON NPA 5/                                          4.235                                  4.537                                   4.652                                   4.535
  DISTRESSED ASSETS 6/                                        19.803                                21.759                                 23.967                                 19.275
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                                          3.904                                  3.799                                   3.800                                   0.759
  NON-PERFORMING SCR                                          0.075                                  0.080                                   0.081                                   0.079
  PAST DUE LOANS                                        12.618                                13.028                                 13.154                                 12.782
   
  Annual Growth Rates  
  TOTAL ASSETS                                          17.58                                  15.80                                   13.64                                   (0.80)
  GROSS ASSETS 1/                                          17.51                                  15.91                                   13.93                                   (0.48)
  TOTAL LOAN PORTFOLIO (TLP), GROSS                                           23.68                                  19.89                                   15.21                                     5.33
  ALLOWANCE FOR CREDIT LOSSES - LOANS                                          14.24                                  21.15                                   27.35                                   13.14
  INTERBANK LOANS RECEIVABLES                                                -                                         -                                           -                                           -  
  RESTRUCTURED LOANS(RL), GROSS                                            2.63                                (12.81)                                 (32.13)                                 (29.35)
  RESTRUCTURED LOANS, PERFORMING                                           (6.06)                                (15.47)                                 (39.41)                                 (34.54)
  NON-PERFORMING LOANS 2/                                          11.12                                  10.78                                   12.97                                     4.55
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                                            4.76                                    4.76                                     4.76                                   (1.40)
  ROPA, GROSS (Inclusive of Performing SCR)                                          10.12                                  25.74                                   40.12                                 (26.67)
  ALLOWANCE FOR ROPA                                          21.12                                  10.40                                   14.48                                     2.65
  ROPA, GROSS 3/                                            4.23                                  21.38                                   52.45                                   (1.27)
  NON-CURRENT ASSETS HELD FOR SALE *                                                -                                         -                                           -                                           -  
  NON-PERFORMING ASSETS (NPA) 4/                                            7.95                                  15.63                                   31.08                                     1.93
  ALLOWANCE ON NPA 5/                                          14.84                                  20.18                                   26.15                                   12.19
  DISTRESSED ASSETS 6/                                            7.34                                  14.29                                   27.96                                     0.40
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                                          25.51                                  22.14                                   22.17                                 (80.51)
  NON-PERFORMING SCR                                         (32.85)                                (32.85)                                 (32.85)                                   16.33
  PAST DUE LOANS                                            9.48                                    9.31                                     9.88                                     2.13
   
  Selected Ratios  (%)  
   
       Past Due Ratio 11.76 11.74 11.94 11.74
       RL to TLP 1.03 0.87 0.69 0.87
       LLR to TLP 3.60 3.77 3.88 3.92
       NPL Ratio (inclusive of IBL) 9.91 9.92 9.99 9.99
       NPL Ratio (exclusive of IBL) 9.91 9.92 9.99 9.99
       NPL Coverage7/ 36.33 37.97 38.88 39.28
       NPA to Gross Assets  11.13 11.89 13.19 11.47
       NPA Coverage 8/ 22.23 21.54 19.83 24.19
       Distressed Assets 9/   16.62 17.49 19.03 16.77
   
  p/ Preliminary
  *  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/Includes Real and Other Properties Acquired (ROPA) +  Non- Performing Sales Contract Receivable (SCR) + Non-Current Assets Held for Sale for financial ratio analysis
  4/Non-Performing Loans + ROPA, Gross
  5/ Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA
  6/ Non-Performing Assets (NPA) + Performing Restructured Loans (RL)
  7/ Ratio of Allowance for Credit Losses - Loans to Non-Performing Loans
  8/ Ratio of Allowance on NPA to NPA
  9/ 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 6 May 2009