57   SELECTED ASSET QUALITY INDICATORS
	Rural Banking System p/
	as of end of periods indicated
	in billion pesos
	ACCOUNTS		Mar-08	Jun-08	Sep-08	Dec-08
	Levels
	TOTAL ASSETS		155.995	161.088	161.042	146.089
	GROSS ASSETS 1/		159.894	165.205	165.250	150.176
	TOTAL LOAN PORTFOLIO (TLP), GROSS		99.016	102.202	100.799	96.743
	ALLOWANCE FOR CREDIT LOSSES - LOANS		3.520	3.751	3.824	3.723
	INTERBANK LOANS RECEIVABLES		0.000	0.000	0.000	0.000
	RESTRUCTURED LOANS(RL), GROSS		0.944	0.802	0.593	0.599
	RESTRUCTURED LOANS, PERFORMING		0.648	0.580	0.387	0.413
	NON-PERFORMING LOANS 2/		9.783	10.111	10.096	9.749
	REAL AND OTHER PROPERTIES ACQUIRED (ROPA)		7.993	9.626	7.993	7.640
	ROPA, GROSS (Inclusive of Performing SCR)		11.933	13.463	15.856	8.443
	ALLOWANCE FOR ROPA		0.379	0.366	0.384	0.364
	ROPA, GROSS 3/		8.061	9.698	12.081	7.714
	NON-CURRENT ASSETS HELD FOR SALE *		0.000	0.000	0.000	0.000
	NON-PERFORMING ASSETS (NPA) 4/		17.844	19.809	22.177	17.463
	ALLOWANCE ON NPA 5/		3.899	4.118	4.208	4.087
	DISTRESSED ASSETS 6/		18.493	20.389	22.564	17.876
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)		3.872	3.765	3.775	0.729
	NON-PERFORMING SCR		0.068	0.073	0.068	0.074
	PAST DUE LOANS		11.679	12.058	12.197	11.860
	Annual Growth Rates
	TOTAL ASSETS		17.56	15.72	13.26	(2.26)
	GROSS ASSETS 1/		17.53	15.83	13.54	(1.93)
	TOTAL LOAN PORTFOLIO (TLP), GROSS		23.79	19.53	14.49	3.92
	ALLOWANCE FOR CREDIT LOSSES - LOANS		15.87	21.71	26.66	12.08
	INTERBANK LOANS RECEIVABLES		-	-	-	-
	RESTRUCTURED LOANS(RL), GROSS		(0.31)	(16.83)	(38.86)	(35.82)
	RESTRUCTURED LOANS, PERFORMING		(7.70)	(18.60)	(46.32)	(40.33)
	NON-PERFORMING LOANS 2/		12.04	12.05	15.55	6.62
	REAL AND OTHER PROPERTIES ACQUIRED (ROPA)		4.97	4.97	4.97	(1.81)
	ROPA, GROSS (Inclusive of Performing SCR)		10.32	26.64	41.50	(27.88)
	ALLOWANCE FOR ROPA		20.98	10.14	14.25	2.14
	ROPA, GROSS 3/		4.41	22.50	54.84	(1.63)
	NON-CURRENT ASSETS HELD FOR SALE *		-	-	-	-
	NON-PERFORMING ASSETS (NPA) 4/		8.46	16.93	34.08	2.81
	ALLOWANCE ON NPA 5/		16.35	20.58	25.42	11.11
	DISTRESSED ASSETS 6/		7.80	15.50	30.72	1.12
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)		25.05	21.57	21.90	(81.13)
	NON-PERFORMING SCR		(35.28)	(35.28)	(35.28)	22.66
	PAST DUE LOANS		10.52	11.11	12.59	4.08
	Selected Ratios  (%)
	Past Due Ratio		11.74	11.74	12.03	11.74
	RL to TLP		0.95	0.78	0.58	0.78
	LLR to TLP		3.56	3.67	3.79	3.85
	NPL Ratio (inclusive of IBL)		9.88	9.89	10.02	10.08
	NPL Ratio (exclusive of IBL)		0.00	9.89	10.02	10.08
	NPL Coverage7/		35.98	37.10	37.88	38.19
	NPA to Gross Assets		11.16	11.99	13.42	11.63
	NPA Coverage 8/		21.85	20.79	18.97	23.40
	Distressed Assets 9/		16.67	17.63	19.34	16.99
	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