62   SELECTED ASSET QUALITY INDICATORS
	Cooperative Banking System p/
	as of end of periods indicated
	in billion pesos
	ACCOUNTS		Mar -08 r/	Jun-08	Sep-08	Dec-08
	Levels
	TOTAL ASSETS		10.969	11.501	12.209	12.874
	GROSS ASSETS 1/		1.310	11.920	12.654	13.322
	TOTAL LOAN PORTFOLIO (TLP), GROSS		7.797	8.278	8.819	9.255
	ALLOWANCE FOR CREDIT LOSSES - LOANS		0.325	0.408	0.434	0.437
	INTERBANK LOANS RECEIVABLES		-	-	-	-
	RESTRUCTURED LOANS(RL), GROSS		0.156	0.166	0.172	0.172
	RESTRUCTURED LOANS, PERFORMING		0.106	0.115	0.115	0.114
	NON-PERFORMING LOANS 2/		0.801	0.844	0.855	0.840
	REAL AND OTHER PROPERTIES ACQUIRED (ROPA)		0.396	0.403	0.396	0.440
	ROPA, GROSS (Inclusive of Performing SCR)		0.434	0.445	0.458	0.474
	ALLOWANCE FOR ROPA		0.010	0.011	0.011	0.011
	ROPA, GROSS 3/		0.403	0.410	0.433	0.444
	NON-CURRENT ASSETS HELD FOR SALE *		-	-	-	-
	NON-PERFORMING ASSETS (NPA) 4/		1.204	1.254	1.288	1.284
	ALLOWANCE ON NPA 5/		0.335	0.419	0.444	0.448
	DISTRESSED ASSETS 6/		1.310	1.369	1.403	1.398
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)		0.032	0.035	0.025	0.030
	NON-PERFORMING SCR		0.007	0.008	0.007	0.004
	PAST DUE LOANS		0.939	0.970	0.957	0.922
	Annual Growth Rates
	TOTAL ASSETS		17.85	17.05	18.83	19.38
	GROSS ASSETS 1/		(86.41)	17.03	19.29	19.51
	TOTAL LOAN PORTFOLIO (TLP), GROSS		22.32	24.57	24.17	22.73
	ALLOWANCE FOR CREDIT LOSSES - LOANS		(0.90)	16.27	33.69	23.11
	INTERBANK LOANS RECEIVABLES		-	-	-	-
	RESTRUCTURED LOANS(RL), GROSS		24.89	13.69	9.56	8.96
	RESTRUCTURED LOANS, PERFORMING		5.28	4.87	7.04	0.79
	NON-PERFORMING LOANS 2/		1.02	(2.42)	(10.55)	(14.71)
	REAL AND OTHER PROPERTIES ACQUIRED (ROPA)		0.65	0.65	0.65	6.15
	ROPA, GROSS (Inclusive of Performing SCR)		4.99	3.39	4.77	4.59
	ALLOWANCE FOR ROPA		26.27	19.90	23.42	22.76
	ROPA, GROSS 3/		0.73	(0.04)	6.64	5.41
	NON-CURRENT ASSETS HELD FOR SALE *		-	-	-	-
	NON-PERFORMING ASSETS (NPA) 4/		0.92	(1.66)	(5.43)	(8.68)
	ALLOWANCE ON NPA 5/		(0.23)	16.36	33.43	23.10
	DISTRESSED ASSETS 6/		1.26	(1.14)	(4.52)	(7.98)
	PERFORMING SALES CONTRACT RECEIVABLES (SCR)		128.51	150.46	82.77	(6.20)
	NON-PERFORMING SCR		5.28	5.28	5.28	(37.26)
	PAST DUE LOANS		(1.89)	(8.94)	(15.95)	(17.75)
	Selected Ratios  (%)
	Past Due Ratio		11.98	11.70	10.85	11.70
	RL to TLP		1.99	2.01	1.94	2.01
	LLR to TLP		4.17	4.93	4.92	4.72
	NPL Ratio (inclusive of IBL)		10.27	10.20	9.69	9.08
	NPL Ratio (exclusive of IBL)		10.27	10.20	9.69	9.08
	NPL Coverage7/		40.56	48.37	50.75	52.01
	NPA to Gross Assets		91.87	10.52	10.18	9.64
	NPA Coverage 8/		27.86	33.42	34.52	34.90
	Distressed Assets 9/		15.92	15.70	15.12	14.37
	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