65   SELECTED PERFORMANCE RATIOS
     Non-Banks with Quasi Banking Functions        
     for the periods indicated        
      in percent        
2008
Mar June Sept December
 
Annual Growth Rates 
Balance Sheet
Total Assets  6.7 26.3 52.1 40.1
Cash and Due from Banks 7.5 46.9 55.9 44.8
Interbank Loans Receivables (81.9) (95.1) (59.5) 239.7
Loans, gross (exclusive of IBL) 38.9 58.3 129.5 175.6
Allowance for probable losses 4.0 (1.5) 126.4 122.1
Loans, net (exclusive of IBL) 40.7 61.9 129.6 178.4
Investments (net) 6.0 26.5 19.7 (3.7)
ROPOA, net (3.2) 6.4 (0.6) 2.3
Other Assets (4.5) (9.8) 31.7 48.4
Total Liabilities 12.4 47.1 78.9 61.9
Bills Payable 8.3 42.8 73.5 55.3
Other Liabilities 85.5 105.6 166.6 189.6
Total Capital Accounts (4.4) (10.5) 2.0 (7.0)
Income Statement 
Total Operating Income (60.4) (59.6) 49.7 63.0
Net interest income (22.3) (14.6) 129.1 161.4
Non-interest income (76.9) (81.1) (1.4) (4.0)
Operating Expenses 39.3 (1.9) 192.9 219.1
Bad debt expenses/Provisions 333.8 (84.0) 414.5 2,737.5
Other operating expenses 34.4 18.6 152.0 138.2
Net Operating Income (85.3) (86.3) (33.2) (33.9)
Extraordinary Credits (57.5) (45.5) (6.3) (25.3)
Net Income After Tax (91.6) (84.7) (45.5) (46.6)
Key Financial Ratios
      NPL Ratio (inclusive of IBL)                                         3.0                                        3.0                                                   5.1                                                   5.1
      NPL Ratio (exclusive of IBL)                                         3.1                                        3.1                                                   5.1                                                   5.2
      NPA to Gross Assets                                         3.2                                        3.2                                                   3.7                                                   3.6
     Cash and due from banks to Bills Payable                                       22.6                                      24.1                                                 21.5                                                 20.3
     Liquid Assets to Bills Payable                                       84.0                                        0.8                                                   0.7                                                 64.5
     Loans (gross)  to Bills Payable                                       49.9                                      44.1                                                 56.8                                                 54.6
     Earning Asset Yield * 1/                                         7.4                                        8.4                                                 12.6                                                 14.4
      Funding Cost * 2/                                         4.0                                        4.7                                                   5.7                                                   6.1
      Interest Spread * 3/                                         3.4                                        3.6                                                   7.0                                                   8.3
      Net Interest Margin * 4/                                         3.8                                        4.0                                                   7.3                                                   8.6
      Net Interest Income to Total Operating Income                                        50.3                                      64.4                                                 58.5                                                 65.0
      Cost to Income Ratio * 5/                                       53.2                                      70.1                                                 54.0                                                 54.2
      Return on Assets                                          3.2                                        2.0                                                   2.9                                                   2.2
      Return on Equity                                       10.1                                        6.7                                                 10.3                                                   8.8
      Total Capital Accounts to Total Assets                                       30.0                                      25.6                                                 23.3                                                 21.0
      Paid in Capital to Total Capital Accounts                                       62.4                                      64.9                                                 61.1                                                 64.6
         
 
* Annualized
1/ Refers to the ratio of Interest Income to Average Earning Assets
2/ Refers to the ratio of Interest Expenses to Average Interest-Bearing Liabilities
3/ Refers to the difference between Earning Asset Yield and Funding Cost
4/ Refers to the ratio of Net Interest Income to Average Earning Assets
5/ Refers to the ratio of Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income
Note: Details may not add up to totals due to rounding-off
Source: Supervisory Data Center, Supervision and Examination Sector
Updated as of 16 April 2009