7   SELECTED ASSET QUALITY INDICATORS       
          Philippine Banking System p/
          as of end of periods indicated
           in billion pesos
             
  ACCOUNTS March-08 r/ June-08 r/ Sept-08 r/ Dec-08
             
  Levels  
  TOTAL ASSETS 5,078.511 5,322.995 5,378.152 5,675.681
  GROSS ASSETS 1/ 5,200.810 5,456.631 5,511.188 5,806.806
  TOTAL LOAN PORTFOLIO (TLP), GROSS  2,524.486 2,750.508 2,734.130 2,904.541
  ALLOWANCE FOR CREDIT LOSSES - LOANS 103.269 104.656 103.641 103.223
  INTERBANK LOANS RECEIVABLES 323.239 361.472 279.870 241.688
  RESTRUCTURED LOANS(RL), GROSS 67.574 64.498 63.278 60.500
  RESTRUCTURED LOANS, PERFORMING 39.069 35.606 33.878 34.644
  NON-PERFORMING LOANS 2/ 126.636 124.429 124.380 120.000
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA) 165.736 163.565 159.052 156.027
  ROPA, GROSS (Inclusive of Performing SCR) 206.308 202.874 202.827 191.931
  ALLOWANCE FOR ROPA 3/ 29.026 28.980 29.396 27.902
  ROPA, GROSS 4/ 187.497 182.733 182.581 175.458
  NON-CURRENT ASSETS HELD FOR SALE * 14.507 13.838 14.437 12.556
  NON-PERFORMING ASSETS (NPA) 5/ 314.134 307.162 306.960 295.460
  ALLOWANCE ON NPA 6/ 132.295 133.637 133.036 131.125
  DISTRESSED ASSETS 7/ 353.202 342.769 340.839 330.104
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 18.811 20.141 20.245 16.472
  NON-PERFORMING SCR 7.254 5.329 5.048 6.876
  PAST DUE LOANS 154.089 153.216 156.982 151.201
   
  Annual Growth Rates  
  TOTAL ASSETS 2.01 8.59 9.01 10.55
  GROSS ASSETS 1/ 2.22 7.39 8.94 10.48
  TOTAL LOAN PORTFOLIO (TLP), GROSS  4.05 16.63 13.02 12.15
  ALLOWANCE FOR CREDIT LOSSES - LOANS 1.27 2.69 (2.86) (0.84)
  INTERBANK LOANS RECEIVABLES (28.51) (15.38) (31.61) (37.78)
  RESTRUCTURED LOANS(RL), GROSS (18.01) (19.45) (16.61) (15.21)
  RESTRUCTURED LOANS, PERFORMING (16.61) (18.70) (19.34) (15.72)
  NON-PERFORMING LOANS 2/ (8.65) (8.31) (6.85) (6.05)
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA) (10.74) (12.10) (22.32) (21.57)
  ROPA, GROSS (Inclusive of Performing SCR) (1.65) (2.63) (0.94) (12.13)
  ALLOWANCE FOR ROPA 3/ 65.21 (17.99) 61.19 56.18
  ROPA, GROSS 4/ (1.95) (4.10) 15.47 (14.44)
  NON-CURRENT ASSETS HELD FOR SALE * 0.00 0.00 0.00 0.00
  NON-PERFORMING ASSETS (NPA) 5/ (4.77) (5.85) (4.04) (3.82)
  ALLOWANCE ON NPA 6/ 10.67 11.91 6.49 7.51
  DISTRESSED ASSETS 7/ (9.93) (11.01) (9.54) (9.27)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR) 1.45 10.69 10.12 (15.40)
  NON-PERFORMING SCR 30.50 (10.16) (5.77) 12.31
  PAST DUE LOANS (5.30) (2.95) 0.20 3.50
   
  Selected Ratios  (%)  
   
       Past Due Ratio 6.05 5.54 5.70 5.17
       RL to TLP 2.66 2.32 2.31 2.08
       LLR to TLP 4.09 3.80 3.79 3.55
       NPL Ratio (inclusive of IBL) 5.02 4.52 4.55 4.13
       NPL Ratio (exclusive of IBL) 5.75 5.21 5.07 4.51
       NPL Coverage 8/ 81.55 84.11 83.33 86.02
       NPA to Gross Assets  6.04 5.63 5.57 5.09
       NPA Coverage 9/ 42.11 43.51 43.34 44.38
       Distressed Assets 10/   12.93 11.61 11.61 10.66
  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/Consists of Allowance for Losses (ROPA), Accumulated Depreciation (ROPA) and Allowance for Credit Losses - SCR
4/Includes Real and Other Properties Acquired (ROPA) +  Non- Performing Sales Contract Receivable (SCR) + Non-Current Assets Held for Sale for financial ratio analysis
5/Non-Performing Loans + ROPA, Gross
6/ Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA
7/ Non-Performing Assets (NPA) + Performing Restructured Loans (RL)
8/ Ratio of Allowance for Credit Losses - Loans to Non-Performing Loans
9/ Ratio of Allowance on NPA to NPA
10/ 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