65   SELECTED PERFORMANCE RATIOS
     Non-Banks with Quasi Banking Functions        
     for the periods indicated        
      in percent        
2014
Mar-14 Jun-14 Sep-14 Dec-14
         
Annual Growth Rates 
Balance Sheet
Total Assets  7.0 1.6 12.0 6.9
Cash and Due from Banks 3.4 (11.2) 11.3 13.9
Interbank Loans Receivables 2,693.5 1,953.2 542.0 **
Loans, gross (exclusive of IBL) 15.1 19.8 18.2 21.9
Allowance for probable losses 7.4 14.8 24.2 33.0
Loans, net (exclusive of IBL) 15.4 20.0 18.0 21.5
Investments (net) (5.7) (10.8) 6.1 (14.4)
ROPOA, net (13.5) (9.8) (0.5) 4.3
Other Assets 16.2 8.6 11.2 3.6
Total Liabilities 7.2 4.2 19.9 8.0
Bills Payable 5.0 1.3 22.3 7.2
Other Liabilities 15.9 16.8 10.7 11.2
Total Capital Accounts 6.1 (6.5) (9.8) 3.6
Income Statement 
Total Operating Income (1.5) (15.9) (5.1) (2.1)
Net interest income 24.5 25.4 25.2 31.9
Non-interest income (20.5) (43.7) (31.7) (30.6)
Operating Expenses 16.0 (5.2) 2.2 1.2
Bad debt expenses/Provisions 14.5 23.8 33.0 31.3
Other operating expenses 16.6 (14.0) (7.9) (9.3)
Net Operating Income (14.7) (26.1) (13.1) (5.6)
Extraordinary Credits 358.7 (73.2) (76.5) (83.0)
Net Income After Tax (42.8) (64.3) (55.5) (57.0)
Key Financial Ratios
      NPL Ratio (inclusive of IBL) 5.0 5.0 5.2 4.9
      NPL Ratio (exclusive of IBL) 5.2 5.0 5.2 5.0
      NPA to Gross Assets 2.7 2.7 2.6 2.8
     Cash and due from banks to Bills Payable 20.9 23.6 25.5 26.0
     Liquid Assets to Bills Payable  
     Loans (gross)  to Bills Payable 77.1 73.6 67.8 82.6
     Earning Asset Yield * 1/ 5.4 10.8 28.1 43.5
      Funding Cost * 2/ 0.8 1.4 2.1 2.3
      Interest Spread * 3/ 4.6 9.4 26.1 41.2
      Net Interest Margin * 4/ 4.3 8.6 22.4 36.4
      Net Interest Income to Total Operating Income  53.4 60.0 61.6 61.4
      Cost to Income Ratio * 5/ 36.3 38.2 38.1 35.7
      Return on Assets  0.9 1.7 2.4 3.8
      Return on Equity 4.0 7.3 10.1 16.0
      Total Capital Accounts to Total Assets 23.8 22.5 21.4 23.5
      Paid in Capital to Total Capital Accounts 27.5 28.0 25.4 24.8
         
 
* Annualized
1/ Interest Income to Average Earning Assets
2/ Interest Expenses to Average Interest-Bearing Liabilities
3/ Earning Asset Yield less Funding Cost
4/ Net Interest Income to Average Earning Assets
5/ Operating Expenses (exclusive of Bad Debts and Provisions) to Total Operating Income
** Cannot be computed as amount for base year is equal to zero (0)
Note: Details may not add up to totals due to rounding-off
Source: Supervisory Data Center, Supervision and Examination Sector, Bangko Sentral ng Pilipinas
Updated as of 16 February 2015