65   SELECTED PERFORMANCE RATIOS
     Non-Banks with Quasi Banking Functions        
     for the periods indicated        
      in percent        
2015
Mar-15 Jun-15 Sep-15 Dec-15
         
Annual Growth Rates 
Balance Sheet
Total Assets  9.7 7.4 7.5 8.2
Cash and Due from Banks 38.6 19.8 7.7 12.5
Interbank Loans Receivables (95.7) (46.2) (100.0) 51.9
Loans, gross (exclusive of IBL) 19.1 15.9 16.9 8.1
Allowance for probable losses 28.8 30.0 22.8 26.4
Loans, net (exclusive of IBL) 18.7 15.4 16.7 7.5
Investments (net) (2.6) (4.7) (0.0) (2.3)
ROPOA, net (15.2) (20.9) (22.0) (24.7)
Other Assets (2.3) (3.5) (7.4) (5.6)
Total Liabilities 10.5 6.8 8.4 10.0
Bills Payable 12.5 8.7 8.9 11.6
Other Liabilities 3.4 (0.3) 6.4 3.9
Total Capital Accounts 7.2 9.6 4.2 2.4
Income Statement 
Total Operating Income (3.9) 2.0 0.7 (1.4)
Net interest income 14.8 14.1 13.1 12.5
Non-interest income (25.5) (17.4) (20.4) (24.3)
Operating Expenses 6.4 10.9 9.9 8.7
Bad debt expenses/Provisions 11.4 18.1 13.5 9.2
Other operating expenses 4.4 7.8 8.2 8.5
Net Operating Income (15.8) (10.9) (13.4) (16.7)
Extraordinary Credits (37.9) (30.5) (6.0) (10.6)
Net Income After Tax (22.6) (15.8) (15.4) (19.1)
Key Financial Ratios
      NPL Ratio (inclusive of IBL) 5.7 5.5 5.5 5.3
      NPL Ratio (exclusive of IBL) 5.7 5.5 5.5 5.5
      NPA to Gross Assets 3.0 2.9 2.8 2.9
     Cash and due from banks to Bills Payable 25.7 26.0 25.2 26.2
     Liquid Assets to Bills Payable  
     Loans (gross)  to Bills Payable 78.4 78.3 72.6 80.7
     Earning Asset Yield * 1/ 10.7 22.2 31.3 52.1
      Funding Cost * 2/ 0.9 1.8 2.5 3.7
      Interest Spread * 3/ 9.8 20.4 28.8 48.3
      Net Interest Margin * 4/ 8.1 16.7 23.4 39.0
      Net Interest Income to Total Operating Income  64.0 68.8 70.9 70.9
      Cost to Income Ratio * 5/ 41.7 43.5 44.2 44.1
      Return on Assets  1.0 1.5 1.9 2.7
      Return on Equity 4.4 6.8 9.1 11.7
      Total Capital Accounts to Total Assets 23.2 22.9 20.8 22.2
      Paid in Capital to Total Capital Accounts 23.9 41.8 42.0 42.2
         
 
* 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 15 February 2016