65   SELECTED PERFORMANCE RATIOS
     Non-Banks with Quasi Banking Functions        
     for the periods indicated        
      in percent        
2017
Mar-17 Jun-17 Sep-17 Dec-17
         
Annual Growth Rates 
Balance Sheet
Total Assets  12.3 15.3 12.3 18.0
Cash and Due from Banks (0.5) (3.1) (3.4) 11.5
Interbank Loans Receivables (100.0) 1,554.4 80.6  
Loans, gross (exclusive of IBL) 26.2 27.5 23.9 25.1
Allowance for probable losses (10.9) (3.7) 14.5 10.3
Loans, net (exclusive of IBL) 27.6 28.6 24.1 25.5
Investments (net) (12.2) 2.6 (5.8) 3.6
ROPOA, net 1.1 2.9 12.1 13.1
Other Assets (6.1) (11.1) 2.2 (1.2)
Total Liabilities 15.7 23.1 16.9 19.8
Bills Payable 18.0 26.6 21.3 28.9
Other Liabilities 7.0 10.0 (1.1) (13.4)
Total Capital Accounts 1.1 (9.5) (2.8) 11.1
Income Statement 
Total Operating Income 26.3 16.8 18.5 17.9
Net interest income 27.1 23.1 25.5 24.0
Non-interest income 24.2 4.1 3.7 4.3
Operating Expenses 4.5 5.1 7.2 4.0
Bad debt expenses/Provisions (8.2) 5.8 8.3 2.6
Other operating expenses 12.5 4.7 6.6 4.7
Net Operating Income 70.1 35.5 35.7 40.3
Extraordinary Credits (34.1) (14.6) (22.1) 13.1
Net Income After Tax 42.0 28.7 26.9 41.9
Key Financial Ratios
      NPL Ratio (inclusive of IBL) 4.0 4.0 3.7 3.8
      NPL Ratio (exclusive of IBL) 4.0 4.0 3.8 3.8
      NPA to Gross Assets 2.6 2.7 2.7 2.7
     Cash and due from banks to Bills Payable 25.4 23.0 22.6 23.7
     Liquid Assets to Bills Payable        
     Loans (gross)  to Bills Payable 92.0 94.5 97.3 94.7
     Earning Asset Yield  1/ 6.6 0.0 18.8 24.2
      Funding Cost  2/ 0.9 0.0 2.8 3.6
      Interest Spread  3/ 5.6 0.0 16.0 20.6
      Net Interest Margin  4/ 5.0 0.0 14.4 18.6
      Net Interest Income to Total Operating Income  70.2 70.5 71.8 72.7
      Cost to Income Ratio  5/ 36.4 36.2 35.7 35.7
      Return on Assets  1.0 0.0 3.0 3.9
      Return on Equity 4.4 0.0 13.8 19.5
      Total Capital Accounts to Total Assets 21.0 18.8 19.9 19.5
      Paid in Capital to Total Capital Accounts 30.4 31.2 31.4 31.1
         
 
/r Revised 
1/ Annualized; Interest Income to Average Earning Assets
2/ Annualized;Interest Expenses to Average Interest-Bearing Liabilities
3/ Annualized;Earning Asset Yield less Funding Cost
4/ Annualized;Net Interest Income to Average Earning Assets
5/ Annualized;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 2018