62  CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
A. MICROFINANCE BANKS 1/
as of end of periods indicated
in billion pesos
					TOTAL MICROFINANCE BANKS					MICROFINANCE-ORIENTED BANKS					BANKS ENGAGED IN MF OPERATIONS
					Mar'07	Jun'07	Sept '07	Dec '07		Mar'07	Jun'07	Sept '07	Dec '07		Mar'07	Jun'07	Sept '07	Dec '07
	OPERATING INCOME				2.577	5.660	8.371	10.899		0.173	0.376	0.639	0.978		2.404	5.283	7.732	9.921
	Net Interest Income				1.671	3.761	5.444	7.670		0.065	0.146	0.243	0.355		1.606	3.615	5.202	7.315
		Interest Income			3.233	7.030	10.869	14.683		0.073	0.161	0.268	0.402		3.161	6.869	10.601	14.281
		Less: Interest Expense			1.562	3.268	5.424	7.013		0.008	0.015	0.025	0.047		1.555	3.254	5.399	6.966
	Non-Interest Income				0.906	1.898	2.927	3.229		0.108	0.231	0.396	0.623		0.798	1.668	2.531	2.606
		Fee-based Income			0.492	1.179	1.752	2.028		0.052	0.111	0.188	0.282		0.440	1.068	1.565	1.746
		Trading Income/(Loss)			0.144	0.123	0.138	0.144		0.005	0.009	0.016	0.034		0.140	0.115	0.121	0.109
		Trust Department Income			0.046	0.100	0.172	0.265		0.046	0.100	0.172	0.265		(0.000)	(0.000)	(0.000)	(0.000)
		Other Income/(Loss)			0.224	0.496	0.865	0.793		0.006	0.011	0.020	0.042		0.218	0.486	0.845	0.751
	OPERATING EXPENSES				1.979	4.026	6.290	8.480		0.074	0.149	0.244	0.360		1.905	3.877	6.046	8.120
		Bad Debts Written Off			0.031	0.036	0.041	0.066		0.034	0.035	0.035	0.042		(0.003)	0.002	0.006	0.023
		Provisions			0.079	0.156	0.244	0.258		(0.027)	(0.023)	(0.020)	(0.030)		0.105	0.179	0.264	0.288
		Other Operating Expenses			1.869	3.834	6.005	8.157		0.066	0.138	0.229	0.347		1.803	3.696	5.776	7.810
		Overhead Costs			1.211	2.476	3.692	5.207		0.042	0.087	0.142	0.223		1.169	2.389	3.550	4.983
		Other Expenses			0.658	1.358	2.313	2.950		0.024	0.051	0.087	0.124		0.634	1.307	2.226	2.826
		NET OPERATING INCOME (LOSS)			0.598	1.634	2.081	2.419		0.099	0.227	0.395	0.619		0.499	1.406	1.686	1.800
		EXTRAORDINARY CREDITS/(CHARGES)			0.093	0.210	0.266	0.372		0.000	0.001	0.002	0.003		0.093	0.209	0.264	0.369
		NET INCOME/(LOSS) BEFORE TAX			0.691	1.844	2.347	2.791		0.099	0.229	0.397	0.622		0.592	1.615	1.950	2.169
		Provision for Income Tax			0.062	0.146	0.238	0.384		(0.002)	(0.000)	0.005	0.007		0.064	0.146	0.234	0.377
		NET INCOME/(LOSS) AFTER TAX			0.629	1.697	2.108	2.407		0.101	0.229	0.392	0.615		0.528	1.469	1.716	1.792
	Cost to Income Ratio (%)				72.5	67.7				38.2	36.6				75.0	70.0
	Return on Assets (%)
	Return on Equity (%)
r/ Revised
p/ Preliminary
1/ Consists of Thrift Banks and Rural & Cooperative Banks
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector