62  CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
C. BANKS ENGAGED IN MICROFINANCE OPERATIONS
as of end of periods indicated
in billion pesos
					TOTAL					THRIFT BANKS					RURAL AND COOPERATIVE BANKS
					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				2.404	5.283	7.732	9.921		0.942	1.791	2.714	3.587		1.462	3.493	5.019	6.333
	Net Interest Income				1.606	3.615	5.202	7.315		0.675	1.436	2.236	3.002		0.931	2.179	2.965	4.312
		Interest Income			3.161	6.869	10.601	14.281		1.457	2.933	4.839	6.792		1.703	3.936	5.762	7.489
		Less: Interest Expense			1.555	3.254	5.399	6.966		0.782	1.497	2.603	3.789		0.772	1.757	2.796	3.177
	Non-Interest Income				0.798	1.668	2.531	2.606		0.267	0.354	0.477	0.585		0.531	1.314	2.053	2.021
		Fee-based Income			0.440	1.068	1.565	1.746		0.093	0.168	0.245	0.329		0.347	0.900	1.319	1.417
		Trading Income/(Loss)			0.140	0.115	0.121	0.109		0.139	0.113	0.117	0.103		0.001	0.002	0.004	0.006
		Trust Department Income			(0.000)	(0.000)	(0.000)	(0.000)		(0.000)	(0.000)	(0.000)	(0.000)		0.000	0.000	0.000	0.000
		Other Income/(Loss)			0.218	0.486	0.845	0.751		0.035	0.074	0.115	0.153		0.183	0.412	0.729	0.598
	OPERATING EXPENSES				1.905	3.877	6.046	8.120		0.731	1.420	2.022	2.838		1.174	2.457	4.024	5.282
		Bad Debts Written Off			(0.003)	0.002	0.006	0.023		(0.003)	0.000	0.000	0.000		0.000	0.002	0.006	0.023
		Provisions			0.105	0.179	0.264	0.288		0.053	0.072	0.084	0.086		0.052	0.108	0.180	0.201
		Other Operating Expenses			1.803	3.696	5.776	7.810		0.681	1.348	1.938	2.752		1.122	2.348	3.838	5.057
		Overhead Costs			1.169	2.389	3.550	4.983		0.446	0.882	1.235	1.788		0.723	1.507	2.314	3.195
		Other Expenses			0.634	1.307	2.226	2.826		0.235	0.467	0.703	0.964		0.399	0.841	1.524	1.862
		NET OPERATING INCOME (LOSS)			0.499	1.406	1.686	1.800		0.211	0.371	0.691	0.749		0.287	1.036	0.995	1.051
		EXTRAORDINARY CREDITS/(CHARGES)			0.093	0.209	0.264	0.369		0.048	0.121	0.111	0.160		0.045	0.087	0.153	0.209
		NET INCOME/(LOSS) BEFORE TAX			0.592	1.615	1.950	2.169		0.259	0.492	0.802	0.909		0.332	1.123	1.148	1.260
		Provision for Income Tax			0.064	0.146	0.234	0.377		0.036	0.079	0.123	0.205		0.027	0.067	0.111	0.172
		NET INCOME/(LOSS) AFTER TAX			0.528	1.469	1.716	1.792		0.223	0.413	0.679	0.704		0.305	1.056	1.037	1.088
	Cost to Income Ratio (%)				75.0	70.0				72.3	75.3				76.7	67.2
	Return on Assets (%)
	Return on Equity (%)
r/ Revised
p/ Preliminary
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector