12  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS    
            Universal and Commercial Banking System         
            as of end of periods indicated        
            in billion pesos        
Selected Accounts    UNIVERSAL AND COMMERCIAL BANKS
  Mar- 08 r/ Jun-08 Sep-08
  Asset Accounts 1/   4,426.936 4,678.043 4,722.532
   
  Cash and Due from Banks                              670.061                             702.560                             726.218
Financial Assets, Exclusive of  Equity Investments (Net of Amortization)                           1,125.201                          1,139.883                          1,192.892
Financial Assets Held for Trading (HFT)                              194.094                             135.797                             156.100
Financial Assets Designated at Fair Value through Profit or Loss - Debt Securities                                17.349                               13.473                               14.660
AFS Financial Assets, Net of Amortization (Net of Equity Securities)                              648.336                             713.944                             698.123
   AFS Debt Securities                              634.521                             698.252                             680.613
   Unamortized Discount/Premium                                13.814                               15.692                               17.510
   AFS-Debt Securities Net of Amortization                              648.336                             713.944                             698.123
Held-to-Maturity (HTM) Financial Assets                              180.396                             182.598                             215.449
Unamortized Discount/Premium                                  0.838                                 1.426                                 1.692
HTM Financial Assets - Net of Amortization                              181.235                             184.024                             217.141
Unquoted Debt Securities Classified as Loans                                95.206                             103.796                             119.314
Unamortized Discount/Premium                              (11.017)                             (11.151)                             (12.446)
Unquoted Debt Securities Classified as Loans -Net of Amortization                                84.189                               92.645                             106.867
Accumulated Market Gain (Losses) -Financial Assets, Exclusive of Equity Investments                                  2.438                             (31.800)                             (23.853)
Accumulated Market Gains (Losses)-AFS, Exclusive of Equity Securities                                  2.438                             (31.800)                             (23.853)
Allowance for Credit Losses-Financial Assets, Exclusive of Equity Securities                                  8.062                                 8.073                               13.945
Allowance for Credit Losses-AFS , Exclusive of Equity Securities                                  1.978                                 0.168                                 5.002
Allowance for Credit Losses-HTM                                  0.905                                 0.866                                 1.013
Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans                                  5.179                                 7.039                                 7.929
Financial Assets -Net of Allowance for Credit Losses                           1,119.577                          1,100.010                          1,155.094
Equity Investments, gross                              125.922                             123.861                             125.437
Investments in Non-Marketable Equity Securities (INMES)                                  7.702                                 7.504                                 8.575
Equity Investment in Subsidiaries, Associates and Joint Ventures                              112.993                             110.839                             110.972
AFS Equity Securities                                  4.815                                 5.031                                 4.990
HFT-Equity Securities                                  0.409                                 0.488                                 0.900
Financial Assets Designated at Fair Value through Profit or Loss -Equity Securities                                  0.003                               (0.000)                                      -   
Accumulated Market Gains(Losses)-AFS -Equity Securities                                  2.995                                 0.302                                 1.101
Allowance for Credit Losses -Equity Investments                                  3.909                                 4.149                                 4.972
Allowance for Credit Losses-INMES                                  2.723                                 2.913                                 4.034
Allowance for Credit Losses-Equity Investment in Subsidiaries, Associates and Joint Ventures                                  0.979                                 0.937                                 0.574
Allowance for Credit Losses - AFS Equity Securities                                   0.207                                 0.299                                 0.364
Equity Investments, Net of Allowance for Credit Losses                              125.008                             120.014                             121.566
Total Loan Portfolio, gross (net of amortization)                           2,132.877                          2,369.158                          2,343.282
Loans and Receivables, gross (net of amortization)                           1,936.816                          2,072.968                          2,148.466
      Loans to Bangko Sentral ng Pilipinas                                  5.568                                 0.768                                 0.171
      Interbank Loans Receivable                               285.274                             339.913                             266.619
    Loans and Receivables -Others                           1,654.590                          1,742.295                          1,891.807
    Unamortized Discount and Other Deferred Credits                                  8.615                               10.008                               10.131
   Loans and Receivables - Others - Net of Amortization                           1,645.975                          1,732.287                          1,881.676
Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions                              196.061                             296.190                             194.815
Allowance for Credit Losses-Loans                              100.956                             104.747                             104.560
Allowance for Credit Losses-Interbank Loans Receivable                                  0.005                                 0.080                                 1.228
Allowance for Credit Losses-Loans and Receivables -Other                                78.265                               81.110                               78.913
Allowance for Credit Losses-LRARA                                       -                                         -                                         -   
General Loan Loss Provision (GLLP)                                22.686                               23.558                               24.419
Total Loan Portfolio, Net of Allowance for Credit Losses                           2,031.921                          2,264.411                          2,238.722
Total ROPA                              162.377                             157.560                             154.671
Sales Contract Receivable                                16.806                               16.341                               16.389
Non-Current Assets Held for Sale                                12.134                               11.527                               12.296
Real and Other Properties Acquired                              133.437                             129.692                             125.986
Accumulated Depreciation                                13.581                               13.602                               13.229
Unamortized Discount and Other Deferred Credits                                    0.013                                 0.019                                 0.016
  Allowance for Losses - ROPA                                12.216                               12.065                               12.558
  Allowance for Credit Losses- Sales Contract Receivable                                  0.361                                 0.127                                 0.143
  Allowance for Losses -Real and Other Properties Acquired                                11.856                               11.938                               12.415
  ROPA, Net of Allowance for Losses                              136.567                             131.874                             128.868
  Total Other Assets, Net                              343.802                             359.174                             352.064
  Derivatives with Positive Fair Value Held for Hedging                                  0.030                                 0.043                                 0.134
Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk                                       -                                         -                                         -   
Goodwill                                14.982                               15.194                               15.918
Less: Allowance for Losses                                  0.269                                 0.380                                 0.410
Goodwill - Net                                14.713                               14.815                               15.508
Accrued Interest Income from Financial Assets                                37.248                               46.382                               41.825
Allowance for Credit Losses                                  5.839                                 5.927                                 5.281
Accrued Interest Income from Financial Assets, net                                31.409                               40.455                               36.544
Bank Premises, Furniture, Fixture and Equipment                              134.146                             136.445                             139.839
Accumulated Depreciation                                58.703                               60.074                               61.937
Allowance for Losses                                  1.824                                 1.843                                 1.892
Bank Premises, Furniture, Fixture and Equipment - Net                                74.307                               75.216                               76.010
Other Intangible Assets                                  3.300                                 4.009                                 4.220
Accumulated Amortization                                  1.345                                 1.434                                 1.558
Allowance for Losses                                       -                                         -                                         -   
Other Intangible Assets, net                                  1.955                                 2.575                                 2.662
Deferred Tax Asset                                40.253                               42.026                               43.682
Due from FCDU/RBU                                       -                                         -                                         -   
Other Assets                              203.055                             207.319                             198.402
Allowance for Losses                                21.920                               23.276                               20.877
Other Assets - Net                                181.135                             184.044                             177.525
 
LIABILITIES AND CAPITAL 4,426.936 4,678.043 4,722.532
     
Liability Accounts 3,907.386 4,189.352 4,208.791
 
Financial Liabilities Held for Trading                                41.309                               54.700                               47.805
Financial Liabilities Designated at Fair Value through Profit or Loss                                10.016                               11.032                               10.744
Deposit Liabilities                           3,122.276                          3,297.501                          3,450.053
Peso                           2,357.603                          2,418.042                          2,521.391
   Demand & NOW                              548.361                             569.398                             593.658
   Savings Deposits                           1,225.014                          1,156.006                          1,162.449
   Time Certificate of Deposits                               565.009                             673.061                             740.684
   LTNCD                                19.219                               19.577                               24.600
Foreign Currency                              764.673                             879.459                             928.662
Bills Payable                              374.727                             439.163                             314.497
Deposit Substitutes                                 95.792                             130.646                               19.324
Others                              278.934                             308.517                             295.173
Special Financing                                   0.008                                 0.008                                 0.007
Time Certificate of Deposits  - SF                                  0.006                                 0.006                                 0.006
Special Time Deposits                                  0.002                                 0.002                                 0.001
Unsecured Subordinated Debt                                83.579                               85.857                               86.507
Unamortized Debt Discount/Premium                                (0.265)                               (0.221)                               (0.200)
Unsecured Subordinated Debt - Net                                83.314                               85.636                               86.307
Redeemable Preferred Shares                                  2.088                                 2.245                                 2.353
Total Other Liabilities                              273.648                             299.067                             297.026
Due to Other Banks                                13.611                               16.545                               15.584
Bonds Payable                                10.047                               10.802                               11.319
Unamortized Bond Discount/Premium                                (0.004)                               (0.003)                               (0.001)
Bonds Payable - Net                                10.043                               10.799                               11.319
Financial Liabilities Associated with Transferred Assets                                        -                                         -                                         -  
Derivatives with Negative Fair Value Held for Hedging                                  0.516                                 0.633                                 0.734
Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk                                        -                                         -                                         -  
Accrued Interest Expense on Financial Liabilities                                17.793                               18.318                               19.252
Finance Lease Payment Payable                                        -                                         -                                         -  
Due to Treasurer of the Philippines                                  1.198                                 1.443                                 2.218
Treasurer/Cashier/Manager's Checks                                22.856                               22.274                               22.623
Payment Orders Payable                                  3.709                                 3.099                                 2.686
Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs                                  2.272                                 2.822                                 2.408
Cash Letters of Credit                                  3.466                                 3.811                                 3.695
Outstanding Acceptances Executed by or for Account of this Bank                                  7.717                                 9.754                                 9.758
Due to Bangko Sentral ng Pilipinas                                  0.576                                 0.976                                 1.410
Due to Philippine Deposit Insurance Corporation                                  0.384                                 0.713                                 0.548
Due to Philippine Crop Insurance Corporation                                  0.002                                 0.002                                 0.002
Income Tax Payable                                  2.131                                 1.541                                 1.263