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
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