3  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
         Philippine Banking System p/
         as of end of periods indicated
         in billion pesos
Selected Accounts  ALL BANKS 1/ r/ UNIVERSAL AND COMMERCIAL BANKS 1/  r/
  Mar-08 Jun-08 Mar-08 Jun-08
  Asset Accounts 1/   5,078.510 5,333.742 4,426.936 4,678.043
 
  Cash and Due from Banks 763.289 791.175 670.061 702.560
Financial Assets, Exclusive of  Equity Investments (Net of Amortization) 1,197.676 1,219.733 1,125.201 1,139.883
Financial Assets Held for Trading (HFT) 194.908 137.144 194.094 135.797
Financial Assets Designated at Fair Value through Profit or Loss - Debt Securities 17.486 13.724 17.349 13.473
AFS Financial Assets, Net of Amortization (Net of Equity Securities) 686.418 755.635 648.336 713.944
   AFS Debt Securities 672.003 738.712 634.521 698.252
   Unamortized Discount/Premium 14.415 16.923 13.814 15.692
   AFS-Debt Securities Net of Amortization 686.418 755.635 648.336 713.944
Held-to-Maturity (HTM) Financial Assets 198.708 203.909 180.396 182.598
Unamortized Discount/Premium 1.167 1.757 0.838 1.426
HTM Financial Assets - Net of Amortization 207.730 213.833 181.235 184.024
Unquoted Debt Securities Classified as Loans 102.652 111.011 95.206 103.796
Unamortized Discount/Premium (11.518) (11.614) (11.017) (11.151)
Unquoted Debt Securities Classified as Loans -Net of Amortization 91.134 99.397 84.189 92.645
Accumulated Market Gain (Losses) -Financial Assets, Exclusive of Equity Investments 2.499 (33.362) 2.438 (31.800)
Accumulated Market Gains (Losses)-AFS, Exclusive of Equity Securities 2.499 (33.362) 2.438 (31.800)
Allowance for Credit Losses-Financial Assets, Exclusive of Equity Securities 8.210 8.286 8.062 8.073
Allowance for Credit Losses-AFS , Exclusive of Equity Securities 1.978 0.168 1.978 0.168
Allowance for Credit Losses-HTM 0.982 0.976 0.905 0.866
Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans 5.249 7.142 5.179 7.039
Financial Assets -Net of Allowance for Credit Losses 1,191.966 1,178.084 1,119.577 1,100.010
Equity Investments, gross 127.857 125.384 125.922 123.861
Investments in Non-Marketable Equity Securities (INMES) 7.950 7.709 7.702 7.504
Equity Investment in Subsidiaries, Associates and Joint Ventures 113.844 111.727 112.993 110.839
AFS Equity Securities 5.651 5.460 4.815 5.031
HFT-Equity Securities 0.409 0.488 0.409 0.488
Financial Assets Designated at Fair Value through Profit or Loss -Equity Securities 0.004 0.000 0.003 (0.000)
Accumulated Market Gains(Losses)-AFS -Equity Securities 3.000 0.308 2.995 0.302
Allowance for Credit Losses -Equity Investments 4.182 4.421 3.909 4.149
Allowance for Credit Losses-INMES 2.828 3.062 2.723 2.913
Allowance for Credit Losses-Equity Investment in Subsidiaries, Associates and Joint Ventures 1.074 1.056 0.979 0.937
Allowance for Credit Losses - AFS Equity Securities  0.331 0.377 0.207 0.299
Equity Investments, Net of Allowance for Credit Losses 126.624 121.197 125.008 120.014
Total Loan Portfolio, gross (net of amortization) 2,538.274 2,777.282 2,132.877 2,369.158
Loans and Receivables, gross (net of amortization) 2,327.089 2,466.277 1,936.816 2,072.968
      Loans to Bangko Sentral ng Pilipinas 10.118 6.462 5.568 0.768
      Interbank Loans Receivable  323.238 361.235 285.274 339.913
    Loans and Receivables -Others 2,008.353 2,114.930 1,654.590 1,742.295
    Unamortized Discount and Other Deferred Credits 14.621 16.350 8.615 10.008
   Loans and Receivables - Others - Net of Amortization 1,993.732 2,098.580 1,645.975 1,732.287
Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions 211.185 311.004 196.061 296.190
Allowance for Credit Losses-Loans 117.057 121.377 100.956 104.747
Allowance for Credit Losses-Interbank Loans Receivable 0.005 0.080 0.005 0.080
Allowance for Credit Losses-Loans and Receivables -Other 90.741 94.057 78.265 81.110
Allowance for Credit Losses-LRARA 0.000 0.000 0.000 0.000
General Loan Loss Provision (GLLP) 26.310 27.240 22.686 23.558
Total Loan Portfolio, Net of Allowance for Credit Losses 2,421.218 2,655.905 2,031.921 2,264.411
Total ROPA 206.310 202.888 162.377 157.560
Sales Contract Receivable 26.066 25.517 16.806 16.341
Non-Current Assets Held for Sale 14.507 13.679 12.134 11.527
Real and Other Properties Acquired 165.737 163.693 133.437 129.692
Accumulated Depreciation 14.398 14.468 13.581 13.602
Unamortized Discount and Other Deferred Credits   0.089 0.117 0.013 0.019
  Allowance for Losses - ROPA 14.629 14.504 12.216 12.065
  Allowance for Credit Losses- Sales Contract Receivable 0.395 0.159 0.361 0.127
  Allowance for Losses -Real and Other Properties Acquired 14.235 14.345 11.856 11.938
  ROPA, Net of Allowance for Losses 177.194 173.798 136.567 131.874
  Total Other Assets, Net 398.220 413.583 343.802 359.174
  Derivatives with Positive Fair Value Held for Hedging 0.030 0.043 0.030 0.043
Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk 0.014 0.017 0.000 0.000
Goodwill 15.170 15.382 14.982 15.194
Less: Allowance for Losses 0.269 0.380 0.269 0.380
Goodwill - Net 14.901 15.002 14.713 14.815
Accrued Interest Income from Financial Assets 43.058 52.676 37.248 46.382
Allowance for Credit Losses 7.467 7.651 5.839 5.927
Accrued Interest Income from Financial Assets, net 35.591 45.025 31.409 40.455
Bank Premises, Furniture, Fixture and Equipment 157.112 159.764 134.146 136.445
Accumulated Depreciation 65.737 67.183 58.703 60.074
Allowance for Losses 1.856 1.888 1.824 1.843
Bank Premises, Furniture, Fixture and Equipment - Net 90.208 91.383 74.307 75.216
Other Intangible Assets 3.661 4.473 3.300 4.009
Accumulated Amortization 1.367 1.465 1.345 1.434
Allowance for Losses 0.000 0.000 0.000 0.000
Other Intangible Assets, net 2.294 3.009 1.955 2.575
Deferred Tax Asset 45.524 47.490 40.253 42.026
Due from FCDU/RBU 0.000 0.000 0.000 0.000
Other Assets 233.782 236.986 203.055 207.319
Allowance for Losses 24.124 25.776 21.920 23.276
Other Assets - Net 209.658 211.613 181.135 184.044
           
           
LIABILITIES AND CAPITAL 5,078.510 5,333.742 4,426.936 4,678.043
   
Liability Accounts 4,475.851 4,763.242 3,907.386 4,189.352
Financial Liabilities Held for Trading 41.309 54.700 41.309 54.700
Financial Liabilities Designated at Fair Value through Profit or Loss 10.016 11.032 10.016 11.032
Deposit Liabilities 3,606.990 3,810.101 3,122.276 3,297.501
Peso 2,799.381 2,879.561 2,357.603 2,418.042
   Demand & NOW 585.900 609.647 548.361 569.398
   Savings Deposits 1,416.849 1,350.523 1,225.014 1,156.006
   Time Certificate of Deposits  775.812 898.214 565.009 673.061
   LTNCD 20.820 21.178 19.219 19.577
Foreign Currency 807.609 930.540 764.673 879.459
Bills Payable 424.005 464.495 374.727 439.163
Deposit Substitutes  97.052 132.440 95.792 130.646
Others 326.953 332.055 278.934 308.517
Special Financing  0.148 0.141 0.008 0.008
Time Certificate of Deposits  - SF 0.086 0.086 0.006 0.006
Special Time Deposits 0.061 0.054 0.002 0.002
Unsecured Subordinated Debt 86.435 88.740 83.579 85.857
Unamortized Debt Discount/Premium (0.265) (0.221) (0.265) (0.221)
Unsecured Subordinated Debt - Net 86.170 88.519 83.314 85.636
Redeemable Preferred Shares 2.126 2.278 2.088 2.245
Total Other Liabilities 305.086 331.975 273.648 299.067
Due to Other Banks 13.687 16.582 13.611 16.545
Bonds Payable 10.047 10.802 10.047 10.802
Unamortized Bond Discount/Premium (0.004) (0.003) (0.004) (0.003)
Bonds Payable - Net 10.043 10.799 10.043 10.799
Financial Liabilities Associated with Transferred Assets 0.000 0.000 0.000 0.000
Derivatives with Negative Fair Value Held for Hedging 0.516 0.656 0.516 0.633
Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk 0.000 0.000 0.000 0.000
Accrued Interest Expense on Financial Liabilities 24.032 25.070 17.793 18.318
Finance Lease Payment Payable 0.002 0.002 0.000 0.000
Due to Treasurer of the Philippines 1.239 1.484 1.198 1.443
Treasurer/Cashier/Manager's Checks 25.136 25.091 22.856 22.274
Payment Orders Payable 3.915 3.172 3.709 3.099
Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs 2.272 2.822 2.272 2.822
Cash Letters of Credit 3.466 3.811 3.466 3.811
Outstanding Acceptances Executed by or for Account of this Bank 7.717 9.754 7.717 9.754
Due to Bangko Sentral ng Pilipinas 0.645 1.058 0.576 0.976
Due to Philippine Deposit Insurance Corporation 1.115 1.467 0.384 0.713
Due to Philippine Crop Insurance Corporation 0.002 0.002 0.002 0.002
Income Tax Payable 2.460 1.910 2.131 1.541
Other Taxes and Licenses Payable 2.044 2.080 1.780 1.832