39  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
Thrift Banking System
as of end of periods indicated
in billion pesos
Selected Accounts					Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09
	Asset Accounts 2/				478.040	480.730	489.751	497.285	513.353	527.066	524.378	529.515	512.285
	Cash and Due from Banks				42.358	41.671	45.018	45.499	49.356	54.881	53.359	58.157	55.582
	Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization)				82.325	83.990	89.866	89.440	94.790	96.636	98.983	99.921	96.737
		Financial Assets Held for Trading (HFT)			2.780	2.479	4.384	3.473	8.148	6.504	6.590	6.799	6.894
		Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect			0.358	0.683	0.150	0.097	0.151	0.154	0.191	0.272	0.530
		AFS Financial Assets, Net of Amortization			43.033	44.411	46.008	47.500	48.193	50.861	53.183	53.361	53.352
			AFS Debt Securities		40.950	41.983	43.339	44.988	45.748	48.304	50.591	50.674	51.028
			Unamortized Discount/Premium		1.613	1.786	1.956	1.899	1.750	1.813	1.819	1.913	1.801
			AFS-Debt Securities Net of Amortization		42.563	43.769	45.295	46.887	47.498	50.117	52.410	52.587	52.829
			AFS-Equity Securities		0.469	0.642	0.713	0.613	0.695	0.744	0.773	0.774	0.523
		Held-to-Maturity (HTM) Financial Assets			28.338	28.428	27.583	28.501	28.495	29.563	29.374	29.815	26.748
			Unamortized Discount/Premium		0.557	0.585	0.601	0.629	0.620	0.691	0.685	0.684	0.690
		HTM Financial Assets - Net of Amortization			28.895	29.013	28.183	29.130	29.114	30.254	30.059	30.499	27.438
		Unquoted Debt Securities Classified as Loans			7.443	7.586	8.395	9.405	9.336	9.034	9.048	8.952	8.491
			Unamortized Discount/Premium		(0.388)	(0.387)	(0.371)	(0.361)	(0.348)	(0.264)	(0.256)	(0.248)	(0.251)
		Unquoted Debt Securities Classified as Loans -Net of Amortization			7.055	7.199	8.024	9.043	8.988	8.770	8.792	8.704	8.240
		Investment in Non-Markeatable Equity Securities (INMES)			0.205	0.205	3.117	0.196	0.196	0.092	0.169	0.284	0.284
	Accumulated Market Gain (Losses) -Financial Assets				(0.636)	(0.827)	(0.369)	(0.324)	0.634	0.088	0.370	0.773	1.297
	Allowance for Credit Losses-Financial Assets				0.421	0.454	0.831	0.457	0.457	0.391	0.398	0.496	0.495
		Allowance for Credit Losses-AFS			0.079	0.079	0.079	0.079	0.079	0.113	0.113	0.113	0.110
		Allowance for Credit Losses-HTM			0.025	0.025	0.025	0.025	0.025	0.028	0.029	0.029	0.031
		Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans			0.168	0.201	0.202	0.204	0.205	0.206	0.206	0.200	0.200
		Allowance for Credit Losses- INMES			0.149	0.149	0.524	0.148	0.148	0.044	0.050	0.154	0.154
	Financial Assets -Net of Allowance for Credit Losses				81.268	82.709	88.666	88.659	94.967	96.333	98.955	100.197	97.539
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.				0.753	0.747	0.753	3.662	3.666	3.669	3.673	3.781	3.778
	Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent				0.045	0.045	0.045	0.422	0.422	0.422	0.422	0.422	0.222
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses)				0.707	0.702	0.708	3.240	3.244	3.247	3.251	3.359	3.556
	Total Loan Portfolio, gross (net of amortization)				298.898	300.483	303.069	301.857	308.232	314.169	311.034	311.204	298.949
		Loans and Receivables, gross (net of amortization)			290.440	289.645	282.444	284.456	285.923	287.989	287.819	287.150	281.995
		Loans to Bangko Sentral ng Pilipinas			4.939	3.167	0.000	0.000	0.228	0.000	0.000	0.000	0.000
		Interbank Loans Receivable			13.291	13.318	6.805	7.737	6.867	6.309	5.080	1.877	3.713
		Loans and Receivables -Others			279.123	280.119	282.659	283.809	286.016	288.938	290.088	292.597	285.680
			Unamortized Discount and Other Deferred Credits		6.913	6.959	7.020	7.090	7.188	7.258	7.349	7.324	7.398
		Loans and Receivables - Others - Net of Amortization			272.210	273.160	275.639	276.718	278.828	281.680	282.739	285.273	278.282
		Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions			8.458	10.838	20.625	17.401	22.309	26.180	23.215	24.054	16.954
	Allowance for Credit Losses-Loans				13.054	13.318	13.466	13.794	14.061	14.493	14.832	15.019	14.649
		Allowance for Credit Losses-Interbank Loans Receivable			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Allowance for Credit Losses-Loans and Receivables -Other			10.510	10.714	10.893	11.120	11.262	11.574	12.228	12.420	11.999
		Allowance for Credit Losses-LRARA			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		General Loan Loss Provision (GLLP)			2.545	2.604	2.573	2.675	2.800	2.919	2.604	2.599	2.650
	Total Loan Portfolio, Net of Allowance for Credit Losses				285.844	287.165	289.603	288.063	294.171	299.676	296.202	296.185	284.299
	Total ROPA				30.766	30.550	27.658	27.352	27.283	27.552	27.532	27.214	27.339
		Sales Contract Receivable			5.127	4.991	4.904	4.813	4.829	4.881	4.895	4.870	4.834
		Non-Current Assets Held for Sale			1.827	1.849	1.992	2.186	2.153	2.118	2.050	2.013	2.021
		Real and Other Properties Acquired			23.812	23.710	20.762	20.353	20.301	20.552	20.587	20.331	20.484
	Accumulated Depreciation				1.126	1.133	0.916	1.079	1.116	0.992	1.146	0.983	1.014
	Unamortized Discount and Other Deferred Credits				0.110	0.109	0.109	0.105	0.110	0.111	0.124	0.128	0.127
	Allowance for Losses - ROPA				1.357	1.407	1.285	1.113	1.104	1.198	1.040	1.007	1.023
		Allowance for Credit Losses- Sales Contract Receivable			0.027	0.027	0.055	0.056	0.057	0.058	0.060	0.060	0.064
		Allowance for Losses -Real and Other Properties Acquired			1.330	1.380	1.230	1.057	1.047	1.141	0.981	0.947	0.959
		Allowance for Credit Losses -Non Current Assets held for Sale			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	ROPA, Net of Allowance for Losses				28.174	27.901	25.348	25.056	24.953	25.251	25.222	25.097	25.174
	Total Other Assets, Net				39.688	40.583	40.408	46.768	46.663	47.679	47.390	46.521	46.134
		Derivatives with Positive Fair Value Held for Hedging			0.016	0.019	0.019	0.015	0.005	0.000	0.000	0.012	0.007
		Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk			0.004	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Goodwill			0.563	0.563	0.561	0.802	0.800	0.798	0.797	0.828	0.826
			Allowance for Losses		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Goodwill - Net			0.563	0.563	0.561	0.802	0.800	0.798	0.797	0.828	0.826
		Accrued Interest Income from Financial Assets			4.952	4.854	4.696	4.897	5.486	5.729	5.249	5.259	4.959
			Allowance for Credit Losses		1.467	1.467	1.473	1.474	1.475	1.458	1.509	1.503	1.499
		Accrued Interest Income from Financial Assets, net			3.485	3.387	3.223	3.423	4.011	4.272	3.740	3.757	3.460
		Bank Premises, Furniture, Fixture and Equipment			17.621	17.826	18.031	17.918	18.075	17.962	18.118	18.060	17.869
			Accumulated Depreciation		6.925	6.985	7.204	7.216	7.337	7.213	7.258	7.219	7.134
			Allowance for Losses		0.030	0.030	0.062	0.062	0.066	0.066	0.066	0.066	0.066
		Bank Premises, Furniture, Fixture and Equipment - Net			10.666	10.811	10.765	10.640	10.672	10.683	10.795	10.775	10.670
		Other Intangible Assets			0.820	0.822	0.825	0.826	0.849	0.887	0.870	0.895	0.880
			Accumulated Amortization		0.282	0.285	0.290	0.294	0.299	0.307	0.309	0.314	0.319
			Allowance for Losses		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Other Intangible Assets, net			0.538	0.537	0.535	0.531	0.549	0.580	0.561	0.580	0.560
		Deferred Tax Asset			4.767	4.572	4.585	4.554	4.555	4.550	4.571	4.532	4.266
		Due from FCDU/RBU			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Other Assets			21.025	21.984	22.025	28.107	27.394	28.127	28.271	27.395	27.655
			Allowance for Losses		1.375	1.291	1.304	1.303	1.324	1.332	1.345	1.358	1.311
		Other Assets - Net			19.650	20.693	20.721	26.803	26.070	26.795	26.926	26.037	26.344
	LIABILITIES AND CAPITAL				478.040	480.730	489.751	497.285	513.353	527.066	524.378	529.515	512.285
	Liability Accounts				424.362	427.311	436.068	437.207	451.598	465.643	462.431	466.669	450.599
	Financial Liabilities Held for Trading				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Financial Liabilities Designated at Fair Value through Profit or Loss				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Deposit Liabilities				387.560	391.931	396.578	394.951	408.648	420.895	417.540	421.628	406.132
		Peso			336.225	339.162	343.306	341.031	353.684	364.512	362.173	364.467	352.221
		Demand & NOW			35.085	35.849	39.004	37.365	38.241	40.010	39.577	40.465	40.512
		Savings Deposits			115.139	114.579	114.302	112.221	115.669	118.629	121.735	121.953	118.873
		Time Certificate of Deposits			184.401	187.133	188.400	189.845	198.173	204.273	199.261	200.448	192.836
		LTNCD			1.601	1.601	1.601	1.600	1.600	1.600	1.600	1.600	0.000
		Foreign Currency			51.335	52.769	53.272	53.919	54.965	56.383	55.367	57.161	53.911
	Bills Payable				14.150	12.503	15.479	18.862	19.029	20.648	21.551	20.193	18.663
		Deposit Substitutes			0.307	0.041	0.052	0.052	0.052	0.006	0.030	0.027	0.025
		Others			13.843	12.462	15.427	18.810	18.977	20.642	21.521	20.166	18.639
	Special Financing				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Time Certificate of Deposits  - SF			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Special Time Deposits			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Unsecured Subordinated Debt				2.905	2.917	2.914	2.914	2.906	2.913	2.913	2.919	2.907
			Unamortized Debt Discount/Premium		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Unsecured Subordinated Debt - Net				2.905	2.917	2.914	2.914	2.906	2.913	2.913	2.919	2.907
	Redeemable Preferred Shares				0.029	0.029	0.024	0.075	0.078	0.078	0.081	0.081	0.081
	Total Other Liabilities				19.718	19.930	21.073	20.405	20.937	21.109	20.346	21.848	22.815
		Due to Other Banks			0.001	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Bonds Payable			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
			Unamortized Bond Discount/Premium		0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Bonds Payable - Net			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Financial Liabilities Associated with Transferred Assets			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Derivatives with Negative Fair Value Held for Hedging			0.000	0.000	0.000	0.000	0.000	0.000	0.008	0.000	0.000
		Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Accrued Interest Expense on Financial Liabilities			3.491	3.476	3.548	3.460	3.669	3.770	3.753	3.729	3.650
		Finance Lease Payment Payable			0.001	0.001	0.001	0.001	0.000	0.000	0.000	0.000	0.000
		Due to Treasurer of the Philippines			0.047	0.048	0.049	0.049	0.049	0.049	0.050	0.050	0.049
		Treasurer/Cashier/Manager's Checks			2.288	1.945	2.199	2.166	2.277	2.123	2.072	2.116	1.875
		Payment Orders Payable			0.053	0.093	0.085	0.077	0.052	0.060	0.060	0.073	0.067
		Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Cash Letters of Credit			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Outstanding Acceptances Executed by or for Account of this Bank			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Due to Bangko Sentral ng Pilipinas			0.290	0.163	0.146	0.143	0.143	0.138	0.129	0.122	0.098
		Due to Philippine Deposit Insurance Corporation			0.712	0.725	0.739	0.753	0.768	0.784	0.714	0.728	0.739
		Due to Philippine Crop Insurance Corporation			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Income Tax Payable			0.287	0.277	0.315	0.297	0.317	0.329	0.342	0.266	0.296
		Other Taxes and Licenses Payable			0.298	0.248	0.212	0.229	0.243	0.286	0.248	0.223	0.214
		Accrued Expenses			2.503	2.682	2.618	2.722	2.701	2.722	2.764	3.065	2.946
		Unearned Income			0.636	0.618	0.620	0.524	0.567	0.466	0.452	1.455	1.388
		Deferred Tax Liabilities			0.161	0.157	0.154	0.153	0.147	0.144	0.144	0.137	0.134
		Provisions			0.019	0.022	0.024	0.025	0.027	0.029	0.023	0.023	0.023
		Other Liabilities			8.933	9.475	10.363	9.805	9.977	10.209	9.588	9.860	11.335
		Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
		Due to FCDU/RBU			0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Capital Accounts				53.678	53.420	53.682	60.078	61.755	61.423	61.947	62.845	61.686
	Paid in Capital Stock				42.922	42.933	42.939	42.447	42.502	43.305	43.516	42.623	41.140
	Additional Paid-in Capital				4.983	4.983	4.983	5.266	5.736	4.932	4.932	5.289	5.289
	Other Equity Instruments				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Retained Earnings				5.611	5.624	5.484	11.803	11.512	11.377	11.239	12.033	11.573
	Stock Dividend Distributable				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Undivided Profits				0.088	(0.028)	0.018	0.258	0.651	1.015	1.195	1.419	1.684
	Other Comprehensive Income				(0.788)	(0.954)	(0.603)	(0.557)	0.483	(0.039)	0.233	0.648	1.182
	Appraisal Increment Reserve				0.947	0.947	0.947	0.947	0.956	0.918	0.918	0.918	0.828
	Treasury Stock				(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.085)	(0.010)
	Assigned Capital				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Net Due to HO/Br/Ag				0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
	Key  Ratios
	Cash and Due from Banks to Deposits				10.93	10.63	11.35	11.52	12.08	13.04	12.78	13.79	13.69
	Liquid Assets to Deposits 3/				31.90	31.73	33.71	33.97	35.32	35.93	36.48	37.56	37.70
	Loans, gross to Deposits				77.12	76.67	76.42	76.43	75.43	74.64	74.49	73.81	73.61
	Capital Adequacy Ratio (CAR) 4/
			Solo Basis				12.15			11.47
			Consolidated Basis				12.15			11.47
	Total Capital Accounts to Total Assets 5/				11.23	11.12	10.97	12.10	12.04	11.67	11.83	11.88	12.06
	1/ Inclusive of other branches / subsidiaries of foreign banks
	2/ Figures adjusted to net off the account "Due from Head Office" with "Due to Head Office" of branches of foreign banks
	3/ Ratio of Liquid Assets (Cash and Due from Banks + Financial Assets, Net of Allowance for Credit Losses) to Total Deposits
	4/ Based on the new framework provided for under Circular No. 280 dated 29 March 2001 which was formally adopted starting  1 July 2001. Universal and Commercial banks are required to report their CARs based on combined credit and market risk under Circular No. 360 dated 3 December 2002, which took effect on 1 July 2003
	5/ Ratio of  Total Capital Accounts ( for ratio analysis  consists of Total Capital Accounts + Redeemable Preferred Shares) to Total Assets
	r/ Revised
	Note: Details may not add up to totals due to rounding-off
	Source : Supervisory Data Center, Supervision and Examination Sector
	Updated as of 25 February 2010