39  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS      
            Thrift Banking System       
            as of end of periods indicated      
            in billion pesos      
Selected Accounts  Mar-08 Jun-08
 
  Asset Accounts  484.611 483.111
     
  Cash and Due from Banks 63.910                           58.371
Financial Assets, Exclusive of  Equity Investments (Net of Amortization) 64.620                           71.683
Financial Assets Held for Trading (HFT) 0.814                             1.347
Financial Assets Designated at Fair Value through Profit or Loss - Debt Securities 0.137                             0.251
AFS Financial Assets, Net of Amortization (Net of Equity Securities) 38.082                           41.691
   AFS Debt Securities 37.482                           40.460
   Unamortized Discount/Premium 0.600                             1.231
   AFS-Debt Securities Net of Amortization 38.082                           41.691
Held-to-Maturity (HTM) Financial Assets 18.312                           21.310
Unamortized Discount/Premium 0.329                             0.332
HTM Financial Assets - Net of Amortization 18.641                           21.642
Unquoted Debt Securities Classified as Loans 7.446                             7.215
Unamortized Discount/Premium (0.501)                           (0.463)
Unquoted Debt Securities Classified as Loans -Net of Amortization 6.945                             6.752
Accumulated Market Gain (Losses) -Financial Assets, Exclusive of Equity Investments 0.062                           (1.562)
Accumulated Market Gains (Losses)-AFS, Exclusive of Equity Securities 0.062                           (1.562)
Allowance for Credit Losses-Financial Assets, Exclusive of Equity Securities 0.093 0.127
Allowance for Credit Losses-AFS , Exclusive of Equity Securities 0.000 0.000
Allowance for Credit Losses-HTM 0.022 0.023
Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans 0.070 0.104
Financial Assets -Net of Allowance for Credit Losses 64.589 69.994
Equity Investments, gross 1.790 1.354
Investments in Non-Marketable Equity Securities (INMES) 0.248 0.205
Equity Investment in Subsidiaries, Associates and Joint Ventures 0.706 0.720
AFS Equity Securities 0.836 0.429
HFT-Equity Securities 0.000 0.000
Financial Assets Designated at Fair Value through Profit or Loss -Equity Securities 0.001 0.000
Accumulated Market Gains(Losses)-AFS -Equity Securities 0.005 0.006
Allowance for Credit Losses -Equity Investments 0.273 0.272
Allowance for Credit Losses-INMES 0.105 0.149
Allowance for Credit Losses-Equity Investment in Subsidiaries, Associates and Joint Ventures 0.045 0.045
Allowance for Credit Losses - AFS Equity Securities  0.123 0.078
Equity Investments, Net of Allowance for Credit Losses 1.522 1.088
Total Loan Portfolio, gross (net of amortization) 298.055 297.158
Loans and Receivables, gross (net of amortization) 282.930 282.344
      Loans to Bangko Sentral ng Pilipinas 4.550 5.694
      Interbank Loans Receivable  37.965 21.322
    Loans and Receivables -Others 246.421 261.670
    Unamortized Discount and Other Deferred Credits 6.006 6.342
   Loans and Receivables - Others - Net of Amortization 240.416 255.328
Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions 15.124 14.814
Allowance for Credit Losses-Loans 11.726 11.985
Allowance for Credit Losses-Interbank Loans Receivable 0.000 0.000
Allowance for Credit Losses-Loans and Receivables -Other 9.011 9.243
Allowance for Credit Losses-LRARA 0.000 0.000
General Loan Loss Provision (GLLP) 2.715 2.742
Total Loan Portfolio, Net of Allowance for Credit Losses 286.329 285.174
Total ROPA 31.566 31.420
Sales Contract Receivable 5.281 5.296
Non-Current Assets Held for Sale 2.373 2.152
Real and Other Properties Acquired 23.912 23.972
Accumulated Depreciation 0.817 0.866
Unamortized Discount and Other Deferred Credits 0.076 0.098
  Allowance for Losses - ROPA 2.023 2.063
  Allowance for Credit Losses- Sales Contract Receivable 0.028 0.024
  Allowance for Losses -Real and Other Properties Acquired 1.995 2.039
  ROPA, Net of Allowance for Losses 28.650 28.393
  Total Other Assets, Net 39.611 40.091
  Derivatives with Positive Fair Value Held for Hedging 0.000 0.000
Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk 0.014 0.017
Goodwill 0.188 0.188
Less: Allowance for Losses 0.000 0.000
Goodwill - Net 0.188 0.188
Accrued Interest Income from Financial Assets 4.368 4.885
Allowance for Credit Losses 1.519 1.606
Accrued Interest Income from Financial Assets, net 2.850 3.279
Bank Premises, Furniture, Fixture and Equipment 17.653 17.858
Accumulated Depreciation 7.033 7.109
Allowance for Losses 0.032 0.044
Bank Premises, Furniture, Fixture and Equipment - Net 10.588 10.705
Other Intangible Assets 0.361 0.464
Accumulated Amortization 0.022 0.030
Allowance for Losses 0.000 0.000
Other Intangible Assets, net 0.339 0.434
Deferred Tax Asset 4.945 5.124
Due from FCDU/RBU 0.000 0.000
Other Assets 22.539 22.441
Allowance for Losses 1.852 2.098
Other Assets - Net 20.687 20.343
       
LIABILITIES AND CAPITAL 484.611 483.111
   
Liability Accounts 425.037 426.010
Financial Liabilities Held for Trading 0.000 0.000
Financial Liabilities Designated at Fair Value through Profit or Loss 0.000 0.000
Deposit Liabilities 364.354 389.048
Peso 321.418 337.967
   Demand & NOW 34.619 37.178
   Savings Deposits 116.327 115.970
   Time Certificate of Deposits  168.872 183.218
   LTNCD 1.601 1.601
Foreign Currency 42.936 51.081
Bills Payable 37.374 12.844
Deposit Substitutes  1.260 1.794
Others 36.114 11.050
Special Financing  0.000 0.000
Time Certificate of Deposits  - SF 0.000 0.000
Special Time Deposits 0.000 0.000
Unsecured Subordinated Debt 2.856 2.883
Unamortized Debt Discount/Premium 0.000 0.000
Unsecured Subordinated Debt - Net 2.856 2.883
Redeemable Preferred Shares 0.038 0.033
Total Other Liabilities 20.415 21.202
Due to Other Banks 0.042 0.011
Bonds Payable 0.000 0.000
Unamortized Bond Discount/Premium 0.000 0.000
Bonds Payable - Net 0.000 0.000
Financial Liabilities Associated with Transferred Assets 0.000 0.000
Derivatives with Negative Fair Value Held for Hedging 0.000 0.022
Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk 0.000 0.000
Accrued Interest Expense on Financial Liabilities 3.509 3.895
Finance Lease Payment Payable 0.002 0.002
Due to Treasurer of the Philippines 0.038 0.039
Treasurer/Cashier/Manager's Checks 2.243 2.765
Payment Orders Payable 0.206 0.073
Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs 0.000 0.000
Cash Letters of Credit 0.000 0.000
Outstanding Acceptances Executed by or for Account of this Bank 0.000 0.000
Due to Bangko Sentral ng Pilipinas 0.057 0.069
Due to Philippine Deposit Insurance Corporation 0.714 0.736
Due to Philippine Crop Insurance Corporation 0.000 0.000
Income Tax Payable 0.329 0.369
Other Taxes and Licenses Payable 0.264 0.249
Accrued Expenses 2.843 2.852
Unearned Income  0.824 0.655
Deferred Tax Liabilities 0.159 0.181
Provisions 0.004 0.011
Other Liabilities 9.180 9.272
Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank) 0.000 0.000
Due to FCDU/RBU 0.000 0.000
Capital Accounts 59.573 57.101
Paid in Capital Stock 43.567 43.949
Additional Paid-in Capital 7.475 7.545
Other Equity Instruments 0.000 0.000
Retained Earnings 6.738 5.491
Stock Dividend Distributable 0.000 0.004
Undivided Profits 0.696 0.686
Other Comprehensive Income 0.108 (1.535)
Appraisal Increment Reserve 0.998 1.045
Treasury Stock (0.010) (0.085)
Minority Interest in Subsidiaries (for consolidated report only) 0.000 0.000
Assigned Capital 0.000 0.000
Net Due to HO/Br/Ag 0.000 0.000
Key  Ratios
Cash and Due from Banks to Deposits 17.54 15.00
Liquid Assets to Deposits 1/ 35.27 32.99
Loans, gross to Deposits                            81.80                             76.38
Capital Adequacy Ratio (CAR) 2/
Solo Basis 15.16
Consolidated Basis 15.16
Total Capital Accounts to Total Assets 3/ 12.30 11.83
       
1/ Ratio of Liquid Assets (Cash and Due from Banks + Financial Assets, Net of Allowance for Credit Losses) to Total Deposits
2/ 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
3/ Ratio of  Total Capital Accounts ( for ratio analysis  consists of Total Capital Accounts + Redeemable Preferred Shares) to Total Assets
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector
Updated as of 7 October 2008