43   SELECTED ASSET QUALITY INDICATORS      
              Thrift Banking System      
              as of end of periods indicated      
              in billion pesos      
           
  ACCOUNTS Jan-11 Feb-11 Mar-11
           
  Levels  
  TOTAL ASSETS                         589.075                        596.214                              569.320
  GROSS ASSETS 1/                         606.687                        613.537                              588.645
  TOTAL LOAN PORTFOLIO (TLP), GROSS                          343.110                        349.787                              354.660
  ALLOWANCE FOR CREDIT LOSSES - LOANS                           14.345                          14.047                                16.645
  INTERBANK LOANS RECEIVABLES                             5.071                            5.256                                  5.950
  RESTRUCTURED LOANS(RL), GROSS                             4.121                            4.023                                  4.118
  RESTRUCTURED LOANS, PERFORMING                             1.553                            1.468                                  1.520
  NON-PERFORMING LOANS 2/                           26.590                          26.591                                25.911
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                           24.090                          24.226                                17.405
  ROPA, GROSS (Inclusive of Performing SCR)                           31.673                          32.105                                24.769
  ALLOWANCE FOR ROPA 3/                             3.266                            3.275                                  2.680
  ROPA, GROSS 4/                           27.250                          27.602                                20.281
  NON-CURRENT ASSETS HELD FOR SALE *                             2.197                            2.415                                  1.989
  NON-PERFORMING ASSETS (NPA) 5/                           53.840                          54.194                                46.192
  ALLOWANCE ON NPA 6/                           17.611                          17.322                                19.324
  DISTRESSED ASSETS 7/                           55.393                          55.662                                47.712
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                             4.422                            4.503                                  4.487
  NON-PERFORMING SCR                             0.964                            0.961                                  0.887
  PAST DUE LOANS                           30.882                          31.360                                27.404
   
  Annual Growth Rates  
  TOTAL ASSETS                             10.16                            11.78                                    6.77
  GROSS ASSETS 1/                             10.44                            11.92                                    7.37
  TOTAL LOAN PORTFOLIO (TLP), GROSS                                9.14                            11.75                                  10.52
  ALLOWANCE FOR CREDIT LOSSES - LOANS                             16.06                            12.05                                  31.04
  INTERBANK LOANS RECEIVABLES                            (28.30)                           (29.84)                                  (1.45)
  RESTRUCTURED LOANS(RL), GROSS                              (2.16)                             (7.28)                                  (4.81)
  RESTRUCTURED LOANS, PERFORMING                            (21.36)                           (29.97)                                (28.66)
  NON-PERFORMING LOANS 2/                               2.26                              5.44                                    2.87
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                               9.35                            10.00                                (21.39)
  ROPA, GROSS (Inclusive of Performing SCR)                               9.31                            10.99                                (14.78)
  ALLOWANCE FOR ROPA 3/                             45.04                            43.61                                  15.95
  ROPA, GROSS 4/                             10.44                            12.17                                (18.14)
  NON-CURRENT ASSETS HELD FOR SALE **                               8.65                            21.39                                  12.84
  NON-PERFORMING ASSETS (NPA) 5/                               6.24                              8.76                                  (7.55)
  ALLOWANCE ON NPA 6/                             20.52                            16.90                                  28.72
  DISTRESSED ASSETS 7/                               5.21                              7.20                                  (8.41)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                               2.80                              4.26                                    4.61
  NON-PERFORMING SCR                               2.79                              9.67                                    1.57
  PAST DUE LOANS                               3.24                              8.78                                  (5.20)
   
  Selected Ratios  (%)  
   
       Past Due Ratio 8.94 8.89 7.73
       RL to TLP 1.19 1.14 1.16
       LLR to TLP 4.18 4.02 4.69
       NPL Ratio (inclusive of IBL) 7.75 7.60 7.31
       NPL Ratio (exclusive of IBL) 7.87 7.72 7.43
       NPL Coverage 8/ 53.95 52.83 64.24
       NPA to Gross Assets  8.87 8.83 7.85
       NPA Coverage 9/ 32.71 31.96 41.83
       Distressed Assets 10/   14.78 14.58 12.57
   
  *  New Account under the Financial Reporting Package
   
  1/Total Assets, Net of Due to Head Office/Branches/Agencies + Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA - Loans Classified as Loss Fully Covered by Allowance for Credit Losses
  2/Loans Classified as Past Due and Already Non-Performing + Items in Litigation - Loans Classified as Loss Fully Covered by Allowance for Credit Losses
  3/Consists of Allowance for Losses (ROPA), Accumulated Depreciation (ROPA) and Allowance for Credit Losses - SCR
  4/Includes Real and Other Properties Acquired (ROPA) +  Non- Performing Sales Contract Receivable (SCR) + Non-Current Assets Held for Sale for financial ratio analysis
  5/Non-Performing Loans + ROPA, Gross
  6/ Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA
  7/ Non-Performing Assets (NPA) + Performing Restructured Loans (RL)
  8/ Ratio of Allowance for Credit Losses - Loans to Non-Performing Loans
  9/ Ratio of Allowance on NPA to NPA
  10/ Ratio of Distressed Assets to Total Loan Portfolio, Gross + ROPA, Gross (inclusive of Performing SCR)
 
  Note: Details may not add up to totals due to rounding-off
  Source: Supervisory Data Center, Supervision and Examination Sector
Updated as of 21 November 2011