43   SELECTED ASSET QUALITY INDICATORS  
              Thrift Banking System  
              as of end of periods indicated  
              in billion pesos  
         
  ACCOUNTS Mar-08 Jun-08
         
  Levels  
  TOTAL ASSETS                           484.611                              483.111
  GROSS ASSETS 1/                           497.039                              495.622
  TOTAL LOAN PORTFOLIO (TLP), GROSS                            295.917                              294.756
  ALLOWANCE FOR CREDIT LOSSES - LOANS                               9.588                                  9.583
  INTERBANK LOANS RECEIVABLES                             37.965                                21.322
  RESTRUCTURED LOANS(RL), GROSS                               4.467                                  4.667
  RESTRUCTURED LOANS, PERFORMING                               2.195                                  2.227
  NON-PERFORMING LOANS 2/                             19.730                                19.420
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                             23.912                                23.972
  ROPA, GROSS (Inclusive of Performing SCR)                             31.566                                31.420
  ALLOWANCE FOR ROPA 3/                               2.840                                  2.039
  ROPA, GROSS 4/                             28.186                                27.025
  NON-CURRENT ASSETS HELD FOR SALE *                               2.373                                  2.152
  NON-PERFORMING ASSETS (NPA) 5/                             47.916                                46.445
  ALLOWANCE ON NPA 6/                             12.428                                12.511
  DISTRESSED ASSETS 7/                             50.111                                48.672
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                               3.380                                  4.396
  NON-PERFORMING SCR                               1.900                                  0.900
  PAST DUE LOANS                             28.918                                27.937
   
  Annual Growth Rates  
  TOTAL ASSETS                                 3.41                                    3.88
  GROSS ASSETS 1/                                 3.13                                    3.44
  TOTAL LOAN PORTFOLIO (TLP), GROSS                                  5.87                                    8.79
  ALLOWANCE FOR CREDIT LOSSES - LOANS                               (6.76)                                 (11.16)
  INTERBANK LOANS RECEIVABLES                             (14.30)                                 (32.49)
  RESTRUCTURED LOANS(RL), GROSS                             (20.42)                                 (14.72)
  RESTRUCTURED LOANS, PERFORMING                               (4.41)                                 (14.88)
  NON-PERFORMING LOANS 2/                               (3.24)                                   (9.13)
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                             (22.34)                                 (20.49)
  ROPA, GROSS (Inclusive of Performing SCR)                             (11.95)                                 (10.74)
  ALLOWANCE FOR ROPA 3/                               (6.63)                                 (37.44)
  ROPA, GROSS 4/                             (10.17)                                 (12.71)
  NON-CURRENT ASSETS HELD FOR SALE **                                     -                                          -  
  NON-PERFORMING ASSETS (NPA) 5/                               (7.44)                                 (11.24)
  ALLOWANCE ON NPA 6/                               (6.73)                                 (10.93)
  DISTRESSED ASSETS 7/                             (14.39)                                 (17.77)
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                             (24.45)                                    3.58
  NON-PERFORMING SCR                             226.25                                  11.23
  PAST DUE LOANS                               25.86                                  22.42
   
  Selected Ratios  (%)  
   
       Past Due Ratio 9.70 9.40
       RL to TLP 1.50 1.57
       LLR to TLP 3.24 3.25
       NPL Ratio (inclusive of IBL) 6.67 6.59
       NPL Ratio (exclusive of IBL) 7.65 7.10
       NPL Coverage 8/ 48.59 49.34
       NPA to Gross Assets  9.64 9.37
       NPA Coverage 9/ 25.94 26.94
       Distressed Assets 10/   15.30 14.92
   
  *  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 7 October 2008