62   SELECTED ASSET QUALITY INDICATORS     
             Cooperative Banking System  
             as of end of periods indicated  
             in billion pesos  
  ACCOUNTS   Mar-11
  Levels  
  TOTAL ASSETS                                                                      15.867
  GROSS ASSETS 1/                                                                      16.564
  TOTAL LOAN PORTFOLIO (TLP), GROSS                                                                       11.800
  ALLOWANCE FOR CREDIT LOSSES - LOANS                                                                        0.678
  INTERBANK LOANS RECEIVABLES                                                                             -  
  RESTRUCTURED LOANS(RL), GROSS                                                                        0.120
  RESTRUCTURED LOANS, PERFORMING                                                                        0.096
  NON-PERFORMING LOANS 2/                                                                        0.960
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                                                                        0.356
  ROPA, GROSS (Inclusive of Performing SCR)                                                                        0.450
  ALLOWANCE FOR ROPA                                                                        0.020
  ROPA, GROSS 3/                                                                        0.368
  NON-CURRENT ASSETS HELD FOR SALE *                                                                        1.571
  NON-PERFORMING ASSETS (NPA) 4/                                                                        1.328
  ALLOWANCE ON NPA 5/                                                                        0.698
  DISTRESSED ASSETS 6/                                                                        1.425
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                                                                        0.081
  NON-PERFORMING SCR                                                                        0.011
  PAST DUE LOANS                                                                        1.621
   
  Annual Growth Rates  
  TOTAL ASSETS                                                                          4.04
  GROSS ASSETS 1/                                                                          4.70
  TOTAL LOAN PORTFOLIO (TLP), GROSS                                                                           7.53
  ALLOWANCE FOR CREDIT LOSSES - LOANS                                                                        21.77
  INTERBANK LOANS RECEIVABLES                                                                             -  
  RESTRUCTURED LOANS(RL), GROSS                                                                      (42.24)
  RESTRUCTURED LOANS, PERFORMING                                                                      (40.35)
  NON-PERFORMING LOANS 2/                                                                        23.98
  REAL AND OTHER PROPERTIES ACQUIRED (ROPA)                                                                        (1.56)
  ROPA, GROSS (Inclusive of Performing SCR)                                                                          7.81
  ALLOWANCE FOR ROPA                                                                        44.72
  ROPA, GROSS 3/                                                                          1.28
  NON-CURRENT ASSETS HELD FOR SALE *                                                                             -  
  NON-PERFORMING ASSETS (NPA) 4/                                                                        16.72
  ALLOWANCE ON NPA 5/                                                                        22.31
  DISTRESSED ASSETS 6/                                                                          9.64
  PERFORMING SALES CONTRACT RECEIVABLES (SCR)                                                                        52.21
  NON-PERFORMING SCR                                                                      376.80
  PAST DUE LOANS                                                                        41.18
   
  Selected Ratios  (%)  
   
       Past Due Ratio 13.72
       RL to TLP 1.02
       LLR to TLP 5.75
       NPL Ratio (inclusive of IBL) 8.14
       NPL Ratio (exclusive of IBL) 8.14
       NPL Coverage7/ 70.64
       NPA to Gross Assets  8.02
       NPA Coverage 8/ 52.52
       Distressed Assets 9/   11.63
  *  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/Includes Real and Other Properties Acquired (ROPA) +  Non- Performing Sales Contract Receivable (SCR) + Non-Current Assets Held for Sale for financial ratio analysis
  4/Non-Performing Loans + ROPA, Gross
  5/ Allowance for Credit Losses-Loans + Allowance for Credit Losses - Sales Contract Receivable (SCR) + Allowance for Losses - ROPA + Accumulated Depreciation - ROPA
  6/ Non-Performing Assets (NPA) + Performing Restructured Loans (RL)
  7/ Ratio of Allowance for Credit Losses - Loans to Non-Performing Loans
  8/ Ratio of Allowance on NPA to NPA
  9/ 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