THRIFT BANKS  
NPL Indicators  
As of Periods Indicated  
             
             
Levels (in million pesos) Oct 2002 Sep 2003 Oct 2003  
 
             
Total Loan Portfolio (TLP)  1/                  149,105                       154,454                     156,525  
Loan Loss Reserves (LLR)                      8,372                           7,593                         7,664  
TLP, net of LLR  14,.733                       146,862                     148,861  
TLP 1/, net of Interbank Loan (IBL)                  142,758                       150,443                     151,831  
Non-Performing Loans (NPL)                    17,979                         19,623                       19,721  
Restructured Loans (RL)  1/                      3,168                           3,535                         3,770  
ROPOA  1/ 2/                    26,869                         26,730                       27,325  
Provisions for ROPOA                         976                           1,062                         1,034  
ROPOA, net of provisions                    25,893                         25,667                       26,291  
Non-Performing Assets (NPA)  3/                    44,848                         43,846                       44,536  
Total Assets (TA)  4/                  248,402                       268,035                     265,503  
TLP 1/ + ROPOA 1/                  175,974                       181,828                     183,851  
NPA Reserves  5/                      9,348                           8,655                         8,698  
Total Past Due and Items inLitigation                    19,434                         21,700                       21,362  
Ratios (in percent)            
   
NPL ratio (NPL to TLP 1/ )                      12.06                             12.70                           12.60  
Net NPL ratio (NPL to TLP 1/, net of IBL)                      12.59                             13.04                           12.99  
NPL Coverage Ratio (LLR to NPL)                      46.57                           38.69                         38.86  
LLR to TLP 1/                        5.60  * 4.90 * 4.88 *
RL 1/ to TLP 1/                        2.12  *                             2.28 *                           2.40 *
ROPOA 1/ to TLP 1/ + ROPOA 1/                      15.24  *                           14.70 *                         14.81 *
ROPOA 1/  to TA                      10.42  *                             9.97 *                           9.97 *
NPA Ratio (NPA to TA)                      18.05                           16.36                         16.77  
NPA Coverage Ratio (NPA reserves to NPA)                      20.84                           19.74                         19.53  
Past Due Ratio  6/                      13.00  *                           13.99 *                         13.59 *
             
1/ Gross of provisions  
2/ Real and Other Properties Owned and Acquired  
3/ NPL plus ROPOA; since July 2003 ROPOA excluded Performing Sales Contract Receivables per BSP Circular No. 380  
    dated 28 March 2003  
4/ Inclusive of loan loss reserves and provisions for ROPOA  
5/ LLR plus provisions for ROPOA  
6/ Total Past Due Loans and Items in Litigation over TLP  
*  Computation is based on TLP and TA figures per BSP Circular No. 202