UNIVERSAL AND COMMERCIAL BANKS' EXPOSURES TO THE REAL ESTATE INDUSTRY
As of Periods Indicated
(Amount In Million Pesos)
                                           
Particulars December 31, 2002 September 30, 2003 1/ December 31, 2003
Bank
Proper
Trust
Dept.
Combined Bank
Proper
Trust
Dept.
Combined Bank
Proper
Trust
Dept.
Combined
A. Levels                        
1. Real Estate Loans (RELs)      170,677         8,559        179,236        169,080         6,932      176,012      176,531         7,012        183,543
Residential Loans        31,147         1,081          32,228          31,614            812          32,426        31,176            835          32,011
Commercial  Loans      139,530         7,478        147,008        137,466         6,120      143,586      145,355         6,177      151,532
Past Due (PDRELs)        41,341         1,779          43,120          42,814         1,244        44,058        38,505         1,313        39,818
Residential Loans          4,614            157            4,771            5,014              47          5,061          4,946              49          4,995
Commercial  Loans        36,727         1,622          38,349          37,800         1,197        38,997        33,559         1,264        34,823
Current      129,336         6,780        136,116        126,266         5,688        131,954      138,026         5,699        143,725
Residential Loans        26,533            924          27,457          27,189            765          27,954        26,230            786          27,016
Commercial  Loans      102,803         5,856        108,659          99,077         4,923        104,000      111,796         4,913        116,709
2. Real Estate Investments          4,316         6,306          10,622            3,599         8,108          11,707          3,641         7,802          11,443
Commercial Papers (CPs)             909         1,374            2,283            1,024         1,385          2,409          1,047         1,728          2,775
Equity Investments (EIs)          3,407         4,932            8,339            2,575         6,723          9,298          2,594         6,074          8,668
                                 -  
Total RELs + CPs      171,586         9,933        181,519        170,104         8,317      178,421        177,578         8,740      186,318
Total RELs + CPs +  EIs      174,993       14,865        189,858        172,679       15,040      187,719        180,172       14,814      194,986
TOL (w/o  IBL)   1,446,092       60,599     1,506,691     1,482,025       60,563   1,542,588   1,492,838       64,432   1,557,270
Total Investments - Debt Securities (TIDS)      750,211     290,748     1,040,959        800,828     389,281   1,190,109      854,814     400,338   1,255,152
Total Investments - Equity Investments (TIES)        94,606       63,369        157,975          97,938       71,058      168,996        97,218       69,903      167,121
                     
                     
B. Ratios (%)                        
RELs/TOL (w/o  IBL)          11.80         14.12          11.90            11.41         11.45          11.41            11.83         10.88          11.79
Residential Loans /RELs          18.25         12.63          17.98            18.70         11.71          18.42            17.66         11.91          17.44
Commercial Loans/RELs          81.75         87.37            82.02            81.30         88.29            81.58            82.34         88.09            82.56
PDRELs/RELs          24.22         20.79            24.06            25.32         17.95            25.03            21.81         18.73            21.69
PD Residential Loans/Residential Loans          14.81         14.52            14.80            15.86           5.79            15.61            15.86           5.87            15.60
PD Commercial Loans/Commercial Loans          26.32         21.69            26.09            27.50         19.56            27.16            23.09         20.46            22.98
PDRELs/TOL(w/o IBL)            2.86           2.94              2.86              2.89           2.05              2.86              2.58           2.04              2.56
RELs + CPs/TOL (w/o IBL) + TIDS            7.81           2.83              7.12              7.45           1.85            6.53              7.56           1.88            6.62
RELs + CPs + EIs/TOL (w/o  IBL)+ TIDS + TIES            7.64           3.58              7.02              7.25           2.89            6.47            7.37           2.77            6.54
                                           
  1/ Revised