24   LOANS OUTSTANDING OF COMMERCIAL BANKS 1                    
              as of dates indicated                                                            
             in million  pesos                                                            
        2002                       2003       2004      
    Oct Nov Dec   Jan Feb   Mar Apr May June July Aug Sep Oct Nov Dec   Jan Feb Mar Apr May June July Aug Sep Oct Nov  
                                                               
  A.  Classified by Economic Activity                                                            
         1.  Agriculture, Fisheries & Forestry 69548.8 72156.8     72,427.6            70,897.9          70,511.4            72,462.5          75,928.2          77,240.6          77,547.7          77,534.2          76,586.7          77,308.7     77,609.6     78,007.1     78,876.9       74,514.2     74,117.0     77,132.7     85,470.2     86,928.2     85,534.2     85,960.0     84,652.2     84,418.2     85,175.2     88,219.8  
         2.  Mining and Quarrying 16502.1 14559.6     14,447.6            14,246.8          14,315.4            13,838.7          14,080.9          14,451.2          14,760.2          14,419.9          14,049.7          14,411.4     13,791.5     14,279.0     14,111.1       25,190.1     22,733.6     25,770.9     12,652.3     12,614.5     12,286.2     11,812.0     12,516.0     11,882.5     12,227.7     12,514.8  
         3.  Manufacturing 351521.9 357027.5   379,404.9          384,136.6        389,855.8          380,167.2        384,315.5        377,987.7        375,040.8        370,739.5        359,057.7        361,136.2   355,030.2   365,796.8   367,538.2     354,324.6   355,962.0   363,674.5   384,937.2   386,517.3   392,854.3   394,562.0   415,177.2   425,281.9   418,438.4   425,119.2  
         4.  Electricity, Gas & Water 69847.5 69206.7     71,372.0            71,005.1          73,233.5            73,858.6          69,978.4          71,864.7          69,194.3          67,383.6          69,133.2          70,303.3     68,643.2     68,009.9     64,607.8       65,634.9     71,872.4     73,176.0     73,313.1     71,026.1     71,788.6     74,953.4     75,885.2     75,336.9     76,281.2     71,731.1  
         5.  Construction 36320.8 35904.7     35,390.3            34,212.0          33,726.8            35,281.9          34,364.6          33,896.3          34,943.7          34,512.4          34,045.0          35,640.3     36,559.0     37,062.9     36,013.3       44,005.9     42,150.8     41,678.0     33,176.7     33,427.2     31,326.8     31,050.5     30,696.3     30,633.8     30,017.7     35,528.3  
         6.  Wholesale & Retail Trade 206655.0 205062.8   206,215.9          203,419.6        205,329.8  r/         216,299.5        209,488.1        197,641.4        201,924.0        199,539.6        200,092.4        201,815.8   201,128.1   203,871.4   210,639.0     200,263.8   207,590.7   203,806.5   214,810.6   213,297.9   215,731.0   212,743.9   207,790.8   208,037.7   209,270.9   206,766.5  
         7.  Transportation, Storage & Communication 72605.3 74075.1     71,947.4            70,393.0          71,464.2            70,315.5          72,121.8          71,605.5          73,835.1          72,604.2          72,598.3          73,636.4     76,841.3     75,712.3     77,801.9       74,386.0     76,318.9     76,530.1     77,416.2     78,147.2     75,168.6     74,074.5     71,598.8     70,048.1     70,649.7     75,176.2  
         8.  Fin. Inst., Real Estate & Bus. Services 387991.8 398386.7   380,738.6          394,482.9        400,369.7  r/         396,278.6        395,879.1        418,409.5        386,813.4        389,078.2        382,457.3        412,151.8   382,163.9   411,927.4   396,862.2     389,017.6   367,622.3   386,641.4   372,750.4   382,468.4   383,260.2   381,257.2   385,577.9   372,017.8   350,426.0   393,219.9  
         9.  Community, Social & Personal Services 208306.4 201708.7   200,718.6          199,151.6        204,977.7  r/         198,586.4        203,765.9        199,770.0        209,459.3        208,923.6        220,798.1        223,507.5   218,237.2   234,138.3   241,296.2     226,095.5   223,529.7   219,845.4   218,205.1   223,502.6   229,980.1   220,543.3   223,673.7   219,777.0   228,490.7   234,550.8  
                                                               
  TOTAL   1419299.6 1428088.6 1432662.9   1441945.5 1463784.3   1457088.9 1459922.5 1462866.9 1443518.5 1434735.2 1428818.4 1469911.4 1430004.0 1488805.1 1487746.6   1453432.6 1441897.4 1468255.5 1472731.8 1487929.4 1497930.0 1486956.8 1507568.1 1497433.9 1480977.5 1542826.6  
                                                               
  B.  Growth Rate (%) (Monthly)                                                            
         1.  Agriculture, Fisheries & Forestry -1.4 3.7 0.4   -2.1 -0.5   2.8 4.8 1.7 0.4 0.0 -1.2 0.9 0.4 0.5 1.1   #DIV/0! -0.5 4.1 10.8 1.7 -1.6 0.5 -1.5        
         2.  Mining and Quarrying 6.3 -11.8 -0.8   -1.4 0.5   -3.3 1.8 2.6 2.1 -2.3 -2.6 2.6 -4.3 3.5 -1.2   #DIV/0! -9.8 13.4 -50.9 -0.3 -2.6 -3.9 6.0        
         3.  Manufacturing 4.4 1.6 6.3   1.2 1.5   -2.5 1.1 -1.6 -0.8 -1.1 -3.2 0.6 -1.7 3.0 0.5   #DIV/0! 0.5 2.2 5.8 0.4 1.6 0.4 5.2        
         4.  Electricity, Gas & Water -2.5 -0.9 3.1   -0.5 3.1   0.9 -5.3 2.7 -3.7 -2.6 2.6 1.7 -2.4 -0.9 -5.0   #DIV/0! 9.5 1.8 0.2 -3.1 1.1 4.4 1.2        
         5.  Construction -8.7 -1.1 -1.4   -3.3 -1.4   4.6 -2.6 -1.4 3.1 -1.2 -1.4 4.7 2.6 1.4 -2.8   #DIV/0! -4.2 -1.1 -20.4 0.8 -6.3 -0.9 -1.1        
         6.  Wholesale & Retail Trade 1.9 -0.8 0.6   -1.4 0.9   5.3 -3.1 -5.7 2.2 -1.2 0.3 0.9 -0.3 1.4 3.3   #DIV/0! 3.7 -1.8 5.4 -0.7 1.1 -1.4 -2.3        
         7.  Transportation, Storage & Communication -0.3 2.0 -2.9   -2.2 1.5   -1.6 2.6 -0.7 3.1 -1.7 0.0 1.4 4.4 -1.5 2.8   #DIV/0! 2.6 0.3 1.2 0.9 -3.8 -1.5 -3.3        
         8.  Fin. Inst., Real Estate & Bus. Services -3.2 2.7 -4.4   3.6 1.5   -1.0 -0.1 5.7 -7.6 0.6 -1.7 7.8 -7.3 7.8 -3.7   #DIV/0! -5.5 5.2 -3.6 2.6 0.2 -0.5 1.1        
         9.  Community, Social & Personal Services 2.1 -3.2 -0.5   -0.8 2.9   -3.1 2.6 -2.0 4.9 -0.3 5.7 1.2 -2.4 7.3 3.1   #DIV/0! -1.1 -1.6 -0.7 2.4 2.9 -4.1 1.4        
                                                               
  TOTAL   0.3 0.6 0.3   0.6 1.5   -0.5 0.2 0.2 -1.3 -0.6 -0.4 2.9 -2.7 4.1 -0.1   #DIV/0! -0.8 1.8 0.3 1.0 0.7 -0.7 1.4        
                                                               
  B.  Growth Rate (%) (Annual)                                                            
         1.  Agriculture, Fisheries & Forestry 22.2 27.1 27.5   27.7 26.0   40.3 55.1 65.2 64.1 69.5 68.6 9.6 11.6 8.1 8.9   5.1 5.1 6.4 12.6 12.5 10.3 10.9 10.5 9.2 9.7 13.1  
         2.  Mining and Quarrying -13.5 -29.3 -27.4   -27.4 -25.8   -22.3 -12.6 -14.5 -11.2 -9.6 -2.3 -7.2 -16.4 -1.9 -2.3   76.8 58.8 86.2 -10.1 -12.7 -16.8 -18.1 -10.9 -17.5 -11.3 -12.4  
         3.  Manufacturing -8.8 -7.1 1.7   7.7 10.1   7.3 3.2 0.1 3.4 1.7 -2.0 7.3 1.0 2.5 -3.1   -7.8 -8.7 -4.3 0.2 2.3 4.7 6.4 15.6 17.8 17.9 16.2  
         4.  Electricity, Gas & Water -4.0 0.9 1.4   0.5 3.7   12.0 2.1 9.7 6.0 4.1 7.7 -1.8 -1.7 -1.7 -9.5   -7.6 -1.9 -0.9 4.8 -1.2 3.7 11.2 9.8 7.2 11.1 5.5  
         5.  Construction -15.9 -16.4 -16.0   -17.8 -20.2   -17.0 -18.7 -19.1 -13.1 -11.4 -9.0 -10.4 0.7 3.2 1.8   28.6 25.0 18.1 -3.5 -1.4 -10.4 -10.0 -9.8 -14.0 -17.9 -4.1  
         6.  Wholesale & Retail Trade 0.6 0.2 -1.9   1.9 5.0   13.3 7.6 2.7 4.3 2.5 1.4 -0.5 -2.7 -0.6 2.1   -1.6 1.1 -5.8 2.5 7.9 6.8 6.6 3.8 3.1 4.0 1.4  
         7.  Transportation, Storage & Communication -15.2 -13.2 -13.4   -11.7 -18.3   -23.6 -11.1 -6.6 -4.5 -5.3 -0.4 1.1 5.8 2.2 8.1   5.7 6.8 8.8 7.3 9.1 1.8 2.0 -1.4 -4.9 -8.1 -0.7  
         8.  Fin. Inst., Real Estate & Bus. Services 8.7 9.3 6.0   2.7 -0.1   -3.5 -3.2 2.2 0.3 -0.2 -0.6 2.8 -1.5 3.4 4.2   -1.4 -8.2 -2.4 -5.8 -8.6 -0.9 -2.0 0.8 -9.7 -8.3 -4.5  
         9.  Community, Social & Personal Services 16.8 11.2 8.8   14.5 16.5   6.6 10.1 6.6 12.9 8.1 14.4 9.6 4.8 16.1 20.2   13.5 9.1 10.7 7.1 11.9 9.8 5.6 1.3 -1.7 4.7 0.2  
                                                               
  TOTAL   1.1 1.4 2.4   4.4 4.4   3.2 3.0 3.4 5.1 3.7 3.8 3.9 0.8 4.3 3.8   0.8 -1.5 0.8 0.9 1.7 3.8 3.6 5.5 1.9 3.6 3.6  
                                                               
  C.  Per Cent Share (%)                                                            
         1.  Agriculture, Fisheries & Forestry 4.9 5.1 5.1   4.9 4.8   5.0 5.2 5.3 5.4 5.4 5.4 5.3 5.4 5.2 5.3   5.1 5.1 5.3 5.8 5.8 5.7 5.8 5.6 5.6 5.8 5.7  
         2.  Mining and Quarrying 1.2 1.0 1.0   1.0 1.0   0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9   1.7 1.6 1.8 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8  
         3.  Manufacturing 24.8 25.0 26.5   26.6 26.6   26.1 26.3 25.8 26.0 25.8 25.1 24.6 24.8 24.6 24.7   24.4 24.7 24.8 26.1 26.0 26.2 26.5 27.5 28.4 28.3 27.6  
         4.  Electricity, Gas & Water 4.9 4.8 5.0   4.9 5.0   5.1 4.8 4.9 4.8 4.7 4.8 4.8 4.8 4.6 4.3   4.5 5.0 5.0 5.0 4.8 4.8 5.0 5.0 5.0 5.2 4.6  
         5.  Construction 2.6 2.5 2.5   2.4 2.3   2.4 2.4 2.3 2.4 2.4 2.4 2.4 2.6 2.5 2.4   3.0 2.9 2.8 2.3 2.2 2.1 2.1 2.0 2.0 2.0 2.3  
         6.  Wholesale & Retail Trade 14.6 14.4 14.4   14.1 14.0   14.8 14.3 13.5 14.0 13.9 14.0 13.7 14.1 13.7 14.2   13.8 14.4 13.9 14.6 14.3 14.4 14.3 13.8 13.9 14.1 13.4  
         7.  Transportation, Storage & Communication 5.1 5.2 5.0   4.9 4.9   4.8 4.9 4.9 5.1 5.1 5.1 5.0 5.4 5.1 5.2   5.1 5.3 5.2 5.3 5.3 5.0 5.0 4.7 4.7 4.8 4.9  
         8.  Fin. Inst., Real Estate & Bus. Services 27.3 27.9 26.6   27.4 27.4   27.2 27.1 28.6 26.8 27.1 26.8 28.0 26.7 27.7 26.7   26.8 25.5 26.3 25.3 25.7 25.6 25.6 25.6 24.8 23.7 25.5  
         9.  Community, Social & Personal Services 14.7 14.1 14.0   13.8 14.0   13.6 14.0 13.7 14.5 14.6 15.5 15.2 15.3 15.7 16.2   15.6 15.5 15.0 14.8 15.0 15.4 14.8 14.8 14.7 15.4 15.2  
                                                               
  TOTAL   100.0 100.0 100.0   100.0 100.0   100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0   100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0  
                                                               
      1Peso and Foreign Accounts but excluding transactions of local banks' foreign office and interbank loans.                                                            
        Source:  Commercial Banks Monthly Statements of Condition                                                      
Date last updated:                                                             
12-Jan-05