PHILIPPINE FOREIGN CURRENCY DEPOSIT SYSTEM        
As of Dates Indicated        
 (In US$ Millions)         
                 
                 
          End-June Increase/(Decrease)
          2010 2011 Amount %
IN US$ MILLION        
    BALANCE SHEET        
      TOTAL ASSETS 1            28,415.528            31,121.622            2,706.094                     9.52
        CASH AND DUE FROM BANKS              3,256.946              3,628.716               371.770                   11.41
        FINANCIAL ASSETS, GROSS            14,093.275            16,482.374            2,389.099                   16.95
            ALLOWANCE FOR CREDIT LOSSES                 195.035                 106.522               (88.512)                 (45.38)
        ACCUMULATED MARKET GAINS/LOSSES                 119.041                 110.264                 (8.777)                   (7.37)
        FINANCIAL ASSETS, NET            14,017.281            16,486.115            2,468.834                   17.61
        INTERBANK LOANS RECEIVABLE (IBL), NET              5,357.893              3,905.277          (1,452.616)                 (27.11)
        LOANS, GROSS (EXCLUSIVE OF IBL)              5,463.210              6,598.867            1,135.657                   20.79
            ALLOWANCE FOR PROBABLE LOSSES 2                 127.064                 146.173                 19.110                   15.04
        LOANS, NET (EXCLUSIVE OF IBL)              5,336.147              6,452.694            1,116.547                   20.92
        EQUITY INVESTMENTS, NET        
        ROPA, NET                     0.322                     0.064                 (0.257)                 (79.97)
        OTHER ASSETS, NET                 446.939                 648.756               201.817                   45.16
      TOTAL LIABILITIES            27,592.219            30,256.532            2,664.313                     9.66
        FINANCIAL LIABILITIES HELD FOR TRADING                   74.879                 112.132                 37.253                   49.75
        FINANCIAL LIABILITIES DFVPL                     0.253                           -                   (0.253)               (100.00)
        DEPOSIT LIABILITIES            24,529.594            25,478.548               948.954                     3.87
        DUE TO OTHER BANKS                 507.110                 469.469               (37.641)                   (7.42)
        BILLS PAYABLE                 546.214              2,217.827            1,671.613                 306.04
        BONDS PAYABLE, NET                 249.158                 848.145               598.987                 240.40
        UNSECURED SUBORDINATED DEBT, NET                 150.000                 150.000                        -                          -  
        OTHER LIABILITIES                 262.809                 249.763               (13.046)                   (4.96)
        DUE TO HO/Br./AGENCIES/FCDU/RBU, NET 3              1,272.202                 730.648             (541.554)                 (42.57)
      TOTAL CAPITAL ACCOUNTS 4                 823.309                 865.090                 41.782                     5.07
    INCOME STATEMENT 5        
      Total Operating Income              1,053.474              1,240.792               187.318                   17.78
        Net Interest Income                 638.351                 709.071                 70.721                   11.08
        Non-interest Income                 415.124                 531.721               116.597                   28.09
      Non-Interest Expenses                 110.998                 146.700                 35.701                   32.16
      Losses/Recoveries on Financial Assets                 (23.068)                 (10.928)                 12.140                 (52.63)
        Bad Debts/Provision for Credit Losses                 (25.832)                 (26.543)                 (0.711)                     2.75
        Recovery on Charged-Off Assets                     2.764                     1.964                 (0.801)                 (28.96)
      Net Profit Before Share in the Profit/(Loss) of                 919.408              1,069.513               150.105                   16.33
      unconsolidated Subs., Associates & Joint Ventures
      Share in the Profit/(Loss) of Unconsolidated        
      Subsidiaries, Associates & Joint Ventures        
      Total Profit/Loss Before Tax & Before Minority Interest                 919.408              1,069.513               150.105                   16.33
      Income Tax Expense                   14.653                   15.042                   0.389                     2.65
      Total Profit/Loss After Tax & Before Minority Interest                 904.754              1,054.471               149.716                   16.55
      Minority Interest in Profit/(Loss) of Subsidiaries        
      Net Profit or Loss                  904.754              1,054.471               149.716                   16.55
                 
Selected Ratios        
    Liquidity         
      Liquid Assets to Deposits 6 (excl. of ROPs)                     44.20                     46.70    
      Liquid Assets to Deposits 6 (incl. of ROPs)                     70.42                     78.95    
      Loans, gross to Deposits                     44.22                     41.23    
    Asset Quality        
      Non-Performing Loans (NPL) Ratio 7  8                       1.78                       0.69    
      NPL Coverage Ratio 7  8                   136.85                   288.34    
      Non-Performing Assets (NPA) to Gross Assets 7                       0.34                       0.15    
      NPA Coverage Ratio 7                   136.33                   287.28    
    Profitability         
      Cost to Income Ratio 5                     10.54                     11.82    
      Return on Assets (ROA) 5                       3.40                       3.54    
      Net Interest Margin 5                       2.44                       2.43    
   
1 Adjusted to net off the account "Due from Head Office" with "Due to Head Office" of branches of foreign banks  
2 Inclusive of General Loan Loss Provision  
3 Net of Due from Head Office/Branches/Agencies (Philippine branches of foreign banks) and Due from FCDU/RBU  
4 Revised based on the Financial Reporting Package (FRP) data  
5 Annualized  
6 Liquid assets refers to Cash and Due from Banks plus Financial Assets, net of amortization (net of financial assets in equity securities and allowance for credit losses)  
7 Exclusive of IBL  
8 Circular 351 definition