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Development Bank of the Philippines As of September 30, 2013

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050010

Bank Code 1,554,864,152.71 111,859,490,689.12 4,761,574,178.60 12,488,333,941.01 69,360,160,582.18 24,941,105,356.32 36,469,438,062.62 6,617,401,822.31 111,825,925,017.86 0.00 3,370,636,237.81 111,256,016,753.41 0.00 2,800,727,973.36 1,723,879,921.64 1,750,209,121.10 2,130,287,561.87 603,834,198.01 926,461,145.55 5,987,733,172.42 Net Due from Head Office/Branches/Agencies, if any (Phil. branch of a foreign bank) 0.00

393,000,698,923.32 192,241,766.96 222,841,188,757.83 1,454,580.15 97,131,191,199.49 0.00 78,365,868,735.19 Official Development Assistance (ODAs) 59,578,558,667.29 Non-Official Development Assistance (Non-ODAs) 18,787,310,067.90 3,259,613,634.08 15,505,708,830.22

Official Development Assistance (ODAs) 32,424,699.52

Non-Official Development Assistance (Non-ODAs) 15,473,284,130.70 13,006,309,536.02 5,642,846,407.54 0.00 0.00 678,300.68 1,192,633,695.44 12,959,735,158.17 0.00 352,968,279,402.28 Other Liabilities

Net Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)

TOTAL LIABILITIES

Bonds Payable-Net

Unsecured Subordinated Debt-Net Redeemable Preferred Shares Special Time Deposit

Due to Bangko Sentral ng Pilipinas Other Financial Liabilities

Due to Other Banks Bills Payable

a) BSP (Rediscounting and Other Advances) b) Interbank Loans Payable

c) Other Deposit Substitute d) Others

Non-Current Assets Held for Sale Other Assets-Net

TOTAL ASSETS

L I A B I L I T I E S

Financial Liabilities at Fair Value through Profit or Loss Deposit Liabilities

Loans and Receivables Arising from RA/CA/PR/SLB General Loan Loss Provision

Other Financial Assets

Equity Investment in Subsidiaries, Associates and Joint Ventures-Net Bank Premises, Furniture, Fixture and Equipment-Net

Real and Other Properties Acquired-Net

Unquoted Debt Securities Classified as Loans-Net Investments in Non-Marketable Equity Security-Net Loans and Receivables - Net

Loans to Bangko Sentral ng Pilipinas Interbank Loans Receivable

Loans and Receivables - Others Cash and Cash Items

Due from Bangko Sentral ng Pilipinas Due from Other Banks

Financial Assets at Fair Value through Profit or Loss Available-for-Sale Financial Assets-Net

Held-to-Maturity (HTM) Financial Assets-Net

Balance Sheet

(Head Office and Branches)

Development Bank of the Philippines

As of September 30, 2013

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12,500,000,000.00 8,817,563,986.77 18,714,855,534.27 0.00 40,032,419,521.04 393,000,698,923.32 418,728,722.09 2,313,581,810.47 10,335,385.09 1,017,096,335.53 195,123,144.59 7,043,814,034.60 8,743,518,913.16 0.00 45,301,934,690.97 11,183,124,110.35 34,118,810,580.62 0.00 77,288,984,564.43 a) Interest Rate Contract Plain Vanilla Swap Fixed Player 435,400,000.00

b) Interest Rate Contract Basis Swap 435,400,000.00

c) Forward Exchange Forward Leg Swap Bought 2,177,000,000.00

d) Forward Exchange Forward Leg Swap Sold 8,490,300,000.00

e) Derivatives FX Contract OTC Option - FX Cover with National Government (NG) 65,750,884,564.43 6,067,439,973.34 148,400,557,574.27 117,574,075,921.92 2,947,422,930.70 a. Gross NPLs 5,747,728,689.61

b. Ratio of gross NPLs to gross TLP (%) 4.89%

c. Net NPLs 2,800,305,758.91

d. Ratio of Net NPLs to gross TLP (%) 2.38%

7,751,266,591.60 30,046,932,616.42 25.56%

0.00 Ratio of gross non-performing DOSRI loans and receivables to TLP (%) 0.00% Percent of Compliance with Magna Carta (%)

a. 8% Micro and Small Enterprises 2.85%

b. 2% for Medium Enterprises 3.11%

Return on Equity (ROE) 13.18%

Capital Adequacy Ratio (CAR) on Solo Basis, as prescribed under existing regulations

20.94% 17.60%

Deferred Charges not yet Written Down 0.00

Unbooked Allowance for Credit Losses on Financial Instruments Received 0.00 DOSRI loans and receivables, gross of allowance for credit losses

Ratio of DOSRI loans and receivables, gross of allowance for credit losses, to gross TLP (%)

Gross non-performing DOSRI loans and receivables

a. Total CAR (%) b. Tier 1 CAR (%)\

TOTAL CONTINGENT ACCOUNTS

A D D I T I O N A L I N F O R M A T I O N

Gross total loan portfolio (TLP)

Specific allowance for credit losses on the TLP Non-Performing Loans (NPLs)

Classified Loans & Other Risk Assets, gross of allowance for credit losses Trust Department Accounts

a) Trust and Other Fiduciary Accounts b) Agency Accounts

c) Advisory/Consultancy Derivatives

Others

Performance Standby Letters of Credit Commercial Letters of Credit

Trade Related Guarantees Commitments

Spot Foreign Exchange Contracts

Securities Held Under Custodianship by Bank Proper Assigned Capital

TOTAL STOCKHOLDERS' EQUITY

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

C O N T I N G E N T A C C O U N T S

Guarantees Issued

Financial Standby Letters of Credit

S T O C K H O L D E R S' E Q U I T Y Amount

Capital Stock

Other Capital Accounts Retained Earnings

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Republic of the Philippines ) Makati City . ) S.S.

We, FE SUSAN Z. PRADO and GIL A. BUENAVENTURA of the above-mentioned bank to the best of our knowledge and belief.

Sgd. Sgd.

FE SUSAN Z. PRADO GIL A. BUENAVENTURA

Executive Vice President President and

and Head, Finance Sector Chief Executive Officer

SUBSCRIBED AND SWORN to before me this January 29, 2009 at Makati City, affiants exhibiting to me their Community Tax Certificate No. 09368859, issued at Makati City on January 31, 2013 and Community Tax Certificate No. 07151820, issued at Makati City on January 21, 2013, respectively.

DBP - Community Tax Certificate No. 00192056 - Makati City Issued on January 04, 2013

Doc. No. 290 Page No. 77 Book No. XV Series of 2013

Makati City, Until December 31, 2014 10 Flr., DBP Bldg. Sen Gil puyat Ave., Makati City

Roll No. 44194, IBP No. 909066 PTR Exempt Under RA 7160

"Member of the Philippine Deposit Insurance Corporation.

Maximum Deposit Insurance for Each Depositor P500,000.00"

do solemnly swear that all matters set forth in the above balance sheet are true and correct

Sgd.

GRETEL T. TIONGSON

(4)

050010

Bank Code 1,565,841,883.90 112,128,942,539.69 4,820,194,108.41 12,488,333,941.01 69,410,420,232.18 24,946,437,417.36 36,469,438,062.62 6,486,552,322.31 112,885,075,120.49 0.00 3,370,636,237.81 112,204,622,705.64 150,000,000.00 2,840,183,822.96 1,726,664,836.33 403,334,548.19 2,147,338,231.42 603,834,198.01 927,373,092.95 6,908,035,680.40 Net Due from Head Office/Branches/Agencies, if any (Phil. branch of a foreign bank) 0.00

393,917,816,215.27 192,241,766.96 223,031,665,142.25 1,462,580.15 97,452,814,381.71 0.00 78,365,868,735.19 Official Development Assistance (ODAs) 59,578,558,667.29 Non-Official Development Assistance (Non-ODAs) 18,787,310,067.90 3,259,613,634.08 15,827,332,012.44

Official Development Assistance (ODAs) 32,424,699.52

Non-Official Development Assistance (Non-ODAs) 15,794,907,312.92 13,006,309,536.02 5,642,846,407.54 0.00 0.00 678,300.68 1,199,219,356.87 13,362,141,767.63 0.00 353,889,379,239.81 Other Liabilities

Net Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)

TOTAL LIABILITIES

Bonds Payable-Net

Unsecured Subordinated Debt-Net Redeemable Preferred Shares Special Time Deposit

Due to Bangko Sentral ng Pilipinas Other Financial Liabilities

Due to Other Banks Bills Payable

a) BSP (Rediscounting and Other Advances) b) Interbank Loans Payable

c) Other Deposit Substitute d) Others

Non-Current Assets Held for Sale Other Assets-Net

TOTAL ASSETS

L I A B I L I T I E S

Financial Liabilities at Fair Value through Profit or Loss Deposit Liabilities

Loans and Receivables Arising from RA/CA/PR/SLB General Loan Loss Provision

Other Financial Assets

Equity Investment in Subsidiaries, Associates and Joint Ventures-Net Bank Premises, Furniture, Fixture and Equipment-Net

Real and Other Properties Acquired-Net

Unquoted Debt Securities Classified as Loans-Net Investments in Non-Marketable Equity Security-Net Loans and Receivables - Net

Loans to Bangko Sentral ng Pilipinas Interbank Loans Receivable

Loans and Receivables - Others Cash and Cash Items

Due from Bangko Sentral ng Pilipinas Due from Other Banks

Financial Assets at Fair Value through Profit or Loss Available-for-Sale Financial Assets-Net

Held-to-Maturity (HTM) Financial Assets-Net

Consolidated Balance Sheet

(Banks and Financial Subsidiaries)

Development Bank of the Philippines

As of September 30, 2013

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12,500,000,000.00 8,778,207,090.22 18,750,707,174.54 0.00

Minority Interest in Subsidiaries (477,289.30)

40,028,436,975.46 393,917,816,215.27 418,728,722.09 2,313,581,810.47 10,335,385.09 1,017,096,335.53 195,123,144.59 7,043,814,034.60 8,743,518,913.16 0.00 45,301,934,690.97 11,183,124,110.35 34,118,810,580.62 0.00 77,288,984,564.43 a) Interest Rate Contract Plain Vanilla Swap Fixed Player 435,400,000.00

b) Interest Rate Contract Basis Swap 435,400,000.00

c) Forward Exchange Bought 2,177,000,000.00

d) Forward Exchange Sold 8,490,300,000.00

e) Derivatives FX Contract OTC Option - FX Cover with National Government (NG) 65,750,884,564.43 6,096,196,382.48

148,429,313,983.41

1 Al-Amanah Islamic Investment Bank of the Philippines 2 DBP Leasing Corporation

a. Total CAR (Consolidated Basis) 21.40%

b. Tier 1 CAR (Consolidated Basis) 17.76%

TOTAL CONTINGENT ACCOUNTS

A D D I T I O N A L I N F O R M A T I O N

1. List of Bank's Financial Allied Subsidiaries (excluding Subsidiary Insurance Companies)

2. List of Subsidiaries Insurance Companies 3. Capital Adequacy Ratio (Consolidated Basis) Trust Department Accounts

a) Trust and Other Fiduciary Accounts b) Agency Accounts

c) Advisory/Consultancy Derivatives

Others

Performance Standby Letters of Credit Commercial Letters of Credit

Trade Related Guarantees Commitments

Spot Foreign Exchange Contracts

Securities Held Under Custodianship by Bank Proper Assigned Capital

TOTAL STOCKHOLDERS' EQUITY

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

C O N T I N G E N T A C C O U N T S

Guarantees Issued

Financial Standby Letters of Credit

S T O C K H O L D E R S' E Q U I T Y Amount

Capital Stock

Other Capital Accounts Retained Earnings

(6)

Republic of the Philippines ) Makati City . ) S.S.

We, FE SUSAN Z. PRADO and GIL A. BUENAVENTURA of the above-mentioned bank to the best of our knowledge and belief.

Sgd. Sgd.

FE SUSAN Z. PRADO GIL A. BUENAVENTURA

Executive Vice President President and

and Head, Finance Sector Chief Executive Officer

SUBSCRIBED AND SWORN to before me this January 29, 2009 at Makati City, affiants exhibiting to me their Community Tax Certificate No. 09368859, issued at Makati City on January 31, 2013 and Community Tax Certificate No. 07151820, issued at Makati City on January 21, 2013, respectively.

DBP - Community Tax Certificate No. 00192056 - Makati City Issued on January 04, 2013

Doc. No. 291 Page No. 77 Book No. XV Series of 2013

Makati City, Until December 31, 2014 10 Flr., DBP Bldg. Sen Gil puyat Ave., Makati City

Roll No. 44194, IBP No. 909066 PTR Exempt Under RA 7160

"Member of the Philippine Deposit Insurance Corporation.

Maximum Deposit Insurance for Each Depositor P500,000.00"

do solemnly swear that all matters set forth in the above balance sheet are true and correct

Sgd.

GRETEL T. TIONGSON

References

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