Pursuant to Monetary Board Resolution No. 405 dated March 18, 1998, all banks listed in the Philippine Stock Exchange are required to disclose the following additional information in the quarterly Published Statement of Condition:

1. Amount of non-performing loans and ratio to total loan portfolio

2. Amount of classified loans and other risk assets

3. General loan-loss reserve

4. Specific loan-loss reserve

This Circular shall take effect in December 1998.

Adopted: 19 Mar. 1998

(SGD.) GABRIEL C. SINGSON
Governor