Banco de Oro Universal Bank provides a - Asianbanks.net

More documents

Recommendations

Info

48 BANCO DE OROThe CRMG is also responsible for conducting stress tests (based on the value-at-risk model) on the Group’s portfolio of financial instrumentsand reporting the results to the Board for a more concrete assessment of the risks. The CRMG ensures that all policies as approved by theBoard are properly communicated to, and adopted by, the risk-taking personnel. The CRMG also conducts market risk analysis before newproducts are introduced.In 2005, the Group applied a 99% confidence level and a 260-day observation period.During the year, the average value-at-risk for the Group’s trading portfolio for a one-day holding period was P202 million. The maximum andminimum values were P69 million (January 24, 2005) and P341 million (February 8, 2005), respectively.For December 31, 2004, the respective items are as follows:• Average value-at-risk for 260 days, P15 million; and• Maximum and minimum values P84 million (December 28, 2004) and P3 million (October 14, 2004), respectively.3.28.2 Liquidity RiskLiquidity risk is the risk that there are insufficient funds available to adequately meet the credit demands of the Group’s customers and repaydeposits on maturity. The Group manages liquidity risk by holding sufficient liquid assets of appropriate quality to ensure short-term fundingrequirements are met and by maintaining a balanced loan portfolio which is repriced on a regular basis. In addition, the Group seeks tomaintain sufficient liquidity to take advantage of interest rate and exchange rate opportunities when they arise.The analysis of the concentration of assets, liabilities and off-statement of condition items as of December 31, 2005 and 2004 are presentedbelow (amounts in millions):Consolidated 2005One to Three One to Morethree months to three than threemonths one year years years TotalResources:Cash P 1,197 P 22 P - P 5,402 P 6,621Loans 12,358 20,588 23,233 22,308 78,487Investments 23,680 6,113 19,506 38,765 88,064Placements 18,783 439 2,153 5,273 26,648Other assets 9,083 2,708 1,215 20,939 33,945Total Resources 65,101 29,870 46,107 92,687 233,765Liabilities and Capital Funds:Customer’s deposits 32,678 1,092 17,900 107,996 159,666Bills payable 22,850 10,045 4,029 8,921 45,845Other liabilities 473 5,901 1,115 531 8,020Total liabilities 56,001 17,038 23,044 117,448 213,531Capital Funds - 2,771 - 17,463 20,234Total Liabilities and Capital Funds 56,001 19,809 23,044 134,911 233,765On-book gap 9,100 10,061 23,063 ( 42,224) -Cumulative on-book gap 9,100 19,161 42,224 - -Contingent assets 13,510 6,588 4,663 2,505 27,266Contingent liabilities 11,311 21,437 4,592 3,622 40,962Total gap P 11,299 (P 4,788) P 23,134 (P 43,341) (P 13,696)Cumulative total gap P 11,299 P 6,511 P 29,645 (P 13,696) (P 13,696)
2005 ANNUAL REPORT49Consolidated2004One to Three One to Morethree months to three than threemonths one year years years TotalResources:Cash P 1,299 P 5 P - P 4,323 P 5,627Loans 10,518 17,705 14,329 17,728 60,280Investments 27,461 1,993 16,183 31,610 77,247Placements 8,768 648 6,409 2,499 18,324Other assets 5,479 1,899 1,268 9,500 18,146Total Resources 53,525 22,250 38,189 65,660 179,624Liabilities and Capital Funds:Customer’s deposits 36,396 1,420 18,762 72,069 128,647Bills payable 10,491 6,736 8,824 2,556 28,607Other liabilities 370 3,386 829 1,127 5,712Total liabilities 47,257 11,542 28,415 75,752 162,966Capital - 1,298 - 15,360 16,658Total Liabilities and Capital Funds: 47,257 12,840 28,415 91,112 179,624On-book gap 6,268 9,410 9,774 ( 25,452) -Cumulative on-book gap 6,268 15,678 25,452 - -Contingent assets 16,405 2,857 8,752 958 28,972Contingent liabilities 12,346 17,150 8,827 958 39,281Total gap P 10,327 (P 4,883) P 9,699 (P 25,452) (P 10,309)Cumulative total gap P 10,327 P 5,444 P 15,143 (P 10,309) (P 10,309)Parent Company2005One to Three One to Morethree months to three than threemonths one year years years TotalResources:Cash P 1,197 P 22 P - P 5,402 P 6,621Loans 20,736 20,250 22,750 17,599 81,335Investments 19,001 5,895 14,719 38,430 78,045Placements 18,056 349 2,153 5,265 25,823Other resources 639 2,701 1,119 19,489 23,948Total Resources 59,629 29,217 40,741 86,185 215,772Liabilities and Capital Funds:Deposits liabilities 31,049 614 16,114 108,414 156,191Bills payable 13,112 9,724 1,737 8,921 33,494Other liabilities 469 5,367 950 531 7,317Total Liabilities 44,630 15,705 18,801 117,866 197,002Capital Funds - 2,843 - 15,927 18,770Total Liabilities andCapital Funds 44,630 18,548 18,801 133,793 215,772On-book gap 14,999 10,669 21,940 ( 47,608) -Cumulative on-book gap 14,999 25,668 47,608 - -Contingent assets 10,715 1,274 89 2,505 14,583Contingent liabilities 8,544 16,129 112 3,622 28,407Total gap P 17,170 (P 4,186) P 21,917 (P 48,725) (P 13,824)Cumulative total gap P 17,170 P 12,984 P 34,901 (P 13,824) (P 13,824)
Page 3 and 4: Banco de Oro Universal Bank provide
Page 5 and 6: M a n a g e m e n t D i r e c t o r
Page 7 and 8: 2 0 0 5 A N N U A L R E P O R T 5M
Page 9 and 10: 2 0 0 5 A N N U A L R E P O R T 7M
Page 11 and 12: 2 0 0 5 A N N U A L R E P O R T 9wi
Page 13 and 14: 2 0 0 5 A N N U A L R E P O R T 11m
Page 15 and 16: 2 0 0 5 A N N U A L R E P O R T 13A
Page 17 and 18: 2 0 0 5 A N N U A L R E P O R T 15T
Page 19 and 20: 2 0 0 5 A N N U A L R E P O R T 17i
Page 21 and 22: 2 0 0 5 A N N U A L R E P O R T 19w
Page 23 and 24: 2 0 0 5 A N N U A L R E P O R T 21A
Page 25: 2 0 0 5 A N N U A L R E P O R T 23S
Page 28 and 29: 26 BANCO DE OROStatements of Income
Page 30 and 31: 28 BANCO DE OROStatements of Cash F
Page 32 and 33: 30 BANCO DE OROThe following reconc
Page 34 and 35: 32 BANCO DE OROb. The re-measuremen
Page 36 and 37: 34 BANCO DE ORO2.5 Recognition as T
Page 38 and 39: 36 BANCO DE OROWith regard to inves
Page 40 and 41: 38 BANCO DE OROThe financial statem
Page 42 and 43: 40 BANCO DE OROAmounts accumulated
Page 44 and 45: 42 BANCO DE ORO3.15 ProvisionsProvi
Page 46 and 47: 44 BANCO DE ORO3.19 Impairment of N
Page 48 and 49: 46 BANCO DE ORO3.25 Trust Activitie
Page 52 and 53: 50 BANCO DE OROParent Company2004On
Page 54 and 55: 52 BANCO DE ORO3.28.4 Credit RiskCr
Page 56 and 57: 54 BANCO DE ORO6. DUE FROM OTHER BA
Page 58 and 59: 56 BANCO DE OROOther debt securitie
Page 60 and 61: 58 BANCO DE OROIncluded in these ac
Page 62 and 63: 60 BANCO DE OROParentLeasehold Furn
Page 64 and 65: 62 BANCO DE ORO14. OTHER RESOURCESO
Page 66 and 67: 64 BANCO DE OROBills payable bears
Page 68 and 69: 66 BANCO DE OROOther operating expe
Page 70 and 71: 68 BANCO DE OROThe reconciliation o
Page 72 and 73: 70 BANCO DE OROb. 10% VAT will rema
Page 74 and 75: 72 BANCO DE OROAs part of the MOA,
Page 76 and 77: 74 BANCO DE OROb. Secured Liabiliti
Page 78 and 79: 76B A N C O D E O R OM a n a g e m
Page 80 and 81: 78B A N C O D E O R OP r o d u c t
Page 82 and 83: 80B A N C O D E O R OB r a n c h D
Page 84 and 85: 82B A N C O D E O R OJOSE ABAD SANT
Page 86: 84B A N C O D E O R OSM CITY PAMPAN

Banco de Oro Universal Bank provides a - Asianbanks.net

Create successful ePaper yourself

Delete template?

Save as template?