16 Selected Performance Indicators                      
                         
                         
  Universal and Commercial Bank Group                      
  as of end of periods indicated                      
  amounts in thousand Pesos, ratios in percent (%)                      
                         
   
  Selected Accounts Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08  
   
  ASSET QUALITY RATIOS:   
  (Based on Circular No. 351 dated 19 September 2002)  
  Past Due Ratio 5.47 5.19 5.05 4.91 4.95 4.86 5.09 4.98 4.74 4.48  
  Past Due Loans 117,215,621.09 116,462,925.14 116,837,074.15 115,904,564.23 115,527,500.16 114,938,575.94 119,191,752.34 118,229,147.26 117,942,050.88 112,788,927.02  
  Total Loan Portfolio (TLP), gross  2,142,526,843.26 2,243,874,833.11 2,315,348,093.62 2,359,229,845.91 2,332,411,463.92 2,365,242,157.05 2,343,281,569.99 2,374,326,016.49 2,486,524,322.38 2,519,635,692.20  
  RL to TLP 2.90 2.77 2.67 2.49 2.50 2.51 2.47 2.44 2.30 2.21  
  Restructured Loans (RL), gross 62,054,785.28 62,153,948.38 61,757,283.02 58,862,634.55 58,229,854.50 59,331,500.65 57,955,921.34 57,982,202.95 57,164,263.37 55,688,774.34  
  TLP, gross  2,142,526,843.26 2,243,874,833.11 2,315,348,093.62 2,359,229,845.91 2,332,411,463.92 2,365,242,157.05 2,343,281,569.99 2,374,326,016.49 2,486,524,322.38 2,519,635,692.20  
  Loan Loss Reserves (LLR) to TLP 4.22 4.05 3.96 3.88 3.91 3.85 3.83 3.77 3.56 3.52  
  Allowance for Credit Losses (ACL) - TLP 89,962,202.35 90,467,590.36 91,169,952.40 90,918,154.05 90,665,851.48 90,458,395.02 89,039,553.12 88,860,690.20 87,985,224.96 88,201,681.27  
  TLP, gross  2,131,390,053.61 2,233,391,033.84 2,304,858,308.99 2,345,275,773.36 2,318,093,539.71 2,350,436,834.04 2,327,761,593.31 2,357,565,174.06 2,469,542,871.07 2,502,332,747.29  
  NPL Ratio 4.52 4.28 4.17 4.01 4.00 3.90 4.03 3.96 3.75 3.52  
  Non-Performing Loans (NPL) 96,432,210.49 95,487,725.75 96,069,965.12 94,057,408.08 92,654,777.22 91,669,191.11 93,825,684.72 93,383,462.29 92,677,754.64 88,191,597.74  
  TLP, gross  2,131,390,053.61 2,233,391,033.84 2,304,858,308.99 2,345,275,773.36 2,318,093,539.71 2,350,436,834.04 2,327,761,593.31 2,357,565,174.06 2,469,542,871.07 2,502,332,747.29  
  NPL Ratio, net of IBL 5.23 5.03 4.98 4.69 4.59 4.49 4.55 4.47 4.15 3.87  
  NPL 96,432,210.49 95,487,725.75 96,069,965.12 94,057,408.08 92,654,777.22 91,669,191.11 93,825,684.72 93,383,462.29 92,677,754.64 88,191,597.74  
  TLP, gross net of IBL 1,844,967,656.05 1,897,195,351.94 1,930,330,998.06 2,005,125,926.84 2,019,164,875.92 2,043,660,768.71 2,061,142,158.28 2,091,321,373.12 2,233,843,587.77 2,277,839,331.22  
  NPL Coverage Ratio 93.29 94.74 94.90 96.66 97.85 98.68 94.90 95.16 94.94 100.01  
  ACL - TLP 89,962,202.35 90,467,590.36 91,169,952.40 90,918,154.05 90,665,851.48 90,458,395.02 89,039,553.12 88,860,690.20 87,985,224.96 88,201,681.27  
  Gross NPL 96,432,210.49 95,487,725.75 96,069,965.12 94,057,408.08 92,654,777.22 91,669,191.11 93,825,684.72 93,383,462.29 92,677,754.64 88,191,597.74  
  NPA to Gross Assets  5.43 5.33 5.21 5.01 5.16 4.95 4.91 4.80 4.68 4.51  
  Non-Performing Assets (NPA) 247,346,561.23 244,550,095.18 243,039,623.17 239,656,892.21 239,931,598.87 236,921,956.40 237,499,610.47 237,156,271.39 234,731,271.60 232,418,587.69  
  (1) Gross NPL 96,432,210.49 95,487,725.75 96,069,965.12 94,057,408.08 92,654,777.22 91,669,191.11 93,825,684.72 93,383,462.29 92,677,754.64 88,191,597.74  
  (2) ROPA, gross 150,914,350.74 149,062,369.44 146,969,658.06 145,599,484.13 147,276,821.64 145,252,765.29 143,673,925.75 143,772,809.10 142,053,516.96 144,226,989.95  
  Gross Assets 4,552,536,100.17 4,588,194,503.22 4,662,570,509.01 4,783,888,073.91 4,649,818,996.84 4,781,983,583.81 4,838,644,368.71 4,944,701,280.13 5,016,758,034.72 5,151,608,905.31  
  (1) Total Assets 4,436,770,315.82 4,472,326,315.33 4,545,853,247.25 4,667,295,407.97 4,533,627,838.91 4,665,790,999.65 4,722,531,831.29 4,828,658,416.57 4,901,498,674.79 5,034,953,902.34  
  (2) Allowance on NPA 115,765,784.35 115,868,187.89 116,717,261.76 116,592,665.95 116,191,157.93 116,192,584.16 116,112,537.41 116,042,863.57 115,259,359.93 116,655,002.97  
  NPA Coverage Ratio 46.80 47.38 48.02 48.65 48.43 49.04 48.89 48.93 49.10 50.19  
  Allowance on NPA 115,765,784.35 115,868,187.89 116,717,261.76 116,592,665.95 116,191,157.93 116,192,584.16 116,112,537.41 116,042,863.57 115,259,359.93 116,655,002.97  
  NPA 247,346,561.23 244,550,095.18 243,039,623.17 239,656,892.21 239,931,598.87 236,921,956.40 237,499,610.47 237,156,271.39 234,731,271.60 232,418,587.69  
  Distressed Assets Ratio 12.36 11.71 11.32 10.88 10.95 10.73 10.82 10.69 10.16 9.96  
  Distressed Assets 283,522,510.33 280,380,224.58 278,839,552.49 272,341,530.82 270,994,765.61 269,128,273.39 268,768,205.53 268,696,862.44 266,750,333.68 264,713,029.66  
  NPA 247,346,561.23 244,550,095.18 243,039,623.17 239,656,892.21 239,931,598.87 236,921,956.40 237,499,610.47 237,156,271.39 234,731,271.60 232,418,587.69  
  RL, Performing 36,175,949.11 35,830,129.40 35,799,929.32 32,684,638.61 31,063,166.75 32,206,316.99 31,268,595.07 31,540,591.05 32,019,062.08 32,294,441.97  
  TLP, gross  2,131,390,053.61 2,233,391,033.84 2,304,858,308.99 2,345,275,773.36 2,318,093,539.71 2,350,436,834.04 2,327,761,593.31 2,357,565,174.06 2,469,542,871.07 2,502,332,747.29  
  Total ROPA 162,395,708.71 160,543,518.75 158,549,671.94 157,546,125.87 157,245,233.93 156,671,825.85 155,956,314.79 155,957,660.93 154,833,528.15 155,654,575.77  
  (1) ROPA, gross 150,914,350.74 149,062,369.44 146,969,658.06 145,599,484.13 147,276,821.64 145,252,765.29 143,673,925.75 143,772,809.10 142,053,516.96 144,226,989.95  
  (2) Performing SCR 11,481,357.97 11,481,149.31 11,580,013.89 11,946,641.74 9,968,412.28 11,419,060.56 12,282,389.04 12,184,851.82 12,780,011.19 11,427,585.82  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 21.45 20.40 20.30 21.29 18.71 19.75 21.05 20.90 18.88 20.51  
  Cash and Due from Banks   669,670,501.34 648,876,685.25 653,104,212.90 701,965,925.08 615,050,182.29 660,927,892.80 726,217,983.50 738,383,773.02 678,574,797.92 759,570,682.69  
  Deposits 3,121,688,469.76 3,180,016,477.13 3,216,514,817.95 3,297,072,506.31 3,287,773,810.38 3,346,714,254.71 3,450,053,327.23 3,532,682,002.81 3,594,475,065.83 3,702,908,905.21  
  (2) Liquid Assets to Deposits Ratio 57.73 54.60 54.00 54.93 52.06 54.45 54.85 55.32 52.75 55.10  
  Liquid Assets, sum of: 1,802,214,085.40 1,736,323,282.10 1,736,758,498.13 1,811,016,306.28 1,711,701,485.31 1,822,432,086.84 1,892,480,492.95 1,954,144,061.13 1,896,047,395.29 2,040,117,805.63  
  (1) Cash and Due from Banks 669,670,501.34 648,876,685.25 653,104,212.90 701,965,925.08 615,050,182.29 660,927,892.80 726,217,983.50 738,383,773.02 678,574,797.92 759,570,682.69  
  (2) Financial Assets, net (excl. equity investments) 1,132,543,584.06 1,087,446,596.85 1,083,654,285.23 1,109,050,381.20 1,096,651,303.02 1,161,504,194.03 1,166,262,509.45 1,215,760,288.10 1,217,472,597.37 1,280,547,122.94  
  Deposits 3,121,688,469.76 3,180,016,477.13 3,216,514,817.95 3,297,072,506.31 3,287,773,810.38 3,346,714,254.71 3,450,053,327.23 3,532,682,002.81 3,594,475,065.83 3,702,908,905.21  
  (3) Loans (gross) to Deposits 68.63 70.56 71.98 71.56 70.94 70.67 67.92 67.21 69.18 68.04  
  Loans (gross) 2,142,526,843.26 2,243,874,833.11 2,315,348,093.62 2,359,229,845.91 2,332,411,463.92 2,365,242,157.05 2,343,281,569.99 2,374,326,016.49 2,486,524,322.38 2,519,635,692.20  
  Deposits 3,121,688,469.76 3,180,016,477.13 3,216,514,817.95 3,297,072,506.31 3,287,773,810.38 3,346,714,254.71 3,450,053,327.23 3,532,682,002.81 3,594,475,065.83 3,702,908,905.21  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.28 1.15 1.05 0.79  
  Annualized Net Profit or Loss  56,401,384.18 51,843,426.55 47,482,166.98 37,437,487.33  
  Average Assets 4,402,223,837.14 4,512,342,182.52 4,512,995,770.19 4,761,616,654.87  
  Total Assets (last year) 4,367,677,358.47 4,357,388,957.08 4,303,459,709.08 4,488,279,407.40  
  Total Assets (current year) 4,436,770,315.82 4,667,295,407.97 4,722,531,831.29 5,034,953,902.34  
  (2) Return on Equity (ROE) 11.08 10.59 9.40 7.17  
  Annualized Net Profit or Loss  56,401,384.18 51,843,426.55 47,482,166.98 37,437,487.33  
  Average Capital 508,894,056.53 489,718,943.78 505,027,715.77 522,111,453.10  
  Total Capital (last year) 497,932,328.21 491,451,681.32 496,314,851.04 523,249,006.60  
  Total Capital (current year) 519,855,784.85 487,986,206.24 513,740,580.50 520,973,899.59  
  (3) Earning Asset Yield 6.92 6.70 6.81 6.92  
  Annualized Interest Income 247,476,881.67 248,043,271.63 252,319,890.71 268,075,791.34  
  Average Earning Assets 3,578,773,071.46 3,703,364,142.32 3,706,988,767.59 3,873,819,119.40  
  Earning Assets (last year) 3,332,012,500.35 3,332,158,563.16 3,274,551,714.55 3,388,111,480.90  
  Earning Assets (current year) 3,825,533,642.57 4,074,569,721.48 4,139,425,820.63 4,359,526,757.89  
  (4) Funding Cost 3.10 2.96 3.01 2.99  
  Annualized Interest Expense 112,320,547.85 110,843,995.44 111,938,641.07 116,922,780.33  
  Average Interest Bearing Liabilities 3,622,672,254.86 3,741,043,340.82 3,722,093,673.20 3,912,449,052.99  
  Interest Bearing Liabilities (last year) 3,595,855,259.55 3,594,723,942.34 3,520,169,470.56 3,642,097,915.96  
  Interest Bearing Liabilities (current year) 3,649,489,250.18 3,887,362,739.30 3,924,017,875.84 4,182,800,190.02  
  (5) Interest Spread 3.81 3.73 3.80 3.93  
  (3) Earning Asset Yield 6.92 6.70 6.81 6.92  
  (4) Funding Cost 3.10 2.96 3.01 2.99  
  (6) Net Interest Margin 3.78 3.70 3.79 3.90  
  Annualized Net Interest Income 135,154,155.26 137,195,294.95 140,373,262.39 150,961,306.78  
  Average Earning Assets 3,578,773,071.46 3,703,364,142.32 3,706,988,767.59 3,873,819,119.40  
  (7) Cost to Income Ratio 64.80 67.61 70.91 72.72  
  Annualized Non-Interest Expenses 150,109,347.50 154,455,519.63 160,465,754.96 162,680,818.81  
  Annualized Total Operating Income 231,650,889.50 228,457,816.48 226,301,187.97 223,712,265.96  
  (8) Net Interest Income to Total Operating Income 58.34 60.05 62.03 67.48  
  Annualized Net Interest Income  135,154,155.26 137,195,294.95 140,373,262.39 150,961,306.78  
  Annualized Total Operating Income 231,650,889.50 228,457,816.48 226,301,187.97 223,712,265.96  
  (9) Non-interest Income to Total Operating Income 41.66 39.95 37.97 32.52  
  Annualized Non-Interest Income 96,496,734.24 91,262,521.53 85,927,925.59 72,750,959.18  
  Annualized Total Operating Income 231,650,889.50 228,457,816.48 226,301,187.97 223,712,265.96  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 14.46 14.34 14.61 14.81  
  Capital Adequacy Ratio - Conso 15.66 15.47 15.70 15.69  
  Total Capital Accounts to Total Assets 11.76 11.53 11.17 10.50 11.11 11.00 10.93 10.20 10.24 10.39