25 Selected Performance Indicators                      
                         
                         
  Universal 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 5.72 5.42 5.30 5.08 5.18 5.07 5.29 5.15 4.83 4.54  
  Past Due Loans 99,149,653.42 98,710,369.78 99,388,024.22 97,932,015.19 98,069,156.44 96,531,500.69 100,578,044.22 100,070,950.34 99,300,313.83 95,160,557.03  
  Total Loan Portfolio (TLP), gross  1,733,944,764.43 1,819,782,296.45 1,874,081,265.64 1,929,010,032.71 1,893,234,046.04 1,905,269,334.36 1,901,087,021.82 1,941,592,888.51 2,055,059,056.39 2,094,083,585.48  
  RL to TLP 2.98 2.85 2.76 2.53 2.54 2.59 2.51 2.47 2.31 2.19  
  Restructured Loans (RL), gross 51,700,683.52 51,871,728.20 51,659,374.34 48,773,768.33 48,131,600.87 49,322,348.73 47,806,784.90 47,972,637.75 47,455,399.67 45,916,152.65  
  TLP, gross  1,733,944,764.43 1,819,782,296.45 1,874,081,265.64 1,929,010,032.71 1,893,234,046.04 1,905,269,334.36 1,901,087,021.82 1,941,592,888.51 2,055,059,056.39 2,094,083,585.48  
  Loan Loss Reserves (LLR) to TLP 4.43 4.24 4.16 4.03 4.09 4.04 3.97 3.89 3.64 3.60  
  Allowance for Credit Losses (ACL) - TLP 76,395,148.48 76,813,916.85 77,539,402.17 77,219,311.41 76,849,543.88 76,315,735.84 74,980,892.38 74,978,617.92 74,267,446.55 74,881,945.39  
  TLP, gross  1,723,615,252.80 1,810,128,532.19 1,864,421,378.79 1,915,865,003.09 1,879,724,854.92 1,891,272,631.02 1,886,422,956.48 1,925,648,525.00 2,038,865,934.04 2,078,042,714.24  
  NPL Ratio 4.81 4.56 4.45 4.17 4.22 4.08 4.19 4.10 3.82 3.58  
  Non-Performing Loans (NPL) 82,827,676.53 82,468,257.61 82,991,660.54 79,832,881.64 79,247,232.53 77,217,876.37 79,018,862.36 78,873,570.17 77,953,399.92 74,491,693.46  
  TLP, gross  1,723,615,252.80 1,810,128,532.19 1,864,421,378.79 1,915,865,003.09 1,879,724,854.92 1,891,272,631.02 1,886,422,956.48 1,925,648,525.00 2,038,865,934.04 2,078,042,714.24  
  NPL Ratio, net of IBL 5.34 5.17 5.13 4.73 4.72 4.58 4.60 4.51 4.13 3.85  
  NPL 82,827,676.53 82,468,257.61 82,991,660.54 79,832,881.64 79,247,232.53 77,217,876.37 79,018,862.36 78,873,570.17 77,953,399.92 74,491,693.46  
  TLP, gross net of IBL 1,551,143,241.42 1,595,599,279.43 1,616,257,631.51 1,687,204,145.87 1,677,488,146.02 1,687,612,798.25 1,717,986,693.24 1,748,167,515.20 1,886,164,045.81 1,934,635,417.17  
  NPL Coverage Ratio 92.23 93.14 93.43 96.73 96.97 98.83 94.89 95.06 95.27 100.52  
  ACL - TLP 76,395,148.48 76,813,916.85 77,539,402.17 77,219,311.41 76,849,543.88 76,315,735.84 74,980,892.38 74,978,617.92 74,267,446.55 74,881,945.39  
  Gross NPL 82,827,676.53 82,468,257.61 82,991,660.54 79,832,881.64 79,247,232.53 77,217,876.37 79,018,862.36 78,873,570.17 77,953,399.92 74,491,693.46  
  NPA to Gross Assets  5.87 5.76 5.63 5.34 5.55 5.32 5.23 5.13 4.95 4.74  
  Non-Performing Assets (NPA) 222,751,896.73 220,268,451.76 218,891,053.41 214,453,304.95 215,556,304.37 211,595,540.34 211,808,162.25 211,623,050.79 209,057,830.65 206,915,252.79  
  (1) Gross NPL 82,827,676.53 82,468,257.61 82,991,660.54 79,832,881.64 79,247,232.53 77,217,876.37 79,018,862.36 78,873,570.17 77,953,399.92 74,491,693.46  
  (2) ROPA, gross 139,924,220.19 137,800,194.15 135,899,392.87 134,620,423.31 136,309,071.84 134,377,663.97 132,789,299.89 132,749,480.62 131,104,430.74 132,423,559.32  
  Gross Assets 3,792,571,244.26 3,825,293,697.64 3,888,341,397.34 4,018,118,275.74 3,887,112,928.80 3,977,693,104.71 4,050,277,341.67 4,128,245,459.75 4,220,173,227.09 4,362,400,520.50  
  (1) Total Assets 3,691,699,573.88 3,724,544,650.17 3,786,744,240.62 3,916,708,764.38 3,786,232,666.39 3,877,138,071.12 3,949,685,283.36 4,027,560,427.52 4,120,121,438.91 4,260,565,639.49  
  (2) Allowance on NPA 100,871,670.38 100,749,047.48 101,597,156.72 101,409,511.36 100,880,262.41 100,555,033.59 100,592,058.30 100,685,032.24 100,051,788.18 101,834,881.00  
  NPA Coverage Ratio 45.28 45.74 46.41 47.29 46.80 47.52 47.49 47.58 47.86 49.22  
  Allowance on NPA 100,871,670.38 100,749,047.48 101,597,156.72 101,409,511.36 100,880,262.41 100,555,033.59 100,592,058.30 100,685,032.24 100,051,788.18 101,834,881.00  
  NPA 222,751,896.73 220,268,451.76 218,891,053.41 214,453,304.95 215,556,304.37 211,595,540.34 211,808,162.25 211,623,050.79 209,057,830.65 206,915,252.79  
  Distressed Assets Ratio 13.44 12.72 12.29 11.68 11.86 11.67 11.66 11.44 10.76 10.46  
  Distressed Assets 251,861,524.61 248,966,876.06 247,076,508.02 240,647,661.80 240,009,077.00 237,433,379.32 236,611,959.91 236,769,152.75 234,775,200.24 232,326,784.85  
  NPA 222,751,896.73 220,268,451.76 218,891,053.41 214,453,304.95 215,556,304.37 211,595,540.34 211,808,162.25 211,623,050.79 209,057,830.65 206,915,252.79  
  RL, Performing 29,109,627.88 28,698,424.29 28,185,454.61 26,194,356.85 24,452,772.63 25,837,838.99 24,803,797.66 25,146,101.95 25,717,369.59 25,411,532.06  
  TLP, gross  1,723,615,252.80 1,810,128,532.19 1,864,421,378.79 1,915,865,003.09 1,879,724,854.92 1,891,272,631.02 1,886,422,956.48 1,925,648,525.00 2,038,865,934.04 2,078,042,714.24  
  Total ROPA 149,834,334.19 147,699,838.60 145,897,693.74 144,938,859.27 144,585,619.66 144,127,235.77 143,443,276.89 143,339,742.94 142,231,145.79 143,271,273.22  
  (1) ROPA, gross 139,924,220.19 137,800,194.15 135,899,392.87 134,620,423.31 136,309,071.84 134,377,663.97 132,789,299.89 132,749,480.62 131,104,430.74 132,423,559.32  
  (2) Performing SCR 9,910,114.00 9,899,644.45 9,998,300.87 10,318,435.96 8,276,547.82 9,749,571.80 10,653,977.00 10,590,262.32 11,126,715.05 10,847,713.90  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 21.02 20.25 19.93 21.17 18.49 19.61 21.03 20.67 18.67 20.61  
  Cash and Due from Banks   552,230,097.01 542,231,117.78 539,284,148.09 591,796,090.48 514,392,163.04 554,209,052.07 615,751,262.22 618,661,849.31 574,054,421.89 656,245,113.12  
  Deposits 2,627,123,745.86 2,677,723,962.32 2,705,758,986.04 2,796,036,041.74 2,781,329,056.13 2,825,867,152.60 2,928,432,675.66 2,992,564,932.97 3,074,222,382.84 3,183,695,395.42  
  (2) Liquid Assets to Deposits Ratio 57.94 54.89 54.57 55.40 52.52 54.91 55.26 54.95 52.28 55.01  
  Liquid Assets, sum of: 1,522,191,828.74 1,469,751,175.90 1,476,583,509.64 1,548,875,299.94 1,460,650,967.86 1,551,667,379.40 1,618,267,405.44 1,644,474,618.80 1,607,345,664.88 1,751,247,291.81  
  (1) Cash and Due from Banks 552,230,097.01 542,231,117.78 539,284,148.09 591,796,090.48 514,392,163.04 554,209,052.07 615,751,262.22 618,661,849.31 574,054,421.89 656,245,113.12  
  (2) Financial Assets, net (excl. equity investments) 969,961,731.73 927,520,058.13 937,299,361.55 957,079,209.46 946,258,804.82 997,458,327.33 1,002,516,143.22 1,025,812,769.49 1,033,291,242.99 1,095,002,178.69  
  Deposits 2,627,123,745.86 2,677,723,962.32 2,705,758,986.04 2,796,036,041.74 2,781,329,056.13 2,825,867,152.60 2,928,432,675.66 2,992,564,932.97 3,074,222,382.84 3,183,695,395.42  
  (3) Loans (gross) to Deposits 66.00 67.96 69.26 68.99 68.07 67.42 64.92 64.88 66.85 65.78  
  Loans (gross) 1,733,944,764.43 1,819,782,296.45 1,874,081,265.64 1,929,010,032.71 1,893,234,046.04 1,905,269,334.36 1,901,087,021.82 1,941,592,888.51 2,055,059,056.39 2,094,083,585.48  
  Deposits 2,627,123,745.86 2,677,723,962.32 2,705,758,986.04 2,796,036,041.74 2,781,329,056.13 2,825,867,152.60 2,928,432,675.66 2,992,564,932.97 3,074,222,382.84 3,183,695,395.42  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.31 1.17 1.06 0.81  
  Annualized Net Profit or Loss  47,577,783.09 43,930,362.45 39,988,324.29 32,540,643.92  
  Average Assets 3,640,846,987.59 3,748,477,220.94 3,774,967,051.53 4,015,407,583.53  
  Total Assets (last year) 3,589,994,401.30 3,580,245,677.51 3,600,248,819.70 3,770,249,527.57  
  Total Assets (current year) 3,691,699,573.88 3,916,708,764.38 3,949,685,283.36 4,260,565,639.49  
  (2) Return on Equity (ROE) 11.81 11.54 10.05 7.89  
  Annualized Net Profit or Loss  47,577,783.09 43,930,362.45 39,988,324.29 32,540,643.92  
  Average Capital 402,825,393.63 380,654,071.71 397,878,901.45 412,546,987.80  
  Total Capital (last year) 388,050,946.75 375,540,937.41 394,663,208.08 417,665,979.44  
  Total Capital (current year) 417,599,840.51 385,767,206.00 401,094,594.83 407,427,996.15  
  (3) Earning Asset Yield 6.87 6.65 6.77 6.71  
  Annualized Interest Income 201,171,141.34 203,153,076.70 208,143,246.11 217,274,768.28  
  Average Earning Assets 2,926,977,439.00 3,054,215,460.83 3,073,206,901.83 3,238,263,003.27  
  Earning Assets (last year) 2,700,249,275.81 2,711,876,266.90 2,707,156,833.38 2,813,071,575.26  
  Earning Assets (current year) 3,153,705,602.18 3,396,554,654.76 3,439,256,970.27 3,663,454,431.28  
  (4) Funding Cost 3.00 2.87 2.94 2.82  
  Annualized Interest Expense 91,046,244.78 90,513,544.08 92,864,365.29 94,518,984.68  
  Average Interest Bearing Liabilities 3,031,591,604.03 3,154,001,351.76 3,153,817,918.66 3,348,845,665.61  
  Interest Bearing Liabilities (last year) 2,996,982,463.03 2,998,692,399.58 2,973,139,586.65 3,100,293,094.50  
  Interest Bearing Liabilities (current year) 3,066,200,745.03 3,309,310,303.94 3,334,496,250.68 3,597,398,236.72  
  (5) Interest Spread 3.87 3.78 3.83 3.89  
  (3) Earning Asset Yield 6.87 6.65 6.77 6.71  
  (4) Funding Cost 3.00 2.87 2.94 2.82  
  (6) Net Interest Margin 3.76 3.69 3.75 3.79  
  Annualized Net Interest Income 110,124,896.56 112,639,530.73 115,278,880.82 122,575,050.38  
  Average Earning Assets 2,926,977,439.00 3,054,215,460.83 3,073,206,901.83 3,238,263,003.27  
  (7) Cost to Income Ratio 65.99 69.07 72.25 73.23  
  Annualized Non-Interest Expenses 126,381,662.54 130,266,032.00 135,684,402.02 134,181,548.46  
  Annualized Total Operating Income 191,513,860.01 188,602,644.27 187,790,955.17 183,220,581.53  
  (8) Net Interest Income to Total Operating Income 57.50 59.72 61.39 66.90  
  Annualized Net Interest Income  110,124,896.56 112,639,530.73 115,278,880.82 122,575,050.38  
  Annualized Total Operating Income 191,513,860.01 188,602,644.27 187,790,955.17 183,220,581.53  
  (9) Non-interest Income to Total Operating Income 42.50 40.28 38.61 33.10  
  Annualized Non-Interest Income 81,388,963.45 75,963,113.53 72,512,074.35 60,645,531.15  
  Annualized Total Operating Income 191,513,860.01 188,602,644.27 187,790,955.17 183,220,581.53  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 12.96 13.28 13.17 13.59  
  Capital Adequacy Ratio - Conso 14.75 14.79 14.65 14.78  
  Total Capital Accounts to Total Assets 11.37 11.03 10.64 9.91 10.46 10.46 10.21 9.51 9.43 9.62