43 Selected Performance Indicators                      
                         
                         
  Thrift 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 8.17 8.87 8.91 8.17 9.14 8.32 8.23 8.07 8.06 8.59  
  Past Due Loans 24,349,476.49 27,726,380.95 28,591,575.53 24,283,439.30 27,493,021.40 25,088,380.66 24,635,527.60 23,703,015.89 24,568,607.32 25,630,356.98  
  Total Loan Portfolio (TLP), gross  298,054,743.06 312,675,290.28 320,920,599.68 297,158,439.74 300,948,219.33 301,523,960.42 299,207,754.75 293,606,582.46 304,847,738.19 298,214,375.51  
  RL to TLP 1.50 1.48 1.46 1.57 1.49 1.52 1.52 1.52 1.38 1.40  
  Restructured Loans (RL), gross 4,466,544.17 4,614,198.38 4,670,855.48 4,666,912.31 4,482,841.90 4,593,781.09 4,558,247.20 4,463,179.07 4,222,116.50 4,189,883.02  
  TLP, gross  298,054,743.06 312,675,290.28 320,920,599.68 297,158,439.74 300,948,219.33 301,523,960.42 299,207,754.75 293,606,582.46 304,847,738.19 298,214,375.51  
  Loan Loss Reserves (LLR) to TLP 3.12 2.79 2.73 2.95 2.97 3.09 3.25 3.41 3.33 3.42  
  Allowance for Credit Losses (ACL) - TLP 9,210,562.05 8,628,562.57 8,679,099.92 8,669,227.21 8,846,787.26 9,212,909.34 9,626,009.67 9,914,599.41 10,053,603.62 10,103,943.09  
  TLP, gross  295,539,666.89 309,577,109.56 317,822,458.86 293,842,876.53 297,643,671.56 298,152,632.48 296,033,159.79 290,778,528.10 302,087,273.59 295,453,923.11  
  NPL Ratio 6.55 6.11 6.02 6.30 6.12 6.42 6.38 6.33 6.42 6.93  
  Non-Performing Loans (NPL) 19,352,841.61 18,901,300.99 19,128,906.64 18,506,722.54 18,201,446.02 19,128,324.65 18,886,022.47 18,393,527.06 19,386,548.32 20,462,223.25  
  TLP, gross  295,539,666.89 309,577,109.56 317,822,458.86 293,842,876.53 297,643,671.56 298,152,632.48 296,033,159.79 290,778,528.10 302,087,273.59 295,453,923.11  
  NPL Ratio, net of IBL 7.51 7.23 7.21 6.79 6.66 6.85 6.68 6.77 6.77 7.35  
  NPL 19,352,841.61 18,901,300.99 19,128,906.64 18,506,722.54 18,201,446.02 19,128,324.65 18,886,022.47 18,393,527.06 19,386,548.32 20,462,223.25  
  TLP, gross net of IBL 257,574,892.93 261,503,627.15 265,137,850.06 272,520,464.02 273,230,042.99 279,303,751.73 282,781,705.43 271,640,433.31 286,168,592.20 278,258,867.82  
  NPL Coverage Ratio 47.59 45.65 45.37 46.84 48.60 48.16 50.97 53.90 51.86 49.38  
  ACL - TLP 9,210,562.05 8,628,562.57 8,679,099.92 8,669,227.21 8,846,787.26 9,212,909.34 9,626,009.67 9,914,599.41 10,053,603.62 10,103,943.09  
  Gross NPL 19,352,841.61 18,901,300.99 19,128,906.64 18,506,722.54 18,201,446.02 19,128,324.65 18,886,022.47 18,393,527.06 19,386,548.32 20,462,223.25  
  NPA to Gross Assets  9.57 9.10 9.02 9.20 9.19 9.46 9.40 9.34 9.39 9.49  
  Non-Performing Assets (NPA) 47,536,980.19 45,964,834.26 46,137,084.71 45,531,308.60 45,483,371.50 46,856,538.37 46,564,855.85 45,412,498.23 46,139,987.77 46,935,347.11  
  (1) Gross NPL 19,352,841.61 18,901,300.99 19,128,906.64 18,506,722.54 18,201,446.02 19,128,324.65 18,886,022.47 18,393,527.06 19,386,548.32 20,462,223.25  
  (2) ROPA, gross 28,184,138.57 27,063,533.26 27,008,178.07 27,024,586.06 27,281,925.48 27,728,213.71 27,678,833.38 27,018,971.18 26,753,439.44 26,473,123.87  
  Gross Assets 496,659,877.25 505,114,011.14 511,769,091.35 494,708,725.16 495,178,361.59 495,465,011.72 495,208,500.89 486,205,682.19 491,606,478.77 494,341,674.81  
  (1) Total Assets 484,610,663.35 493,564,498.80 500,123,958.51 483,110,718.12 483,288,761.03 483,132,778.63 482,368,396.14 473,373,312.06 478,730,421.86 481,764,747.61  
  (2) Allowance on NPA 12,049,213.90 11,549,512.35 11,645,132.84 11,598,007.03 11,889,600.55 12,332,233.09 12,840,104.75 12,832,370.13 12,876,056.91 12,576,927.20  
  NPA Coverage Ratio 25.35 25.13 25.24 25.47 26.14 26.32 27.57 28.26 27.91 26.80  
  Allowance on NPA 12,049,213.90 11,549,512.35 11,645,132.84 11,598,007.03 11,889,600.55 12,332,233.09 12,840,104.75 12,832,370.13 12,876,056.91 12,576,927.20  
  NPA 47,536,980.19 45,964,834.26 46,137,084.71 45,531,308.60 45,483,371.50 46,856,538.37 46,564,855.85 45,412,498.23 46,139,987.77 46,935,347.11  
  Distressed Assets Ratio 15.20 14.04 13.79 14.68 14.47 14.83 14.84 14.80 14.45 14.98  
  Distressed Assets 49,731,719.66 47,877,032.08 48,155,892.09 47,758,585.42 47,672,783.39 48,947,794.52 48,672,054.31 47,606,024.67 48,090,318.09 48,858,098.37  
  NPA 47,536,980.19 45,964,834.26 46,137,084.71 45,531,308.60 45,483,371.50 46,856,538.37 46,564,855.85 45,412,498.23 46,139,987.77 46,935,347.11  
  RL, Performing 2,194,739.47 1,912,197.83 2,018,807.39 2,227,276.82 2,189,411.89 2,091,256.15 2,107,198.47 2,193,526.44 1,950,330.32 1,922,751.25  
  TLP, gross  295,539,666.89 309,577,109.56 317,822,458.86 293,842,876.53 297,643,671.56 298,152,632.48 296,033,159.79 290,778,528.10 302,087,273.59 295,453,923.11  
  Total ROPA 31,564,436.04 31,338,298.74 31,497,862.71 31,420,118.20 31,705,965.40 31,826,070.18 31,841,700.55 30,985,992.68 30,801,231.00 30,757,822.06  
  (1) ROPA, gross 28,184,138.57 27,063,533.26 27,008,178.07 27,024,586.06 27,281,925.48 27,728,213.71 27,678,833.38 27,018,971.18 26,753,439.44 26,473,123.87  
  (2) Performing SCR 3,380,297.47 4,274,765.47 4,489,684.64 4,395,532.14 4,424,039.93 4,097,856.47 4,162,867.17 3,967,021.50 4,047,791.56 4,284,698.19  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 17.54 15.24 14.29 15.01 14.30 14.00 14.26 13.09 10.31 12.19  
  Cash and Due from Banks   63,915,612.33 56,069,791.89 53,419,627.14 58,377,679.34 54,593,913.98 54,080,580.79 54,997,301.46 50,048,821.43 40,028,440.84 46,899,327.26  
  Deposits 364,354,402.64 367,965,906.96 373,831,180.80 389,048,240.03 381,838,481.81 386,357,364.60 385,657,243.53 382,432,108.03 388,132,978.52 384,847,012.18  
  (2) Liquid Assets to Deposits Ratio 35.51 33.53 32.60 33.10 32.92 32.35 32.96 32.52 30.48 33.09  
  Liquid Assets, sum of: 129,365,268.19 123,371,929.02 121,872,008.20 128,785,426.83 125,709,459.02 124,967,758.19 127,103,507.16 124,367,365.04 118,304,143.63 127,332,498.71  
  (1) Cash and Due from Banks 63,915,612.33 56,069,791.89 53,419,627.14 58,377,679.34 54,593,913.98 54,080,580.79 54,997,301.46 50,048,821.43 40,028,440.84 46,899,327.26  
  (2) Financial Assets, net (excl. equity investments) 65,449,655.87 67,302,137.13 68,452,381.06 70,407,747.49 71,115,545.04 70,887,177.40 72,106,205.69 74,318,543.61 78,275,702.78 80,433,171.45  
  Deposits 364,354,402.64 367,965,906.96 373,831,180.80 389,048,240.03 381,838,481.81 386,357,364.60 385,657,243.53 382,432,108.03 388,132,978.52 384,847,012.18  
  (3) Loans (gross) to Deposits 81.80 84.97 85.85 76.38 78.82 78.04 77.58 76.77 78.54 77.49  
  Loans (gross) 298,054,743.06 312,675,290.28 320,920,599.68 297,158,439.74 300,948,219.33 301,523,960.42 299,207,754.75 293,606,582.46 304,847,738.19 298,214,375.51  
  Deposits 364,354,402.64 367,965,906.96 373,831,180.80 389,048,240.03 381,838,481.81 386,357,364.60 385,657,243.53 382,432,108.03 388,132,978.52 384,847,012.18  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) (0.03) (0.14) 0.04 0.19  
  Annualized Net Profit or Loss  (158,220.92) (647,984.54) 190,891.61 907,664.52  
  Average Assets 476,621,167.56 474,091,783.37 480,145,998.16 483,679,308.17  
  Total Assets (last year) 468,631,671.77 465,072,848.61 477,923,600.18 485,593,868.73  
  Total Assets (current year) 484,610,663.35 483,110,718.12 482,368,396.14 481,764,747.61  
  (2) Return on Equity (ROE) (0.28) (1.16) 0.34 1.66  
  Annualized Net Profit or Loss  (158,220.92) (647,984.54) 190,891.61 907,664.52  
  Average Capital 57,400,885.67 55,785,876.34 56,758,043.09 54,809,684.18  
  Total Capital (last year) 55,228,593.60 54,470,882.57 55,047,033.61 56,164,832.39  
  Total Capital (current year) 59,573,177.75 57,100,870.12 58,469,052.57 53,454,535.98  
  (3) Earning Asset Yield 9.57 9.68 9.44 9.20  
  Annualized Interest Income 37,923,840.03 38,162,645.05 38,136,911.90 37,335,044.18  
  Average Earning Assets 396,265,411.77 394,153,991.84 404,045,636.05 405,847,951.07  
  Earning Assets (last year) 372,525,433.88 367,550,958.86 387,313,987.70 394,704,900.59  
  Earning Assets (current year) 420,005,389.67 420,757,024.82 420,777,284.40 416,991,001.55  
  (4) Funding Cost 4.48 4.57 4.51 4.33  
  Annualized Interest Expense 17,821,217.40 18,116,832.75 18,105,062.59 17,597,258.41  
  Average Interest Bearing Liabilities 397,882,754.09 396,464,030.36 401,806,221.85 406,701,999.76  
  Interest Bearing Liabilities (last year) 391,141,360.98 388,096,331.80 401,046,532.28 406,175,222.71  
  Interest Bearing Liabilities (current year) 404,624,147.20 404,831,728.92 402,565,911.43 407,228,776.82  
  (5) Interest Spread 5.09 5.11 4.93 4.87  
  (3) Earning Asset Yield 9.57 9.68 9.44 9.20  
  (4) Funding Cost 4.48 4.57 4.51 4.33  
  (6) Net Interest Margin 5.07 5.09 4.96 4.86  
  Annualized Net Interest Income 20,102,463.64 20,045,653.32 20,031,690.33 19,737,614.04  
  Average Earning Assets 396,265,411.77 394,153,991.84 404,045,636.05 405,847,951.07  
  (7) Cost to Income Ratio 91.37 93.32 91.56 86.53  
  Annualized Non-Interest Expenses 24,450,708.84 24,625,768.93 24,345,633.66 23,629,725.22  
  Annualized Total Operating Income 26,760,386.54 26,388,950.53 26,588,483.76 27,308,306.52  
  (8) Net Interest Income to Total Operating Income 75.12 75.96 75.34 72.28  
  Annualized Net Interest Income  20,102,463.64 20,045,653.32 20,031,690.33 19,737,614.04  
  Annualized Total Operating Income 26,760,386.54 26,388,950.53 26,588,483.76 27,308,306.52  
  (9) Non-interest Income to Total Operating Income 24.88 24.04 24.66 27.72  
  Annualized Non-Interest Income 6,657,922.89 6,343,297.21 6,556,793.44 7,570,692.48  
  Annualized Total Operating Income 26,760,386.54 26,388,950.53 26,588,483.76 27,308,306.52  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 15.16 14.50 14.59 12.80  
  Capital Adequacy Ratio - Conso 0.00 0.00 0.00 0.00  
  Total Capital Accounts to Total Assets 12.30 11.98 11.58 11.83 11.81 12.13 12.13 10.86 10.76 11.10