16 Selected Performance Indicators                          
                             
                             
  Universal and Commercial Bank Group                          
  as of end of periods indicated                          
  amounts in thousand Pesos, ratios in percent (%)                          
                             
   
  Selected Accounts Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 5.29 4.96 4.72 4.98 5.02 4.60 4.80 4.79 4.65 4.63 4.38 4.08  
  Past Due Loans 126,884,578.58 120,366,713.40 118,253,753.06 119,501,884.64 122,607,195.79 116,787,893.71 115,154,175.83 115,910,188.52 117,517,456.98 118,421,078.69 115,500,081.44 112,018,384.18  
  Total Loan Portfolio (TLP), gross  2,398,739,509.24 2,428,694,941.33 2,505,932,107.09 2,397,519,725.15 2,442,195,755.45 2,541,076,704.60 2,399,514,444.46 2,420,947,186.48 2,529,229,956.12 2,557,253,500.81 2,636,744,815.51 2,745,986,243.16  
  RL to TLP 2.29 2.21 2.03 2.08 2.03 1.82 2.00 1.93 1.84 1.91 1.72 1.65  
  Restructured Loans (RL), gross 54,879,836.54 53,607,754.21 50,752,657.16 49,971,272.84 49,514,191.05 46,157,244.04 47,930,365.14 46,800,413.48 46,493,095.23 48,824,546.22 45,394,435.10 45,433,775.22  
  TLP, gross  2,398,739,509.24 2,428,694,941.33 2,505,932,107.09 2,397,519,725.15 2,442,195,755.45 2,541,076,704.60 2,399,514,444.46 2,420,947,186.48 2,529,229,956.12 2,557,253,500.81 2,636,744,815.51 2,745,986,243.16  
  Loan Loss Reserves (LLR) to TLP 3.70 3.59 3.54 3.62 3.55 3.44 3.66 3.68 3.62 3.58 3.58 3.34  
  Allowance for Credit Losses (ACL) - TLP 87,948,202.01 86,435,027.86 87,956,007.14 86,108,139.33 85,818,686.50 86,597,406.05 87,013,063.25 88,297,558.23 90,592,090.83 90,764,639.51 93,489,265.32 90,897,784.78  
  TLP, gross  2,379,452,313.91 2,408,354,442.25 2,486,524,908.90 2,375,631,904.94 2,419,277,838.50 2,518,337,382.88 2,376,211,702.11 2,397,771,845.83 2,505,856,192.75 2,534,025,224.94 2,614,593,735.03 2,724,869,682.73  
  NPL Ratio 3.82 3.73 3.56 3.64 3.69 3.36 3.49 3.50 3.25 3.37 3.26 2.97  
  Non-Performing Loans (NPL) 90,836,292.60 89,762,113.61 88,577,042.60 86,409,916.38 89,247,780.57 84,622,271.94 82,883,206.24 83,844,171.88 81,415,616.18 85,329,059.98 85,167,944.44 80,912,157.99  
  TLP, gross  2,379,452,313.91 2,408,354,442.25 2,486,524,908.90 2,375,631,904.94 2,419,277,838.50 2,518,337,382.88 2,376,211,702.11 2,397,771,845.83 2,505,856,192.75 2,534,025,224.94 2,614,593,735.03 2,724,869,682.73  
  NPL Ratio, net of IBL 4.35 4.19 3.98 4.09 4.20 3.79 3.99 3.99 3.74 3.89 3.74 3.40  
  NPL 90,836,292.60 89,762,113.61 88,577,042.60 86,409,916.38 89,247,780.57 84,622,271.94 82,883,206.24 83,844,171.88 81,415,616.18 85,329,059.98 85,167,944.44 80,912,157.99  
  TLP, gross net of IBL 2,090,506,837.03 2,144,492,917.37 2,225,521,665.60 2,113,218,481.53 2,123,906,189.32 2,231,715,479.10 2,076,454,413.61 2,100,741,031.15 2,177,668,305.45 2,191,386,173.68 2,275,137,464.50 2,380,486,970.03  
  NPL Coverage Ratio 96.82 96.29 99.30 99.65 96.16 102.33 104.98 105.31 111.27 106.37 109.77 112.34  
  ACL - TLP 87,948,202.01 86,435,027.86 87,956,007.14 86,108,139.33 85,818,686.50 86,597,406.05 87,013,063.25 88,297,558.23 90,592,090.83 90,764,639.51 93,489,265.32 90,897,784.78  
  Gross NPL 90,836,292.60 89,762,113.61 88,577,042.60 86,409,916.38 89,247,780.57 84,622,271.94 82,883,206.24 83,844,171.88 81,415,616.18 85,329,059.98 85,167,944.44 80,912,157.99  
  NPA to Gross Assets  4.62 4.58 4.53 4.55 4.50 4.33 4.35 4.29 4.14 4.16 4.04 3.86  
  Non-Performing Assets (NPA) 233,473,853.56 231,704,295.94 231,506,148.40 229,367,538.05 231,129,059.35 225,465,223.86 222,629,193.30 222,143,013.76 219,801,596.05 222,485,415.87 221,247,398.62 216,322,143.96  
  (1) Gross NPL 90,836,292.60 89,762,113.61 88,577,042.60 86,409,916.38 89,247,780.57 84,622,271.94 82,883,206.24 83,844,171.88 81,415,616.18 85,329,059.98 85,167,944.44 80,912,157.99  
  (2) ROPA, gross 142,637,560.96 141,942,182.33 142,929,105.80 142,957,621.67 141,881,278.78 140,842,951.92 139,745,987.07 138,298,841.88 138,385,979.87 137,156,355.89 136,079,454.17 135,409,985.97  
  Gross Assets 5,055,153,003.31 5,064,212,703.37 5,105,195,248.27 5,038,269,957.83 5,134,163,366.08 5,202,861,858.26 5,121,840,567.05 5,180,508,562.33 5,311,702,029.95 5,347,696,209.73 5,472,860,686.64 5,602,264,145.05  
  (1) Total Assets 4,939,655,140.91 4,950,383,321.55 4,990,227,212.24 4,925,131,131.24 5,020,735,571.76 5,088,807,515.98 5,007,150,684.55 5,064,977,691.63 5,194,148,042.18 5,229,695,389.62 5,351,767,014.90 5,483,541,429.59  
  (2) Allowance on NPA 115,497,862.40 113,829,381.82 114,968,036.03 113,138,826.59 113,427,794.32 114,054,342.28 114,689,882.49 115,530,870.70 117,553,987.77 118,000,820.12 121,093,671.74 118,722,715.47  
  NPA Coverage Ratio 49.47 49.13 49.66 49.33 49.08 50.59 51.52 52.01 53.48 53.04 54.73 54.88  
  Allowance on NPA 115,497,862.40 113,829,381.82 114,968,036.03 113,138,826.59 113,427,794.32 114,054,342.28 114,689,882.49 115,530,870.70 117,553,987.77 118,000,820.12 121,093,671.74 118,722,715.47  
  NPA 233,473,853.56 231,704,295.94 231,506,148.40 229,367,538.05 231,129,059.35 225,465,223.86 222,629,193.30 222,143,013.76 219,801,596.05 222,485,415.87 221,247,398.62 216,322,143.96  
  Distressed Assets Ratio 10.36 10.20 9.78 10.10 9.89 9.33 9.80 9.67 9.20 9.29 8.86 8.33  
  Distressed Assets 262,516,513.13 261,386,443.91 258,212,903.27 255,648,188.74 254,362,929.90 249,314,109.52 247,839,083.58 246,431,767.18 244,408,008.48 249,223,451.49 244,779,384.33 239,228,647.82  
  NPA 233,473,853.56 231,704,295.94 231,506,148.40 229,367,538.05 231,129,059.35 225,465,223.86 222,629,193.30 222,143,013.76 219,801,596.05 222,485,415.87 221,247,398.62 216,322,143.96  
  RL, Performing 29,042,659.57 29,682,147.98 26,706,754.87 26,280,650.70 23,233,870.55 23,848,885.66 25,209,890.28 24,288,753.41 24,606,412.43 26,738,035.62 23,531,985.71 22,906,503.86  
  TLP, gross  2,379,452,313.91 2,408,354,442.25 2,486,524,908.90 2,375,631,904.94 2,419,277,838.50 2,518,337,382.88 2,376,211,702.11 2,397,771,845.83 2,505,856,192.75 2,534,025,224.94 2,614,593,735.03 2,724,869,682.73  
  Total ROPA 154,770,453.69 154,473,595.05 154,656,371.64 154,621,164.46 153,389,449.61 152,624,987.77 151,576,119.41 150,425,207.01 150,410,504.59 149,702,719.96 148,197,135.08 146,059,839.00  
  (1) ROPA, gross 142,637,560.96 141,942,182.33 142,929,105.80 142,957,621.67 141,881,278.78 140,842,951.92 139,745,987.07 138,298,841.88 138,385,979.87 137,156,355.89 136,079,454.17 135,409,985.97  
  (2) Performing SCR 12,132,892.73 12,531,412.72 11,727,265.84 11,663,542.79 11,508,170.84 11,782,035.85 11,830,132.34 12,126,365.13 12,024,524.72 12,546,364.07 12,117,680.91 10,649,853.03  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 21.30 19.75 18.71 19.02 19.57 18.33 19.76 19.87 18.35 18.68 19.13 18.95  
  Cash and Due from Banks   777,009,394.34 720,491,178.03 695,988,514.50 697,055,154.44 736,022,930.55 694,761,291.47 738,157,055.25 749,966,397.48 711,054,862.87 729,210,157.82 766,292,537.59 781,914,382.40  
  Deposits 3,648,642,112.22 3,647,264,335.13 3,719,023,724.01 3,664,121,973.34 3,760,334,920.62 3,789,287,014.27 3,735,137,952.27 3,773,644,979.71 3,875,259,996.72 3,904,438,100.45 4,005,589,675.36 4,126,322,249.05  
  (2) Liquid Assets to Deposits Ratio 56.74 56.41 54.06 56.00 56.16 54.85 57.50 58.00 56.56 56.89 56.31 54.89  
  Liquid Assets, sum of: 2,070,109,187.92 2,057,543,608.82 2,010,437,610.83 2,051,828,046.64 2,111,629,009.73 2,078,529,453.26 2,147,720,403.65 2,188,824,442.47 2,192,019,703.44 2,221,370,142.39 2,255,631,680.55 2,265,138,294.49  
  (1) Cash and Due from Banks 777,009,394.34 720,491,178.03 695,988,514.50 697,055,154.44 736,022,930.55 694,761,291.47 738,157,055.25 749,966,397.48 711,054,862.87 729,210,157.82 766,292,537.59 781,914,382.40  
  (2) Financial Assets, net (excl. equity investments) 1,293,099,793.57 1,337,052,430.79 1,314,449,096.34 1,354,772,892.20 1,375,606,079.18 1,383,768,161.79 1,409,563,348.40 1,438,858,044.99 1,480,964,840.57 1,492,159,984.57 1,489,339,142.96 1,483,223,912.09  
  Deposits 3,648,642,112.22 3,647,264,335.13 3,719,023,724.01 3,664,121,973.34 3,760,334,920.62 3,789,287,014.27 3,735,137,952.27 3,773,644,979.71 3,875,259,996.72 3,904,438,100.45 4,005,589,675.36 4,126,322,249.05  
  (3) Loans (gross) to Deposits 65.74 66.59 67.38 65.43 64.95 67.06 64.24 64.15 65.27 65.50 65.83 66.55  
  Loans (gross) 2,398,739,509.24 2,428,694,941.33 2,505,932,107.09 2,397,519,725.15 2,442,195,755.45 2,541,076,704.60 2,399,514,444.46 2,420,947,186.48 2,529,229,956.12 2,557,253,500.81 2,636,744,815.51 2,745,986,243.16  
  Deposits 3,648,642,112.22 3,647,264,335.13 3,719,023,724.01 3,664,121,973.34 3,760,334,920.62 3,789,287,014.27 3,735,137,952.27 3,773,644,979.71 3,875,259,996.72 3,904,438,100.45 4,005,589,675.36 4,126,322,249.05  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 0.81 0.93 1.10 1.21  
  Annualized Net Profit or Loss  38,279,123.61 45,421,134.08 54,550,958.19 63,723,165.58  
  Average Assets 4,713,498,764.03 4,878,051,461.97 4,958,339,936.74 5,259,247,665.97  
  Total Assets (last year) 4,436,770,315.82 4,667,295,407.97 4,722,531,831.29 5,034,953,902.34  
  Total Assets (current year) 4,990,227,212.24 5,088,807,515.98 5,194,148,042.18 5,483,541,429.59  
  (2) Return on Equity (ROE) 7.24 8.63 9.97 11.38  
  Annualized Net Profit or Loss  38,279,123.61 45,421,134.08 54,550,958.19 63,723,165.58  
  Average Capital 528,562,051.85 526,224,024.39 546,879,869.55 560,046,367.92  
  Total Capital (last year) 519,855,784.85 487,986,206.24 513,740,580.50 520,973,899.59  
  Total Capital (current year) 537,268,318.84 564,461,842.53 580,019,158.60 599,118,836.25  
  (3) Earning Asset Yield 6.77 6.65 6.54 6.02  
  Annualized Interest Income 278,142,111.06 284,152,333.96 284,180,579.98 275,666,945.35  
  Average Earning Assets 4,106,616,227.24 4,274,975,681.40 4,346,459,478.49 4,579,619,143.78  
  Earning Assets (last year) 3,825,533,642.57 4,074,569,721.48 4,139,425,820.63 4,359,526,757.89  
  Earning Assets (current year) 4,387,698,811.91 4,475,381,641.33 4,553,493,136.35 4,799,711,529.66  
  (4) Funding Cost 2.99 2.82 2.68 2.34  
  Annualized Interest Expense 116,831,839.82 114,390,869.10 110,904,119.29 102,531,992.97  
  Average Interest Bearing Liabilities 3,901,243,504.78 4,058,974,563.83 4,131,691,716.49 4,376,788,206.82  
  Interest Bearing Liabilities (last year) 3,649,489,250.18 3,887,362,739.30 3,924,017,875.84 4,182,800,190.02  
  Interest Bearing Liabilities (current year) 4,152,997,759.38 4,230,586,388.35 4,339,365,557.14 4,570,776,223.63  
  (5) Interest Spread 3.78 3.83 3.85 3.68  
  (3) Earning Asset Yield 6.77 6.65 6.54 6.02  
  (4) Funding Cost 2.99 2.82 2.68 2.34  
  (6) Net Interest Margin 3.92 3.97 3.98 3.77  
  Annualized Net Interest Income 161,086,224.12 169,522,505.03 173,069,027.48 172,879,631.34  
  Average Earning Assets 4,106,616,227.24 4,274,975,681.40 4,346,459,478.49 4,579,619,143.78  
  (7) Cost to Income Ratio 71.32 69.28 64.94 63.86  
  Annualized Non-Interest Expenses 166,587,158.30 170,378,794.64 168,648,834.31 170,433,086.30  
  Annualized Total Operating Income 233,568,967.32 245,943,032.49 259,683,227.13 266,878,242.23  
  (8) Net Interest Income to Total Operating Income 68.97 68.93 66.65 64.78  
  Annualized Net Interest Income  161,086,224.12 169,522,505.03 173,069,027.48 172,879,631.34  
  Annualized Total Operating Income 233,568,967.32 245,943,032.49 259,683,227.13 266,878,242.23  
  (9) Non-interest Income to Total Operating Income 31.03 31.07 33.35 35.22  
  Annualized Non-Interest Income 72,482,743.21 76,420,527.46 86,614,199.66 93,998,610.89  
  Annualized Total Operating Income 233,568,967.32 245,943,032.49 259,683,227.13 266,878,242.23  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 14.65 14.98 14.94 14.99  
  Capital Adequacy Ratio - Conso 15.48 15.88 15.98 16.01  
  Total Capital Accounts to Total Assets 10.67 10.75 10.81 11.23 11.20 11.14 11.62 11.46 11.21 11.17 11.04 10.93