25 Selected Performance Indicators                          
                             
                             
  Universal 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 5.37 5.00 4.67 4.95 5.01 4.51 4.74 4.72 4.57 4.56 4.31 3.94  
  Past Due Loans 106,829,864.54 100,414,438.49 98,425,264.79 99,578,030.27 102,546,848.18 96,512,634.55 95,854,203.10 96,494,256.68 97,665,851.50 97,559,378.50 95,407,702.85 91,503,138.17  
  Total Loan Portfolio (TLP), gross  1,989,558,951.52 2,007,747,331.89 2,106,775,547.67 2,010,090,992.36 2,045,701,508.18 2,138,717,289.59 2,022,783,474.97 2,045,601,655.18 2,135,646,614.78 2,140,575,472.82 2,215,761,964.12 2,321,250,643.29  
  RL to TLP 2.28 2.21 1.97 2.03 1.98 1.73 1.90 1.84 1.74 1.85 1.61 1.56  
  Restructured Loans (RL), gross 45,348,868.97 44,296,081.30 41,513,556.80 40,843,246.62 40,415,842.29 37,001,414.93 38,516,404.61 37,587,153.16 37,219,323.56 39,575,695.86 35,742,992.92 36,325,341.30  
  TLP, gross  1,989,558,951.52 2,007,747,331.89 2,106,775,547.67 2,010,090,992.36 2,045,701,508.18 2,138,717,289.59 2,022,783,474.97 2,045,601,655.18 2,135,646,614.78 2,140,575,472.82 2,215,761,964.12 2,321,250,643.29  
  Loan Loss Reserves (LLR) to TLP 3.77 3.66 3.52 3.65 3.56 3.44 3.66 3.68 3.58 3.60 3.51 3.28  
  Allowance for Credit Losses (ACL) - TLP 74,390,650.71 72,870,781.54 73,619,241.18 72,680,639.49 71,989,243.75 72,807,949.15 73,285,484.94 74,550,004.15 75,713,923.21 76,246,639.70 77,086,693.29 75,557,978.19  
  TLP, gross  1,971,524,359.69 1,988,659,198.02 2,088,620,531.88 1,990,357,080.95 2,024,637,635.80 2,118,053,721.64 2,001,632,229.59 2,024,575,177.41 2,114,420,409.73 2,119,420,004.10 2,194,662,615.95 2,302,026,353.35  
  NPL Ratio 3.87 3.76 3.54 3.65 3.70 3.34 3.47 3.44 3.19 3.32 3.18 2.91  
  Non-Performing Loans (NPL) 76,287,373.62 74,772,970.04 73,994,153.49 72,739,394.86 74,891,240.73 70,822,797.88 69,391,294.63 69,719,014.80 67,507,976.03 70,453,476.31 69,737,991.02 67,029,400.80  
  TLP, gross  1,971,524,359.69 1,988,659,198.02 2,088,620,531.88 1,990,357,080.95 2,024,637,635.80 2,118,053,721.64 2,001,632,229.59 2,024,575,177.41 2,114,420,409.73 2,119,420,004.10 2,194,662,615.95 2,302,026,353.35  
  NPL Ratio, net of IBL 4.28 4.12 3.89 4.02 4.11 3.72 3.90 3.88 3.64 3.80 3.62 3.30  
  NPL 76,287,373.62 74,772,970.04 73,994,153.49 72,739,394.86 74,891,240.73 70,822,797.88 69,391,294.63 69,719,014.80 67,507,976.03 70,453,476.31 69,737,991.02 67,029,400.80  
  TLP, gross net of IBL 1,782,397,250.09 1,813,233,225.93 1,902,680,777.32 1,809,513,497.63 1,823,105,544.02 1,903,915,872.56 1,779,275,425.37 1,798,446,886.52 1,855,621,252.54 1,855,624,483.77 1,928,974,062.51 2,031,654,134.10  
  NPL Coverage Ratio 97.51 97.46 99.49 99.92 96.13 102.80 105.61 106.93 112.16 108.22 110.54 112.72  
  ACL - TLP 74,390,650.71 72,870,781.54 73,619,241.18 72,680,639.49 71,989,243.75 72,807,949.15 73,285,484.94 74,550,004.15 75,713,923.21 76,246,639.70 77,086,693.29 75,557,978.19  
  Gross NPL 76,287,373.62 74,772,970.04 73,994,153.49 72,739,394.86 74,891,240.73 70,822,797.88 69,391,294.63 69,719,014.80 67,507,976.03 70,453,476.31 69,737,991.02 67,029,400.80  
  NPA to Gross Assets  4.88 4.83 4.75 4.79 4.73 4.53 4.56 4.48 4.32 4.35 4.20 4.02  
  Non-Performing Assets (NPA) 208,171,337.87 205,873,724.42 205,756,474.80 204,647,495.18 205,841,020.28 200,741,152.94 198,220,393.35 197,275,768.14 195,124,813.11 196,860,398.20 195,071,141.10 191,864,826.61  
  (1) Gross NPL 76,287,373.62 74,772,970.04 73,994,153.49 72,739,394.86 74,891,240.73 70,822,797.88 69,391,294.63 69,719,014.80 67,507,976.03 70,453,476.31 69,737,991.02 67,029,400.80  
  (2) ROPA, gross 131,883,964.25 131,100,754.37 131,762,321.30 131,908,100.32 130,949,779.55 129,918,355.07 128,829,098.72 127,556,753.34 127,616,837.08 126,406,921.89 125,333,150.08 124,835,425.81  
  Gross Assets 4,265,875,590.86 4,259,768,437.27 4,333,387,246.70 4,270,877,856.47 4,351,220,470.51 4,429,529,163.25 4,343,483,475.81 4,398,838,521.17 4,519,002,610.25 4,526,912,742.83 4,642,049,631.45 4,774,112,834.40  
  (1) Total Assets 4,165,462,276.67 4,160,984,226.26 4,234,316,449.32 4,172,749,710.31 4,253,215,254.45 4,330,873,926.20 4,244,136,486.81 4,298,632,997.88 4,417,911,730.63 4,425,105,722.94 4,539,021,658.29 4,672,436,655.03  
  (2) Allowance on NPA 100,413,314.19 98,784,211.01 99,070,797.38 98,128,146.16 98,005,216.06 98,655,237.04 99,346,989.00 100,205,523.29 101,090,879.62 101,807,019.89 103,027,973.15 101,676,179.37  
  NPA Coverage Ratio 48.24 47.98 48.15 47.95 47.61 49.15 50.12 50.79 51.81 51.72 52.82 52.99  
  Allowance on NPA 100,413,314.19 98,784,211.01 99,070,797.38 98,128,146.16 98,005,216.06 98,655,237.04 99,346,989.00 100,205,523.29 101,090,879.62 101,807,019.89 103,027,973.15 101,676,179.37  
  NPA 208,171,337.87 205,873,724.42 205,756,474.80 204,647,495.18 205,841,020.28 200,741,152.94 198,220,393.35 197,275,768.14 195,124,813.11 196,860,398.20 195,071,141.10 191,864,826.61  
  Distressed Assets Ratio 10.93 10.79 10.17 10.57 10.32 9.70 10.18 10.00 9.50 9.65 9.14 8.65  
  Distressed Assets 230,949,996.99 229,838,399.96 226,822,043.54 225,446,434.27 223,445,478.49 219,091,101.64 217,989,217.61 216,252,999.11 214,028,762.66 217,804,022.27 212,880,563.69 210,552,042.60  
  NPA 208,171,337.87 205,873,724.42 205,756,474.80 204,647,495.18 205,841,020.28 200,741,152.94 198,220,393.35 197,275,768.14 195,124,813.11 196,860,398.20 195,071,141.10 191,864,826.61  
  RL, Performing 22,778,659.12 23,964,675.54 21,065,568.74 20,798,939.09 17,604,458.21 18,349,948.69 19,768,824.26 18,977,230.96 18,903,949.54 20,943,624.07 17,809,422.59 18,687,215.99  
  TLP, gross  1,971,524,359.69 1,988,659,198.02 2,088,620,531.88 1,990,357,080.95 2,024,637,635.80 2,118,053,721.64 2,001,632,229.59 2,024,575,177.41 2,114,420,409.73 2,119,420,004.10 2,194,662,615.95 2,302,026,353.35  
  Total ROPA 142,348,983.39 141,956,547.89 141,780,883.24 141,874,536.93 140,711,546.11 139,954,889.74 138,756,874.26 137,777,080.87 137,749,013.04 137,052,092.40 135,490,111.95 133,398,191.54  
  (1) ROPA, gross 131,883,964.25 131,100,754.37 131,762,321.30 131,908,100.32 130,949,779.55 129,918,355.07 128,829,098.72 127,556,753.34 127,616,837.08 126,406,921.89 125,333,150.08 124,835,425.81  
  (2) Performing SCR 10,465,019.14 10,855,793.52 10,018,561.93 9,966,436.61 9,761,766.56 10,036,534.67 9,927,775.54 10,220,327.53 10,132,175.96 10,645,170.51 10,156,961.87 8,562,765.73  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 21.15 19.57 18.48 18.63 19.28 18.05 19.54 19.60 18.01 17.89 18.44 18.29  
  Cash and Due from Banks   659,610,462.52 608,322,246.28 590,861,286.03 586,418,143.96 621,390,814.78 589,487,172.01 626,114,727.56 633,783,433.85 598,372,160.04 597,023,732.19 633,513,565.50 651,659,125.57  
  Deposits 3,119,285,253.70 3,107,985,950.77 3,197,019,029.09 3,147,649,442.58 3,223,078,514.34 3,265,306,548.11 3,204,536,271.91 3,234,177,801.08 3,321,559,467.19 3,338,043,579.11 3,435,722,545.38 3,563,118,261.37  
  (2) Liquid Assets to Deposits Ratio 56.64 56.27 53.66 55.54 55.88 54.69 56.88 57.40 56.23 56.62 55.98 54.51  
  Liquid Assets, sum of: 1,766,733,593.54 1,748,849,926.61 1,715,572,334.96 1,748,216,333.48 1,801,074,317.48 1,785,731,800.44 1,822,799,848.08 1,856,312,099.30 1,867,781,716.77 1,889,848,108.22 1,923,282,021.03 1,942,145,710.83  
  (1) Cash and Due from Banks 659,610,462.52 608,322,246.28 590,861,286.03 586,418,143.96 621,390,814.78 589,487,172.01 626,114,727.56 633,783,433.85 598,372,160.04 597,023,732.19 633,513,565.50 651,659,125.57  
  (2) Financial Assets, net (excl. equity investments) 1,107,123,131.03 1,140,527,680.34 1,124,711,048.93 1,161,798,189.52 1,179,683,502.70 1,196,244,628.43 1,196,685,120.53 1,222,528,665.45 1,269,409,556.73 1,292,824,376.03 1,289,768,455.53 1,290,486,585.26  
  Deposits 3,119,285,253.70 3,107,985,950.77 3,197,019,029.09 3,147,649,442.58 3,223,078,514.34 3,265,306,548.11 3,204,536,271.91 3,234,177,801.08 3,321,559,467.19 3,338,043,579.11 3,435,722,545.38 3,563,118,261.37  
  (3) Loans (gross) to Deposits 63.78 64.60 65.90 63.86 63.47 65.50 63.12 63.25 64.30 64.13 64.49 65.15  
  Loans (gross) 1,989,558,951.52 2,007,747,331.89 2,106,775,547.67 2,010,090,992.36 2,045,701,508.18 2,138,717,289.59 2,022,783,474.97 2,045,601,655.18 2,135,646,614.78 2,140,575,472.82 2,215,761,964.12 2,321,250,643.29  
  Deposits 3,119,285,253.70 3,107,985,950.77 3,197,019,029.09 3,147,649,442.58 3,223,078,514.34 3,265,306,548.11 3,204,536,271.91 3,234,177,801.08 3,321,559,467.19 3,338,043,579.11 3,435,722,545.38 3,563,118,261.37  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 0.84 0.98 1.16 1.29  
  Annualized Net Profit or Loss  33,428,295.58 40,495,131.65 48,649,997.67 57,749,496.46  
  Average Assets 3,963,008,011.60 4,123,791,345.29 4,183,798,507.00 4,466,501,147.26  
  Total Assets (last year) 3,691,699,573.88 3,916,708,764.38 3,949,685,283.36 4,260,565,639.49  
  Total Assets (current year) 4,234,316,449.32 4,330,873,926.20 4,417,911,730.63 4,672,436,655.03  
  (2) Return on Equity (ROE) 7.82 9.59 11.07 12.81  
  Annualized Net Profit or Loss  33,428,295.58 40,495,131.65 48,649,997.67 57,749,496.46  
  Average Capital 427,371,250.17 422,282,068.50 439,580,933.45 450,672,757.05  
  Total Capital (last year) 417,599,840.51 385,767,206.00 401,094,594.83 407,427,996.15  
  Total Capital (current year) 437,142,659.84 458,796,931.01 478,067,272.07 493,917,517.95  
  (3) Earning Asset Yield 6.66 6.53 6.47 5.97  
  Annualized Interest Income 228,338,123.20 234,647,903.61 235,691,962.95 230,961,280.65  
  Average Earning Assets 3,429,945,107.61 3,594,001,097.98 3,644,387,396.75 3,866,508,235.59  
  Earning Assets (last year) 3,153,705,602.18 3,396,554,654.76 3,439,256,970.27 3,663,454,431.28  
  Earning Assets (current year) 3,706,184,613.04 3,791,447,541.19 3,849,517,823.23 4,069,562,039.91  
  (4) Funding Cost 2.86 2.69 2.58 2.24  
  Annualized Interest Expense 95,143,967.95 93,575,086.06 91,375,718.03 84,422,231.33  
  Average Interest Bearing Liabilities 3,321,297,401.15 3,483,767,210.08 3,536,704,401.44 3,776,943,905.62  
  Interest Bearing Liabilities (last year) 3,066,200,745.03 3,309,310,303.94 3,334,496,250.68 3,597,398,236.72  
  Interest Bearing Liabilities (current year) 3,576,394,057.27 3,658,224,116.22 3,738,912,552.20 3,956,489,574.52  
  (5) Interest Spread 3.79 3.84 3.88 3.74  
  (3) Earning Asset Yield 6.66 6.53 6.47 5.97  
  (4) Funding Cost 2.86 2.69 2.58 2.24  
  (6) Net Interest Margin 3.88 3.92 3.95 3.78  
  Annualized Net Interest Income 132,980,162.16 140,858,554.06 144,133,613.97 146,310,352.43  
  Average Earning Assets 3,429,945,107.61 3,594,001,097.98 3,644,387,396.75 3,866,508,235.59  
  (7) Cost to Income Ratio 71.66 69.14 64.23 63.44  
  Annualized Non-Interest Expenses 137,835,364.71 140,698,923.35 138,067,070.06 141,919,671.29  
  Annualized Total Operating Income 192,352,365.05 203,512,416.81 214,973,027.03 223,722,215.70  
  (8) Net Interest Income to Total Operating Income 69.13 69.21 67.05 65.40  
  Annualized Net Interest Income  132,980,162.16 140,858,554.06 144,133,613.97 146,310,352.43  
  Annualized Total Operating Income 192,352,365.05 203,512,416.81 214,973,027.03 223,722,215.70  
  (9) Non-interest Income to Total Operating Income 30.87 30.79 32.95 34.60  
  Annualized Non-Interest Income 59,372,202.89 62,653,862.75 70,839,413.06 77,411,863.27  
  Annualized Total Operating Income 192,352,365.05 203,512,416.81 214,973,027.03 223,722,215.70  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 13.94 14.34 14.43 14.50  
  Capital Adequacy Ratio - Conso 15.00 15.51 15.72 15.76  
  Total Capital Accounts to Total Assets 9.98 10.07 10.38 10.72 10.79 10.65 11.13 11.07 10.87 10.85 10.74 10.57