43 Selected Performance Indicators                          
                             
                             
  Thrift 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 9.42 9.14 9.21 9.34 9.31 8.89 9.20 9.58 9.66 9.31 9.15 8.44  
  Past Due Loans 28,153,277.38 27,471,072.05 27,918,645.03 28,198,942.71 28,699,113.22 27,931,144.15 28,600,402.37 29,810,777.42 28,881,033.95 29,106,192.77 29,090,069.51 27,350,645.61  
  Total Loan Portfolio (TLP), gross  298,898,356.40 300,482,985.51 303,068,838.78 301,856,617.80 308,232,475.49 314,168,757.70 311,033,689.84 311,203,945.58 298,948,837.94 312,734,226.06 318,070,621.87 323,939,318.07  
  RL to TLP 1.40 1.38 1.36 1.35 1.31 1.36 1.37 1.33 1.41 1.34 1.33 1.36  
  Restructured Loans (RL), gross 4,180,165.61 4,154,983.40 4,133,524.24 4,062,954.11 4,043,981.68 4,276,857.81 4,258,341.72 4,148,160.45 4,226,406.46 4,177,354.81 4,219,781.95 4,410,605.32  
  TLP, gross  298,898,356.40 300,482,985.51 303,068,838.78 301,856,617.80 308,232,475.49 314,168,757.70 311,033,689.84 311,203,945.58 298,948,837.94 312,734,226.06 318,070,621.87 323,939,318.07  
  Loan Loss Reserves (LLR) to TLP 3.48 3.52 3.53 3.67 3.65 3.72 3.87 3.93 3.97 3.86 3.86 3.60  
  Allowance for Credit Losses (ACL) - TLP 10,293,900.91 10,467,365.23 10,610,061.75 10,975,082.81 11,145,900.06 11,577,656.63 11,918,723.04 12,106,200.01 11,755,842.10 11,969,993.52 12,151,684.99 11,579,286.46  
  TLP, gross  296,137,931.34 297,632,734.50 300,213,166.01 299,037,614.20 305,317,229.03 311,253,459.18 308,120,559.52 308,290,862.39 296,055,246.23 309,730,942.90 315,077,385.83 321,224,739.69  
  NPL Ratio 7.68 7.44 7.53 7.64 7.65 7.26 7.56 7.98 8.22 7.84 7.73 7.12  
  Non-Performing Loans (NPL) 22,743,674.85 22,138,612.91 22,608,653.08 22,841,658.57 23,370,375.89 22,582,441.48 23,295,148.84 24,615,076.38 24,324,001.99 24,277,855.30 24,347,458.13 22,878,667.43  
  TLP, gross  296,137,931.34 297,632,734.50 300,213,166.01 299,037,614.20 305,317,229.03 311,253,459.18 308,120,559.52 308,290,862.39 296,055,246.23 309,730,942.90 315,077,385.83 321,224,739.69  
  NPL Ratio, net of IBL 8.04 7.79 7.71 7.84 7.83 7.41 7.69 8.03 8.32 7.94 7.88 7.25  
  NPL 22,743,674.85 22,138,612.91 22,608,653.08 22,841,658.57 23,370,375.89 22,582,441.48 23,295,148.84 24,615,076.38 24,324,001.99 24,277,855.30 24,347,458.13 22,878,667.43  
  TLP, gross net of IBL 282,846,499.27 284,314,328.56 293,408,029.20 291,300,245.43 298,449,779.36 304,944,375.36 303,041,055.59 306,413,835.75 292,341,966.66 305,864,102.32 308,802,814.63 315,560,539.58  
  NPL Coverage Ratio 45.26 47.28 46.93 48.05 47.69 51.27 51.16 49.18 48.33 49.30 49.91 50.61  
  ACL - TLP 10,293,900.91 10,467,365.23 10,610,061.75 10,975,082.81 11,145,900.06 11,577,656.63 11,918,723.04 12,106,200.01 11,755,842.10 11,969,993.52 12,151,684.99 11,579,286.46  
  Gross NPL 22,743,674.85 22,138,612.91 22,608,653.08 22,841,658.57 23,370,375.89 22,582,441.48 23,295,148.84 24,615,076.38 24,324,001.99 24,277,855.30 24,347,458.13 22,878,667.43  
  NPA to Gross Assets  10.04 9.85 9.20 9.04 8.87 8.51 8.68 8.81 9.06 8.88 8.76 8.60  
  Non-Performing Assets (NPA) 49,271,438.25 48,648,172.01 46,220,586.74 46,165,787.99 46,717,766.36 46,002,171.87 46,760,330.37 47,878,859.48 47,638,362.46 47,988,898.02 48,263,874.29 47,308,468.73  
  (1) Gross NPL 22,743,674.85 22,138,612.91 22,608,653.08 22,841,658.57 23,370,375.89 22,582,441.48 23,295,148.84 24,615,076.38 24,324,001.99 24,277,855.30 24,347,458.13 22,878,667.43  
  (2) ROPA, gross 26,527,763.40 26,509,559.11 23,611,933.66 23,324,129.43 23,347,390.47 23,419,730.38 23,465,181.53 23,263,783.10 23,314,360.47 23,711,042.73 23,916,416.16 24,429,801.30  
  Gross Assets 490,815,487.86 493,737,589.16 502,562,403.84 510,451,572.45 526,719,273.90 540,833,504.64 538,483,227.50 543,610,537.68 526,077,527.72 540,176,435.57 550,861,216.57 549,885,523.87  
  (1) Total Assets 478,039,505.15 480,730,485.57 489,750,686.59 497,284,867.80 513,353,180.07 527,065,747.65 524,378,408.65 529,514,870.15 512,284,566.21 526,149,876.94 536,604,079.82 536,123,460.12  
  (2) Allowance on NPA 12,775,982.71 13,007,103.59 12,811,717.25 13,166,704.65 13,366,093.82 13,767,756.99 14,104,818.85 14,095,667.53 13,792,961.51 14,026,558.63 14,257,136.75 13,762,063.76  
  NPA Coverage Ratio 25.93 26.74 27.72 28.52 28.61 29.93 30.16 29.44 28.95 29.23 29.54 29.09  
  Allowance on NPA 12,775,982.71 13,007,103.59 12,811,717.25 13,166,704.65 13,366,093.82 13,767,756.99 14,104,818.85 14,095,667.53 13,792,961.51 14,026,558.63 14,257,136.75 13,762,063.76  
  NPA 49,271,438.25 48,648,172.01 46,220,586.74 46,165,787.99 46,717,766.36 46,002,171.87 46,760,330.37 47,878,859.48 47,638,362.46 47,988,898.02 48,263,874.29 47,308,468.73  
  Distressed Assets Ratio 15.65 15.35 14.66 14.69 14.60 14.21 14.56 14.89 15.40 14.84 14.69 14.12  
  Distressed Assets 51,149,331.50 50,383,389.46 48,080,010.89 47,942,327.01 48,546,110.49 48,128,560.11 48,885,334.94 49,948,513.59 49,795,779.08 50,086,570.83 50,378,326.76 49,459,823.63  
  NPA 49,271,438.25 48,648,172.01 46,220,586.74 46,165,787.99 46,717,766.36 46,002,171.87 46,760,330.37 47,878,859.48 47,638,362.46 47,988,898.02 48,263,874.29 47,308,468.73  
  RL, Performing 1,877,893.25 1,735,217.45 1,859,424.15 1,776,539.02 1,828,344.13 2,126,388.24 2,125,004.57 2,069,654.11 2,157,416.62 2,097,672.81 2,114,452.47 2,151,354.90  
  TLP, gross  296,137,931.34 297,632,734.50 300,213,166.01 299,037,614.20 305,317,229.03 311,253,459.18 308,120,559.52 308,290,862.39 296,055,246.23 309,730,942.90 315,077,385.83 321,224,739.69  
  Total ROPA 30,766,022.57 30,549,981.20 27,658,093.55 27,351,942.07 27,282,935.62 27,551,821.91 27,532,046.34 27,213,647.26 27,338,757.70 27,782,436.06 27,931,367.85 28,946,857.68  
  (1) ROPA, gross 26,527,763.40 26,509,559.11 23,611,933.66 23,324,129.43 23,347,390.47 23,419,730.38 23,465,181.53 23,263,783.10 23,314,360.47 23,711,042.73 23,916,416.16 24,429,801.30  
  (2) Performing SCR 4,238,259.17 4,040,422.10 4,046,159.89 4,027,812.65 3,935,545.14 4,132,091.52 4,066,864.81 3,949,864.15 4,024,397.23 4,071,393.34 4,014,951.69 4,517,056.38  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 10.93 10.63 11.35 11.52 12.08 13.04 12.78 13.79 13.69 13.59 14.94 13.47  
  Cash and Due from Banks   42,357,816.06 41,670,586.63 45,018,218.15 45,499,366.11 49,355,558.21 54,880,653.11 53,358,607.34 58,156,627.91 55,581,702.83 57,773,524.22 64,876,590.37 58,053,995.90  
  Deposits 387,559,759.46 391,931,312.08 396,578,243.41 394,950,750.56 408,648,481.75 420,895,037.24 417,540,041.75 421,628,232.97 406,132,012.43 425,075,952.27 434,210,163.28 431,029,832.82  
  (2) Liquid Assets to Deposits Ratio 31.90 31.74 33.71 33.97 35.32 35.93 36.48 37.56 37.70 36.07 36.66 34.65  
  Liquid Assets, sum of: 123,625,759.31 124,379,394.30 133,683,987.10 134,158,796.33 144,322,392.03 151,213,450.23 152,313,717.57 158,354,075.64 153,120,446.97 153,316,228.55 159,202,997.59 149,359,711.12  
  (1) Cash and Due from Banks 42,357,816.06 41,670,586.63 45,018,218.15 45,499,366.11 49,355,558.21 54,880,653.11 53,358,607.34 58,156,627.91 55,581,702.83 57,773,524.22 64,876,590.37 58,053,995.90  
  (2) Financial Assets, net (excl. equity investments) 81,267,943.25 82,708,807.68 88,665,768.96 88,659,430.22 94,966,833.83 96,332,797.12 98,955,110.23 100,197,447.73 97,538,744.14 95,542,704.33 94,326,407.22 91,305,715.22  
  Deposits 387,559,759.46 391,931,312.08 396,578,243.41 394,950,750.56 408,648,481.75 420,895,037.24 417,540,041.75 421,628,232.97 406,132,012.43 425,075,952.27 434,210,163.28 431,029,832.82  
  (3) Loans (gross) to Deposits 77.12 76.67 76.42 76.43 75.43 74.64 74.49 73.81 73.61 73.57 73.25 75.15  
  Loans (gross) 298,898,356.40 300,482,985.51 303,068,838.78 301,856,617.80 308,232,475.49 314,168,757.70 311,033,689.84 311,203,945.58 298,948,837.94 312,734,226.06 318,070,621.87 323,939,318.07  
  Deposits 387,559,759.46 391,931,312.08 396,578,243.41 394,950,750.56 408,648,481.75 420,895,037.24 417,540,041.75 421,628,232.97 406,132,012.43 425,075,952.27 434,210,163.28 431,029,832.82  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 0.09 0.25 0.37 0.48  
  Annualized Net Profit or Loss  443,190.01 1,259,645.86 1,832,232.59 2,443,301.98  
  Average Assets 487,180,674.97 505,088,232.89 497,326,481.17 508,944,103.86  
  Total Assets (last year) 484,610,663.35 483,110,718.12 482,368,396.14 481,764,747.61  
  Total Assets (current year) 489,750,686.59 527,065,747.65 512,284,566.21 536,123,460.12  
  (2) Return on Equity (ROE) 0.78 2.14 3.05 4.24  
  Annualized Net Profit or Loss  443,190.01 1,259,645.86 1,832,232.59 2,443,301.98  
  Average Capital 56,627,738.65 58,963,086.14 60,077,540.41 57,567,121.51  
  Total Capital (last year) 59,573,177.75 57,100,870.12 58,469,052.57 53,454,535.98  
  Total Capital (current year) 53,682,299.56 60,825,302.16 61,686,028.26 61,679,707.05  
  (3) Earning Asset Yield 8.91 8.71 8.82 8.89  
  Annualized Interest Income 37,754,759.77 38,271,880.76 38,137,391.98 39,099,417.36  
  Average Earning Assets 423,786,640.12 439,565,490.47 432,381,286.84 439,666,059.97  
  Earning Assets (last year) 420,005,389.67 420,757,024.82 420,777,284.40 416,991,001.55  
  Earning Assets (current year) 427,567,890.57 458,373,956.12 443,985,289.27 462,341,118.38  
  (4) Funding Cost 4.27 4.08 3.97 3.80  
  Annualized Interest Expense 17,505,701.18 17,323,983.97 16,489,011.36 16,294,728.56  
  Average Interest Bearing Liabilities 409,809,956.41 424,683,167.29 415,174,873.29 428,981,644.05  
  Interest Bearing Liabilities (last year) 404,624,147.20 404,831,728.92 402,565,911.43 407,228,776.82  
  Interest Bearing Liabilities (current year) 414,995,765.61 444,534,605.66 427,783,835.16 450,734,511.28  
  (5) Interest Spread 4.64 4.63 4.85 5.09  
  (3) Earning Asset Yield 8.91 8.71 8.82 8.89  
  (4) Funding Cost 4.27 4.08 3.97 3.80  
  (6) Net Interest Margin 4.78 4.77 5.00 5.16  
  Annualized Net Interest Income 20,249,045.84 20,947,884.05 21,604,819.56 22,692,228.21  
  Average Earning Assets 423,786,640.12 439,565,490.47 432,381,286.84 439,666,059.97  
  (7) Cost to Income Ratio 87.02 84.86 80.68 78.80  
  Annualized Non-Interest Expenses 24,221,648.72 24,784,091.99 23,521,231.02 23,897,180.14  
  Annualized Total Operating Income 27,835,222.77 29,205,477.19 29,155,526.09 30,325,887.42  
  (8) Net Interest Income to Total Operating Income 72.75 71.73 74.10 74.83  
  Annualized Net Interest Income  20,249,045.84 20,947,884.05 21,604,819.56 22,692,228.21  
  Annualized Total Operating Income 27,835,222.77 29,205,477.19 29,155,526.09 30,325,887.42  
  (9) Non-interest Income to Total Operating Income 27.25 28.27 25.90 25.17  
  Annualized Non-Interest Income 7,586,176.93 8,257,593.14 7,550,706.53 7,633,659.21  
  Annualized Total Operating Income 27,835,222.77 29,205,477.19 29,155,526.09 30,325,887.42  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 12.15 11.47 12.16 12.06  
  Capital Adequacy Ratio - Conso 0.00 0.00 0.00 0.00  
  Total Capital Accounts to Total Assets 11.23 11.12 10.97 12.10 12.04 11.56 11.83 11.88 12.06 11.72 11.54 11.52