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-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 4.38 4.31 4.51 4.58 4.55 4.32 4.55 4.39 4.19 4.41 4.28 3.93  
  Past Due Loans 114,145,635.13 112,337,141.32 115,168,231.23 117,931,453.30 117,926,425.79 116,810,339.98 116,763,174.18 115,827,732.05 112,954,708.29 115,796,377.58 117,218,734.67 110,979,126.29  
  Total Loan Portfolio (TLP), gross  2,603,723,282.43 2,605,993,929.86 2,553,420,342.86 2,573,002,151.67 2,593,138,466.61 2,703,424,333.01 2,566,630,901.65 2,638,905,812.03 2,692,721,243.54 2,627,073,026.36 2,735,926,258.81 2,825,454,632.99  
  RL to TLP 1.75 1.72 1.76 1.74 1.63 1.67 1.73 1.68 1.64 1.66 1.58 1.56  
  Restructured Loans (RL), gross 45,435,672.37 44,932,505.87 44,831,328.95 44,734,410.48 42,274,582.48 45,123,299.31 44,529,530.69 44,424,639.96 44,047,668.84 43,720,954.99 43,265,256.81 44,066,438.60  
  TLP, gross  2,603,723,282.43 2,605,993,929.86 2,553,420,342.86 2,573,002,151.67 2,593,138,466.61 2,703,424,333.01 2,566,630,901.65 2,638,905,812.03 2,692,721,243.54 2,627,073,026.36 2,735,926,258.81 2,825,454,632.99  
  Loan Loss Reserves (LLR) to TLP 3.57 3.55 3.63 3.63 3.64 3.50 3.72 3.72 3.65 3.74 3.57 3.39  
  Allowance for Credit Losses (ACL) - TLP 92,113,698.95 91,738,960.27 91,982,001.02 92,669,289.36 93,581,919.43 93,714,446.17 94,612,205.06 97,239,791.07 97,379,233.23 97,406,503.04 96,870,357.89 95,039,815.58  
  TLP, gross  2,582,642,117.16 2,584,666,158.38 2,530,672,598.18 2,550,110,457.11 2,569,800,426.18 2,680,220,113.04 2,543,903,015.85 2,616,218,470.29 2,670,315,299.83 2,603,816,733.87 2,711,540,793.07 2,801,710,717.26  
  NPL Ratio 3.22 3.18 3.22 3.34 3.31 3.21 3.30 3.25 3.11 3.19 3.06 2.86  
  Non-Performing Loans (NPL) 83,211,706.18 82,279,223.81 81,382,450.70 85,098,675.28 84,942,301.13 85,988,034.64 84,045,345.53 84,909,538.64 83,140,752.33 83,111,029.25 83,092,435.48 80,215,433.09  
  TLP, gross  2,582,642,117.16 2,584,666,158.38 2,530,672,598.18 2,550,110,457.11 2,569,800,426.18 2,680,220,113.04 2,543,903,015.85 2,616,218,470.29 2,670,315,299.83 2,603,816,733.87 2,711,540,793.07 2,801,710,717.26  
  NPL Ratio, net of IBL 3.70 3.62 3.68 3.79 3.70 3.64 3.71 3.67 3.46 3.48 3.33 3.10  
  NPL 83,211,706.18 82,279,223.81 81,382,450.70 85,098,675.28 84,942,301.13 85,988,034.64 84,045,345.53 84,909,538.64 83,140,752.33 83,111,029.25 83,092,435.48 80,215,433.09  
  TLP, gross net of IBL 2,251,739,459.66 2,275,431,797.42 2,209,088,472.52 2,246,043,535.65 2,297,886,857.82 2,360,597,263.59 2,266,502,274.30 2,313,205,662.98 2,399,657,608.00 2,386,803,051.77 2,496,991,676.07 2,583,873,017.80  
  NPL Coverage Ratio 110.70 111.50 113.02 108.90 110.17 108.99 112.57 114.52 117.13 117.20 116.58 118.48  
  ACL - TLP 92,113,698.95 91,738,960.27 91,982,001.02 92,669,289.36 93,581,919.43 93,714,446.17 94,612,205.06 97,239,791.07 97,379,233.23 97,406,503.04 96,870,357.89 95,039,815.58  
  Gross NPL 83,211,706.18 82,279,223.81 81,382,450.70 85,098,675.28 84,942,301.13 85,988,034.64 84,045,345.53 84,909,538.64 83,140,752.33 83,111,029.25 83,092,435.48 80,215,433.09  
  NPA to Gross Assets  3.94 3.87 3.83 3.89 3.79 3.78 3.83 3.77 3.65 3.63 3.46 3.28  
  Non-Performing Assets (NPA) 217,274,799.39 215,255,189.06 213,648,299.82 216,667,498.30 215,436,281.43 215,506,984.40 212,981,891.76 213,477,467.40 211,653,827.27 210,954,763.45 210,281,559.15 204,929,720.23  
  (1) Gross NPL 83,211,706.18 82,279,223.81 81,382,450.70 85,098,675.28 84,942,301.13 85,988,034.64 84,045,345.53 84,909,538.64 83,140,752.33 83,111,029.25 83,092,435.48 80,215,433.09  
  (2) ROPA, gross 134,063,093.21 132,975,965.25 132,265,849.12 131,568,823.01 130,493,980.30 129,518,949.76 128,936,546.23 128,567,928.77 128,513,074.94 127,843,734.20 127,189,123.67 124,714,287.14  
  Gross Assets 5,517,982,296.87 5,560,805,196.05 5,576,821,503.48 5,576,928,197.03 5,686,870,204.85 5,706,895,424.02 5,559,252,633.15 5,661,611,833.17 5,791,968,524.04 5,818,944,491.66 6,084,892,390.16 6,254,552,334.23  
  (1) Total Assets 5,398,229,160.65 5,441,133,595.88 5,456,467,952.79 5,455,748,461.27 5,564,722,488.34 5,584,758,868.98 5,436,227,271.34 5,535,303,903.08 5,665,890,049.80 5,693,164,440.59 5,959,489,907.83 6,131,754,919.98  
  (2) Allowance on NPA 119,753,136.22 119,671,600.16 120,353,550.70 121,179,735.76 122,147,716.51 122,136,555.04 123,025,361.81 126,307,930.10 126,078,474.24 125,780,051.07 125,402,482.33 122,797,414.25  
  NPA Coverage Ratio 55.12 55.60 56.33 55.93 56.70 56.67 57.76 59.17 59.57 59.62 59.64 59.92  
  Allowance on NPA 119,753,136.22 119,671,600.16 120,353,550.70 121,179,735.76 122,147,716.51 122,136,555.04 123,025,361.81 126,307,930.10 126,078,474.24 125,780,051.07 125,402,482.33 122,797,414.25  
  NPA 217,274,799.39 215,255,189.06 213,648,299.82 216,667,498.30 215,436,281.43 215,506,984.40 212,981,891.76 213,477,467.40 211,653,827.27 210,954,763.45 210,281,559.15 204,929,720.23  
  Distressed Assets Ratio 8.87 8.76 8.86 8.89 8.70 8.41 8.74 8.52 8.35 8.50 8.14 7.76  
  Distressed Assets 241,975,503.84 238,978,613.43 236,926,841.53 239,223,321.48 235,989,159.12 237,201,893.81 234,519,376.16 234,830,574.56 234,586,534.64 233,026,651.72 231,936,575.81 227,983,033.53  
  NPA 217,274,799.39 215,255,189.06 213,648,299.82 216,667,498.30 215,436,281.43 215,506,984.40 212,981,891.76 213,477,467.40 211,653,827.27 210,954,763.45 210,281,559.15 204,929,720.23  
  RL, Performing 24,700,704.44 23,723,424.37 23,278,541.71 22,555,823.18 20,552,877.69 21,694,909.41 21,537,484.40 21,353,107.16 22,932,707.37 22,071,888.27 21,655,016.66 23,053,313.29  
  TLP, gross  2,582,642,117.16 2,584,666,158.38 2,530,672,598.18 2,550,110,457.11 2,569,800,426.18 2,680,220,113.04 2,543,903,015.85 2,616,218,470.29 2,670,315,299.83 2,603,816,733.87 2,711,540,793.07 2,801,710,717.26  
  Total ROPA 144,808,428.18 143,948,773.36 142,979,529.93 142,242,593.68 141,404,293.93 140,117,984.57 139,990,184.41 138,997,968.08 139,033,170.58 138,108,296.96 138,098,860.05 135,581,273.46  
  (1) ROPA, gross 134,063,093.21 132,975,965.25 132,265,849.12 131,568,823.01 130,493,980.30 129,518,949.76 128,936,546.23 128,567,928.77 128,513,074.94 127,843,734.20 127,189,123.67 124,714,287.14  
  (2) Performing SCR 10,745,334.97 10,972,808.11 10,713,680.81 10,673,770.67 10,910,313.64 10,599,034.81 11,053,638.17 10,430,039.31 10,520,095.64 10,264,562.76 10,909,736.38 10,866,986.31  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 20.39 20.98 21.70 20.59 21.73 20.18 20.16 19.39 20.95 22.22 25.69 26.83  
  Cash and Due from Banks   825,619,846.17 850,176,018.95 880,969,595.64 836,142,949.41 905,208,716.52 848,748,426.15 821,635,538.33 797,198,295.12 879,366,142.86 920,048,723.19 1,107,025,218.51 1,210,927,299.37  
  Deposits 4,048,832,167.02 4,051,449,159.68 4,059,572,620.75 4,060,545,348.23 4,164,820,228.77 4,205,541,455.71 4,074,867,541.87 4,111,206,812.82 4,196,734,792.93 4,140,855,732.38 4,309,955,772.11 4,513,307,353.76  
  (2) Liquid Assets to Deposits Ratio 57.44 58.56 60.16 59.42 59.93 57.46 59.11 59.09 59.87 62.76 63.63 62.72  
  Liquid Assets, sum of: 2,325,678,470.84 2,372,474,340.26 2,442,176,515.78 2,412,933,499.51 2,495,935,275.60 2,416,487,865.24 2,408,514,909.02 2,429,489,334.05 2,512,765,819.29 2,598,739,176.52 2,742,251,137.32 2,830,911,709.33  
  (1) Cash and Due from Banks 825,619,846.17 850,176,018.95 880,969,595.64 836,142,949.41 905,208,716.52 848,748,426.15 821,635,538.33 797,198,295.12 879,366,142.86 920,048,723.19 1,107,025,218.51 1,210,927,299.37  
  (2) Financial Assets, net (excl. equity investments) 1,500,058,624.67 1,522,298,321.31 1,561,206,920.15 1,576,790,550.11 1,590,726,559.08 1,567,739,439.09 1,586,879,370.69 1,632,291,038.93 1,633,399,676.42 1,678,690,453.33 1,635,225,918.81 1,619,984,409.96  
  Deposits 4,048,832,167.02 4,051,449,159.68 4,059,572,620.75 4,060,545,348.23 4,164,820,228.77 4,205,541,455.71 4,074,867,541.87 4,111,206,812.82 4,196,734,792.93 4,140,855,732.38 4,309,955,772.11 4,513,307,353.76  
  (3) Loans (gross) to Deposits 64.31 64.32 62.90 63.37 62.26 64.28 62.99 64.19 64.16 63.44 63.48 62.60  
  Loans (gross) 2,603,723,282.43 2,605,993,929.86 2,553,420,342.86 2,573,002,151.67 2,593,138,466.61 2,703,424,333.01 2,566,630,901.65 2,638,905,812.03 2,692,721,243.54 2,627,073,026.36 2,735,926,258.81 2,825,454,632.99  
  Deposits 4,048,832,167.02 4,051,449,159.68 4,059,572,620.75 4,060,545,348.23 4,164,820,228.77 4,205,541,455.71 4,074,867,541.87 4,111,206,812.82 4,196,734,792.93 4,140,855,732.38 4,309,955,772.11 4,513,307,353.76  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.30 1.33 1.44 1.44  
  Annualized Net Profit or Loss  68,133,158.62 70,966,153.30 78,165,035.71 83,363,796.20  
  Average Assets 5,223,347,582.51 5,336,783,192.48 5,430,019,045.99 5,807,648,174.78  
  Total Assets (last year) 4,990,227,212.24 5,088,807,515.98 5,194,148,042.18 5,483,541,429.59  
  Total Assets (current year) 5,456,467,952.79 5,584,758,868.98 5,665,890,049.80 6,131,754,919.98  
  (2) Return on Equity (ROE) 11.90 11.77 12.24 12.72  
  Annualized Net Profit or Loss  68,133,158.62 70,966,153.30 78,165,035.71 83,363,796.20  
  Average Capital 572,333,173.63 602,947,361.30 638,348,322.14 655,329,798.36  
  Total Capital (last year) 537,268,318.84 564,461,842.53 580,019,158.60 599,118,836.25  
  Total Capital (current year) 607,398,028.41 641,432,880.08 696,677,485.68 711,540,760.47  
  (3) Earning Asset Yield 5.93 5.79 5.70 5.40  
  Annualized Interest Income 271,890,279.24 272,909,408.69 271,937,063.15 276,198,334.23  
  Average Earning Assets 4,588,118,602.54 4,712,535,545.84 4,770,856,837.90 5,113,415,153.04  
  Earning Assets (last year) 4,387,698,811.91 4,475,381,641.33 4,553,493,136.35 4,799,711,529.66  
  Earning Assets (current year) 4,788,538,393.18 4,949,689,450.36 4,988,220,539.44 5,427,118,776.42  
  (4) Funding Cost 2.22 2.16 2.07 1.92  
  Annualized Interest Expense 96,769,998.13 95,796,840.60 93,335,040.06 92,141,541.40  
  Average Interest Bearing Liabilities 4,353,457,115.65 4,431,279,244.49 4,499,600,206.91 4,801,761,033.88  
  Interest Bearing Liabilities (last year) 4,152,997,759.38 4,230,586,388.35 4,339,365,557.14 4,570,776,223.63  
  Interest Bearing Liabilities (current year) 4,553,916,471.92 4,631,972,100.62 4,659,834,856.69 5,032,745,844.13  
  (5) Interest Spread 3.70 3.63 3.63 3.48  
  (3) Earning Asset Yield 5.93 5.79 5.70 5.40  
  (4) Funding Cost 2.22 2.16 2.07 1.92  
  (6) Net Interest Margin 3.81 3.75 3.74 3.60  
  Annualized Net Interest Income 174,896,193.48 176,900,265.05 178,309,091.82 183,984,983.02  
  Average Earning Assets 4,588,118,602.54 4,712,535,545.84 4,770,856,837.90 5,113,415,153.04  
  (7) Cost to Income Ratio 63.40 62.65 62.20 61.53  
  Annualized Non-Interest Expenses 172,536,353.81 173,481,652.50 180,806,613.87 185,186,196.09  
  Annualized Total Operating Income 272,122,193.01 276,888,360.36 290,663,828.25 300,970,969.55  
  (8) Net Interest Income to Total Operating Income 64.27 63.89 61.35 61.13  
  Annualized Net Interest Income  174,896,193.48 176,900,265.05 178,309,091.82 183,984,983.02  
  Annualized Total Operating Income 272,122,193.01 276,888,360.36 290,663,828.25 300,970,969.55  
  (9) Non-interest Income to Total Operating Income 35.73 36.11 38.65 38.87  
  Annualized Non-Interest Income 97,225,999.54 99,988,095.31 112,354,736.42 116,985,986.54  
  Annualized Total Operating Income 272,122,193.01 276,888,360.36 290,663,828.25 300,970,969.55  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 14.99 15.37 16.29 16.23  
  Capital Adequacy Ratio - Conso 16.17 16.45 17.32 17.27  
  Total Capital Accounts to Total Assets 11.10 11.08 11.13 11.52 11.34 11.49 12.04 12.26 12.30 12.42 11.85 11.60