30 Balance Sheet                          
                             
                             
  Commercial Bank Group                          
  as of end of periods indicated                          
  amounts in thousand Pesos                          
                             
   
  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  
   
  TOTAL ASSETS  821,575,345.17 837,716,222.32 810,602,101.71 815,675,118.74 824,667,251.85 795,801,834.68 792,800,382.61 795,136,581.40 793,956,343.67 812,744,571.59 873,947,994.90 846,568,017.65  
  CASH AND DUE FROM BANKS 130,846,110.72 141,940,021.64 135,241,731.50 137,061,385.42 146,676,485.41 137,238,572.42 137,141,539.95 127,823,572.92 120,788,390.32 140,997,821.31 170,152,074.27 143,231,729.29  
  TLP (INCLUSIVE OF IBL AND RRPs) , NET  392,211,544.11 378,751,933.63 360,443,249.31 352,498,457.99 349,796,297.27 363,217,686.39 348,583,046.59 349,864,364.13 353,417,955.66 353,618,134.92 399,331,035.42 421,668,103.53  
  Total Loan Portfolio (TLP), gross  409,496,183.95 395,801,938.18 377,888,775.57 370,237,661.82 367,806,170.87 381,220,108.78 366,566,595.53 367,955,971.87 371,297,858.64 371,214,987.56 416,697,520.76 438,845,100.50  
  (a) Interbank Loans Receivable (IBL) 73,763,821.52 63,928,882.45 57,871,961.88 56,315,850.79 55,012,901.18 54,944,785.77 51,266,208.09 40,543,133.43 24,445,093.15 31,883,207.64 25,387,607.35 35,597,820.45  
  (b) Total Reverse Repurchase (RRPs) 57,317,482.50 53,662,058.25 54,361,376.81 47,252,082.34 47,754,896.25 53,582,034.16 44,370,384.24 50,470,980.30 73,751,880.00 72,414,768.37 114,323,344.00 118,186,556.80  
  of which:  
  Reverse Repurchase (RRPs) with BSP 44,367,000.00 45,888,000.00 40,747,000.00 34,822,000.00 33,101,000.00 40,535,000.00 29,244,000.00 35,581,000.00 61,641,000.00 63,480,000.00 110,063,000.00 109,741,000.00  
  Reverse Repurchase (RRPs) with Other Banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  (c) Loans and Receivable - Others, net of amortization 278,414,879.93 278,210,997.48 265,655,436.88 266,669,728.68 265,038,373.44 272,693,288.85 270,930,003.20 276,941,858.14 273,100,885.48 266,917,011.54 276,986,569.40 285,060,723.24  
  Allowance for Credit Losses  17,284,639.84 17,050,004.55 17,445,526.25 17,739,203.83 18,009,873.60 18,002,422.39 17,983,548.94 18,091,607.74 17,879,902.98 17,596,852.64 17,366,485.34 17,176,996.96  
  TLP, gross (exclusive of IBL) 335,732,362.43 331,873,055.73 320,016,813.69 313,921,811.02 312,793,269.69 326,275,323.01 315,300,387.44 327,412,838.44 346,852,765.48 339,331,779.91 391,309,913.40 403,247,280.04  
  TLP, gross (exclusive of IBL and RRP with BSP and Other Banks) 291,365,362.43 285,985,055.73 279,269,813.69 279,099,811.02 279,692,269.69 285,740,323.01 286,056,387.44 291,831,838.44 285,211,765.48 275,851,779.91 281,246,913.40 293,506,280.04  
  TOTAL INVESTMENTS, NET 211,033,459.75 234,872,043.96 235,452,289.52 246,846,317.67 241,636,374.96 217,197,767.35 228,470,617.44 242,652,712.61 243,276,738.76 243,536,183.34 225,481,572.48 203,647,648.81  
  (A) Financial Assets, net (Portfolio Investments) 210,236,425.96 234,074,985.45 234,666,397.08 246,049,883.77 240,829,716.81 216,231,145.13 227,503,979.99 241,686,061.66 242,285,072.77 242,544,505.90 224,489,886.57 202,652,043.27  
  Financial Assets, gross (net of amortization) 211,943,377.07 235,645,893.52 236,157,638.16 247,364,316.31 242,599,257.80 217,520,004.80 227,819,862.43 241,032,783.49 241,987,287.84 241,753,036.71 224,632,086.32 205,283,893.68  
  (1) Financial Assets Held for Trading (HFT) 32,993,329.76 58,351,960.38 63,094,755.67 67,276,366.04 55,490,680.32 29,319,514.02 35,838,235.42 45,439,254.20 52,697,597.68 54,286,056.86 49,835,793.83 43,134,647.25  
  (2) Financial Assets DFVPL 2,441,509.73 1,886,973.63 1,838,375.54 1,575,294.64 1,914,077.16 2,645,179.85 1,799,547.25 131,465.29 112,830.94 110,496.03 112,910.34 112,184.70  
  (3) Available-for-Sale (AFS) Financial Assets 87,603,324.07 93,846,982.02 94,545,088.11 106,697,470.31 112,409,926.98 112,319,588.26 119,303,648.73 124,847,467.70 120,123,905.08 119,897,258.83 106,765,072.56 94,373,646.20  
  (4) Held-to-Maturity (HTM) Financial Assets 51,539,346.18 51,036,561.55 47,993,659.38 43,344,169.64 44,144,400.10 44,223,531.34 43,888,870.48 43,868,715.02 43,280,188.52 42,954,059.70 43,234,057.88 43,157,899.23  
  (5) Unquoted Debt Securities Classified as Loans 36,730,839.20 29,888,422.57 28,053,395.58 27,827,411.21 27,996,062.79 28,368,033.22 26,345,589.39 26,102,308.17 25,129,222.62 23,862,409.43 24,041,228.98 23,862,728.87  
  (6) Investments in Non-Marketable Equity Securities 635,028.13 634,993.37 632,363.89 643,604.47 644,110.45 644,158.10 643,971.16 643,573.11 643,543.00 642,755.86 643,022.73 642,787.43  
  Accumulated Market Gains/Losses  254,717.14 467,813.78 998,720.11 1,107,277.38 826,667.75 1,289,444.84 2,217,954.82 3,063,133.87 2,643,879.82 3,054,354.87 2,227,698.24 147,557.44  
  Allowance for Credit Losses  1,961,668.25 2,038,721.86 2,489,961.20 2,421,709.93 2,596,208.74 2,578,304.51 2,533,837.26 2,409,855.70 2,346,094.89 2,262,885.68 2,369,897.99 2,779,407.85  
  (B) Equity Investment in Subsidiaries/Associates/Joint Ventures, net (Direct Investments) 797,033.79 797,058.51 785,892.44 796,433.90 806,658.16 966,622.22 966,637.45 966,650.96 991,665.99 991,677.44 991,685.91 995,605.54  
  ROPA, NET 10,988,640.71 10,871,250.64 10,625,281.61 10,524,712.75 10,495,803.32 10,394,756.10 10,427,871.85 10,416,821.69 10,525,566.24 10,487,820.01 10,479,510.28 10,575,541.00  
  Real and Other Properties Acquired (ROPA), gross 12,691,865.55 12,592,015.36 12,347,298.03 12,220,387.79 12,129,284.89 12,065,867.74 12,106,901.55 12,105,394.44 12,210,483.57 12,183,472.84 12,173,538.62 12,312,631.30  
  of which:  
  (1) Sales Contract Receivables, Gross 2,499,725.78 2,437,057.18 2,437,996.64 2,436,879.47 2,420,694.99 2,405,353.84 2,462,792.29 2,436,675.02 2,509,647.91 2,532,748.09 2,526,354.52 2,529,385.82  
  (a) Performing 2,113,405.34 2,060,431.04 2,056,278.92 2,038,889.54 2,007,809.97 1,990,767.72 2,074,376.09 1,448,292.47 1,435,155.37 1,495,501.90 1,481,863.09 1,522,511.28  
  (b) Non-Performing 386,320.43 376,626.14 381,717.72 397,989.93 412,885.02 414,586.12 388,416.19 988,382.56 1,074,492.54 1,037,246.20 1,044,491.43 1,006,874.53  
  Sales Contract Receivables, Net 2,493,793.27 2,431,124.68 2,432,064.14 2,430,946.97 2,414,762.48 2,399,421.34 2,404,547.42 2,428,430.16 2,501,403.04 2,524,503.23 2,512,510.23 2,517,697.00  
  (2) Non-Current Assets Held for Sale, Gross 325,792.89 325,792.89 1,038,966.58 1,039,429.47 1,033,842.25 1,050,952.96 1,052,064.72 1,051,101.26 996,624.13 995,676.92 969,206.03 1,459,524.29  
  Non-Current Assets Held for Sale, net 325,792.89 325,792.89 1,038,966.58 1,039,429.47 1,033,842.25 1,050,952.96 1,052,064.72 1,051,101.26 996,624.13 995,676.92 969,206.03 1,378,374.11  
  Unamortized Discount and Other Deferred Credits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  Accummulated Depreciation 829,830.56 845,362.21 846,613.92 836,217.80 827,006.09 813,823.18 821,201.56 831,291.95 827,636.53 821,954.82 837,655.16 856,740.87  
  Allowance for Losses 873,394.28 875,402.50 875,402.50 859,457.24 806,475.47 857,288.46 857,828.15 857,280.80 857,280.80 873,698.01 856,373.18 880,349.43  
  OTHER ASSETS 76,495,589.88 71,280,972.44 68,839,549.77 68,744,244.92 76,062,290.88 67,753,052.40 68,177,306.78 64,379,110.05 65,947,692.69 64,104,612.02 68,503,802.45 67,444,995.02  
  LIABILITIES AND CAPITAL  
  LIABILITIES 713,471,789.21 728,383,228.74 707,648,352.45 705,821,008.54 721,565,675.72 685,438,558.45 683,845,215.65 685,320,532.06 675,729,698.26 698,158,039.78 755,697,515.40 726,332,245.10  
  FINANCIAL LIABILITIES HFT 11,093,034.16 39,634,180.34 35,423,821.76 36,259,333.59 15,763,592.63 11,450,339.36 15,073,562.63 13,825,044.66 17,287,040.62 21,370,189.52 16,292,316.13 14,280,564.45  
  FINANCIAL LIABILITIES DFVPL 0.00 0.00 0.00 0.00 11,679.56 11,709.86 11,500.26 11,457.33 11,081.06 10,861.36 11,111.36 11,070.96  
  DEPOSIT LIABILITIES 569,186,053.44 559,705,672.69 550,912,179.51 554,656,545.74 576,107,654.20 559,880,770.81 546,820,493.29 554,197,906.68 557,227,028.00 553,196,740.64 577,983,082.23 567,517,726.75  
  Peso Liabilities 387,469,318.77 375,689,494.51 374,527,146.22 374,473,521.99 378,297,678.16 368,205,091.70 359,551,142.90 360,734,175.76 368,390,167.15 368,632,141.42 377,528,986.68 381,683,433.80  
  Demand and NOW 113,195,925.11 111,118,093.21 121,406,436.68 119,464,381.13 129,479,169.25 119,108,885.96 116,918,763.36 121,877,944.79 122,226,568.98 121,943,074.74 135,260,469.49 143,780,780.83  
  Savings 146,637,825.78 136,885,046.98 138,979,575.58 138,648,806.59 129,335,683.72 132,404,818.93 125,672,931.84 126,066,033.09 129,257,524.53 123,718,009.59 127,981,503.33 124,874,377.25  
  Time 122,712,949.17 122,754,969.69 109,198,979.45 111,408,333.47 114,520,925.47 111,719,535.27 113,477,591.14 109,298,282.82 113,404,046.32 119,458,863.46 110,764,599.59 109,495,586.18  
  LTNCD 4,922,618.71 4,931,384.63 4,942,154.52 4,952,000.81 4,961,899.72 4,971,851.55 3,481,856.57 3,491,915.06 3,502,027.32 3,512,193.63 3,522,414.27 3,532,689.55  
  Foreign Currency 181,716,734.68 184,016,178.18 176,385,033.29 180,183,023.75 197,809,976.04 191,675,679.10 187,269,350.39 193,463,730.93 188,836,860.85 184,564,599.22 200,454,095.55 185,834,292.95  
  Demand and NOW 22,474,551.25 23,303,326.65 23,250,259.43 23,345,567.48 25,357,058.24 24,538,043.98 22,866,767.09 25,192,555.34 25,241,828.01 24,630,048.58 23,932,306.45 22,802,878.46  
  Savings 70,715,835.47 71,640,750.16 68,287,526.08 71,483,950.27 77,339,090.62 71,253,892.67 76,318,691.40 80,715,626.74 81,916,854.40 77,204,050.58 88,151,351.45 71,348,382.17  
  Time 88,526,347.96 89,072,101.37 84,847,247.78 85,353,505.99 95,113,827.18 95,883,742.45 88,083,891.90 87,555,548.85 81,678,178.44 82,730,500.06 88,370,437.65 91,683,032.32  
  LTNCD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  DUE TO BANKS/OTHERS 37,704,499.07 35,640,456.41 34,129,652.09 27,141,357.94 45,129,661.82 35,571,406.93 41,350,267.47 30,772,171.06 26,140,017.06 44,597,104.80 71,562,766.20 55,365,121.06  
  BILLS PAYABLE 36,968,491.61 38,339,659.44 31,359,420.02 30,244,433.83 28,163,718.26 25,362,921.36 25,828,630.46 29,578,353.48 30,727,701.22 27,313,038.25 31,146,878.23 27,433,734.94  
  BONDS PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  UNSECURED SUBORDINATED DEBT, NET 3,955,203.59 3,965,025.99 3,976,895.07 3,987,701.80 3,999,828.82 4,011,242.97 5,523,568.60 4,335,102.70 4,346,063.22 4,358,050.96 4,369,720.73 4,382,118.94  
  REDEEMABLE PREFERRED SHARES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  DERIVATIVES WITH NEGATIVE FAIR VALUE HELD FOR HEDGING 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  OTHER LIABILITIES 54,564,507.33 51,098,233.86 51,846,384.00 53,531,635.64 52,389,540.42 49,150,167.16 49,237,192.93 52,600,496.14 39,990,767.08 47,312,054.24 54,331,640.51 57,341,908.00  
  TOTAL CAPITAL ACCOUNTS  108,103,555.96 109,332,993.58 102,953,749.26 109,854,110.20 103,101,576.13 110,363,276.22 108,955,166.95 109,816,049.35 118,226,645.41 114,586,531.82 118,250,479.50 120,235,772.55  
  Capital Stock 47,941,753.76 47,941,746.36 47,942,448.84 50,534,349.94 50,534,457.94 51,620,203.68 51,620,287.86 51,620,296.14 52,706,008.10 52,706,014.65 52,706,046.32 54,494,111.46  
  Retained Earnings & Undivided Profits 6,285,288.98 5,354,646.66 4,052,544.61 4,259,436.91 4,593,156.11 4,655,015.56 4,438,005.97 4,863,034.56 5,198,112.53 5,533,466.62 5,838,974.30 6,084,831.76  
  Other Comprehensive Income (225,172.07) (131,697.63) 381,449.41 685,486.65 470,878.99 888,724.55 1,643,057.97 2,330,143.09 2,005,946.44 1,954,899.32 1,309,593.78 (496,506.20)  
  Appraisal Increment Reserves 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 498,924.24 408,988.60  
  Other Capital 53,602,761.05 55,669,373.94 50,078,382.16 53,875,912.46 47,004,158.86 52,700,408.20 50,754,890.92 50,503,651.31 57,817,654.10 53,893,226.98 57,896,940.86 59,744,346.93