59 Income Statement          
             
             
  Cooperative Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-10 Jun-10 Sep-10 Dec-10  
   
  TOTAL OPERATING INCOME   365,590.11 746,937.13 1,134,143.95 1,508,467.05  
  Interest Income 446,064.54 893,115.96 1,356,946.18 1,761,423.15  
  Interest Expense 205,062.21 411,076.20 638,432.73 826,003.43  
  Provision for Losses on Accrued Interest Income from Financial Assets 0.00 0.00 0.00 0.00  
  Net Interest Income 241,002.33 482,039.76 718,513.45 935,419.72  
  Non-Interest income 124,587.78 264,897.37 415,630.50 573,047.33  
  (1) Dividend Income 0.00 97.25 155.66 82.03  
  (2) Fees and Commissions Income 70,973.34 143,883.54 228,578.03 302,775.72  
  (3) Trading Income 3,086.00 7,284.20 10,736.64 11,238.80  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00 0.00 0.00 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00 0.00 0.00 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00 0.00 0.00 0.00  
  (d) Foreign Exchange Profit/(Loss) 3.51 8.39 (1.87) (2,217.66)  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 0.00 0.00 0.00 701.30  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 3,082.50 7,275.80 10,738.51 12,755.15  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 0.00 0.00 0.00 0.00  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00 0.00 0.00  
  (4) Other income 50,528.44 113,632.38 176,160.17 258,950.79  
  NON-INTEREST EXPENSES 258,335.59 550,064.82 928,924.02 1,259,771.10  
  (1) Compensation/Fringe Benefits 126,898.92 264,077.25 392,656.46 544,894.93  
  (2) Taxes and Licenses 6,626.98 14,073.50 20,309.00 26,507.80  
  (3) Fees and Commissions 508.09 1,050.39 1,755.60 1,995.39  
  (4) Other Administrative Expenses 94,724.47 202,808.86 311,637.35 446,705.60  
  (5) Depreciation/Amortization 18,702.70 38,073.99 59,292.67 79,013.89  
  (6) Impairment Losses 0.00 0.00 0.00 0.00  
  (7) Provisions 10,874.43 29,980.84 143,272.95 160,653.50  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (1,059.22) (2,928.14) (9,115.52) (8,685.50)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (1,617.51) (4,102.40) (11,235.03) (10,596.68)  
  (2) Bad Debts Written Off 0.00 0.00 (56.03) (2,324.55)  
  (3) Recovery on Charged-Off Assets 558.29 1,174.26 2,175.55 4,235.73  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 106,195.30 193,944.17 196,104.41 240,010.45  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 0.00 0.00 0.00 0.00  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 106,195.30 193,944.17 196,104.41 240,010.45  
  Income Tax Expense 0.00 0.00 0.00 1,014.95  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 106,195.30 193,944.17 196,104.41 238,995.50  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 106,195.30 193,944.17 196,104.41 238,995.50