12 Balance Sheet                          
                             
                             
  Universal and Commercial Bank Group                          
  as of end of periods indicated                          
  amounts in thousand Pesos                          
                             
   
  Selected Accounts Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11  
   
  TOTAL ASSETS  5,894,413,388.05 5,996,134,289.79 6,048,275,110.76 6,010,097,754.33 6,101,200,050.96 6,269,955,269.45 6,118,856,570.28 6,301,921,596.81 6,296,186,989.65 6,249,621,582.23 6,421,201,486.74 6,541,425,963.23  
  CASH AND DUE FROM BANKS 1,096,999,988.46 1,143,784,215.41 1,211,110,599.83 1,080,438,495.13 1,082,722,412.84 1,135,818,491.74 1,052,415,526.06 1,142,607,486.62 1,201,608,598.28 1,158,231,667.26 1,233,980,267.64 1,237,555,768.37  
  TLP (INCLUSIVE OF IBL AND RRPs) , NET  2,610,931,207.78 2,689,375,460.14 2,660,410,613.58 2,729,493,140.72 2,828,029,918.99 2,936,752,351.01 2,887,325,347.18 2,964,691,640.03 2,928,777,350.03 2,955,927,713.79 3,064,969,394.66 3,130,871,330.86  
  Total Loan Portfolio (TLP), gross  2,730,763,399.71 2,810,718,943.20 2,782,482,904.84 2,853,102,996.80 2,951,741,570.80 3,059,498,644.31 3,008,748,155.01 3,087,292,767.22 3,051,977,132.95 3,078,920,503.21 3,188,643,363.10 3,252,377,893.07  
  (a) Interbank Loans Receivable (IBL) 192,170,311.14 211,919,546.62 191,933,802.67 187,591,432.28 194,268,900.09 201,050,879.93 194,276,015.68 190,254,861.39 183,744,203.20 171,561,921.09 175,767,921.95 154,354,244.01  
  (b) Total Reverse Repurchase (RRPs) 214,609,767.91 247,991,685.73 208,896,044.52 231,719,250.40 232,766,436.50 257,816,654.27 236,123,215.26 269,676,774.64 211,542,339.88 237,036,223.12 252,127,144.68 253,745,421.12  
  of which:  
  Reverse Repurchase (RRPs) with BSP 212,656,000.00 247,014,000.00 206,524,000.00 226,193,000.00 227,758,000.00 255,619,000.00 231,497,000.00 265,713,000.00 208,367,000.00 235,618,000.00 241,992,000.00 249,205,000.00  
  Reverse Repurchase (RRPs) with Other Banks 0.00 0.00 0.00 0.00 0.00 0.00 100,000.00 1,400,000.00 0.00 0.00 500,000.00 0.00  
  (c) Loans and Receivable - Others, net of amortization 2,323,983,320.66 2,350,807,710.86 2,381,653,057.65 2,433,792,314.11 2,524,706,234.21 2,600,631,110.11 2,578,348,924.07 2,627,361,131.19 2,656,690,589.87 2,670,322,359.01 2,760,748,296.47 2,844,278,227.93  
  Allowance for Credit Losses  119,832,191.93 121,343,483.06 122,072,291.26 123,609,856.08 123,711,651.81 122,746,293.30 121,422,807.84 122,601,127.19 123,199,782.92 122,992,789.43 123,673,968.43 121,506,562.21  
  TLP, gross (exclusive of IBL) 2,538,593,088.57 2,598,799,396.59 2,590,549,102.17 2,665,511,564.51 2,757,472,670.71 2,858,447,764.38 2,814,472,139.33 2,897,037,905.83 2,868,232,929.75 2,907,358,582.13 3,012,875,441.15 3,098,023,649.05  
  TLP, gross (exclusive of IBL and RRP with BSP and Other Banks) 2,325,937,088.57 2,351,785,396.59 2,384,025,102.17 2,439,318,564.51 2,529,714,670.71 2,602,828,764.38 2,582,875,139.33 2,629,924,905.83 2,659,865,929.75 2,671,740,582.13 2,770,383,441.15 2,848,818,649.05  
  TOTAL INVESTMENTS, NET 1,727,549,318.07 1,690,513,466.78 1,718,665,454.30 1,748,207,911.51 1,730,285,706.21 1,743,960,557.90 1,719,539,499.04 1,727,684,761.65 1,720,131,724.49 1,678,324,044.00 1,661,110,705.45 1,716,996,283.11  
  (A) Financial Assets, net (Portfolio Investments) 1,598,446,123.99 1,561,104,841.35 1,588,077,475.53 1,616,489,841.59 1,597,165,910.42 1,609,358,204.66 1,583,942,959.96 1,590,112,670.85 1,580,971,539.24 1,539,312,406.64 1,519,465,539.91 1,569,790,110.10  
  Financial Assets, gross (net of amortization) 1,608,867,619.65 1,578,779,459.11 1,600,742,020.94 1,617,796,138.04 1,600,253,685.74 1,606,914,302.74 1,573,808,981.21 1,576,210,884.55 1,586,290,636.66 1,530,710,573.89 1,511,831,048.88 1,550,082,737.80  
  (1) Financial Assets Held for Trading (HFT) 184,799,016.02 160,460,692.96 171,595,849.37 192,923,180.34 171,990,575.54 191,511,583.87 206,391,202.95 209,967,612.25 187,411,152.48 186,241,339.21 182,033,939.13 150,101,190.42  
  (2) Financial Assets DFVPL 7,960,006.43 7,401,272.26 7,470,101.58 6,593,272.27 6,686,470.69 6,611,868.38 6,464,488.14 8,587,041.48 8,682,037.65 9,656,370.11 9,089,954.21 9,535,278.47  
  (3) Available-for-Sale (AFS) Financial Assets 724,733,179.62 716,644,524.42 707,121,697.86 738,819,819.49 740,089,829.51 746,168,142.18 710,273,974.87 711,768,627.09 733,822,639.44 758,956,365.52 736,960,635.74 812,113,084.67  
  (4) Held-to-Maturity (HTM) Financial Assets 501,366,701.65 506,790,860.19 526,268,497.85 489,749,881.36 490,914,698.02 474,013,403.49 464,269,844.69 462,488,829.86 470,845,358.15 415,833,898.07 420,184,579.82 417,448,515.57  
  (5) Unquoted Debt Securities Classified as Loans 165,850,499.74 163,423,628.46 164,242,176.02 165,783,601.88 166,509,856.95 164,856,982.26 162,890,619.43 159,857,442.11 161,779,042.27 136,219,592.90 139,641,254.41 139,964,242.78  
  (6) Investments in Non-Marketable Equity Securities 24,158,216.19 24,058,480.82 24,043,698.26 23,926,382.71 24,062,255.03 23,752,322.55 23,518,851.13 23,541,331.75 23,750,406.67 23,803,008.08 23,920,685.57 20,920,425.90  
  Accumulated Market Gains/Losses  16,077,579.40 8,170,747.81 12,915,725.62 22,643,168.46 20,624,049.87 26,447,037.82 34,110,328.31 37,813,623.64 18,810,059.96 32,669,095.10 31,876,457.37 43,562,467.14  
  Allowance for Credit Losses  26,499,075.06 25,845,365.57 25,580,271.03 23,949,464.92 23,711,825.19 24,003,135.91 23,976,349.56 23,911,837.34 24,129,157.37 24,067,262.35 24,241,966.34 23,855,094.85  
  (B) Equity Investment in Subsidiaries/Associates/Joint Ventures, net (Direct Investments) 129,103,194.08 129,408,625.43 130,587,978.77 131,718,069.92 133,119,795.79 134,602,353.25 135,596,539.08 137,572,090.80 139,160,185.25 139,011,637.36 141,645,165.54 147,206,173.01  
  ROPA, NET 107,449,284.35 106,774,594.72 105,115,402.01 103,981,969.81 103,705,902.37 102,394,132.87 101,435,952.51 100,014,062.24 98,966,564.88 97,918,243.40 96,963,222.58 93,930,328.77  
  Real and Other Properties Acquired (ROPA), gross 135,256,683.88 134,783,358.21 133,313,414.20 132,160,052.87 131,814,873.40 130,122,790.67 129,156,903.40 127,827,958.95 126,839,633.36 125,706,372.05 124,692,861.25 121,392,331.96  
  of which:  
  (1) Sales Contract Receivables, Gross 17,051,184.95 16,814,517.24 16,947,563.27 16,860,142.11 16,555,225.79 16,069,104.49 16,077,628.56 15,872,725.76 15,740,721.16 15,896,524.10 15,300,358.96 15,487,098.44  
  (a) Performing 10,872,910.39 10,430,402.34 10,585,468.13 10,231,846.43 10,470,941.37 10,602,402.57 10,392,062.68 10,187,763.64 10,108,050.81 10,210,193.26 9,529,487.03 9,728,919.64  
  (b) Non-Performing 6,178,274.55 6,384,114.90 6,362,095.13 6,628,295.68 6,084,284.42 5,466,701.92 5,685,565.88 5,684,962.12 5,632,670.36 5,686,330.84 5,770,871.93 5,758,178.80  
  Sales Contract Receivables, Net 16,807,226.72 16,560,006.21 16,518,736.76 16,430,291.33 16,128,619.69 15,636,695.24 15,653,891.38 15,452,541.75 15,318,704.75 15,476,075.78 14,883,147.50 15,064,834.00  
  (2) Non-Current Assets Held for Sale, Gross 14,260,251.75 14,183,185.05 13,791,902.33 13,413,187.06 12,951,018.60 12,671,295.77 12,971,102.84 13,034,644.28 12,897,028.15 12,961,859.49 12,690,761.91 12,096,578.53  
  Non-Current Assets Held for Sale, net 11,209,118.20 11,026,451.61 10,669,884.34 10,302,514.59 9,848,412.99 9,574,765.87 9,860,775.83 9,890,222.20 9,698,860.58 9,602,585.59 9,500,849.41 9,283,767.25  
  Unamortized Discount and Other Deferred Credits 66,140.47 63,591.15 62,256.50 59,946.58 57,407.36 59,717.12 58,865.36 57,649.76 56,902.52 57,483.30 56,592.10 54,474.18  
  Accummulated Depreciation 12,425,384.10 12,393,383.35 12,268,880.37 12,105,222.48 12,074,649.50 11,836,519.41 11,824,896.76 11,763,442.00 11,707,867.40 11,673,656.57 11,643,208.58 11,595,503.59  
  Allowance for Losses 15,315,874.97 15,551,788.99 15,866,875.32 16,012,914.00 15,976,914.18 15,832,421.28 15,837,188.77 15,992,804.95 16,108,298.55 16,056,988.79 16,029,837.99 15,812,025.41  
  OTHER ASSETS 351,483,589.40 365,686,552.75 352,973,041.04 347,976,237.17 356,456,110.55 351,029,735.93 358,140,245.50 366,923,646.27 346,702,751.97 359,219,913.80 364,177,896.40 362,072,252.12  
  LIABILITIES AND CAPITAL  
  LIABILITIES 5,191,649,993.22 5,290,271,968.52 5,327,971,522.98 5,274,925,733.22 5,362,625,202.46 5,524,180,494.80 5,356,407,347.13 5,528,232,316.17 5,530,103,005.15 5,459,792,854.33 5,624,786,100.23 5,726,731,050.18  
  FINANCIAL LIABILITIES HFT 46,057,433.92 45,700,038.72 45,131,132.11 57,437,796.70 41,054,861.38 37,039,288.76 64,948,787.32 68,177,665.72 47,971,829.32 59,209,298.37 40,927,373.56 40,756,247.27  
  FINANCIAL LIABILITIES DFVPL 6,335,220.17 6,350,372.18 6,437,455.58 6,548,408.85 6,426,088.31 6,457,945.69 6,483,113.44 6,585,426.64 6,571,729.28 6,562,918.76 6,546,129.64 6,525,903.16  
  DEPOSIT LIABILITIES 4,336,903,557.97 4,387,046,444.35 4,420,262,859.27 4,318,683,485.04 4,431,833,263.44 4,575,288,255.80 4,376,945,959.81 4,448,214,900.87 4,498,012,969.98 4,420,333,364.53 4,596,125,328.79 4,755,979,613.63  
  Peso Liabilities 3,283,533,307.36 3,343,502,491.48 3,391,099,741.47 3,274,470,937.52 3,384,838,841.16 3,516,686,767.30 3,337,737,971.11 3,407,532,417.47 3,468,205,088.44 3,417,066,283.56 3,558,243,028.71 3,740,378,196.96  
  Demand and NOW 892,661,078.11 909,312,605.88 874,744,897.97 882,415,379.81 897,642,941.99 886,689,635.68 887,447,911.09 918,283,519.85 912,711,514.80 917,679,780.01 957,511,265.36 989,028,615.79  
  Savings 1,677,899,681.66 1,719,862,739.28 1,697,956,495.31 1,663,427,391.73 1,713,957,925.31 1,749,620,445.76 1,733,751,902.08 1,748,156,206.16 1,756,539,415.63 1,756,595,038.79 1,782,829,023.44 1,921,473,807.16  
  Time 678,235,614.24 679,567,214.91 783,614,230.30 693,820,343.66 738,405,945.59 845,520,657.39 681,658,129.92 703,037,842.61 760,875,043.09 704,687,841.56 781,694,012.99 790,263,584.78  
  LTNCD 34,736,933.36 34,759,931.41 34,784,117.89 34,807,822.32 34,832,028.26 34,856,028.47 34,880,028.02 38,054,848.85 38,079,114.92 38,103,623.19 36,208,726.92 39,612,189.23  
  Foreign Currency 1,053,370,250.60 1,043,543,952.88 1,029,163,117.80 1,044,212,547.52 1,046,994,422.28 1,058,601,488.51 1,039,207,988.70 1,040,682,483.40 1,029,807,881.54 1,003,267,080.97 1,037,882,300.08 1,015,601,416.66  
  Demand and NOW 34,575,114.45 36,675,781.67 33,340,748.64 32,394,491.92 33,879,537.97 33,182,137.83 34,120,736.80 33,186,551.43 32,507,325.64 32,243,396.98 31,891,365.60 35,237,715.14  
  Savings 424,836,881.20 426,046,407.68 431,372,782.93 444,914,867.52 458,023,918.80 459,694,383.60 445,020,814.70 450,285,461.34 449,420,736.22 435,303,175.72 447,875,687.19 433,157,891.37  
  Time 593,958,254.95 580,821,763.53 564,449,586.23 566,903,188.08 555,090,965.51 565,724,967.07 560,066,437.20 557,210,470.62 547,879,819.69 535,720,508.26 558,115,247.28 547,205,810.16  
  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 119,613,494.02 138,245,827.65 123,989,098.72 137,371,353.82 136,858,195.99 103,329,658.40 140,379,812.41 176,000,060.11 181,500,393.00 185,153,375.17 180,703,299.05 136,984,813.42  
  BILLS PAYABLE 291,561,829.38 302,827,469.17 332,410,364.07 346,958,868.73 327,306,496.06 366,922,308.73 341,073,795.63 370,948,878.10 379,005,175.79 358,010,853.17 344,305,580.37 354,111,525.26  
  BONDS PAYABLE 24,268,410.75 23,883,525.40 36,796,514.93 36,297,882.73 36,680,845.19 36,750,129.56 35,672,242.84 35,806,604.18 37,028,298.80 36,098,833.17 36,964,504.58 37,103,442.54  
  UNSECURED SUBORDINATED DEBT, NET 99,795,842.69 99,709,616.91 99,704,275.09 99,636,143.84 99,724,794.94 114,736,195.32 114,525,438.26 109,078,203.39 108,024,904.20 107,990,376.48 108,003,980.33 107,711,975.67  
  REDEEMABLE PREFERRED SHARES 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00  
  DERIVATIVES WITH NEGATIVE FAIR VALUE HELD FOR HEDGING 447,563.61 429,688.14 419,710.84 406,903.66 409,909.87 428,521.03 408,388.39 466,359.98 477,417.50 456,161.02 483,138.74 483,427.28  
  OTHER LIABILITIES 266,666,540.71 286,078,886.00 262,820,012.37 271,584,789.84 282,330,647.28 283,228,091.51 275,969,709.02 312,954,117.17 271,510,187.29 285,977,573.66 310,726,665.17 287,074,001.95  
  TOTAL CAPITAL ACCOUNTS  702,763,394.82 705,862,321.27 720,303,587.78 735,172,021.12 738,574,848.50 745,774,774.65 762,449,223.16 773,689,280.64 766,083,984.50 789,828,727.91 796,415,386.51 814,694,913.05  
  Capital Stock 322,334,856.75 322,334,899.95 324,452,485.05 324,395,051.71 325,866,276.49 329,131,252.22 329,969,868.38 333,352,995.48 338,393,874.84 338,393,829.99 339,876,634.81 341,382,721.21  
  Retained Earnings & Undivided Profits 237,340,755.63 240,933,391.29 246,571,774.02 251,051,751.84 255,707,834.48 254,085,867.95 260,733,825.33 264,045,374.03 268,934,642.86 277,877,966.67 283,784,289.72 286,274,159.72  
  Other Comprehensive Income 13,558,114.81 5,555,481.07 9,780,293.82 20,707,166.23 19,027,128.25 24,520,083.53 34,286,647.99 37,793,653.88 19,460,091.63 34,733,591.48 33,722,572.84 45,382,328.24  
  Appraisal Increment Reserves 1,742,947.47 1,727,928.50 1,684,537.71 1,710,490.44 1,710,490.44 1,610,625.28 1,610,625.28 1,610,625.28 1,556,045.54 1,556,045.54 1,556,045.54 1,476,555.37  
  Other Capital 127,786,720.16 135,310,620.46 137,814,497.17 137,307,560.91 136,263,118.83 136,426,945.67 135,848,256.18 136,886,631.98 137,739,329.64 137,267,294.23 137,475,843.60 140,179,148.51