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-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 4.20 4.04 4.07 4.03 3.85 3.64 3.67 3.77 3.77 3.80 3.65 3.42  
  Past Due Loans 114,639,625.29 113,455,924.79 113,244,013.55 114,947,036.79 113,783,456.66 111,324,522.38 110,448,713.80 116,325,440.65 115,118,331.78 117,105,811.34 116,233,811.11 111,185,432.05  
  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  
  RL to TLP 1.65 1.57 1.54 1.48 1.39 1.36 1.36 1.34 1.34 1.33 1.28 1.24  
  Restructured Loans (RL), gross 44,957,847.57 44,102,982.18 42,825,215.00 42,205,136.40 41,160,066.69 41,477,429.35 40,997,096.39 41,217,341.08 40,981,256.73 40,848,856.91 40,685,547.28 40,231,576.26  
  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  
  Loan Loss Reserves (LLR) to TLP 3.53 3.51 3.59 3.57 3.45 3.09 3.10 3.06 3.04 3.02 2.92 2.82  
  Allowance for Credit Losses (ACL) - TLP 95,596,751.67 97,791,600.98 99,197,417.90 101,010,435.56 101,002,288.28 93,548,321.23 92,218,242.77 93,503,708.93 91,944,064.70 92,141,151.89 92,106,050.42 90,903,349.26  
  TLP, gross  2,706,527,959.44 2,787,167,061.12 2,759,608,031.48 2,830,503,576.27 2,929,032,207.27 3,030,300,672.23 2,979,543,589.95 3,058,195,348.96 3,020,721,414.73 3,048,068,865.67 3,157,075,445.09 3,221,774,680.11  
  NPL Ratio 3.01 2.93 2.99 2.95 2.80 2.45 2.45 2.52 2.46 2.54 2.39 2.23  
  Non-Performing Loans (NPL) 81,382,575.51 81,785,138.76 82,410,456.12 83,438,261.55 81,911,583.18 74,142,736.02 73,048,555.98 76,959,539.68 74,325,754.10 77,382,541.95 75,374,805.05 71,937,841.89  
  TLP, gross  2,706,527,959.44 2,787,167,061.12 2,759,608,031.48 2,830,503,576.27 2,929,032,207.27 3,030,300,672.23 2,979,543,589.95 3,058,195,348.96 3,020,721,414.73 3,048,068,865.67 3,157,075,445.09 3,221,774,680.11  
  NPL Ratio, net of IBL 3.24 3.18 3.21 3.16 3.00 2.62 2.62 2.68 2.62 2.69 2.53 2.35  
  NPL 81,382,575.51 81,785,138.76 82,410,456.12 83,438,261.55 81,911,583.18 74,142,736.02 73,048,555.98 76,959,539.68 74,325,754.10 77,382,541.95 75,374,805.05 71,937,841.89  
  TLP, gross net of IBL 2,514,357,648.31 2,575,247,514.50 2,567,674,228.81 2,642,912,143.99 2,734,763,307.19 2,829,249,792.31 2,785,267,574.26 2,867,940,487.57 2,836,977,211.53 2,876,506,944.58 2,981,307,523.14 3,067,420,436.10  
  NPL Coverage Ratio 117.47 119.57 120.37 121.06 123.31 126.17 126.24 121.50 123.70 119.07 122.20 126.36  
  ACL - TLP 95,596,751.67 97,791,600.98 99,197,417.90 101,010,435.56 101,002,288.28 93,548,321.23 92,218,242.77 93,503,708.93 91,944,064.70 92,141,151.89 92,106,050.42 90,903,349.26  
  Gross NPL 81,382,575.51 81,785,138.76 82,410,456.12 83,438,261.55 81,911,583.18 74,142,736.02 73,048,555.98 76,959,539.68 74,325,754.10 77,382,541.95 75,374,805.05 71,937,841.89  
  NPA to Gross Assets  3.42 3.37 3.32 3.35 3.26 3.03 3.07 3.03 2.98 3.03 2.91 2.76  
  Non-Performing Assets (NPA) 205,766,349.00 206,138,094.63 205,138,402.19 205,366,467.99 203,255,515.21 193,663,124.13 191,813,396.70 194,599,734.99 191,057,336.65 192,878,720.75 190,538,179.27 183,601,254.20  
  (1) Gross NPL 81,382,575.51 81,785,138.76 82,410,456.12 83,438,261.55 81,911,583.18 74,142,736.02 73,048,555.98 76,959,539.68 74,325,754.10 77,382,541.95 75,374,805.05 71,937,841.89  
  (2) ROPA, gross 124,383,773.49 124,352,955.87 122,727,946.07 121,928,206.44 121,343,932.03 119,520,388.11 118,764,840.73 117,640,195.31 116,731,582.55 115,496,178.80 115,163,374.22 111,663,412.32  
  Gross Assets 6,017,751,398.79 6,121,871,063.11 6,175,608,284.35 6,139,226,326.36 6,230,253,902.92 6,391,172,531.37 6,238,736,898.59 6,423,181,552.70 6,415,947,220.31 6,369,493,379.48 6,540,980,583.72 6,659,736,841.49  
  (1) 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  
  (2) Allowance on NPA 123,338,010.74 125,736,773.33 127,333,173.59 129,128,572.03 129,053,851.96 121,217,261.91 119,880,328.30 121,259,955.89 119,760,230.66 119,871,797.25 119,779,096.98 118,310,878.26  
  NPA Coverage Ratio 59.94 61.00 62.07 62.88 63.49 62.59 62.50 62.31 62.68 62.15 62.86 64.44  
  Allowance on NPA 123,338,010.74 125,736,773.33 127,333,173.59 129,128,572.03 129,053,851.96 121,217,261.91 119,880,328.30 121,259,955.89 119,760,230.66 119,871,797.25 119,779,096.98 118,310,878.26  
  NPA 205,766,349.00 206,138,094.63 205,138,402.19 205,366,467.99 203,255,515.21 193,663,124.13 191,813,396.70 194,599,734.99 191,057,336.65 192,878,720.75 190,538,179.27 183,601,254.20  
  Distressed Assets Ratio 8.08 7.82 7.81 7.63 7.35 6.78 6.88 6.82 6.78 6.79 6.49 6.15  
  Distressed Assets 229,591,574.94 228,533,000.79 225,878,985.27 226,042,488.73 224,919,423.17 214,245,352.26 213,942,451.34 217,282,598.58 213,284,106.40 215,644,870.82 213,133,624.43 205,756,266.32  
  NPA 205,766,349.00 206,138,094.63 205,138,402.19 205,366,467.99 203,255,515.21 193,663,124.13 191,813,396.70 194,599,734.99 191,057,336.65 192,878,720.75 190,538,179.27 183,601,254.20  
  RL, Performing 23,825,225.94 22,394,906.16 20,740,583.07 20,676,020.74 21,663,907.95 20,582,228.13 22,129,054.64 22,682,863.59 22,226,769.75 22,766,150.07 22,595,445.16 22,155,012.11  
  TLP, gross  2,706,527,959.44 2,787,167,061.12 2,759,608,031.48 2,830,503,576.27 2,929,032,207.27 3,030,300,672.23 2,979,543,589.95 3,058,195,348.96 3,020,721,414.73 3,048,068,865.67 3,157,075,445.09 3,221,774,680.11  
  Total ROPA 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  
  (1) ROPA, gross 124,383,773.49 124,352,955.87 122,727,946.07 121,928,206.44 121,343,932.03 119,520,388.11 118,764,840.73 117,640,195.31 116,731,582.55 115,496,178.80 115,163,374.22 111,663,412.32  
  (2) Performing SCR 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  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 25.29 26.07 27.40 25.02 24.43 24.83 24.04 25.69 26.71 26.20 26.85 26.02  
  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  
  Deposits 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  
  (2) Liquid Assets to Deposits Ratio 62.15 61.66 63.33 62.45 60.47 60.00 60.23 61.43 61.86 61.03 59.91 59.03  
  Liquid Assets, sum of: 2,695,446,112.45 2,704,889,056.76 2,799,188,075.36 2,696,928,336.72 2,679,888,323.26 2,745,176,696.40 2,636,358,486.01 2,732,720,157.47 2,782,580,137.52 2,697,544,073.90 2,753,445,807.55 2,807,345,878.47  
  (1) 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  
  (2) Financial Assets, net (excl. equity 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  
  Deposits 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  
  (3) Loans (gross) to Deposits 62.97 64.07 62.95 66.06 66.60 66.87 68.74 69.41 67.85 69.65 69.38 68.39  
  Loans (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  
  Deposits 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  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.50 1.56 1.52 1.46  
  Annualized Net Profit or Loss  86,470,991.48 92,227,825.74 90,959,502.02 92,633,799.53  
  Average Assets 5,752,371,531.77 5,927,357,069.21 5,981,038,519.72 6,336,590,441.61  
  Total Assets (last year) 5,456,467,952.79 5,584,758,868.98 5,665,890,049.80 6,131,754,919.98  
  Total Assets (current year) 6,048,275,110.76 6,269,955,269.45 6,296,186,989.65 6,541,425,963.23  
  (2) Return on Equity (ROE) 13.03 13.30 12.44 12.14  
  Annualized Net Profit or Loss  86,470,991.48 92,227,825.74 90,959,502.02 92,633,799.53  
  Average Capital 663,850,808.09 693,603,827.36 731,380,735.09 763,117,836.76  
  Total Capital (last year) 607,398,028.41 641,432,880.08 696,677,485.68 711,540,760.47  
  Total Capital (current year) 720,303,587.78 745,774,774.65 766,083,984.50 814,694,913.05  
  (3) Earning Asset Yield 5.45 5.31 5.38 5.13  
  Annualized Interest Income 277,881,958.58 280,373,670.76 285,865,409.62 288,134,188.92  
  Average Earning Assets 5,096,984,494.12 5,280,930,971.73 5,316,842,968.47 5,617,451,326.90  
  Earning Assets (last year) 4,788,538,393.18 4,949,689,450.36 4,988,220,539.44 5,427,118,776.42  
  Earning Assets (current year) 5,405,430,595.05 5,612,172,493.10 5,645,465,397.49 5,807,783,877.39  
  (4) Funding Cost 1.92 1.86 1.91 1.82  
  Annualized Interest Expense 90,964,107.62 91,063,828.89 93,071,124.63 93,921,488.41  
  Average Interest Bearing Liabilities 4,747,763,678.97 4,885,009,028.67 4,868,693,722.67 5,167,936,603.39  
  Interest Bearing Liabilities (last year) 4,553,916,471.92 4,631,972,100.62 4,659,834,856.69 5,032,745,844.13  
  Interest Bearing Liabilities (current year) 4,941,610,886.02 5,138,045,956.72 5,077,552,588.66 5,303,127,362.64  
  (5) Interest Spread 3.54 3.45 3.46 3.31  
  (3) Earning Asset Yield 5.45 5.31 5.38 5.13  
  (4) Funding Cost 1.92 1.86 1.91 1.82  
  (6) Net Interest Margin 3.67 3.58 3.62 3.45  
  Annualized Net Interest Income 186,813,831.81 189,140,980.32 192,650,853.68 194,025,809.41  
  Average Earning Assets 5,096,984,494.12 5,280,930,971.73 5,316,842,968.47 5,617,451,326.90  
  (7) Cost to Income Ratio 61.50 61.39 62.61 63.98  
  Annualized Non-Interest Expenses 186,999,253.26 192,913,874.73 192,831,194.10 199,780,435.83  
  Annualized Total Operating Income 304,078,389.24 314,262,392.02 308,002,808.27 312,278,808.67  
  (8) Net Interest Income to Total Operating Income 61.44 60.19 62.55 62.13  
  Annualized Net Interest Income  186,813,831.81 189,140,980.32 192,650,853.68 194,025,809.41  
  Annualized Total Operating Income 304,078,389.24 314,262,392.02 308,002,808.27 312,278,808.67  
  (9) Non-interest Income to Total Operating Income 38.56 39.81 37.45 37.87  
  Annualized Non-Interest Income 117,264,557.43 125,121,411.70 115,351,954.59 118,252,999.26  
  Annualized Total Operating Income 304,078,389.24 314,262,392.02 308,002,808.27 312,278,808.67  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 16.42 16.31 16.35 16.66  
  Capital Adequacy Ratio - Conso 17.42 17.32 17.43 17.72  
  Total Capital Accounts to Total Assets 11.92 11.77 11.91 12.23 12.11 11.89 12.46 12.28 12.17 12.64 12.40 12.45