21 Balance Sheet                          
                             
                             
  Universal 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  5,065,300,558.13 5,155,325,769.53 5,243,458,162.16 5,160,369,305.87 5,282,021,528.81 5,466,473,100.09 5,263,975,134.82 5,433,736,842.03 5,445,274,783.45 5,388,451,263.56 5,533,048,216.36 5,663,401,803.80  
  CASH AND DUE FROM BANKS 920,457,514.01 974,091,525.98 1,057,643,676.87 927,261,856.57 931,832,060.48 989,649,894.25 884,009,357.65 961,458,352.94 1,026,737,034.32 941,376,706.51 1,029,213,765.25 1,035,106,316.64  
  TLP (INCLUSIVE OF IBL AND RRPs) , NET  2,229,792,257.68 2,291,878,613.55 2,278,435,886.17 2,317,358,003.50 2,430,840,222.20 2,561,100,945.40 2,475,619,506.57 2,545,932,153.16 2,518,697,691.99 2,566,203,806.68 2,640,331,375.12 2,716,971,948.22  
  Total Loan Portfolio (TLP), gross  2,332,394,776.46 2,395,923,958.33 2,383,209,523.80 2,422,806,058.75 2,536,200,570.61 2,666,656,356.07 2,581,642,409.64 2,653,134,524.11 2,626,770,862.57 2,674,410,470.56 2,749,329,678.24 2,822,810,658.22  
  (a) Interbank Loans Receivable (IBL) 156,938,022.83 166,924,656.52 154,804,994.66 151,156,137.84 151,870,105.12 164,894,873.05 147,892,404.31 149,107,270.11 141,420,962.23 132,504,018.20 138,797,850.60 118,333,308.90  
  (b) Total Reverse Repurchase (RRPs) 133,872,000.00 163,499,000.00 139,438,000.00 133,293,000.00 161,359,000.00 201,053,000.00 152,152,000.00 182,990,000.00 143,151,000.00 182,919,000.00 173,009,000.00 187,384,000.00  
  of which:  
  Reverse Repurchase (RRPs) with BSP 133,872,000.00 163,499,000.00 139,438,000.00 133,293,000.00 161,359,000.00 201,053,000.00 152,052,000.00 181,590,000.00 143,151,000.00 182,919,000.00 172,509,000.00 187,384,000.00  
  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 2,041,584,753.63 2,065,500,301.81 2,088,966,529.13 2,138,356,920.91 2,222,971,465.49 2,300,708,483.02 2,281,598,005.33 2,321,037,254.00 2,342,198,900.33 2,358,987,452.36 2,437,522,827.64 2,517,093,349.32  
  Allowance for Credit Losses  102,602,518.78 104,045,344.78 104,773,637.63 105,448,055.25 105,360,348.41 105,555,410.67 106,022,903.08 107,202,370.95 108,073,170.58 108,206,663.89 108,998,303.12 105,838,710.01  
  TLP, gross (exclusive of IBL) 2,175,456,753.64 2,228,999,301.81 2,228,404,529.13 2,271,649,920.91 2,384,330,465.49 2,501,761,483.02 2,433,750,005.33 2,504,027,254.00 2,485,349,900.33 2,541,906,452.36 2,610,531,827.64 2,704,477,349.32  
  TLP, gross (exclusive of IBL and RRP with BSP and Other Banks) 2,041,584,753.64 2,065,500,301.81 2,088,966,529.13 2,138,356,920.91 2,222,971,465.49 2,300,708,483.02 2,281,598,005.33 2,321,037,254.00 2,342,198,900.33 2,358,987,452.36 2,437,522,827.64 2,517,093,349.32  
  TOTAL INVESTMENTS, NET 1,532,330,971.04 1,503,768,000.15 1,523,930,358.97 1,538,272,275.07 1,530,910,065.00 1,537,752,618.30 1,521,787,044.27 1,530,798,842.20 1,523,354,285.82 1,494,884,162.55 1,480,813,039.90 1,535,336,874.69  
  (A) Financial Assets, net (Portfolio Investments) 1,404,208,990.48 1,375,374,792.90 1,394,362,815.81 1,407,484,708.04 1,398,734,078.40 1,404,099,974.66 1,387,143,367.98 1,395,485,006.77 1,386,453,362.18 1,358,178,776.10 1,341,440,423.23 1,390,406,836.27  
  Financial Assets, gross (net of amortization) 1,411,035,262.65 1,388,935,675.02 1,403,583,524.00 1,405,957,409.32 1,399,173,599.55 1,399,039,633.00 1,374,686,280.13 1,379,709,441.36 1,387,855,518.89 1,346,634,202.35 1,330,760,026.23 1,368,866,002.67  
  (1) Financial Assets Held for Trading (HFT) 147,874,623.76 124,887,904.81 126,117,430.45 140,071,400.09 139,713,447.22 156,425,278.18 164,838,046.33 172,345,969.65 152,169,806.11 154,193,625.64 155,847,082.52 130,085,328.06  
  (2) Financial Assets DFVPL 7,846,722.27 7,289,791.77 7,359,105.53 6,483,785.36 6,575,832.82 6,518,069.70 6,373,265.36 8,495,515.58 8,587,394.76 9,564,108.32 8,995,484.57 9,440,375.95  
  (3) Available-for-Sale (AFS) Financial Assets 631,404,289.38 629,071,490.74 633,608,156.55 658,543,304.08 651,378,568.74 653,352,532.52 620,405,563.05 620,150,113.79 638,765,800.16 666,235,046.69 642,005,868.96 714,062,625.56  
  (4) Held-to-Maturity (HTM) Financial Assets 458,111,978.55 464,191,739.63 472,312,127.97 435,883,333.03 436,832,451.48 419,795,999.17 420,710,345.79 419,005,098.04 426,835,412.86 372,276,193.66 376,317,532.85 370,331,313.42  
  (5) Unquoted Debt Securities Classified as Loans 142,281,280.11 140,084,800.47 140,804,931.74 141,711,163.85 141,278,513.71 139,863,063.44 139,506,746.79 136,838,077.95 138,424,404.74 121,240,402.38 124,353,900.68 124,706,016.75  
  (6) Investments in Non-Marketable Equity Securities 23,516,368.59 23,409,947.60 23,381,771.76 23,264,422.92 23,394,785.57 23,084,690.00 22,852,312.81 22,874,666.35 23,072,700.26 23,124,825.66 23,240,156.66 20,240,342.92  
  Accumulated Market Gains/Losses  16,862,574.40 9,532,055.38 14,053,286.20 23,123,630.97 20,808,410.11 26,599,817.29 33,926,122.36 37,253,859.81 20,112,017.70 33,006,698.80 32,284,507.80 42,871,220.86  
  Allowance for Credit Losses  23,688,846.58 23,092,937.50 23,273,994.39 21,596,332.26 21,247,931.26 21,539,475.63 21,469,034.51 21,478,294.39 21,514,174.41 21,462,125.05 21,604,110.80 21,330,387.25  
  (B) Equity Investment in Subsidiaries/Associates/Joint Ventures, net (Direct Investments) 128,121,980.56 128,393,207.24 129,567,543.16 130,787,567.03 132,175,986.60 133,652,643.64 134,643,676.29 135,313,835.43 136,900,923.64 136,705,386.45 139,372,616.67 144,930,038.42  
  ROPA, NET 96,854,804.26 96,209,522.73 94,568,604.60 93,645,996.98 93,339,181.63 92,136,029.59 91,328,195.04 89,990,984.19 89,002,653.26 87,992,337.82 87,059,465.09 84,153,718.98  
  Real and Other Properties Acquired (ROPA), gross 122,833,845.02 122,385,945.79 120,916,869.39 119,951,301.41 119,552,939.21 118,017,295.66 117,200,342.76 115,967,228.98 115,001,761.08 113,935,480.52 112,966,469.34 109,795,638.45  
  of which:  
  (1) Sales Contract Receivables, Gross 14,528,770.24 14,300,934.18 14,441,903.40 14,367,167.85 14,073,954.08 13,533,930.12 13,442,038.35 13,232,189.52 13,161,615.67 13,297,640.01 12,719,297.36 12,934,286.79  
  (a) Performing 9,364,017.91 8,890,831.08 9,058,458.27 8,694,236.23 8,865,727.70 8,959,539.44 8,671,842.47 8,482,113.13 8,434,569.98 8,563,543.84 7,941,221.51 8,058,877.49  
  (b) Non-Performing 5,164,752.33 5,410,103.10 5,383,445.12 5,672,931.62 5,208,226.38 4,574,390.68 4,770,195.88 4,750,076.39 4,727,045.69 4,734,096.16 4,778,075.84 4,875,409.30  
  Sales Contract Receivables, Net 14,296,500.84 14,058,111.97 14,024,765.71 13,949,005.89 13,660,006.68 13,117,285.99 13,034,066.29 12,827,770.62 12,755,738.63 12,893,331.07 12,318,225.27 12,536,145.03  
  (2) Non-Current Assets Held for Sale, Gross 12,479,635.19 12,428,370.50 11,948,221.56 11,757,154.97 11,300,485.15 11,208,822.96 11,544,917.95 11,669,498.94 11,601,912.71 11,700,814.20 11,471,084.18 10,646,354.59  
  Non-Current Assets Held for Sale, net 9,483,347.66 9,328,458.53 8,886,238.53 8,696,726.22 8,249,316.25 8,168,205.41 8,494,587.40 8,601,602.43 8,479,407.76 8,399,242.78 8,338,328.72 7,899,756.32  
  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 11,426,542.04 11,435,748.88 11,315,509.35 11,151,055.48 11,092,894.66 10,902,744.68 10,890,256.55 10,840,915.13 10,770,386.85 10,734,569.05 10,725,978.36 10,681,405.85  
  Allowance for Losses 14,486,358.25 14,677,083.04 14,970,498.94 15,094,302.36 15,063,455.57 14,918,804.27 14,923,025.81 15,077,679.91 15,171,818.45 15,151,090.35 15,124,433.78 14,906,039.45  
  OTHER ASSETS 285,865,011.14 289,378,107.13 288,879,635.55 283,831,173.75 295,099,999.50 285,833,612.55 291,231,031.29 305,556,509.55 287,483,118.06 297,994,250.01 295,630,571.00 291,832,945.28  
  LIABILITIES AND CAPITAL  
  LIABILITIES 4,476,295,762.32 4,570,713,212.80 4,647,465,983.00 4,548,663,192.92 4,663,444,211.19 4,842,363,889.37 4,625,830,468.91 4,785,559,126.00 4,804,132,006.43 4,725,699,591.84 4,864,567,623.90 4,981,806,109.57  
  FINANCIAL LIABILITIES HFT 32,213,088.82 32,494,668.76 31,642,581.50 42,544,818.97 33,365,470.03 29,034,864.27 54,585,200.42 57,774,361.00 39,285,755.27 47,042,020.44 33,558,348.64 30,165,631.84  
  FINANCIAL LIABILITIES DFVPL 6,324,040.62 6,339,370.67 6,393,550.14 6,504,503.41 6,365,287.68 6,412,047.45 6,437,234.45 6,538,688.96 6,525,048.07 6,516,164.62 6,499,638.15 6,479,169.52  
  DEPOSIT LIABILITIES 3,771,426,997.54 3,837,179,365.98 3,876,188,997.21 3,768,201,874.18 3,866,470,203.30 4,028,618,800.92 3,803,541,007.72 3,872,465,059.00 3,948,834,418.26 3,867,054,691.61 4,030,421,624.84 4,174,490,832.55  
  Peso Liabilities 2,902,060,371.90 2,976,325,335.31 3,027,416,856.08 2,903,716,310.73 2,998,910,518.83 3,135,297,507.59 2,937,876,674.45 3,001,348,319.46 3,082,187,447.98 3,023,006,481.26 3,159,943,675.80 3,316,235,091.42  
  Demand and NOW 752,623,102.26 766,981,222.04 740,859,606.62 741,259,227.84 751,466,958.70 745,104,172.87 744,667,858.66 764,114,758.40 768,545,285.75 773,989,263.87 807,107,041.44 827,410,736.72  
  Savings 1,545,854,269.56 1,599,798,833.81 1,577,869,237.89 1,548,051,987.35 1,585,461,850.54 1,620,935,424.99 1,596,367,308.13 1,605,239,423.19 1,627,149,529.66 1,622,828,305.04 1,655,608,445.70 1,784,044,054.68  
  Time 572,389,086.46 578,338,753.20 677,467,739.75 583,171,616.02 630,734,576.97 737,997,386.13 565,567,650.45 597,556,182.77 652,041,191.68 591,723,801.08 664,668,869.48 668,828,472.57  
  LTNCD 31,193,913.62 31,206,526.25 31,220,271.82 31,233,479.52 31,247,132.63 31,260,523.60 31,273,857.21 34,437,955.09 34,451,440.89 34,465,111.27 32,559,319.19 35,951,827.45  
  Foreign Currency 869,366,625.65 860,854,030.67 848,772,141.14 864,485,563.45 867,559,684.47 893,321,293.33 865,664,333.28 871,116,739.55 866,646,970.28 844,048,210.35 870,477,949.04 858,255,741.13  
  Demand and NOW 10,274,376.28 11,437,112.11 8,955,701.30 7,610,103.18 9,214,181.39 8,322,195.73 8,500,505.99 8,115,180.47 8,985,150.27 8,801,112.38 8,644,092.86 9,896,408.29  
  Savings 353,626,281.89 350,699,604.25 358,827,563.20 364,092,867.58 374,756,320.87 389,276,755.07 365,979,795.80 376,396,771.90 380,537,527.56 366,986,940.12 370,450,005.12 366,186,076.89  
  Time 505,465,967.48 498,717,314.31 480,988,876.64 492,782,592.69 483,589,182.21 495,722,342.53 491,184,031.48 486,604,787.18 477,124,292.45 468,260,157.86 491,383,851.06 482,173,255.94  
  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 63,319,855.40 79,725,139.53 83,240,663.56 66,410,385.39 92,145,735.59 67,757,346.20 82,176,465.89 110,575,927.27 101,286,983.48 102,567,677.81 94,358,670.11 75,011,658.24  
  BILLS PAYABLE 266,180,317.71 274,557,267.43 303,949,375.19 315,622,577.52 294,588,473.32 332,429,438.42 307,542,579.74 334,460,617.27 341,670,743.82 324,583,789.95 312,364,200.71 321,996,282.93  
  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 95,401,708.27 95,304,654.67 95,286,071.33 95,206,030.57 95,281,437.19 110,280,510.21 110,056,561.66 104,596,542.87 103,530,870.49 103,482,811.77 103,492,135.33 103,493,068.35  
  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 447,563.61 429,688.14 419,710.84 406,903.66 409,909.87 428,521.03 408,388.39 466,359.98 477,033.65 456,161.02 445,738.73 458,457.77  
  OTHER LIABILITIES 216,713,679.60 220,799,432.21 213,548,418.30 217,468,116.48 238,136,749.01 230,652,131.30 225,410,687.79 262,874,865.47 225,492,754.57 237,897,341.46 246,462,662.80 232,607,465.83  
  TOTAL CAPITAL ACCOUNTS  589,004,795.81 584,612,556.73 595,992,179.16 611,706,112.95 618,577,317.62 624,109,210.72 638,144,665.91 648,177,716.03 641,142,777.02 662,751,671.72 668,480,592.46 681,595,694.23  
  Capital Stock 267,840,756.37 267,840,756.37 269,958,393.26 269,900,923.93 269,899,746.73 270,972,352.90 271,810,962.65 275,194,061.55 278,728,685.72 278,728,670.72 278,724,749.40 278,724,749.40  
  Retained Earnings & Undivided Profits 231,517,035.92 235,093,837.87 240,345,409.65 245,874,857.56 249,562,381.43 248,475,725.59 254,664,711.34 257,713,938.07 262,761,547.59 270,832,296.87 276,791,950.52 278,930,936.26  
  Other Comprehensive Income 14,900,977.49 7,194,513.89 11,309,769.11 21,758,900.91 19,835,742.87 25,353,593.90 32,779,318.22 36,330,882.17 20,207,991.69 34,132,413.53 33,547,432.25 44,453,318.93  
  Appraisal Increment Reserves 1,333,958.88 1,318,939.91 1,275,549.12 1,275,549.12 1,275,549.12 1,275,549.12 1,275,549.12 1,275,549.12 1,275,615.58 1,275,615.58 1,275,615.58 1,275,615.58  
  Other Capital 73,412,067.16 73,164,508.70 73,103,058.02 72,895,881.44 78,003,897.48 78,031,989.22 77,614,124.58 77,663,285.13 78,168,936.45 77,782,675.02 78,140,844.71 78,211,074.06