59 Income Statement          
             
             
  Cooperative Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-11 Jun-11 Sep-11 Dec-11  
   
  TOTAL OPERATING INCOME   380,018.00 770,786.78 1,229,606.51 1,676,867.35  
  Interest Income 451,990.25 918,798.31 1,448,692.11 1,953,467.74  
  Interest Expense 221,335.84 455,883.92 707,699.97 923,388.29  
  Provision for Losses on Accrued Interest Income from Financial Assets 0.00 0.00 0.00 0.00  
  Net Interest Income 230,654.40 462,914.39 740,992.14 1,030,079.45  
  Non-Interest income 149,363.60 307,872.38 488,614.38 646,787.91  
  (1) Dividend Income 0.00 90.60 36.04 165.23  
  (2) Fees and Commissions Income 93,572.21 176,795.34 266,706.84 330,898.31  
  (3) Trading Income 5,178.11 9,766.64 14,851.57 18,796.44  
  (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) 13.28 14.62 23.67 (3,943.95)  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 0.00 0.00 (1.01) 0.00  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 5,164.83 9,752.02 14,828.91 22,740.39  
  (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 50,613.27 121,219.79 207,019.92 296,927.94  
  NON-INTEREST EXPENSES 288,367.21 734,242.22 1,085,179.74 1,466,527.98  
  (1) Compensation/Fringe Benefits 131,452.83 278,157.17 426,775.90 613,692.69  
  (2) Taxes and Licenses 7,420.65 13,187.21 23,745.34 31,217.82  
  (3) Fees and Commissions 245.97 8,375.03 12,287.45 18,702.94  
  (4) Other Administrative Expenses 108,668.58 226,418.19 359,832.01 495,075.51  
  (5) Depreciation/Amortization 21,884.77 43,635.62 67,086.71 89,556.55  
  (6) Impairment Losses 204.89 208.53 1,388.67 1,523.89  
  (7) Provisions 18,489.51 164,260.46 194,063.65 216,758.58  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (3,280.14) (7,791.45) (11,699.24) (16,742.05)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (4,604.06) (7,192.09) (12,229.98) (16,921.15)  
  (2) Bad Debts Written Off 0.00 (1,788.34) (2,879.64) (3,175.08)  
  (3) Recovery on Charged-Off Assets 1,323.92 1,188.98 3,410.38 3,354.18  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 88,370.65 28,753.11 132,727.54 193,597.33  
  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 88,370.65 28,753.11 132,727.54 193,597.33  
  Income Tax Expense 0.00 535.00 939.02 1,148.77  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 88,370.65 28,218.11 131,788.52 192,448.55  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 88,370.65 28,218.11 131,788.52 192,448.55