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-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 3.72 3.66 3.62 3.56 3.45 3.35 3.30 3.33 3.29 3.22 3.17 2.99  
  Past Due Loans 117,092,242.33 116,468,594.83 115,519,508.76 116,368,566.13 113,210,029.31 113,611,223.70 112,288,591.60 113,690,506.40 113,197,811.07 112,447,704.11 112,747,585.88 109,256,522.12  
  Total Loan Portfolio (TLP), gross  3,151,414,139.63 3,184,268,630.90 3,192,496,275.66 3,265,866,711.48 3,282,406,323.22 3,388,090,612.59 3,401,665,734.43 3,411,859,850.41 3,444,160,627.81 3,492,547,137.34 3,552,842,186.11 3,650,759,546.84  
  RL to TLP 1.24 1.21 1.12 1.06 1.07 1.02 1.02 1.01 1.03 0.98 0.96 0.94  
  Restructured Loans (RL), gross 39,012,760.67 38,604,280.56 35,866,268.15 34,770,573.75 35,098,058.83 34,700,689.22 34,717,101.13 34,552,801.25 35,496,520.43 34,266,059.58 34,145,512.68 34,173,622.72  
  TLP, gross  3,151,414,139.63 3,184,268,630.90 3,192,496,275.66 3,265,866,711.48 3,282,406,323.22 3,388,090,612.59 3,401,665,734.43 3,411,859,850.41 3,444,160,627.81 3,492,547,137.34 3,552,842,186.11 3,650,759,546.84  
  Loan Loss Reserves (LLR) to TLP 2.93 2.91 2.95 2.89 2.82 2.81 2.82 2.83 2.79 2.77 2.71 2.64  
  Allowance for Credit Losses (ACL) - TLP 91,299,807.97 91,762,557.67 93,263,093.18 93,467,021.93 91,518,667.62 94,215,551.44 95,056,911.05 95,648,508.01 95,117,415.67 95,888,573.81 95,387,639.47 95,383,149.66  
  TLP, gross  3,120,685,284.36 3,152,185,988.52 3,160,791,204.20 3,234,084,150.21 3,249,472,455.23 3,355,037,331.28 3,368,321,051.83 3,378,117,552.33 3,410,679,971.84 3,459,613,007.61 3,519,500,281.13 3,617,679,153.85  
  NPL Ratio 2.35 2.34 2.36 2.30 2.18 2.06 2.08 2.08 2.05 2.00 1.98 1.87  
  Non-Performing Loans (NPL) 73,198,163.66 73,882,766.37 74,648,431.86 74,342,226.00 70,981,171.80 69,045,196.37 69,978,159.28 70,428,003.65 69,939,455.52 69,118,735.55 69,520,434.98 67,529,774.95  
  TLP, gross  3,120,685,284.36 3,152,185,988.52 3,160,791,204.20 3,234,084,150.21 3,249,472,455.23 3,355,037,331.28 3,368,321,051.83 3,378,117,552.33 3,410,679,971.84 3,459,613,007.61 3,519,500,281.13 3,617,679,153.85  
  NPL Ratio, net of IBL 2.50 2.47 2.47 2.43 2.29 2.16 2.18 2.18 2.15 2.10 2.06 1.95  
  NPL 73,198,163.66 73,882,766.37 74,648,431.86 74,342,226.00 70,981,171.80 69,045,196.37 69,978,159.28 70,428,003.65 69,939,455.52 69,118,735.55 69,520,434.98 67,529,774.95  
  TLP, gross net of IBL 2,927,402,038.57 2,986,004,652.83 3,026,816,450.23 3,062,842,788.60 3,104,437,350.93 3,192,914,537.20 3,213,730,160.96 3,223,293,206.06 3,249,768,124.65 3,298,852,286.59 3,377,695,460.90 3,462,210,891.98  
  NPL Coverage Ratio 124.73 124.20 124.94 125.73 128.93 136.45 135.84 135.81 136.00 138.73 137.21 141.25  
  ACL - TLP 91,299,807.97 91,762,557.67 93,263,093.18 93,467,021.93 91,518,667.62 94,215,551.44 95,056,911.05 95,648,508.01 95,117,415.67 95,888,573.81 95,387,639.47 95,383,149.66  
  Gross NPL 73,198,163.66 73,882,766.37 74,648,431.86 74,342,226.00 70,981,171.80 69,045,196.37 69,978,159.28 70,428,003.65 69,939,455.52 69,118,735.55 69,520,434.98 67,529,774.95  
  NPA to Gross Assets  2.83 2.79 2.83 2.77 2.71 2.63 2.62 2.64 2.56 2.55 2.48 2.35  
  Non-Performing Assets (NPA) 183,935,570.68 184,545,635.47 184,186,829.64 182,990,313.74 178,816,770.60 176,958,344.60 177,234,204.06 177,124,722.56 176,337,096.65 176,689,273.51 176,285,105.76 172,161,345.74  
  (1) Gross NPL 73,198,163.66 73,882,766.37 74,648,431.86 74,342,226.00 70,981,171.80 69,045,196.37 69,978,159.28 70,428,003.65 69,939,455.52 69,118,735.55 69,520,434.98 67,529,774.95  
  (2) ROPA, gross 110,737,407.02 110,662,869.11 109,538,397.78 108,648,087.74 107,835,598.80 107,913,148.23 107,256,044.78 106,696,718.92 106,397,641.13 107,570,537.97 106,764,670.79 104,631,570.79  
  Gross Assets 6,489,351,763.23 6,608,240,875.00 6,498,607,611.59 6,595,421,847.70 6,588,926,744.30 6,720,919,519.34 6,758,681,863.92 6,701,036,202.44 6,887,539,476.29 6,916,421,852.35 7,120,897,389.95 7,315,858,990.41  
  (1) Total Assets 6,370,371,251.72 6,489,070,790.23 6,378,367,789.20 6,475,064,668.08 6,470,616,782.42 6,599,670,015.75 6,636,345,922.57 6,578,035,460.45 6,765,180,687.97 6,793,390,575.99 6,999,182,845.89 7,193,816,996.83  
  (2) Allowance on NPA 118,980,511.52 119,170,084.77 120,239,822.39 120,357,179.62 118,309,961.88 121,249,503.59 122,335,941.36 123,000,741.99 122,358,788.32 123,031,276.36 121,714,544.06 122,041,993.57  
  NPA Coverage Ratio 64.69 64.57 65.28 65.77 66.16 68.52 69.03 69.44 69.39 69.63 69.04 70.89  
  Allowance on NPA 118,980,511.52 119,170,084.77 120,239,822.39 120,357,179.62 118,309,961.88 121,249,503.59 122,335,941.36 123,000,741.99 122,358,788.32 123,031,276.36 121,714,544.06 122,041,993.57  
  NPA 183,935,570.68 184,545,635.47 184,186,829.64 182,990,313.74 178,816,770.60 176,958,344.60 177,234,204.06 177,124,722.56 176,337,096.65 176,689,273.51 176,285,105.76 172,161,345.74  
  Distressed Assets Ratio 6.31 6.26 6.17 5.97 5.83 5.61 5.59 5.57 5.51 5.45 5.35 5.10  
  Distressed Assets 204,429,363.08 204,955,826.87 202,248,519.73 200,231,698.88 196,194,066.21 194,663,967.45 194,686,176.51 194,759,252.47 194,303,655.58 194,822,735.10 194,550,978.89 190,442,381.76  
  NPA 183,935,570.68 184,545,635.47 184,186,829.64 182,990,313.74 178,816,770.60 176,958,344.60 177,234,204.06 177,124,722.56 176,337,096.65 176,689,273.51 176,285,105.76 172,161,345.74  
  RL, Performing 20,493,792.40 20,410,191.40 18,061,690.09 17,241,385.14 17,377,295.61 17,705,622.84 17,451,972.45 17,634,529.91 17,966,558.93 18,133,461.59 18,265,873.13 18,281,036.02  
  TLP, gross  3,120,685,284.36 3,152,185,988.52 3,160,791,204.20 3,234,084,150.21 3,249,472,455.23 3,355,037,331.28 3,368,321,051.83 3,378,117,552.33 3,410,679,971.84 3,459,613,007.61 3,519,500,281.13 3,617,679,153.85  
  Total ROPA 120,275,925.61 119,658,129.18 118,612,352.11 117,751,957.93 117,267,599.05 117,974,939.18 117,347,688.53 116,643,546.26 116,243,962.26 118,054,815.03 116,666,956.54 114,672,698.11  
  (1) ROPA, gross 110,737,407.02 110,662,869.11 109,538,397.78 108,648,087.74 107,835,598.80 107,913,148.23 107,256,044.78 106,696,718.92 106,397,641.13 107,570,537.97 106,764,670.79 104,631,570.79  
  (2) Performing SCR 9,538,518.59 8,995,260.07 9,073,954.34 9,103,870.19 9,432,000.25 10,061,790.95 10,091,643.75 9,946,827.35 9,846,321.13 10,484,277.07 9,902,285.75 10,041,127.32  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 25.09 25.40 22.84 23.68 22.84 23.10 24.10 24.22 26.04 24.02 25.96 26.12  
  Cash and Due from Banks   1,139,324,333.35 1,166,713,082.89 1,040,393,456.15 1,092,687,416.91 1,055,390,443.20 1,093,735,603.66 1,115,346,107.64 1,118,769,022.86 1,236,603,954.04 1,138,199,884.83 1,268,939,058.06 1,331,580,433.53  
  Deposits 4,540,941,956.94 4,593,133,179.47 4,556,126,825.38 4,614,861,692.00 4,621,095,658.19 4,734,380,620.65 4,628,928,992.63 4,618,780,829.89 4,748,593,105.50 4,737,956,334.17 4,888,662,680.11 5,097,471,694.48  
  (2) Liquid Assets to Deposits Ratio 60.42 61.24 59.30 59.33 59.11 57.77 59.85 58.99 60.52 60.26 61.15 60.51  
  Liquid Assets, sum of: 2,743,654,317.66 2,812,941,675.96 2,701,963,983.42 2,737,986,709.10 2,731,637,655.73 2,734,865,130.43 2,770,522,436.07 2,724,415,841.06 2,873,652,141.16 2,855,277,666.17 2,989,246,682.50 3,084,684,375.83  
  (1) Cash and Due from Banks 1,139,324,333.35 1,166,713,082.89 1,040,393,456.15 1,092,687,416.91 1,055,390,443.20 1,093,735,603.66 1,115,346,107.64 1,118,769,022.86 1,236,603,954.04 1,138,199,884.83 1,268,939,058.06 1,331,580,433.53  
  (2) Financial Assets, net (excl. equity investments) 1,604,329,984.32 1,646,228,593.07 1,661,570,527.27 1,645,299,292.19 1,676,247,212.53 1,641,129,526.77 1,655,176,328.43 1,605,646,818.20 1,637,048,187.12 1,717,077,781.34 1,720,307,624.44 1,753,103,942.30  
  Deposits 4,540,941,956.94 4,593,133,179.47 4,556,126,825.38 4,614,861,692.00 4,621,095,658.19 4,734,380,620.65 4,628,928,992.63 4,618,780,829.89 4,748,593,105.50 4,737,956,334.17 4,888,662,680.11 5,097,471,694.48  
  (3) Loans (gross) to Deposits 69.40 69.33 70.07 70.77 71.03 71.56 73.49 73.87 72.53 73.71 72.68 71.62  
  Loans (gross) 3,151,414,139.63 3,184,268,630.90 3,192,496,275.66 3,265,866,711.48 3,282,406,323.22 3,388,090,612.59 3,401,665,734.43 3,411,859,850.41 3,444,160,627.81 3,492,547,137.34 3,552,842,186.11 3,650,759,546.84  
  Deposits 4,540,941,956.94 4,593,133,179.47 4,556,126,825.38 4,614,861,692.00 4,621,095,658.19 4,734,380,620.65 4,628,928,992.63 4,618,780,829.89 4,748,593,105.50 4,737,956,334.17 4,888,662,680.11 5,097,471,694.48  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.63 1.57 1.58 1.62  
  Annualized Net Profit or Loss  101,424,873.09 101,317,942.93 103,118,578.05 110,967,627.25  
  Average Assets 6,213,321,449.98 6,434,812,642.60 6,530,683,838.81 6,867,621,480.03  
  Total Assets (last year) 6,048,275,110.76 6,269,955,269.45 6,296,186,989.65 6,541,425,963.23  
  Total Assets (current year) 6,378,367,789.20 6,599,670,015.75 6,765,180,687.97 7,193,816,996.83  
  (2) Return on Equity (ROE) 13.09 12.78 12.33 12.67  
  Annualized Net Profit or Loss  101,424,873.09 101,317,942.93 103,118,578.05 110,967,627.25  
  Average Capital 775,003,842.83 792,621,906.56 836,028,939.81 875,873,303.53  
  Total Capital (last year) 720,303,587.78 745,774,774.65 766,083,984.50 814,694,913.05  
  Total Capital (current year) 829,704,097.89 839,469,038.47 905,973,895.12 937,051,694.02  
  (3) Earning Asset Yield 5.24 5.03 4.93 4.72  
  Annualized Interest Income 290,616,446.26 290,119,674.51 288,996,942.34 289,647,894.74  
  Average Earning Assets 5,548,151,745.31 5,762,454,722.49 5,865,906,274.16 6,141,528,756.70  
  Earning Assets (last year) 5,405,430,595.05 5,612,172,493.10 5,645,465,397.49 5,807,783,877.39  
  Earning Assets (current year) 5,690,872,895.57 5,912,736,951.88 6,086,347,150.83 6,475,273,636.02  
  (4) Funding Cost 1.88 1.78 1.74 1.61  
  Annualized Interest Expense 94,328,162.02 92,830,157.80 90,722,657.18 88,671,765.44  
  Average Interest Bearing Liabilities 5,030,336,593.00 5,221,299,965.85 5,214,300,407.85 5,503,459,642.61  
  Interest Bearing Liabilities (last year) 4,941,610,886.02 5,138,045,956.72 5,077,552,588.66 5,303,127,362.64  
  Interest Bearing Liabilities (current year) 5,119,062,299.98 5,304,553,974.98 5,351,048,227.04 5,703,791,922.57  
  (5) Interest Spread 3.36 3.26 3.19 3.11  
  (3) Earning Asset Yield 5.24 5.03 4.93 4.72  
  (4) Funding Cost 1.88 1.78 1.74 1.61  
  (6) Net Interest Margin 3.53 3.42 3.38 3.27  
  Annualized Net Interest Income 196,104,491.66 197,096,459.46 198,083,058.76 200,922,131.85  
  Average Earning Assets 5,548,151,745.31 5,762,454,722.49 5,865,906,274.16 6,141,528,756.70  
  (7) Cost to Income Ratio 63.04 63.82 63.74 61.66  
  Annualized Non-Interest Expenses 205,523,718.16 206,133,353.09 210,128,911.31 208,123,900.29  
  Annualized Total Operating Income 326,028,205.60 322,967,761.56 329,643,880.49 337,547,215.97  
  (8) Net Interest Income to Total Operating Income 60.15 61.03 60.09 59.52  
  Annualized Net Interest Income  196,104,491.66 197,096,459.46 198,083,058.76 200,922,131.85  
  Annualized Total Operating Income 326,028,205.60 322,967,761.56 329,643,880.49 337,547,215.97  
  (9) Non-interest Income to Total Operating Income 39.85 38.97 39.91 40.48  
  Annualized Non-Interest Income 129,923,713.94 125,871,302.11 131,560,821.73 136,625,084.13  
  Annualized Total Operating Income 326,028,205.60 322,967,761.56 329,643,880.49 337,547,215.97  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 16.85 16.87 17.95 17.28  
  Capital Adequacy Ratio - Conso 18.01 17.96 19.01 18.35  
  Total Capital Accounts to Total Assets 12.93 12.78 13.01 12.75 12.74 12.72 13.65 13.64 13.39 13.48 13.24 13.03