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-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 3.13 3.07 2.97 3.01 3.02 2.94 2.92 2.97 2.82 2.81 2.68 2.30  
  Past Due Loans 112,861,395.10 109,976,453.61 107,686,164.26 110,471,355.37 111,208,272.09 110,627,078.56 109,698,279.27 113,237,444.02 110,646,673.49 110,242,709.82 108,089,422.57 98,080,398.43  
  Total Loan Portfolio (TLP), gross  3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  RL to TLP 0.93 0.93 0.89 0.81 0.85 0.82 0.77 0.76 0.71 0.71 0.68 0.66  
  Restructured Loans (RL), gross 33,557,749.11 33,207,649.81 32,187,990.68 29,843,444.03 31,194,691.74 30,856,354.78 29,015,129.42 28,928,025.86 27,735,873.42 28,061,996.91 27,385,876.64 27,905,156.60  
  TLP, gross  3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  Loan Loss Reserves (LLR) to TLP 3.60 3.54 3.52 3.53 3.53 3.49 3.51 3.45 3.35 3.34 3.15 3.06  
  Allowance for Credit Losses (ACL) - TLP 129,852,840.75 126,945,032.55 127,487,109.47 129,419,367.09 130,256,801.63 131,291,366.92 132,134,986.69 131,619,385.65 131,338,476.89 130,992,979.32 127,153,298.96 130,440,324.64  
  TLP, gross  3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  Gross NPL Ratio 2.83 2.79 2.74 2.74 2.75 2.68 2.68 2.67 2.57 2.56 2.38 2.13  
  Gross Non-Performing Loans (NPL) 102,022,759.56 99,962,506.87 99,357,234.56 100,610,820.21 101,368,583.67 100,911,513.86 100,814,346.79 101,925,925.52 100,637,540.30 100,356,278.42 96,146,408.47 90,508,678.57  
  TLP, gross  3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  Gross NPL Ratio, net of IBL 2.93 2.87 2.82 2.84 2.83 2.76 2.75 2.74 2.64 2.62 2.46 2.20  
  Gross NPL, net of NP IBL 101,269,443.15 99,197,130.40 98,552,811.97 99,752,066.83 100,396,053.49 99,849,531.23 99,702,688.56 100,797,847.37 99,486,329.80 99,176,520.53 95,399,458.67 89,772,276.66  
  (1) Gross NPL 102,022,759.56 99,962,506.87 99,357,234.56 100,610,820.21 101,368,583.67 100,911,513.86 100,814,346.79 101,925,925.52 100,637,540.30 100,356,278.42 96,146,408.47 90,508,678.57  
  (2) Non-performing IBL 753,316.41 765,376.47 804,422.59 858,753.37 972,530.18 1,061,982.63 1,111,658.23 1,128,078.15 1,151,210.50 1,179,757.89 746,949.80 736,401.91  
  TLP, gross net of IBL 3,458,693,060.47 3,452,527,770.16 3,497,259,569.67 3,513,541,176.59 3,546,376,464.35 3,623,672,851.14 3,626,629,262.68 3,677,819,766.72 3,765,894,963.45 3,780,915,400.37 3,882,057,332.29 4,074,874,492.62  
  (1) TLP, gross 3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  (2) Interbank Loans Receivables (IBL) 149,922,042.27 134,682,349.48 127,783,164.75 156,512,406.32 138,780,768.86 137,218,213.46 136,178,475.55 140,054,880.36 156,189,562.49 145,611,740.80 154,465,563.57 182,088,898.98  
  Net NPL Ratio 0.43 0.44 0.45 0.44 0.44 0.39 0.40 0.42 0.42 0.39 0.36 0.19  
  NPL, net of Specific ACL 15,431,429.72 15,787,023.62 16,245,395.44 16,149,136.89 16,170,473.51 14,568,597.94 14,956,686.41 16,163,369.25 16,496,579.23 15,480,193.02 14,576,551.17 8,049,515.56  
  (1) Gross NPL 102,022,759.56 99,962,506.87 99,357,234.56 100,610,820.21 101,368,583.67 100,911,513.86 100,814,346.79 101,925,925.52 100,637,540.30 100,356,278.42 96,146,408.47 90,508,678.57  
  (2) Specific ACL 86,591,329.84 84,175,483.25 83,111,839.12 84,461,683.32 85,198,110.16 86,342,915.92 85,857,660.38 85,762,556.27 84,140,961.07 84,876,085.40 81,569,857.30 82,459,163.01  
  TLP, gross  3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  NPL Coverage Ratio 127.28 126.99 128.31 128.63 128.50 130.11 131.07 129.13 130.51 130.53 132.25 144.12  
  ACL - TLP 129,852,840.75 126,945,032.55 127,487,109.47 129,419,367.09 130,256,801.63 131,291,366.92 132,134,986.69 131,619,385.65 131,338,476.89 130,992,979.32 127,153,298.96 130,440,324.64  
  Gross NPL 102,022,759.56 99,962,506.87 99,357,234.56 100,610,820.21 101,368,583.67 100,911,513.86 100,814,346.79 101,925,925.52 100,637,540.30 100,356,278.42 96,146,408.47 90,508,678.57  
  NPA to Gross Assets  2.84 2.81 2.73 2.74 2.67 2.58 2.48 2.49 2.40 2.41 2.21 2.07  
  Non-Performing Assets (NPA) 205,998,707.16 203,981,127.76 202,763,552.48 203,572,148.45 203,849,199.72 202,683,081.34 202,346,724.58 204,111,390.05 201,068,669.87 200,958,903.07 196,517,679.51 189,859,592.61  
  (1) Gross NPL 102,022,759.56 99,962,506.87 99,357,234.56 100,610,820.21 101,368,583.67 100,911,513.86 100,814,346.79 101,925,925.52 100,637,540.30 100,356,278.42 96,146,408.47 90,508,678.57  
  (2) ROPA, gross 103,975,947.60 104,018,620.89 103,406,317.92 102,961,328.24 102,480,616.05 101,771,567.48 101,532,377.79 102,185,464.54 100,431,129.58 100,602,624.64 100,371,271.05 99,350,914.05  
  (a) Real and Other Properties Acquired (ROPA) 89,585,572.35 89,866,298.52 89,681,664.49 89,343,935.26 88,839,031.47 88,147,559.96 87,880,629.94 87,564,875.56 87,159,205.86 91,515,161.98 91,450,468.06 91,039,181.99  
  (b) Non-Current Assets Held for Sale 9,236,719.24 8,893,074.56 8,759,576.55 8,743,930.05 8,781,760.37 8,877,271.29 8,801,435.53 8,840,834.90 8,360,876.28 3,897,983.24 3,984,700.35 3,178,415.11  
  (c) Non-Performing Sales Contract Receivables (SCR) 5,153,656.01 5,259,247.81 4,965,076.88 4,873,462.93 4,859,824.21 4,746,736.23 4,850,312.32 5,779,754.08 4,911,047.43 5,189,479.43 4,936,102.63 5,133,316.94  
  Gross Assets 7,253,553,676.92 7,249,429,127.00 7,427,379,404.74 7,442,159,980.62 7,641,536,397.57 7,867,644,492.89 8,153,754,367.74 8,184,043,467.74 8,365,481,935.46 8,333,300,471.42 8,891,954,257.31 9,155,441,840.97  
  (1) Total Assets 7,096,899,741.47 7,095,808,755.31 7,272,953,775.17 7,285,806,910.57 7,484,467,274.70 7,709,601,040.06 7,994,875,590.13 8,026,050,409.80 8,207,941,279.51 8,175,161,451.64 8,737,539,347.09 8,997,132,482.39  
  (2) Allowance on NPA 156,653,935.45 153,620,371.68 154,425,629.57 156,353,070.06 157,069,122.87 158,043,452.83 158,878,777.61 157,993,057.94 157,540,655.95 158,139,019.78 154,414,910.22 158,309,358.59  
  NPA Coverage Ratio 76.05 75.31 76.16 76.80 77.05 77.98 78.52 77.41 78.35 78.69 78.58 83.38  
  Allowance on NPA 156,653,935.45 153,620,371.68 154,425,629.57 156,353,070.06 157,069,122.87 158,043,452.83 158,878,777.61 157,993,057.94 157,540,655.95 158,139,019.78 154,414,910.22 158,309,358.59  
  NPA 205,998,707.16 203,981,127.76 202,763,552.48 203,572,148.45 203,849,199.72 202,683,081.34 202,346,724.58 204,111,390.05 201,068,669.87 200,958,903.07 196,517,679.51 189,859,592.61  
  Distressed Assets Ratio 6.01 5.99 5.86 5.80 5.77 5.61 5.60 5.55 5.33 5.34 5.09 4.71  
  Distressed Assets 223,692,811.39 221,493,907.09 218,888,419.75 219,522,456.74 219,203,026.07 217,229,406.98 216,729,184.02 217,884,294.51 214,707,115.55 215,305,793.81 211,173,209.17 205,644,676.12  
  NPA 205,998,707.16 203,981,127.76 202,763,552.48 203,572,148.45 203,849,199.72 202,683,081.34 202,346,724.58 204,111,390.05 201,068,669.87 200,958,903.07 196,517,679.51 189,859,592.61  
  RL, Performing 17,694,104.23 17,512,779.33 16,124,867.27 15,950,308.29 15,353,826.35 14,546,325.64 14,382,459.44 13,772,904.46 13,638,445.68 14,346,890.75 14,655,529.66 15,785,083.50  
  TLP, gross  3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  Total ROPA 113,931,745.21 113,604,991.53 112,656,596.09 112,040,706.93 111,295,034.64 110,671,858.92 109,998,384.47 109,399,993.19 108,435,916.85 108,727,085.70 108,428,764.70 107,393,515.04  
  (1) ROPA, gross 103,975,947.60 104,018,620.89 103,406,317.92 102,961,328.24 102,480,616.05 101,771,567.48 101,532,377.79 102,185,464.54 100,431,129.58 100,602,624.64 100,371,271.05 99,350,914.05  
  (2) Performing SCR 9,955,797.61 9,586,370.63 9,250,278.17 9,079,378.69 8,814,418.59 8,900,291.44 8,466,006.69 7,214,528.65 8,004,787.28 8,124,461.06 8,057,493.65 8,042,601.00  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 26.13 26.07 27.17 26.45 27.66 28.70 31.40 30.49 31.74 31.15 35.12 34.30  
  Cash and Due from Banks   1,301,119,148.76 1,298,979,701.05 1,380,334,035.28 1,358,967,826.77 1,480,317,881.49 1,620,192,180.44 1,864,342,396.05 1,818,965,066.05 1,950,052,645.85 1,914,200,549.37 2,331,409,430.50 2,345,158,066.10  
  Deposits 4,978,729,214.35 4,982,230,665.51 5,080,145,955.58 5,137,013,033.79 5,351,243,748.73 5,645,385,650.32 5,936,659,368.97 5,966,312,939.33 6,143,237,396.89 6,144,808,678.51 6,638,812,453.88 6,837,526,286.31  
  (2) Liquid Assets to Deposits Ratio 61.18 60.46 61.81 60.76 61.35 60.65 62.61 62.01 61.54 61.14 63.15 62.00  
  Liquid Assets, sum of: 3,046,181,393.86 3,012,340,731.02 3,140,230,076.25 3,121,461,168.37 3,283,013,135.65 3,424,157,608.77 3,716,934,157.37 3,699,562,960.05 3,780,724,114.07 3,757,113,945.90 4,192,462,208.80 4,239,213,494.35  
  (1) Cash and Due from Banks 1,301,119,148.76 1,298,979,701.05 1,380,334,035.28 1,358,967,826.77 1,480,317,881.49 1,620,192,180.44 1,864,342,396.05 1,818,965,066.05 1,950,052,645.85 1,914,200,549.37 2,331,409,430.50 2,345,158,066.10  
  (2) Financial Assets, net (excl. equity investments) 1,745,062,245.11 1,713,361,029.97 1,759,896,040.97 1,762,493,341.60 1,802,695,254.16 1,803,965,428.33 1,852,591,761.32 1,880,597,894.01 1,830,671,468.23 1,842,913,396.53 1,861,052,778.30 1,894,055,428.25  
  Deposits 4,978,729,214.35 4,982,230,665.51 5,080,145,955.58 5,137,013,033.79 5,351,243,748.73 5,645,385,650.32 5,936,659,368.97 5,966,312,939.33 6,143,237,396.89 6,144,808,678.51 6,638,812,453.88 6,837,526,286.31  
  (3) Loans (gross) to Deposits 72.48 72.00 71.36 71.44 68.87 66.62 63.38 63.99 63.84 63.90 60.80 62.26  
  Loans (gross) 3,608,615,102.73 3,587,210,119.64 3,625,042,734.43 3,670,053,582.92 3,685,157,233.21 3,760,891,064.60 3,762,807,738.23 3,817,874,647.08 3,922,084,525.94 3,926,527,141.17 4,036,522,895.86 4,256,963,391.60  
  Deposits 4,978,729,214.35 4,982,230,665.51 5,080,145,955.58 5,137,013,033.79 5,351,243,748.73 5,645,385,650.32 5,936,659,368.97 5,966,312,939.33 6,143,237,396.89 6,144,808,678.51 6,638,812,453.88 6,837,526,286.31  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 2.01 2.02 1.94 1.64  
  Annualized Net Profit or Loss  137,473,734.20 144,807,385.30 145,193,205.58 132,488,725.29  
  Average Assets 6,825,660,782.19 7,154,635,527.91 7,486,560,983.74 8,095,474,739.61  
  Total Assets (last year) 6,378,367,789.20 6,599,670,015.75 6,765,180,687.97 7,193,816,996.83  
  Total Assets (current year) 7,272,953,775.17 7,709,601,040.06 8,207,941,279.51 8,997,132,482.39  
  (2) Return on Equity (ROE) 14.67 15.79 15.15 13.65  
  Annualized Net Profit or Loss  137,473,734.20 144,807,385.30 145,193,205.58 132,488,725.29  
  Average Capital 937,208,382.74 916,820,319.72 958,125,880.33 970,311,866.81  
  Total Capital (last year) 829,704,097.89 839,469,038.47 905,973,895.12 937,051,694.02  
  Total Capital (current year) 1,044,712,667.59 994,171,600.97 1,010,277,865.53 1,003,572,039.61  
  (3) Earning Asset Yield 4.74 4.48 4.28 4.01  
  Annualized Interest Income 288,894,671.61 288,807,231.41 290,735,047.11 295,496,981.30  
  Average Earning Assets 6,098,109,399.48 6,447,490,031.29 6,795,384,729.26 7,376,434,737.38  
  Earning Assets (last year) 5,690,872,895.57 5,912,736,951.88 6,086,347,150.83 6,475,273,636.02  
  Earning Assets (current year) 6,505,345,903.39 6,982,243,110.69 7,504,422,307.70 8,277,595,838.74  
  (4) Funding Cost 1.62 1.44 1.28 1.09  
  Annualized Interest Expense 87,307,285.23 83,128,151.44 76,853,718.06 72,040,268.53  
  Average Interest Bearing Liabilities 5,398,022,190.25 5,762,883,668.72 6,013,987,738.40 6,582,598,846.37  
  Interest Bearing Liabilities (last year) 5,119,062,299.98 5,304,553,974.98 5,351,048,227.04 5,703,791,922.57  
  Interest Bearing Liabilities (current year) 5,676,982,080.51 6,221,213,362.46 6,676,927,249.76 7,461,405,770.17  
  (5) Interest Spread 3.12 3.04 3.00 2.91  
  (3) Earning Asset Yield 4.74 4.48 4.28 4.01  
  (4) Funding Cost 1.62 1.44 1.28 1.09  
  (6) Net Interest Margin 3.30 3.19 3.15 3.03  
  Annualized Net Interest Income 201,510,708.42 205,537,569.72 213,730,173.89 223,194,103.18  
  Average Earning Assets 6,098,109,399.48 6,447,490,031.29 6,795,384,729.26 7,376,434,737.38  
  (7) Cost to Income Ratio 57.38 56.66 56.73 58.92  
  Annualized Non-Interest Expenses 212,707,887.23 215,859,596.56 217,049,509.83 221,541,808.10  
  Annualized Total Operating Income 370,668,686.71 381,003,617.88 382,597,657.32 376,026,822.98  
  (8) Net Interest Income to Total Operating Income 54.36 53.95 55.86 59.36  
  Annualized Net Interest Income  201,510,708.42 205,537,569.72 213,730,173.89 223,194,103.18  
  Annualized Total Operating Income 370,668,686.71 381,003,617.88 382,597,657.32 376,026,822.98  
  (9) Non-interest Income to Total Operating Income 45.64 46.05 44.14 40.64  
  Annualized Non-Interest Income 169,157,978.30 175,466,048.17 168,867,483.43 152,832,719.79  
  Annualized Total Operating Income 370,668,686.71 381,003,617.88 382,597,657.32 376,026,822.98  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 17.75 17.98 17.51 16.50  
  Capital Adequacy Ratio - Conso 18.89 19.24 18.62 17.65  
  Total Capital Accounts to Total Assets 13.69 14.01 14.36 14.57 13.93 12.90 12.79 12.41 12.31 12.71 11.83 11.15