21 Balance Sheet                          
                             
                             
  Universal Bank Group                          
  as of end of periods indicated                          
  amounts in thousand Pesos                          
                             
   
  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  
   
  TOTAL ASSETS  6,290,670,460.54 6,277,170,500.12 6,455,351,668.90 6,440,908,656.28 6,633,731,836.96 6,836,858,387.29 7,113,787,239.80 7,112,337,172.46 7,300,247,317.84 7,374,032,000.00 7,893,959,812.32 8,146,264,482.87  
  CASH AND DUE FROM BANKS 1,138,424,700.42 1,122,142,093.19 1,207,398,849.08 1,192,466,518.83 1,299,606,970.29 1,382,788,070.01 1,653,970,274.91 1,591,456,335.81 1,709,791,260.04 1,715,274,718.88 2,109,969,458.72 2,117,085,800.25  
  TLP (INCLUSIVE OF IBL AND RRPs) , NET  3,061,036,731.90 3,036,577,012.13 3,072,695,727.90 3,115,397,579.65 3,130,365,068.12 3,231,878,028.96 3,211,129,285.89 3,268,359,507.38 3,381,596,483.92 3,415,451,913.82 3,512,639,954.53 3,718,633,113.05  
  Total Loan Portfolio (TLP), gross  3,176,047,186.67 3,148,915,380.60 3,185,532,665.18 3,230,054,187.96 3,245,828,231.48 3,348,457,185.28 3,328,394,749.63 3,385,208,056.85 3,498,068,230.27 3,532,994,718.10 3,626,087,597.84 3,835,048,358.18  
  (a) Interbank Loans Receivable (IBL) 111,737,553.92 94,373,631.21 95,880,449.81 119,492,034.15 100,933,879.26 103,729,180.51 96,221,246.36 98,382,508.81 118,720,724.63 106,555,931.07 115,841,260.69 131,565,177.65  
  (b) Total Reverse Repurchase (RRPs) 153,601,000.00 165,295,000.00 170,499,000.00 159,379,000.00 173,757,000.00 206,668,000.00 185,824,000.00 183,139,000.00 210,611,000.00 216,767,293.90 204,364,073.58 224,455,494.40  
  of which:  
  Reverse Repurchase (RRPs) with BSP 151,601,000.00 163,295,000.00 168,499,000.00 157,379,000.00 171,757,000.00 204,668,000.00 183,824,000.00 181,139,000.00 208,611,000.00 208,046,000.00 195,582,000.00 217,066,000.00  
  Reverse Repurchase (RRPs) with Other Banks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  (c) Loans and Receivable - Others, net of amortization 2,910,708,632.74 2,889,246,749.40 2,919,153,215.37 2,951,183,153.81 2,971,137,352.23 3,038,060,004.77 3,046,349,503.27 3,103,686,548.03 3,168,736,505.64 3,209,671,493.14 3,305,882,263.56 3,479,027,686.12  
  Allowance for Credit Losses  115,010,454.77 112,338,368.47 112,836,937.28 114,656,608.31 115,463,163.36 116,579,156.32 117,265,463.74 116,848,549.47 116,471,746.35 117,542,804.28 113,447,643.31 116,415,245.13  
  TLP, gross (exclusive of IBL) 3,064,309,632.74 3,054,541,749.40 3,089,652,215.37 3,110,562,153.81 3,144,894,352.23 3,244,728,004.77 3,232,173,503.27 3,286,825,548.03 3,379,347,505.64 3,426,438,787.03 3,510,246,337.14 3,703,483,180.52  
  TLP, gross (exclusive of IBL and RRP with BSP and Other Banks) 2,912,708,632.74 2,891,246,749.40 2,921,153,215.37 2,953,183,153.81 2,973,137,352.23 3,040,060,004.77 3,048,349,503.27 3,105,686,548.03 3,170,736,505.64 3,218,392,787.03 3,314,664,337.14 3,486,417,180.52  
  TOTAL INVESTMENTS, NET 1,729,508,964.91 1,712,937,022.32 1,770,955,916.31 1,737,334,521.58 1,796,811,037.64 1,805,028,795.02 1,840,080,793.22 1,853,550,345.26 1,805,388,193.32 1,846,517,080.47 1,868,327,079.06 1,904,613,640.41  
  (A) Financial Assets, net (Portfolio Investments) 1,569,988,132.20 1,551,176,081.28 1,598,763,562.47 1,562,174,959.08 1,616,409,129.34 1,622,556,676.81 1,657,584,888.30 1,669,966,911.31 1,624,550,439.17 1,666,888,738.49 1,683,171,500.68 1,727,560,103.14  
  Financial Assets, gross (net of amortization) 1,527,491,602.34 1,511,579,703.11 1,534,251,431.61 1,499,826,748.21 1,576,514,849.69 1,628,908,610.07 1,648,960,633.24 1,691,679,955.16 1,640,093,479.92 1,663,380,700.50 1,694,309,894.28 1,754,458,502.89  
  (1) Financial Assets Held for Trading (HFT) 181,951,235.60 181,230,338.32 184,849,993.22 183,421,773.51 177,420,947.33 172,452,169.01 158,760,159.71 175,204,215.19 145,728,391.61 148,452,518.63 127,604,361.80 127,271,943.06  
  (2) Financial Assets DFVPL 8,222,868.14 8,208,543.98 7,803,300.18 8,114,299.97 6,918,302.27 5,683,690.99 5,648,470.39 5,550,933.74 5,642,658.39 5,708,922.30 6,529,188.05 6,438,293.02  
  (3) Available-for-Sale (AFS) Financial Assets 957,771,855.62 948,366,295.30 968,991,031.95 934,009,347.03 1,004,994,003.18 1,053,633,383.50 1,089,638,321.47 1,125,122,041.42 1,121,112,471.75 1,138,017,255.39 1,155,343,313.83 1,174,062,938.43  
  (4) Held-to-Maturity (HTM) Financial Assets 255,654,927.88 251,390,889.87 249,225,175.49 249,585,077.27 263,280,555.17 274,227,597.36 270,088,931.13 262,653,756.61 246,616,305.84 249,570,682.66 284,431,538.95 324,961,421.25  
  (5) Unquoted Debt Securities Classified as Loans 104,146,856.15 102,643,576.10 103,646,581.91 104,908,362.03 103,954,589.06 102,827,621.97 104,710,425.75 102,958,100.28 100,820,375.98 101,461,121.27 100,297,850.21 101,696,604.61  
  (6) Investments in Non-Marketable Equity Securities 19,743,858.95 19,740,059.55 19,735,348.87 19,787,888.39 19,946,452.68 20,084,147.23 20,114,324.79 20,190,907.91 20,173,276.36 20,170,200.25 20,103,641.44 20,027,302.52  
  Accumulated Market Gains/Losses  64,742,810.59 62,431,315.82 86,724,619.34 84,866,527.37 62,544,774.55 16,395,304.19 31,055,505.78 934,020.08 6,951,558.86 26,140,432.70 11,495,473.91 (4,157,696.01)  
  Allowance for Credit Losses  22,246,280.72 22,834,937.65 22,212,488.49 22,518,316.50 22,650,494.89 22,747,237.44 22,431,250.72 22,647,063.93 22,494,599.61 22,632,394.72 22,633,867.51 22,740,703.74  
  (B) Equity Investment in Subsidiaries/Associates/Joint Ventures, net (Direct Investments) 159,520,832.71 161,760,941.05 172,192,353.84 175,159,562.50 180,401,908.29 182,472,118.21 182,495,904.92 183,583,433.95 180,837,754.16 179,628,341.98 185,155,578.38 177,053,537.28  
  ROPA, NET 78,144,015.65 78,212,885.75 76,539,255.35 75,983,342.86 75,331,024.06 74,621,185.69 74,110,743.51 73,939,729.17 73,467,481.58 74,500,067.27 74,007,637.60 72,489,453.66  
  Real and Other Properties Acquired (ROPA), gross 102,910,391.00 102,635,757.07 101,591,738.65 101,013,312.06 100,233,384.69 99,357,362.45 98,816,002.49 98,256,323.98 97,593,572.47 99,643,320.68 99,254,059.50 98,250,523.92  
  of which:  
  (1) Sales Contract Receivables, Gross 12,659,041.81 12,438,240.60 11,830,631.73 11,616,191.10 11,232,789.68 11,237,486.54 10,966,190.23 10,692,934.20 10,626,953.96 11,339,572.20 11,032,821.34 11,027,031.44  
  (a) Performing 8,198,187.43 7,815,481.67 7,484,843.60 7,373,685.70 7,073,794.93 7,152,177.69 6,770,057.14 5,617,063.37 6,396,205.18 6,806,047.80 6,743,840.19 6,675,036.68  
  (b) Non-Performing 4,460,854.38 4,622,758.93 4,345,788.14 4,242,505.39 4,158,994.75 4,085,308.85 4,196,133.09 5,075,870.83 4,230,748.78 4,533,524.40 4,288,981.15 4,351,994.76  
  Sales Contract Receivables, Net 12,484,828.04 12,263,747.97 11,643,250.24 11,430,602.61 11,047,925.58 11,052,231.89 10,782,741.02 10,511,773.59 10,448,005.20 11,161,303.60 10,855,585.17 10,852,083.24  
  (2) Non-Current Assets Held for Sale, Gross 8,899,517.02 8,556,497.03 8,426,553.98 8,410,907.48 8,446,075.10 8,543,531.37 8,565,647.98 8,605,387.24 8,125,428.63 3,662,535.59 3,749,252.70 2,942,967.45  
  Non-Current Assets Held for Sale, net 6,553,183.06 6,234,630.16 5,662,457.43 5,646,799.65 5,597,155.14 5,712,795.39 5,724,926.83 5,747,154.94 5,403,012.50 2,694,213.24 2,802,042.64 2,428,665.55  
  Unamortized Discount and Other Deferred Credits 32,074.74 33,847.39 33,693.62 33,365.25 33,939.33 32,189.70 31,160.00 30,724.87 29,075.24 13,049.13 13,516.85 13,373.04  
  Accummulated Depreciation 10,916,925.47 10,361,463.26 10,402,867.45 10,332,005.16 10,271,021.68 10,192,258.33 10,189,569.96 10,163,954.28 10,163,167.62 11,027,703.76 11,042,614.43 11,070,244.65  
  Allowance for Losses 13,817,375.14 14,027,560.67 14,615,922.22 14,664,598.80 14,597,399.62 14,511,728.73 14,484,529.03 14,121,915.66 13,933,848.03 14,102,500.53 14,190,290.61 14,677,452.57  
  OTHER ASSETS 283,556,047.66 327,301,486.72 327,761,920.26 319,726,693.37 331,617,736.84 342,542,307.61 334,496,142.27 325,031,254.84 330,003,898.98 322,288,219.56 329,015,682.41 333,442,475.50  
  LIABILITIES AND CAPITAL  
  LIABILITIES 5,459,600,533.26 5,422,311,019.91 5,554,753,109.17 5,525,360,632.43 5,740,950,659.74 5,986,883,405.45 6,239,247,903.73 6,259,219,078.91 6,434,214,231.96 6,461,509,671.50 6,986,827,435.21 7,266,402,663.61  
  FINANCIAL LIABILITIES HFT 38,955,544.85 34,446,460.79 30,654,469.48 28,949,341.34 38,683,285.37 51,319,159.83 44,286,935.42 48,905,297.08 40,409,887.24 37,366,903.56 35,885,906.08 36,107,202.48  
  FINANCIAL LIABILITIES DFVPL 6,166,664.00 6,131,809.17 6,096,508.36 6,061,111.86 6,017,479.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00  
  DEPOSIT LIABILITIES 4,463,343,410.55 4,468,567,526.27 4,558,756,597.19 4,586,725,175.18 4,796,439,035.33 5,048,791,716.60 5,318,152,147.31 5,329,297,009.94 5,509,611,750.74 5,588,473,825.16 6,047,725,282.61 6,252,673,844.35  
  Peso Liabilities 3,584,717,294.12 3,592,771,190.29 3,703,942,475.83 3,725,575,568.49 3,917,662,427.93 4,139,685,938.88 4,409,191,120.06 4,389,643,321.24 4,572,632,588.46 4,650,224,270.08 5,086,652,396.47 5,284,583,810.70  
  Demand and NOW 940,441,712.11 948,952,554.34 976,073,527.72 1,011,356,963.72 1,049,608,102.17 1,097,661,967.26 1,174,651,581.13 1,113,834,530.61 1,124,850,878.88 1,162,071,599.53 1,217,375,315.76 1,313,981,149.32  
  Savings 1,877,418,048.02 1,914,135,846.33 1,989,217,633.22 1,977,785,347.77 2,046,291,489.27 2,144,577,993.97 2,216,678,760.71 2,244,422,969.12 2,317,733,912.29 2,343,186,316.40 2,489,247,684.65 2,584,490,993.12  
  Time 716,115,784.81 678,682,032.79 681,860,020.85 677,556,777.97 762,730,459.88 838,394,597.97 958,790,279.07 972,326,431.70 1,065,975,690.53 1,073,898,974.78 1,299,321,332.67 1,299,367,062.11  
  LTNCD 50,741,749.18 51,000,756.83 56,791,294.03 58,876,479.04 59,032,376.61 59,051,379.68 59,070,499.16 59,059,389.81 64,072,106.75 71,067,379.36 80,708,063.39 86,744,606.15  
  Foreign Currency 878,626,116.43 875,796,335.98 854,814,121.36 861,149,606.69 878,776,607.40 909,105,777.72 908,961,027.25 939,653,688.70 936,979,162.27 938,249,555.08 961,072,886.14 968,090,033.65  
  Demand and NOW 10,045,678.84 9,998,201.87 10,485,716.07 11,859,828.34 12,353,704.98 16,145,580.91 16,464,548.59 18,205,128.48 17,671,260.77 13,836,753.32 15,530,209.73 15,356,016.73  
  Savings 399,612,710.91 388,529,028.88 383,160,412.83 400,027,563.00 400,492,659.37 413,948,749.80 417,082,356.24 429,871,060.32 435,416,491.17 436,928,867.32 441,635,931.97 441,740,280.19  
  Time 468,967,726.67 477,269,105.23 461,167,992.46 449,262,215.35 465,930,243.04 479,011,447.02 475,414,122.42 491,577,499.89 483,891,410.34 487,483,934.44 503,906,744.44 510,993,736.73  
  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 177,018,899.01 126,381,344.03 139,218,278.90 124,767,833.26 115,041,191.60 108,164,475.02 106,813,082.82 111,871,636.16 129,070,231.69 121,389,356.72 119,741,187.47 94,776,812.14  
  BILLS PAYABLE 359,331,027.57 347,830,498.96 374,733,053.95 320,999,637.26 329,502,301.36 339,171,517.58 328,809,761.73 323,447,843.08 322,772,583.33 307,305,718.73 332,535,476.21 441,364,059.24  
  BONDS PAYABLE 57,838,837.21 57,805,934.85 58,007,196.79 58,514,685.47 60,088,513.54 61,428,170.21 61,745,067.57 63,433,329.60 61,921,598.33 61,455,303.19 62,240,329.39 63,146,794.05  
  UNSECURED SUBORDINATED DEBT, NET 107,449,753.99 100,457,415.10 95,983,627.40 95,989,263.53 85,994,119.32 85,999,034.72 86,004,748.19 86,009,725.14 71,014,603.36 59,018,232.65 68,998,830.67 57,005,316.07  
  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 353,216.93 338,089.06 329,210.20 326,087.29 402,397.91 461,033.01 309,155.28 285,160.70 226,315.76 216,502.81 222,007.74 232,436.03  
  OTHER LIABILITIES 249,143,079.15 280,351,841.69 290,974,066.90 303,027,397.25 308,782,235.98 291,548,198.48 293,126,905.42 295,968,977.19 299,187,161.51 286,283,728.67 319,478,315.05 321,096,099.24  
  TOTAL CAPITAL ACCOUNTS  831,069,927.28 854,859,480.21 900,598,559.73 915,548,023.85 892,781,177.22 849,974,981.84 874,539,336.07 853,118,093.56 866,033,085.88 912,522,328.50 907,132,377.11 879,861,819.26  
  Capital Stock 340,251,846.57 378,370,487.82 382,358,101.08 386,480,345.80 386,475,533.24 386,474,504.84 387,767,757.07 387,767,757.07 400,434,957.14 410,293,179.71 410,293,179.71 410,293,395.06  
  Retained Earnings & Undivided Profits 346,854,877.33 334,472,713.64 354,744,530.15 365,862,392.00 363,232,387.39 369,145,691.67 373,666,225.68 381,366,759.71 376,151,208.52 393,406,092.27 402,839,999.41 394,774,296.72  
  Other Comprehensive Income 65,645,624.55 63,707,478.59 85,137,967.79 84,722,668.24 64,202,621.62 15,154,072.42 33,827,388.13 4,289,502.68 10,126,817.41 28,754,632.15 13,809,142.91 (5,631,958.92)  
  Appraisal Increment Reserves 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,214,372.77 1,155,925.90  
  Other Capital 77,103,206.06 77,094,427.39 77,143,587.94 77,268,245.03 77,656,262.19 77,986,340.14 78,063,592.42 78,479,701.32 78,105,730.03 78,854,051.61 78,975,682.32 79,270,160.50