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-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 2.45 2.44 2.42 2.43 2.42 2.36 2.35 2.45 2.29 2.31 2.19 2.00  
  Past Due Loans 103,021,260.85 103,760,397.62 104,767,429.94 106,099,879.11 107,134,413.12 106,560,106.40 106,227,702.06 112,380,672.17 107,572,551.65 108,925,967.57 105,762,049.54 102,114,181.74  
  Total Loan Portfolio (TLP), gross  4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  RL to TLP 0.68 0.68 0.66 0.77 0.77 0.76 0.75 0.75 0.66 0.66 0.64 0.58  
  Restructured Loans (RL), gross 28,664,697.58 28,726,663.50 28,740,123.92 33,483,394.36 34,313,186.17 34,482,214.39 33,992,119.91 34,255,696.33 31,026,390.41 31,038,567.11 30,884,708.26 29,718,469.95  
  TLP, gross  4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  Loan Loss Reserves (LLR) to TLP 3.11 3.06 3.04 3.01 3.00 2.95 2.96 2.95 2.84 2.84 2.79 2.59  
  Allowance for Credit Losses (ACL) - TLP 130,651,796.09 130,245,292.69 131,789,921.83 131,799,507.39 132,850,571.26 133,316,648.25 133,735,437.55 135,552,554.13 133,708,353.17 133,840,285.90 134,590,154.88 132,541,759.99  
  TLP, gross  4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  Gross NPL Ratio 2.19 2.22 2.16 2.16 2.17 2.10 2.11 2.21 2.04 2.05 1.98 1.82  
  Gross Non-Performing Loans (NPL) 91,864,613.97 94,239,336.97 93,526,423.68 94,424,403.33 96,069,371.77 94,797,703.02 95,192,819.29 101,199,078.74 96,180,505.83 96,537,555.97 95,517,991.48 93,055,471.45  
  TLP, gross  4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  Gross NPL Ratio, net of IBL 2.26 2.29 2.23 2.22 2.24 2.18 2.17 2.29 2.11 2.10 2.04 1.89  
  Gross NPL, net of NP IBL 91,129,694.39 93,507,676.49 92,774,755.55 93,659,832.28 95,450,180.37 94,183,322.93 94,579,878.38 100,569,835.12 95,503,643.44 95,842,517.66 94,816,498.80 92,369,762.71  
  (1) Gross NPL 91,864,613.97 94,239,336.97 93,526,423.68 94,424,403.33 96,069,371.77 94,797,703.02 95,192,819.29 101,199,078.74 96,180,505.83 96,537,555.97 95,517,991.48 93,055,471.45  
  (2) Non-performing IBL 734,919.58 731,660.47 751,668.13 764,571.06 619,191.41 614,380.09 612,940.91 629,243.62 676,862.39 695,038.31 701,492.68 685,708.74  
  TLP, gross net of IBL 4,025,037,395.30 4,089,784,982.02 4,157,506,746.89 4,215,790,902.26 4,256,259,741.48 4,324,958,579.18 4,352,787,883.33 4,388,692,300.39 4,525,426,051.03 4,561,703,920.07 4,647,340,857.74 4,875,257,110.57  
  (1) TLP, gross 4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  (2) Interbank Loans Receivables (IBL) 173,437,949.69 159,915,856.69 172,227,641.11 159,152,268.71 171,628,820.81 188,329,130.23 160,829,000.45 200,098,316.32 179,229,831.24 150,326,334.36 182,614,149.22 242,626,939.22  
  Net NPL Ratio 0.22 0.30 0.23 0.27 0.30 0.28 0.29 0.38 0.30 0.31 0.28 0.30  
  NPL, net of Specific ACL 9,175,812.51 12,851,627.84 10,143,573.14 11,972,524.49 13,379,941.17 12,437,308.63 12,946,277.85 17,636,123.54 14,128,869.58 14,587,996.23 13,308,389.72 15,289,072.32  
  (1) Gross NPL 91,864,613.97 94,239,336.97 93,526,423.68 94,424,403.33 96,069,371.77 94,797,703.02 95,192,819.29 101,199,078.74 96,180,505.83 96,537,555.97 95,517,991.48 93,055,471.45  
  (2) Specific ACL 82,688,801.46 81,387,709.13 83,382,850.54 82,451,878.85 82,689,430.60 82,360,394.39 82,246,541.44 83,562,955.20 82,051,636.25 81,949,559.75 82,209,601.76 77,766,399.13  
  TLP, gross  4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  NPL Coverage Ratio 142.22 138.21 140.91 139.58 138.29 140.63 140.49 133.95 139.02 138.64 140.91 142.43  
  ACL - TLP 130,651,796.09 130,245,292.69 131,789,921.83 131,799,507.39 132,850,571.26 133,316,648.25 133,735,437.55 135,552,554.13 133,708,353.17 133,840,285.90 134,590,154.88 132,541,759.99  
  Gross NPL 91,864,613.97 94,239,336.97 93,526,423.68 94,424,403.33 96,069,371.77 94,797,703.02 95,192,819.29 101,199,078.74 96,180,505.83 96,537,555.97 95,517,991.48 93,055,471.45  
  NPA to Gross Assets  2.08 2.10 2.06 2.08 2.09 2.03 2.04 2.08 1.99 1.96 1.90 1.79  
  Non-Performing Assets (NPA) 189,798,794.64 191,481,182.67 190,632,902.03 190,973,677.39 192,596,413.84 191,374,493.30 191,405,804.40 197,108,811.42 189,440,648.59 187,707,208.26 186,032,872.13 183,665,426.26  
  (1) Gross NPL 91,864,613.97 94,239,336.97 93,526,423.68 94,424,403.33 96,069,371.77 94,797,703.02 95,192,819.29 101,199,078.74 96,180,505.83 96,537,555.97 95,517,991.48 93,055,471.45  
  (2) ROPA, gross 97,934,180.68 97,241,845.70 97,106,478.35 96,549,274.06 96,527,042.07 96,576,790.28 96,212,985.12 95,909,732.68 93,260,142.76 91,169,652.28 90,514,880.64 90,609,954.81  
  (a) Real and Other Properties Acquired (ROPA) 89,597,951.07 88,860,469.49 88,746,171.71 88,434,952.88 88,451,337.66 88,824,472.19 88,129,876.27 87,929,864.25 86,176,951.08 84,303,576.31 83,965,546.55 84,111,253.99  
  (b) Non-Current Assets Held for Sale 3,235,752.04 3,227,054.28 3,220,436.27 3,287,758.52 3,223,863.27 3,028,046.97 2,905,256.98 3,152,013.69 2,371,191.82 2,391,560.86 2,331,625.70 1,960,674.03  
  (c) Non-Performing Sales Contract Receivables (SCR) 5,100,477.56 5,154,321.94 5,139,870.38 4,826,562.66 4,851,841.14 4,724,271.12 5,177,851.87 4,827,854.74 4,711,999.87 4,474,515.11 4,217,708.39 4,538,026.79  
  Gross Assets 9,104,668,463.45 9,122,006,324.49 9,265,134,013.75 9,179,961,862.40 9,223,394,322.29 9,412,960,551.92 9,372,886,325.15 9,459,953,072.28 9,539,365,701.39 9,573,440,783.46 9,786,111,926.62 10,232,847,666.35  
  (1) Total Assets 8,946,222,988.16 8,963,508,906.29 9,104,850,115.17 9,019,700,246.86 9,062,127,754.34 9,251,188,052.07 9,210,902,670.54 9,296,034,191.93 9,377,861,501.61 9,411,876,715.37 9,623,797,488.84 10,069,630,229.87  
  (2) Allowance on NPA 158,445,475.29 158,497,418.20 160,283,898.58 160,261,615.53 161,266,567.95 161,772,499.85 161,983,654.61 163,918,880.35 161,504,199.78 161,564,068.08 162,314,437.78 163,217,436.48  
  NPA Coverage Ratio 83.48 82.77 84.08 83.92 83.73 84.53 84.63 83.16 85.25 86.07 87.25 88.87  
  Allowance on NPA 158,445,475.29 158,497,418.20 160,283,898.58 160,261,615.53 161,266,567.95 161,772,499.85 161,983,654.61 163,918,880.35 161,504,199.78 161,564,068.08 162,314,437.78 163,217,436.48  
  NPA 189,798,794.64 191,481,182.67 190,632,902.03 190,973,677.39 192,596,413.84 191,374,493.30 191,405,804.40 197,108,811.42 189,440,648.59 187,707,208.26 186,032,872.13 183,665,426.26  
  Distressed Assets Ratio 4.79 4.77 4.66 4.72 4.71 4.60 4.59 4.65 4.31 4.29 4.17 3.86  
  Distressed Assets 206,167,101.72 207,655,788.68 206,729,103.19 211,166,118.68 213,238,434.05 212,383,193.87 212,050,555.02 218,220,996.20 207,341,394.92 206,271,290.60 205,318,865.98 201,128,729.76  
  NPA 189,798,794.64 191,481,182.67 190,632,902.03 190,973,677.39 192,596,413.84 191,374,493.30 191,405,804.40 197,108,811.42 189,440,648.59 187,707,208.26 186,032,872.13 183,665,426.26  
  RL, Performing 16,368,307.07 16,174,606.01 16,096,201.16 20,192,441.28 20,642,020.21 21,008,700.57 20,644,750.62 21,112,184.77 17,900,746.33 18,564,082.34 19,285,993.85 17,463,303.50  
  TLP, gross  4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  Total ROPA 105,223,253.01 104,568,476.19 104,090,478.62 103,520,680.19 103,209,368.70 103,205,506.40 102,265,916.07 102,573,772.22 100,640,846.53 98,553,592.80 98,023,031.11 97,893,946.17  
  (1) ROPA, gross 97,934,180.68 97,241,845.70 97,106,478.35 96,549,274.06 96,527,042.07 96,576,790.28 96,212,985.12 95,909,732.68 93,260,142.76 91,169,652.28 90,514,880.64 90,609,954.81  
  (2) Performing SCR 7,289,072.33 7,326,630.49 6,984,000.27 6,971,406.13 6,682,326.64 6,628,716.12 6,052,930.96 6,664,039.54 7,380,703.76 7,383,940.52 7,508,150.46 7,283,991.36  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 33.37 33.03 32.44 31.11 30.97 31.35 31.04 30.43 29.55 28.99 28.51 29.13  
  Cash and Due from Banks   2,296,974,875.63 2,268,841,345.17 2,254,012,638.24 2,144,326,017.64 2,138,507,793.00 2,222,374,975.95 2,198,252,662.57 2,164,965,232.57 2,129,727,659.32 2,093,788,714.17 2,094,392,723.89 2,237,062,160.42  
  Deposits 6,883,099,600.80 6,868,186,410.98 6,948,006,707.48 6,891,986,147.11 6,904,228,790.02 7,089,171,754.05 7,081,314,296.19 7,114,933,387.43 7,206,069,917.39 7,222,987,829.08 7,346,128,797.58 7,680,626,523.26  
  (2) Liquid Assets to Deposits Ratio 61.74 61.43 61.40 60.04 60.04 59.63 59.36 59.04 57.83 57.72 57.86 57.44  
  Liquid Assets, sum of: 4,249,541,388.82 4,218,814,979.27 4,265,732,418.02 4,138,069,291.39 4,145,387,410.56 4,227,190,654.83 4,203,184,661.93 4,200,755,600.17 4,167,093,381.87 4,168,862,312.33 4,250,656,203.82 4,412,022,361.70  
  (1) Cash and Due from Banks 2,296,974,875.63 2,268,841,345.17 2,254,012,638.24 2,144,326,017.64 2,138,507,793.00 2,222,374,975.95 2,198,252,662.57 2,164,965,232.57 2,129,727,659.32 2,093,788,714.17 2,094,392,723.89 2,237,062,160.42  
  (2) Financial Assets, net (excl. equity investments) 1,952,566,513.18 1,949,973,634.09 2,011,719,779.78 1,993,743,273.76 2,006,879,617.57 2,004,815,678.88 2,004,931,999.36 2,035,790,367.60 2,037,365,722.55 2,075,073,598.16 2,156,263,479.93 2,174,960,201.29  
  Deposits 6,883,099,600.80 6,868,186,410.98 6,948,006,707.48 6,891,986,147.11 6,904,228,790.02 7,089,171,754.05 7,081,314,296.19 7,114,933,387.43 7,206,069,917.39 7,222,987,829.08 7,346,128,797.58 7,680,626,523.26  
  (3) Loans (gross) to Deposits 61.00 61.88 62.32 63.48 64.13 63.66 63.74 64.50 65.29 65.24 65.75 66.63  
  Loans (gross) 4,198,475,344.98 4,249,700,838.72 4,329,734,388.00 4,374,943,170.98 4,427,888,562.29 4,513,287,709.42 4,513,616,883.78 4,588,790,616.71 4,704,655,882.28 4,712,030,254.43 4,829,955,006.96 5,117,884,049.79  
  Deposits 6,883,099,600.80 6,868,186,410.98 6,948,006,707.48 6,891,986,147.11 6,904,228,790.02 7,089,171,754.05 7,081,314,296.19 7,114,933,387.43 7,206,069,917.39 7,222,987,829.08 7,346,128,797.58 7,680,626,523.26  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.28 1.20 1.19 1.28  
  Annualized Net Profit or Loss  105,087,365.74 101,736,315.77 104,690,087.93 121,661,140.00  
  Average Assets 8,188,901,945.17 8,480,394,546.07 8,792,901,390.56 9,533,381,356.13  
  Total Assets (last year) 7,272,953,775.17 7,709,601,040.06 8,207,941,279.51 8,997,132,482.39  
  Total Assets (current year) 9,104,850,115.17 9,251,188,052.07 9,377,861,501.61 10,069,630,229.87  
  (2) Return on Equity (ROE) 10.06 9.83 9.89 10.96  
  Annualized Net Profit or Loss  105,087,365.74 101,736,315.77 104,690,087.93 121,661,140.00  
  Average Capital 1,044,715,505.36 1,034,554,330.18 1,058,268,893.70 1,110,193,768.98  
  Total Capital (last year) 1,044,712,667.59 994,171,600.97 1,010,277,865.53 1,003,572,039.61  
  Total Capital (current year) 1,044,718,343.13 1,074,937,059.40 1,106,259,921.87 1,216,815,498.35  
  (3) Earning Asset Yield 4.09 4.06 4.01 3.80  
  Annualized Interest Income 304,597,469.78 314,991,596.06 324,223,726.14 332,927,992.32  
  Average Earning Assets 7,453,439,679.30 7,767,560,855.57 8,085,491,133.56 8,752,563,939.68  
  Earning Assets (last year) 6,505,345,903.39 6,982,243,110.69 7,504,422,307.70 8,277,595,838.74  
  Earning Assets (current year) 8,401,533,455.22 8,552,878,600.45 8,666,559,959.42 9,227,532,040.62  
  (4) Funding Cost 1.03 0.96 0.95 0.90  
  Annualized Interest Expense 67,746,982.40 66,657,508.01 68,919,005.23 70,831,684.36  
  Average Interest Bearing Liabilities 6,598,800,257.65 6,937,033,922.00 7,234,920,092.59 7,911,672,644.00  
  Interest Bearing Liabilities (last year) 5,676,982,080.51 6,221,213,362.46 6,676,927,249.76 7,461,405,770.17  
  Interest Bearing Liabilities (current year) 7,520,618,434.79 7,652,854,481.53 7,792,912,935.42 8,361,939,517.83  
  (5) Interest Spread 3.06 3.09 3.06 2.91  
  (3) Earning Asset Yield 4.09 4.06 4.01 3.80  
  (4) Funding Cost 1.03 0.96 0.95 0.90  
  (6) Net Interest Margin 3.17 3.19 3.15 2.99  
  Annualized Net Interest Income 236,496,712.66 248,109,817.28 255,067,306.17 261,749,952.42  
  Average Earning Assets 7,453,439,679.30 7,767,560,855.57 8,085,491,133.56 8,752,563,939.68  
  (7) Cost to Income Ratio 63.72 63.95 63.51 61.20  
  Annualized Non-Interest Expenses 221,575,933.05 226,548,585.57 232,477,838.37 238,203,088.21  
  Annualized Total Operating Income 347,734,369.25 354,278,388.43 366,032,796.87 389,245,227.81  
  (8) Net Interest Income to Total Operating Income 68.01 70.03 69.68 67.25  
  Annualized Net Interest Income  236,496,712.66 248,109,817.28 255,067,306.17 261,749,952.42  
  Annualized Total Operating Income 347,734,369.25 354,278,388.43 366,032,796.87 389,245,227.81  
  (9) Non-interest Income to Total Operating Income 31.99 29.97 30.32 32.75  
  Annualized Non-Interest Income 111,237,656.59 106,168,571.15 110,965,490.70 127,495,275.39  
  Annualized Total Operating Income 347,734,369.25 354,278,388.43 366,032,796.87 389,245,227.81  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 15.45 15.94 16.32 15.23  
  Capital Adequacy Ratio - Conso 16.35 16.66 16.99 16.19  
  Total Capital Accounts to Total Assets 11.06 11.49 11.47 11.61 11.91 11.62 11.87 11.85 11.80 12.27 12.41 12.08