43 Selected Performance Indicators                          
                             
                             
  Thrift 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 5.93 5.96 5.40 5.48 5.22 5.16 5.21 4.78 4.83 4.78 4.60 4.65  
  Past Due Loans 31,971,965.03 32,267,738.56 29,577,309.62 29,960,469.32 29,377,801.40 29,057,255.24 29,995,636.46 27,971,804.55 27,823,334.00 27,768,072.42 27,439,150.12 26,763,605.29  
  Total Loan Portfolio (TLP), gross  539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  RL to TLP 0.76 0.79 0.80 0.80 0.74 0.74 0.76 0.61 0.58 0.56 0.55 0.57  
  Restructured Loans (RL), gross 4,084,646.77 4,279,005.19 4,378,186.65 4,394,525.61 4,177,398.50 4,162,262.05 4,388,889.58 3,584,883.99 3,350,019.35 3,270,301.15 3,268,686.67 3,272,445.87  
  TLP, gross  539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  Loan Loss Reserves (LLR) to TLP 3.79 3.83 3.43 3.47 3.41 3.39 3.35 3.29 3.37 3.36 3.25 3.38  
  Allowance for Credit Losses (ACL) - TLP 20,455,884.52 20,712,894.66 18,770,529.16 18,946,453.62 19,195,313.01 19,088,057.79 19,270,332.45 19,239,432.08 19,374,993.70 19,506,513.43 19,415,985.76 19,468,244.09  
  TLP, gross  539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  Gross NPL Ratio 5.48 5.48 4.94 5.08 4.92 4.83 4.88 4.49 4.52 4.49 4.35 4.40  
  Gross Non-Performing Loans (NPL) 29,564,325.02 29,687,051.20 27,057,398.64 27,799,380.98 27,701,137.85 27,164,901.79 28,121,140.16 26,265,636.72 26,049,109.61 26,061,479.78 25,991,099.39 25,373,203.53  
  TLP, gross  539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  Gross NPL Ratio, net of IBL 5.50 5.50 4.96 5.11 5.01 4.86 4.93 4.51 4.54 4.47 4.37 4.40  
  Gross NPL, net of NP IBL 29,338,657.02 29,461,383.20 26,831,730.64 27,573,712.98 27,475,469.85 26,939,233.79 27,895,472.16 26,039,968.71 25,823,441.61 25,842,995.86 25,772,615.46 25,154,719.61  
  (1) Gross NPL 29,564,325.02 29,687,051.20 27,057,398.64 27,799,380.98 27,701,137.85 27,164,901.79 28,121,140.16 26,265,636.72 26,049,109.61 26,061,479.78 25,991,099.39 25,373,203.53  
  (2) Non-performing IBL 225,668.00 225,668.00 225,668.00 225,668.00 225,668.00 225,668.00 225,668.00 225,668.00 225,668.00 218,483.92 218,483.92 218,483.92  
  TLP, gross net of IBL 533,373,451.45 535,375,999.08 541,195,359.11 539,907,935.23 547,878,678.12 553,946,962.25 565,500,358.07 576,952,997.40 568,675,544.44 578,209,994.12 589,414,206.48 572,314,408.81  
  (1) TLP, gross 539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  (2) Interbank Loans Receivables (IBL) 5,762,659.63 5,952,742.56 6,595,358.82 6,846,937.84 14,719,883.84 8,903,099.45 10,501,700.05 8,164,381.78 7,102,835.74 2,248,200.67 7,709,553.40 3,742,571.12  
  Net NPL Ratio 2.58 2.57 2.40 2.52 2.38 2.30 2.38 2.03 2.01 1.98 2.00 1.97  
  NPL, net of Specific ACL 13,894,615.61 13,905,556.90 13,145,976.06 13,782,657.82 13,388,672.91 12,930,794.51 13,698,085.24 11,851,962.24 11,571,957.80 11,468,940.09 11,935,633.89 11,346,098.66  
  (1) Gross NPL 29,564,325.02 29,687,051.20 27,057,398.64 27,799,380.98 27,701,137.85 27,164,901.79 28,121,140.16 26,265,636.72 26,049,109.61 26,061,479.78 25,991,099.39 25,373,203.53  
  (2) Specific ACL 15,669,709.42 15,781,494.30 13,911,422.58 14,016,723.16 14,312,464.94 14,234,107.29 14,423,054.92 14,413,674.48 14,477,151.81 14,592,539.70 14,055,465.50 14,027,104.87  
  TLP, gross  539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  NPL Coverage Ratio 69.19 69.77 69.37 68.15 69.29 70.27 68.53 73.25 74.38 74.85 74.70 76.73  
  ACL - TLP 20,455,884.52 20,712,894.66 18,770,529.16 18,946,453.62 19,195,313.01 19,088,057.79 19,270,332.45 19,239,432.08 19,374,993.70 19,506,513.43 19,415,985.76 19,468,244.09  
  Gross NPL 29,564,325.02 29,687,051.20 27,057,398.64 27,799,380.98 27,701,137.85 27,164,901.79 28,121,140.16 26,265,636.72 26,049,109.61 26,061,479.78 25,991,099.39 25,373,203.53  
  NPA to Gross Assets  6.06 6.07 5.74 5.86 5.74 5.59 5.58 5.32 5.34 5.36 5.21 5.01  
  Non-Performing Assets (NPA) 49,472,333.90 49,373,866.07 46,681,236.78 47,739,260.14 47,775,878.34 47,119,809.40 48,289,775.98 45,441,768.38 45,658,403.70 45,757,110.75 45,798,147.59 45,290,628.65  
  (1) Gross NPL 29,564,325.02 29,687,051.20 27,057,398.64 27,799,380.98 27,701,137.85 27,164,901.79 28,121,140.16 26,265,636.72 26,049,109.61 26,061,479.78 25,991,099.39 25,373,203.53  
  (2) ROPA, gross 19,908,008.87 19,686,814.87 19,623,838.14 19,939,879.16 20,074,740.49 19,954,907.60 20,168,635.82 19,176,131.67 19,609,294.10 19,695,630.97 19,807,048.20 19,917,425.12  
  (a) Real and Other Properties Acquired (ROPA) 18,406,517.04 18,157,776.43 18,127,428.76 18,323,722.53 18,426,093.49 18,301,361.65 18,462,976.77 17,504,534.45 17,878,545.44 17,931,477.26 18,018,549.05 17,985,256.96  
  (b) Non-Current Assets Held for Sale 624,734.69 628,388.92 662,511.58 750,832.12 812,698.03 839,593.91 854,863.54 831,706.95 921,953.63 926,655.48 911,612.30 1,070,114.30  
  (c) Non-Performing Sales Contract Receivables (SCR) 876,757.14 900,649.52 833,897.80 865,324.51 835,948.97 813,952.05 850,795.51 839,890.26 808,795.02 837,498.22 876,886.85 862,053.86  
  Gross Assets 816,333,556.12 813,099,712.11 813,727,182.15 814,653,287.54 831,905,744.94 842,331,857.44 865,043,614.66 854,354,498.16 854,859,257.24 853,658,333.23 878,803,055.81 904,584,830.99  
  (1) Total Assets 791,883,118.33 788,409,679.01 791,012,136.22 791,667,647.37 808,578,562.75 819,103,104.18 841,520,388.89 830,996,312.94 831,383,166.86 830,017,014.57 855,225,512.03 880,969,663.52  
  (2) Allowance on NPA 24,450,437.79 24,690,033.10 22,715,045.93 22,985,640.17 23,327,182.19 23,228,753.25 23,523,225.77 23,358,185.22 23,476,090.39 23,641,318.66 23,577,543.78 23,615,167.46  
  NPA Coverage Ratio 49.42 50.01 48.66 48.15 48.83 49.30 48.71 51.40 51.42 51.67 51.48 52.14  
  Allowance on NPA 24,450,437.79 24,690,033.10 22,715,045.93 22,985,640.17 23,327,182.19 23,228,753.25 23,523,225.77 23,358,185.22 23,476,090.39 23,641,318.66 23,577,543.78 23,615,167.46  
  NPA 49,472,333.90 49,373,866.07 46,681,236.78 47,739,260.14 47,775,878.34 47,119,809.40 48,289,775.98 45,441,768.38 45,658,403.70 45,757,110.75 45,798,147.59 45,290,628.65  
  Distressed Assets Ratio 9.09 9.08 8.53 8.76 8.48 8.30 8.34 7.71 7.85 7.80 7.59 7.77  
  Distressed Assets 51,148,030.26 51,241,747.98 48,713,255.13 49,939,035.56 49,702,030.33 48,665,282.21 50,008,471.75 46,807,536.42 46,998,551.72 47,026,208.39 47,036,124.22 46,557,358.61  
  NPA 49,472,333.90 49,373,866.07 46,681,236.78 47,739,260.14 47,775,878.34 47,119,809.40 48,289,775.98 45,441,768.38 45,658,403.70 45,757,110.75 45,798,147.59 45,290,628.65  
  RL, Performing 1,675,696.37 1,867,881.91 2,032,018.35 2,199,775.43 1,926,151.99 1,545,472.81 1,718,695.77 1,365,768.04 1,340,148.02 1,269,097.64 1,237,976.63 1,266,729.96  
  TLP, gross  539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  Total ROPA 23,592,658.30 23,311,017.69 23,419,860.24 23,637,604.38 23,703,580.75 23,550,126.78 23,637,493.19 22,288,691.90 22,689,218.64 22,738,730.94 22,762,782.93 23,122,188.24  
  (1) ROPA, gross 19,908,008.87 19,686,814.87 19,623,838.14 19,939,879.16 20,074,740.49 19,954,907.60 20,168,635.82 19,176,131.67 19,609,294.10 19,695,630.97 19,807,048.20 19,917,425.12  
  (2) Performing SCR 3,684,649.42 3,624,202.82 3,796,022.10 3,697,725.23 3,628,840.26 3,595,219.18 3,468,857.37 3,112,560.24 3,079,924.54 3,043,099.98 2,955,734.73 3,204,763.12  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 24.06 23.02 21.67 21.62 21.14 21.69 22.62 20.93 22.46 21.49 21.84 27.32  
  Cash and Due from Banks   155,457,593.42 147,950,865.67 138,614,921.61 139,507,370.05 139,555,503.12 144,679,524.18 155,923,101.50 141,800,417.11 150,038,083.21 142,879,128.96 149,182,444.38 191,171,455.79  
  Deposits 646,007,386.12 642,815,842.91 639,743,606.70 645,128,723.86 660,293,230.15 667,084,696.67 689,387,107.75 677,516,526.49 668,037,373.51 664,780,406.98 683,028,409.64 699,874,208.56  
  (2) Liquid Assets to Deposits Ratio 33.91 33.18 32.53 32.49 31.93 33.03 33.34 31.42 33.28 32.52 33.00 38.64  
  Liquid Assets, sum of: 219,087,794.96 213,268,630.40 208,092,301.46 209,618,612.75 210,858,539.49 220,346,859.82 229,832,516.67 212,899,953.02 222,321,226.08 216,164,462.46 225,365,492.58 270,438,087.21  
  (1) Cash and Due from Banks 155,457,593.42 147,950,865.67 138,614,921.61 139,507,370.05 139,555,503.12 144,679,524.18 155,923,101.50 141,800,417.11 150,038,083.21 142,879,128.96 149,182,444.38 191,171,455.79  
  (2) Financial Assets, net (excl. equity investments) 63,630,201.53 65,317,764.73 69,477,379.85 70,111,242.70 71,303,036.37 75,667,335.64 73,909,415.18 71,099,535.92 72,283,142.87 73,285,333.50 76,183,048.20 79,266,631.42  
  Deposits 646,007,386.12 642,815,842.91 639,743,606.70 645,128,723.86 660,293,230.15 667,084,696.67 689,387,107.75 677,516,526.49 668,037,373.51 664,780,406.98 683,028,409.64 699,874,208.56  
  (3) Loans (gross) to Deposits 83.46 84.21 85.63 84.75 85.20 84.37 83.55 86.36 86.19 87.32 87.42 82.31  
  Loans (gross) 539,136,111.07 541,328,741.65 547,790,717.92 546,754,873.07 562,598,561.96 562,850,061.70 576,002,058.12 585,117,379.18 575,778,380.18 580,458,194.79 597,123,759.89 576,056,979.93  
  Deposits 646,007,386.12 642,815,842.91 639,743,606.70 645,128,723.86 660,293,230.15 667,084,696.67 689,387,107.75 677,516,526.49 668,037,373.51 664,780,406.98 683,028,409.64 699,874,208.56  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 0.85 0.86 0.97 1.25  
  Annualized Net Profit or Loss  6,155,889.85 6,579,098.22 7,553,830.77 10,286,641.41  
  Average Assets 722,477,667.52 765,036,623.35 782,473,344.72 826,174,736.74  
  Total Assets (last year) 653,943,198.83 710,970,142.52 733,563,522.58 771,379,809.96  
  Total Assets (current year) 791,012,136.22 819,103,104.18 831,383,166.86 880,969,663.52  
  (2) Return on Equity (ROE) 6.85 7.30 8.25 10.59  
  Annualized Net Profit or Loss  6,155,889.85 6,579,098.22 7,553,830.77 10,286,641.41  
  Average Capital 89,899,965.54 90,126,444.22 91,510,621.41 97,178,241.30  
  Total Capital (last year) 90,601,928.55 87,652,956.43 87,695,425.07 85,566,992.44  
  Total Capital (current year) 89,198,002.53 92,599,932.02 95,325,817.76 108,789,490.16  
  (3) Earning Asset Yield 7.24 7.01 7.02 6.97  
  Annualized Interest Income 48,874,760.86 50,457,422.93 52,003,584.06 54,319,354.27  
  Average Earning Assets 674,978,710.40 719,703,063.91 740,389,088.08 779,014,188.64  
  Earning Assets (last year) 602,725,397.57 666,065,319.38 691,730,352.50 728,234,243.56  
  Earning Assets (current year) 747,232,023.22 773,340,808.44 789,047,823.65 829,794,133.71  
  (4) Funding Cost 2.17 2.01 1.95 1.91  
  Annualized Interest Expense 13,133,160.19 13,028,433.98 13,008,514.06 13,421,907.63  
  Average Interest Bearing Liabilities 606,241,711.51 647,959,287.59 665,466,539.07 703,272,305.25  
  Interest Bearing Liabilities (last year) 540,137,371.04 598,619,851.81 623,546,773.18 661,663,821.17  
  Interest Bearing Liabilities (current year) 672,346,051.98 697,298,723.37 707,386,304.95 744,880,789.33  
  (5) Interest Spread 5.07 5.00 5.07 5.06  
  (3) Earning Asset Yield 7.24 7.01 7.02 6.97  
  (4) Funding Cost 2.17 2.01 1.95 1.91  
  (6) Net Interest Margin 5.28 5.19 5.25 5.24  
  Annualized Net Interest Income 35,636,470.39 37,323,777.14 38,904,029.92 40,805,869.26  
  Average Earning Assets 674,978,710.40 719,703,063.91 740,389,088.08 779,014,188.64  
  (7) Cost to Income Ratio 67.35 69.40 69.14 66.75  
  Annualized Non-Interest Expenses 32,313,522.93 32,926,810.45 34,515,974.79 35,133,949.64  
  Annualized Total Operating Income 47,978,575.45 47,441,955.10 49,920,027.94 52,633,571.56  
  (8) Net Interest Income to Total Operating Income 74.28 78.67 77.93 77.53  
  Annualized Net Interest Income  35,636,470.39 37,323,777.14 38,904,029.92 40,805,869.26  
  Annualized Total Operating Income 47,978,575.45 47,441,955.10 49,920,027.94 52,633,571.56  
  (9) Non-interest Income to Total Operating Income 25.72 21.33 22.07 22.47  
  Annualized Non-Interest Income 12,342,105.06 10,118,177.96 11,015,998.02 11,827,702.30  
  Annualized Total Operating Income 47,978,575.45 47,441,955.10 49,920,027.94 52,633,571.56  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 16.35 16.75 17.03 18.77  
  Total Capital Accounts to Total Assets 11.11 11.26 11.29 11.47 11.47 11.40 11.25 11.40 11.56 11.82 12.63 12.44