59 Income Statement          
             
             
  Cooperative Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-14 Jun-14 Sep-14 Dec-14  
   
  TOTAL OPERATING INCOME   410,549.22 802,154.01 1,224,314.96 1,583,739.35  
  Interest Income 406,186.99 795,283.67 1,184,325.40 1,502,354.62  
  Interest Expense 111,124.81 227,914.80 328,501.55 396,895.33  
  Provision for Losses on Accrued Interest Income from Financial Assets 0.00 0.00 0.00 0.00  
  Net Interest Income 295,062.17 567,368.88 855,823.85 1,105,459.29  
  Non-Interest income 115,487.04 234,785.14 368,491.11 478,280.06  
  (1) Dividend Income 25.97 367.59 91.23 117.20  
  (2) Fees and Commissions Income 64,936.97 141,298.77 191,813.22 272,595.81  
  (3) Trading Income 11,368.66 25,542.14 58,988.59 66,126.17  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00 0.00 0.00 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00 0.00 0.00 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00 0.00 0.00 0.00  
  (d) Foreign Exchange Profit/(Loss) 0.00 0.00 0.00 0.00  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 1,286.74 855.80 18,095.97 18,095.97  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 10,081.92 24,686.34 40,892.62 48,030.20  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 0.00 0.00 0.00 0.00  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00 0.00 0.00  
  (4) Other income 39,155.44 67,576.64 117,598.07 139,440.87  
  NON-INTEREST EXPENSES 398,955.64 667,408.57 895,349.96 1,156,885.02  
  (1) Compensation/Fringe Benefits 138,978.32 284,628.11 420,841.09 597,394.46  
  (2) Taxes and Licenses 9,407.31 17,830.48 26,106.02 38,611.43  
  (3) Fees and Commissions 401.90 791.42 1,376.95 2,786.16  
  (4) Other Administrative Expenses 104,293.41 202,184.22 309,265.40 370,941.93  
  (5) Depreciation/Amortization 20,034.59 39,654.65 60,195.37 74,695.21  
  (6) Impairment Losses 674.53 974.69 2,210.36 2,798.52  
  (7) Provisions 125,165.58 121,345.00 75,354.76 69,657.31  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (319.23) (6,790.19) (139,645.00) (68,354.91)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (2,901.00) (9,434.24) (146,446.36) (74,691.70)  
  (2) Bad Debts Written Off (21.38) 0.00 (1.58) (20.82)  
  (3) Recovery on Charged-Off Assets 2,603.15 2,644.06 6,802.94 6,357.62  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 11,274.35 127,955.26 189,320.00 358,499.42  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 0.00 0.00 0.00 0.00  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 11,274.35 127,955.26 189,320.00 358,499.42  
  Income Tax Expense 1,200.00 3,022.87 4,387.43 5,702.76  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 10,074.35 124,932.38 184,932.56 352,796.66  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 10,074.35 124,932.38 184,932.56 352,796.66