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-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15  
   
  ASSET QUALITY RATIOS:   
  Past Due Ratio 2.23 2.40 2.34 2.27 2.18 2.10 2.10 2.08 2.03 1.97 1.96 1.77  
  Past Due Loans 109,200,606.99 116,913,256.40 116,991,364.72 113,712,624.48 109,076,575.40 107,234,216.01 107,458,965.82 108,536,927.89 106,359,101.93 105,400,191.99 106,455,404.05 101,311,279.03  
  Total Loan Portfolio (TLP), gross  4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  RL to TLP 0.62 0.60 0.60 0.59 0.59 0.57 0.57 0.53 0.56 0.54 0.51 0.50  
  Restructured Loans (RL), gross 30,148,161.16 29,273,777.27 29,731,321.86 29,534,992.83 29,302,111.93 29,355,321.52 29,251,432.22 27,643,326.71 29,127,803.85 28,728,089.08 28,007,520.51 28,345,825.19  
  TLP, gross  4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  Loan Loss Reserves (LLR) to TLP 2.71 2.76 2.70 2.72 2.75 2.64 2.66 2.63 2.54 2.49 2.45 2.26  
  Allowance for Credit Losses (ACL) - TLP 132,783,416.82 134,361,360.93 134,543,554.35 136,036,436.27 137,568,387.92 134,924,097.49 136,059,584.25 137,023,662.94 133,090,125.44 133,253,314.55 133,502,819.47 129,219,710.31  
  TLP, gross  4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  Gross NPL Ratio 1.98 1.96 1.95 1.96 1.94 1.84 1.90 1.86 1.82 1.77 1.75 1.60  
  Gross Non-Performing Loans (NPL) 96,715,069.73 95,655,144.94 97,364,517.51 97,872,511.20 96,922,168.43 94,122,020.92 97,084,764.27 97,047,776.98 95,240,959.67 94,523,855.12 95,374,604.84 91,598,635.84  
  TLP, gross  4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  Gross NPL Ratio, net of IBL 2.04 2.02 2.00 2.01 1.98 1.89 1.94 1.91 1.86 1.81 1.80 1.65  
  Gross NPL, net of NP IBL 96,020,925.58 94,960,676.64 96,694,568.40 97,229,535.43 96,295,822.58 93,496,578.35 96,459,119.92 96,422,923.46 94,615,405.71 93,898,550.34 94,749,058.33 91,000,975.86  
  (1) Gross NPL 96,715,069.73 95,655,144.94 97,364,517.51 97,872,511.20 96,922,168.43 94,122,020.92 97,084,764.27 97,047,776.98 95,240,959.67 94,523,855.12 95,374,604.84 91,598,635.84  
  (2) Non-performing IBL 694,144.15 694,468.30 669,949.11 642,975.77 626,345.85 625,442.57 625,644.36 624,853.53 625,553.97 625,304.77 625,546.51 597,659.98  
  TLP, gross net of IBL 4,708,132,510.62 4,699,945,515.80 4,823,941,167.72 4,847,219,596.79 4,866,526,682.05 4,954,871,471.70 4,964,269,213.36 5,044,183,544.27 5,090,451,302.22 5,179,930,040.29 5,270,149,004.30 5,506,707,756.97  
  (1) TLP, gross 4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  (2) Interbank Loans Receivables (IBL) 184,056,251.37 174,569,022.52 167,972,924.11 155,653,113.19 132,598,735.85 155,616,910.26 150,134,933.84 164,362,451.38 154,137,801.54 173,445,009.80 170,397,249.75 212,956,842.84  
  Net NPL Ratio 0.38 0.32 0.36 0.34 0.30 0.30 0.36 0.35 0.34 0.34 0.37 0.38  
  NPL, net of Specific ACL 18,723,115.11 15,619,924.92 18,092,986.35 17,222,000.37 15,012,460.10 15,355,612.76 18,519,948.86 18,487,333.69 18,006,026.60 18,306,588.37 19,877,156.37 21,672,677.61  
  (1) Gross NPL 96,715,069.73 95,655,144.94 97,364,517.51 97,872,511.20 96,922,168.43 94,122,020.92 97,084,764.27 97,047,776.98 95,240,959.67 94,523,855.12 95,374,604.84 91,598,635.84  
  (2) Specific ACL 77,991,954.62 80,035,220.02 79,271,531.16 80,650,510.83 81,909,708.34 78,766,408.16 78,564,815.41 78,560,443.30 77,234,933.08 76,217,266.75 75,497,448.47 69,925,958.23  
  TLP, gross  4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  NPL Coverage Ratio 137.29 140.46 138.19 138.99 141.94 143.35 140.15 141.19 139.74 140.97 139.98 141.07  
  ACL - TLP 132,783,416.82 134,361,360.93 134,543,554.35 136,036,436.27 137,568,387.92 134,924,097.49 136,059,584.25 137,023,662.94 133,090,125.44 133,253,314.55 133,502,819.47 129,219,710.31  
  Gross NPL 96,715,069.73 95,655,144.94 97,364,517.51 97,872,511.20 96,922,168.43 94,122,020.92 97,084,764.27 97,047,776.98 95,240,959.67 94,523,855.12 95,374,604.84 91,598,635.84  
  NPA to Gross Assets  1.90 1.88 1.86 1.87 1.84 1.78 1.79 1.73 1.69 1.67 1.66 1.57  
  Non-Performing Assets (NPA) 187,927,676.27 186,673,523.94 187,817,041.22 187,703,185.57 184,969,644.24 181,694,129.68 184,056,667.85 180,696,356.44 178,140,369.63 176,931,331.20 178,036,583.12 173,345,403.53  
  (1) Gross NPL 96,715,069.73 95,655,144.94 97,364,517.51 97,872,511.20 96,922,168.43 94,122,020.92 97,084,764.27 97,047,776.98 95,240,959.67 94,523,855.12 95,374,604.84 91,598,635.84  
  (2) ROPA, gross 91,212,606.54 91,018,379.00 90,452,523.71 89,830,674.37 88,047,475.80 87,572,108.76 86,971,903.58 83,648,579.45 82,899,409.95 82,407,476.08 82,661,978.28 81,746,767.69  
  (a) Real and Other Properties Acquired (ROPA) 84,287,557.54 84,130,900.50 83,507,486.23 82,815,591.45 80,875,125.71 80,450,635.61 79,846,729.75 76,660,709.90 76,419,659.81 75,996,164.14 76,271,487.45 75,231,738.08  
  (b) Non-Current Assets Held for Sale 2,090,788.96 1,874,366.50 1,843,125.64 1,765,262.57 2,283,574.04 2,164,631.54 2,115,602.53 2,092,682.13 1,743,251.57 1,722,564.84 1,731,963.43 1,627,196.33  
  (c) Non-Performing Sales Contract Receivables (SCR) 4,834,260.04 5,013,112.00 5,101,911.84 5,249,820.35 4,888,776.05 4,956,841.60 5,009,571.30 4,895,187.42 4,736,498.56 4,688,747.10 4,658,527.39 4,887,833.28  
  Gross Assets 9,905,616,018.51 9,925,614,956.81 10,117,341,856.87 10,025,833,958.45 10,065,942,442.52 10,221,123,005.35 10,310,046,559.49 10,416,267,638.91 10,555,603,845.36 10,566,478,222.30 10,707,441,917.74 11,049,951,057.82  
  (1) Total Assets 9,742,018,466.66 9,763,400,860.90 9,955,055,275.14 9,862,120,674.37 9,900,689,795.61 10,058,838,276.00 10,146,783,652.80 10,253,389,400.03 10,396,515,779.78 10,407,534,052.56 10,547,966,941.82 10,895,178,585.90  
  (2) Allowance on NPA 163,597,551.85 162,214,095.91 162,286,581.73 163,713,284.09 165,252,646.91 162,284,729.36 163,262,906.68 162,878,238.88 159,088,065.58 158,944,169.74 159,474,975.92 154,772,471.92  
  NPA Coverage Ratio 87.05 86.90 86.41 87.22 89.34 89.32 88.70 90.14 89.30 89.83 89.57 89.29  
  Allowance on NPA 163,597,551.85 162,214,095.91 162,286,581.73 163,713,284.09 165,252,646.91 162,284,729.36 163,262,906.68 162,878,238.88 159,088,065.58 158,944,169.74 159,474,975.92 154,772,471.92  
  NPA 187,927,676.27 186,673,523.94 187,817,041.22 187,703,185.57 184,969,644.24 181,694,129.68 184,056,667.85 180,696,356.44 178,140,369.63 176,931,331.20 178,036,583.12 173,345,403.53  
  Distressed Assets Ratio 4.11 4.10 4.02 4.00 3.93 3.79 3.82 3.69 3.63 3.52 3.47 3.23  
  Distressed Assets 205,044,126.47 203,645,436.35 204,595,720.98 203,991,052.00 200,141,786.93 197,146,809.17 199,139,980.64 195,362,697.43 193,520,908.32 191,837,437.76 191,978,408.25 187,688,029.35  
  NPA 187,927,676.27 186,673,523.94 187,817,041.22 187,703,185.57 184,969,644.24 181,694,129.68 184,056,667.85 180,696,356.44 178,140,369.63 176,931,331.20 178,036,583.12 173,345,403.53  
  RL, Performing 17,116,450.20 16,971,912.41 16,778,679.77 16,287,866.43 15,172,142.70 15,452,679.49 15,083,312.79 14,666,340.99 15,380,538.70 14,906,106.56 13,941,825.13 14,342,625.82  
  TLP, gross  4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  Total ROPA 98,036,410.48 97,843,707.79 97,579,995.46 97,286,136.39 95,465,522.37 94,805,437.77 94,035,999.13 90,524,683.25 89,932,571.79 89,460,022.06 89,641,652.64 89,047,993.93  
  (1) ROPA, gross 91,212,606.54 91,018,379.00 90,452,523.71 89,830,674.37 88,047,475.80 87,572,108.76 86,971,903.58 83,648,579.45 82,899,409.95 82,407,476.08 82,661,978.28 81,746,767.69  
  (2) Performing SCR 6,823,803.93 6,825,328.79 7,127,471.75 7,455,462.02 7,418,046.56 7,233,329.01 7,064,095.55 6,876,103.80 7,033,161.84 7,052,545.98 6,979,674.36 7,301,226.24  
  LIQUIDITY RATIOS  
  (1) Cash and Due from Banks to Deposits 28.43 28.71 28.63 27.25 27.27 27.70 27.65 26.83 27.57 26.72 26.55 27.15  
  Cash and Due from Banks   2,126,949,776.07 2,149,332,453.02 2,195,307,071.05 2,064,565,161.53 2,067,569,733.87 2,138,639,495.44 2,137,218,603.38 2,095,081,033.51 2,173,637,576.13 2,111,919,758.74 2,120,762,207.84 2,252,205,409.70  
  Deposits 7,480,860,627.94 7,487,634,883.07 7,667,677,124.68 7,575,521,092.06 7,581,657,137.03 7,720,193,076.73 7,728,942,207.25 7,807,380,216.19 7,883,842,935.49 7,902,713,233.17 7,988,805,789.93 8,295,106,599.99  
  (2) Liquid Assets to Deposits Ratio 57.61 58.02 57.59 56.97 57.41 57.22 57.90 57.52 58.23 56.90 56.57 55.61  
  Liquid Assets, sum of: 4,309,735,949.46 4,344,193,925.02 4,415,515,939.79 4,316,029,924.75 4,352,521,932.31 4,417,855,967.61 4,475,144,964.02 4,491,179,770.48 4,590,672,025.73 4,496,923,573.36 4,519,372,466.64 4,613,189,058.76  
  (1) Cash and Due from Banks 2,126,949,776.07 2,149,332,453.02 2,195,307,071.05 2,064,565,161.53 2,067,569,733.87 2,138,639,495.44 2,137,218,603.38 2,095,081,033.51 2,173,637,576.13 2,111,919,758.74 2,120,762,207.84 2,252,205,409.70  
  (2) Financial Assets, net (excl. equity investments) 2,182,786,173.39 2,194,861,471.99 2,220,208,868.75 2,251,464,763.22 2,284,952,198.45 2,279,216,472.16 2,337,926,360.64 2,396,098,736.97 2,417,034,449.60 2,385,003,814.61 2,398,610,258.79 2,360,983,649.06  
  Deposits 7,480,860,627.94 7,487,634,883.07 7,667,677,124.68 7,575,521,092.06 7,581,657,137.03 7,720,193,076.73 7,728,942,207.25 7,807,380,216.19 7,883,842,935.49 7,902,713,233.17 7,988,805,789.93 8,295,106,599.99  
  (3) Loans (gross) to Deposits 65.40 65.10 65.10 66.04 65.94 66.20 66.17 66.71 66.52 67.74 68.10 68.95  
  Loans (gross) 4,892,188,761.99 4,874,514,538.32 4,991,914,091.83 5,002,872,709.97 4,999,125,417.91 5,110,488,381.96 5,114,404,147.20 5,208,545,995.65 5,244,589,103.75 5,353,375,050.10 5,440,546,254.05 5,719,664,599.80  
  Deposits 7,480,860,627.94 7,487,634,883.07 7,667,677,124.68 7,575,521,092.06 7,581,657,137.03 7,720,193,076.73 7,728,942,207.25 7,807,380,216.19 7,883,842,935.49 7,902,713,233.17 7,988,805,789.93 8,295,106,599.99  
  SELECTED PROFITABILITY RATIOS  
  (1)  Return on Assets (ROA) 1.31 1.30 1.24 1.15  
  Annualized Net Profit or Loss  124,882,475.56 125,336,883.33 122,456,901.89 120,275,106.96  
  Average Assets 9,529,952,695.15 9,655,013,164.03 9,887,188,640.69 10,482,404,407.88  
  Total Assets (last year) 9,104,850,115.17 9,251,188,052.07 9,377,861,501.61 10,069,630,229.87  
  Total Assets (current year) 9,955,055,275.14 10,058,838,276.00 10,396,515,779.78 10,895,178,585.90  
  (2) Return on Equity (ROE) 11.07 10.70 10.09 9.80  
  Annualized Net Profit or Loss  124,882,475.56 125,336,883.33 122,456,901.89 120,275,106.96  
  Average Capital 1,128,416,383.40 1,171,821,593.29 1,214,145,450.53 1,227,520,981.57  
  Total Capital (last year) 1,044,718,343.13 1,074,937,059.40 1,106,259,921.87 1,216,815,498.35  
  Total Capital (current year) 1,212,114,423.67 1,268,706,127.18 1,322,030,979.18 1,238,226,464.79  
  (3) Earning Asset Yield 3.87 3.88 3.90 3.81  
  Annualized Interest Income 339,459,761.94 346,864,006.19 357,093,647.41 367,284,005.48  
  Average Earning Assets 8,781,368,338.87 8,937,262,070.36 9,146,705,465.01 9,651,185,849.40  
  Earning Assets (last year) 8,401,533,455.22 8,552,878,600.45 8,666,559,959.42 9,227,532,040.62  
  Earning Assets (current year) 9,161,203,222.52 9,321,645,540.27 9,626,850,970.61 10,074,839,658.17  
  (4) Funding Cost 0.93 0.97 0.98 0.95  
  Annualized Interest Expense 73,738,928.17 77,189,116.11 80,435,025.14 83,220,947.39  
  Average Interest Bearing Liabilities 7,888,624,637.93 7,992,223,228.26 8,183,211,507.52 8,735,959,270.14  
  Interest Bearing Liabilities (last year) 7,520,618,434.79 7,652,854,481.53 7,792,912,935.42 8,361,939,517.83  
  Interest Bearing Liabilities (current year) 8,256,630,841.06 8,331,591,974.98 8,573,510,079.62 9,109,979,022.44  
  (5) Interest Spread 2.93 2.92 2.92 2.85  
  (3) Earning Asset Yield 3.87 3.88 3.90 3.81  
  (4) Funding Cost 0.93 0.97 0.98 0.95  
  (6) Net Interest Margin 3.02 3.01 3.02 2.94  
  Annualized Net Interest Income 265,473,086.96 269,422,732.53 276,407,406.95 283,877,721.23  
  Average Earning Assets 8,781,368,338.87 8,937,262,070.36 9,146,705,465.01 9,651,185,849.40  
  (7) Cost to Income Ratio 60.99 61.18 62.03 63.59  
  Annualized Non-Interest Expenses 243,920,144.31 246,924,821.10 249,953,567.73 252,010,742.08  
  Annualized Total Operating Income 399,903,088.80 403,625,225.54 402,929,428.76 396,279,817.06  
  (8) Net Interest Income to Total Operating Income 66.38 66.75 68.60 71.64  
  Annualized Net Interest Income  265,473,086.96 269,422,732.53 276,407,406.95 283,877,721.23  
  Annualized Total Operating Income 399,903,088.80 403,625,225.54 402,929,428.76 396,279,817.06  
  (9) Non-interest Income to Total Operating Income 33.62 33.25 31.40 28.36  
  Annualized Non-Interest Income 134,430,001.85 134,202,493.02 126,522,021.81 112,402,095.83  
  Annualized Total Operating Income 399,903,088.80 403,625,225.54 402,929,428.76 396,279,817.06  
  CAPITAL ADEQUACY  
  Capital Adequacy Ratio - Solo 15.07 15.48 15.55 14.91  
  Capital Adequacy Ratio - Conso 16.10 16.42 16.40 15.78  
  Total Capital Accounts to Total Assets 12.77 12.61 12.18 12.89 12.91 12.61 12.81 12.75 12.72 12.95 12.61 11.36