59 Income Statement          
             
             
  Cooperative Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-15 Jun-15 Sep-15 Dec-15  
   
  TOTAL OPERATING INCOME   393,266.68 822,264.31 1,245,971.16 1,741,494.49  
  Interest Income 389,618.26 784,813.88 1,193,888.22 1,641,272.22  
  Interest Expense 106,632.61 212,762.73 320,915.19 436,617.98  
  Provision for Losses on Accrued Interest Income from Financial Assets 0.00 0.00 0.00 0.00  
  Net Interest Income 282,985.64 572,051.16 872,973.03 1,204,654.24  
  Non-Interest income 110,281.03 250,213.16 372,998.13 536,840.25  
  (1) Dividend Income 24.26 24.26 117.90 287.39  
  (2) Fees and Commissions Income 61,261.16 137,012.05 211,158.42 291,766.00  
  (3) Trading Income 13,071.96 37,948.22 44,184.58 82,912.07  
  (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 0.00 0.00 2.30 2.30  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 13,071.96 37,948.22 44,182.28 82,909.77  
  (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 35,833.29 75,271.99 117,914.40 162,251.96  
  NON-INTEREST EXPENSES 296,151.38 618,297.06 924,410.23 1,371,216.82  
  (1) Compensation/Fringe Benefits 139,184.33 305,959.17 453,268.22 678,867.70  
  (2) Taxes and Licenses 8,077.73 17,870.73 27,424.62 41,547.93  
  (3) Fees and Commissions 1,472.24 3,448.69 5,768.89 8,162.97  
  (4) Other Administrative Expenses 96,082.43 191,868.06 292,056.99 397,388.04  
  (5) Depreciation/Amortization 20,001.80 42,035.34 62,516.11 86,317.20  
  (6) Impairment Losses 1,630.18 3,361.68 3,654.08 4,031.60  
  (7) Provisions 29,702.68 53,753.38 79,721.32 154,901.37  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (7,932.24) (134,605.23) (128,074.75) (167,685.01)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (9,712.00) (138,294.26) (133,724.87) (175,653.93)  
  (2) Bad Debts Written Off 0.00 0.00 (26.76) (26.76)  
  (3) Recovery on Charged-Off Assets 1,779.76 3,689.03 5,676.89 7,995.68  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 89,183.06 69,362.02 193,486.19 202,592.67  
  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 89,183.06 69,362.02 193,486.19 202,592.67  
  Income Tax Expense 1,300.00 3,771.44 6,533.88 9,211.89  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 87,883.06 65,590.58 186,952.31 193,380.78  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 87,883.06 65,590.58 186,952.31 193,380.78