31 Income Statement          
             
             
  Commercial Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-18 Jun-18 Sep-18 Dec-18  
   
  TOTAL OPERATING INCOME   15,542,492.64 28,880,967.54 43,114,224.40 58,929,289.83  
  Interest Income 12,355,780.70 25,665,919.27 40,154,930.43 56,389,108.15  
  Interest Expense 2,464,299.04 5,300,531.41 8,716,110.54 13,323,892.20  
  Provision for Losses on Accrued Interest Income from Financial Assets 45,042.66 815,767.04 941,782.24 1,171,227.29  
  Net Interest Income 9,846,439.00 19,549,620.82 30,497,037.65 41,893,988.65  
  Non-Interest income 5,696,053.65 9,331,346.72 12,617,186.75 17,035,301.18  
  (1) Dividend Income 2,230.25 32,854.48 292,997.59 296,298.02  
  (2) Fees and Commissions Income 2,075,748.82 4,317,940.19 6,649,083.74 9,014,730.06  
  (3) Trading Income 2,986,045.62 3,671,905.99 3,840,765.06 4,964,842.68  
  (a) Realized Gains/(Losses) from Sale/Redemption (648,581.28) (781,356.69) (385,745.47) (497,329.14)  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 934,897.70 1,222,668.53 586,593.54 716,317.00  
  (c) Realized Gains/(Losses) from FX Transactions (351,093.77) (317,767.81) (571,474.82) (303,858.99)  
  (d) Foreign Exchange Profit/(Loss) 858,686.57 1,191,897.48 1,900,648.25 2,720,711.55  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 75,146.41 100,408.78 123,852.02 63,593.02  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 1,915,337.17 2,034,362.30 2,188,476.27 2,267,720.34  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 200,451.69 223,466.36 30.43 30.43  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 1,201.15 (1,772.96) (1,615.16) (2,341.51)  
  (4) Other income 632,028.96 1,308,646.07 1,834,340.36 2,759,430.42  
  NON-INTEREST EXPENSES 9,531,756.74 19,084,927.55 28,730,378.75 39,516,682.08  
  (1) Compensation/Fringe Benefits 3,044,840.86 6,209,138.34 9,406,129.51 12,836,455.99  
  (2) Taxes and Licenses 1,185,362.93 2,310,321.35 3,474,938.16 4,780,242.88  
  (3) Fees and Commissions 278,158.90 570,078.55 876,322.94 1,242,742.33  
  (4) Other Administrative Expenses 4,391,274.66 8,789,375.33 13,151,841.79 18,228,177.16  
  (5) Depreciation/Amortization 541,658.69 1,050,646.23 1,606,013.80 2,132,109.87  
  (6) Impairment Losses 61,187.43 111,187.78 141,045.77 199,699.72  
  (7) Provisions 29,273.27 44,179.97 74,086.78 97,254.14  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (674,027.58) (1,727,849.98) (2,779,959.10) (4,400,550.61)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (1,039,736.56) (2,015,155.37) (1,831,529.53) (2,881,870.71)  
  (2) Bad Debts Written Off (585,782.17) (1,182,004.77) (1,807,287.19) (2,476,948.63)  
  (3) Recovery on Charged-Off Assets 951,491.14 1,469,310.16 858,857.62 958,268.73  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 5,336,708.32 8,068,190.00 11,603,886.55 15,012,057.14  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 41,274.62 50,493.25 29,440.51 27,182.80  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 5,377,982.94 8,118,683.25 11,633,327.05 15,039,239.95  
  Income Tax Expense 1,335,335.89 2,637,606.00 4,314,816.90 5,711,346.42  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 4,042,647.06 5,481,077.25 7,318,510.15 9,327,893.52  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 4,042,647.06 5,481,077.25 7,318,510.15 9,327,893.52  
             
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 8 February 2019