STATEMENTS OF INCOME

INTEREST IN COME ON

Held-to-maturity investments

7

523,367,851

538,031,442

Loans and other receivables

8

351,403,815

533,595,442

Financial assets at fair value through profit or loss

5

210,359,586

215,509,834

Available-for-sale securities

6

P      133,410,628

P       189,216,311

Due from other banks

4

48,484,242

51,558,140

1,267,026,122

1,527,911,169

INTEREST EXPENSE ON

Deposit liabilities

11

417,398,873

690,351,425

Bills payable

12

63,570,298

169,425,611

480,969,171

859,777,036

NET INTEREST INCOME

786,056,951

668,134,133

IMPAIRMENT LOSS

7, 8

57,882,521

207,223,155

NET INTEREST INCOME AFTER IMPAIRMENT LOSS

728,174,430

460,910,978

OTHER INCOME

Trading and securities gain - net

5,7,13

308,481,297

275,850,074

Service charges, fees and commissions

16

159,395,494

138,682,796

Foreign exchange gain - net

6, 3

145,818,746

239,450,707

Others

6

24,079,369

1,104,179

637,774,906

655,087,756

Employee benefits

19

207,286,497

185,548,648

Taxes and licenses

89,637,225

139,756,141

Representation and entertainment

56,271,738

29,741,766

Management and professional fees

48,641,821

30,699,901

Insurance

34,639,737

39,499,085

Occupancy

25

34,358,518

30,285,036

Depreciation and amortization

9,10

24,623,936

20,551,446

24,425,222

17,844,166

Third party information

17

24,051,890

19,707,738

Travel

19,328,456

25,451,512

Others

18

70,005,657

66,653,434

633,270,742

605,738,873

PROFIT BEFORE TAX

732,678,594

510,259,861

TAX EXPENSE

20

84,294,281

85,722,366

NET PROFIT

P       648,384,313

P       424,537,495

NET PROFIT

P       648,384,313

P       424,537,495

OTHER COMPREHENSIVE ICOME (LOSS)

6

24,581,603

237,671,203

Unrealized fair value gains (losses) on available-for-sale securities (AFS)

6,8

22,628,380

149,827,543

Transfer of realized fair value losses on AFS securities to statements of income

1,953,223

387,498,746

TOTAL COMPREHENSIVE INCOME (LOSS)

P      646,431,090

P      812,036,241