Financial Highlights
STATEMENTS OF INCOME
For
the years ended December 31, 2007 and 2006
(Amounts in Philippine Pesos)
| |
Notes |
2007 |
2006 |
| Interest Income On |
|
|
|
| Available-for-sale securities |
6 |
427,442 |
385,878 |
| Held-to-maturity investments |
7 |
365,911 |
285,043 |
| Financial assets at fair value through
profit or loss |
5 |
315,892 |
672,378 |
| Due from other banks |
4 |
160,008 |
89,576 |
| Loans and other receivables |
8 |
125,145 |
31,737 |
| |
|
1,394,398 |
1,464,613 |
| Interest Expense On |
|
|
|
| Deposit liabilities |
11 |
559,045 |
313,282 |
| Bills payable |
12,20 |
390,741 |
654,782 |
| Sub Total |
|
949,787 |
968,064 |
| |
|
|
|
| Net Interest Income |
|
444,611 |
496,549 |
| |
|
|
|
| Other Income |
|
|
|
| Trading and securities gain - net |
5,7,13 |
227,835 |
215,705 |
| Foreign exchange gain - net |
|
94,898 |
69,343 |
| Service charges, fees and commissions
|
20 |
44,567 |
31,111 |
| Others |
6 |
98,959 |
7,698 |
| |
|
466,258 |
323,857 |
| Other Expenses |
|
|
|
| Taxes and Licenses |
|
110,362 |
102,240 |
| Employee benefits |
18 |
105,426 |
67,917 |
| Occupancy |
21 |
20,215 |
19,596 |
| Insurance |
|
19,832 |
9,470 |
| Depreciation and amortization |
9,10 |
17,995 |
18,050 |
| Representation and entertainment
|
|
15,297 |
15,231 |
| Third party information |
16 |
12,324 |
12,751 |
| Others |
17 |
69,017 |
52,483 |
| |
|
370,469 |
297,737 |
| |
|
|
|
| Income Before Tax |
|
540,401 |
522,669 |
| Tax Expense |
19 |
81,291 |
65,400 |
| |
|
|
|
| Net Income |
|
459,110 |
457,269 |
| |
|
|
|
|
STATEMENTS OF CONDITION
December
31, 2007 and 2006
(Amounts
in Philippine Pesos)
| |
Notes |
2007 |
2006 |
| RESOURCES |
|
|
|
| Due from Bangko Sentral
ng Pilipinas |
|
1,065,291 |
1,961,855 |
| Due from other banks |
4 |
3,768,120 |
2,153,969 |
| Investment Securities |
|
|
|
| • Financial
assets at fair value through profit and loss |
5 |
7,230,616 |
7,341,851 |
| • Available-for-sale
securities |
6 |
5,755,301 |
5,805,079 |
| • Held-to-maturity
investments |
7 |
5,326,121 |
4,065,814 |
| Loans and receivables |
8 |
1,348,018 |
739,024 |
| Bank premises, furniture,
fixtures and equipment - Net
|
9 |
38,142 |
45,233 |
| Other Resources |
10 |
35,101 |
58,427 |
| Total Resources |
|
24,566,710 |
22,171,252 |
| |
|
|
|
| LIABILITIES & CAPITAL FUNDS |
|
|
|
| Deposit Liabilities |
11 |
|
|
| • Demand
|
|
2,043,553 |
2,484,229 |
| • Time |
|
10,467,457 |
5,956,931 |
| Total Deposit Liabilities |
|
12,511,011 |
8,441,160 |
| |
|
|
|
| Bills Payable |
12 |
7,734,246 |
9,482,770 |
| Derivative Financial Instruments
|
13 |
632,976 |
328,102 |
| Accrued Taxes and other
Liabilities |
14 |
115,678 |
96,827 |
| Total Liabilities |
|
20,993,911 |
18,348,860 |
| |
|
|
|
| Equity |
15 |
3,572,800 |
3,822,392 |
| |
|
|
|
| Total Liabilities and Equity |
|
24,566,710 |
22,171,252 |
| |
|
|
|
|
|
