BALANCE SHEET CONSOLIDATED BALANCE SHEET

(Head Office and Branches) (Bank and Financial Subsidiaries)

As of December 31, 2015 As of December 31, 2015

Current Quarter Previous Quarter Current Quarter Previous Quarter

ASSETS ASSETS
Cash and Cash Items P 34,816,573,047.67 20,634,877,523.90 Cash and Cash Items P 35,701,114,433.50 21,348,560,290.69
Due from Bangko Sentral ng Pilipinas 174,370,372,872.94 171,668,196,260.03 Due from Bangko Sentral ng Pilipinas 214,959,993,900.79 204,046,400,318.52
Due from Other Banks 17,166,709,661.82 19,161,470,184.62 Due from Other Banks 21,156,647,266.80 21,950,931,872.19
Financial Assets at Fair Value through Profit or Loss 9,954,249,309.75 26,190,852,702.31 Financial Assets at Fair Value through Profit or Loss 12,602,786,955.62 29,856,372,224.26
Available-for-Sale Financial Assets-Net 36,305,904,478.16 30,785,659,307.34 Available-for-Sale Financial Assets-Net 41,606,996,875.58 36,380,294,672.33
Held-to-Maturity (HTM) Financial Assets-Net 221,696,398,101.49 218,228,238,263.66 Held-to-Maturity (HTM) Financial Assets-Net 241,078,848,023.02 238,204,181,240.62
Investments in Non-Marketable Equity Security-Net 59,671,870.43 56,268,248.31 Investments in Non-Marketable Equity Security-Net 255,380,084.37 249,287,249.70
Loans and Receivables-Net 666,099,020,861.82 592,578,395,282.44 Loans and Receivables-Net 880,567,435,576.00 792,586,561,666.71
Interbank Loans Receivable 6,159,675,871.87 7,122,334,506.15 Interbank Loans Receivable 7,519,806,039.18 8,545,165,143.99
Loans and Receivables-Others 667,548,487,755.88 583,518,945,049.75 Loans and Receivables-Others 876,479,178,779.90 782,861,375,191.95
Loans and Receivables Arising from RA/CA/PR/SLB - 8,560,000,000.00 Loans and Receivables Arising from RA/CA/PR/SLB 6,513,000,000.00 9,860,000,000.00
General Loan Loss Provision 7,609,142,765.93 6,622,884,273.46 General Loan Loss Provision 9,944,549,243.08 8,679,978,669.23
Other Financial Assets 6,372,373,189.81 5,087,006,204.30 Other Financial Assets 7,555,376,608.50 5,948,676,143.96
Equity Investment in Subsidiaries, Associates Equity Investment in Subsidiaries, Associates
and Joint Ventures-Net 47,252,696,659.88 45,616,520,038.95 and Joint Ventures-Net 8,474,741,246.94 8,362,366,471.96
Bank Premises, Furniture, Fixture and Equipment-Net 9,448,260,754.20 9,335,515,599.17 Bank Premises, Furniture, Fixture and Equipment-Net 10,584,505,270.89 10,447,083,272.12
Real and Other Properties Acquired-Net 1,603,679,289.45 1,607,625,859.95 Real and Other Properties Acquired-Net 3,686,157,626.56 3,676,796,308.35
Non-Current Assets Held for Sale - - Non-Current Assets Held for Sale 1,259,779.86 1,259,779.86
Other Assets-Net 16,508,384,050.96 17,568,536,233.01 Other Assets-Net 23,574,009,682.87 24,467,643,985.91
TOTAL ASSETS P 1,241,654,294,148.38 1,158,519,161,707.99 TOTAL ASSETS P 1,501,805,253,331.30 1,397,526,415,497.18

LIABILITIES LIABILITIES
Financial Liabilities at Fair Value through Profit or Loss P 3,215,364,571.51 3,623,729,881.30 Financial Liabilities at Fair Value through Profit or Loss P 3,216,282,595.03 3,625,501,958.56
Deposit Liabilities 1,033,608,615,755.08 961,702,954,921.63 Deposit Liabilities 1,277,346,380,182.49 1,185,287,583,917.63
Due to Other Banks 164,019,951.21 169,617,473.44 Due to Other Banks 164,019,951.21 169,617,473.44
Bills Payable 12,826,134,333.19 7,658,945,184.08 Bills Payable 18,740,945,186.40 13,079,630,785.93
a) BSP (Rediscounting and Other Advances) - - a) BSP (Rediscounting and Other Advances) 12,615,234.96 15,782,821.40
b) Interbank Loans Payable 12,706,200,000.00 7,478,400,000.00 b) Interbank Loans Payable 13,888,763,681.00 8,413,795,843.20
c) Other Deposit Substitute - 41,895,450.88 c) Other Deposit Substitute - 41,895,450.88
d) Others 119,934,333.19 138,649,733.20 d) Others 4,839,566,270.44 4,608,156,670.45
Other Financial Liabilities 11,827,764,051.42 11,250,943,180.97 Other Financial Liabilities 14,426,054,770.45 13,635,160,371.38
Other Liabilities 34,243,722,085.29 28,589,633,706.74 Other Liabilities 40,665,760,026.19 34,691,285,960.73
TOTAL LIABILITIES P 1,095,885,620,747.70 1,012,995,824,348.16 TOTAL LIABILITIES P 1,354,559,442,711.77 1,250,488,780,467.67

STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY

Capital Stock P 68,643,660,607.58 68,618,402,342.50 Capital Stock P 68,643,660,607.58 68,618,402,342.50
Other Capital Accounts 12,615,152,429.07 8,871,083,534.07 Other Capital Accounts 12,615,152,429.07 8,871,083,534.07
Retained Earnings 64,509,860,364.03 68,033,851,483.26 Retained Earnings 64,589,788,276.44 68,122,317,846.88
Minority Interest in Subsidiaries 1,397,209,306.44 1,425,831,306.06
TOTAL STOCKHOLDERS' EQUITY P 145,768,673,400.68 145,523,337,359.83 TOTAL STOCKHOLDERS' EQUITY P 147,245,810,619.53 147,037,635,029.51
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 1,241,654,294,148.38 1,158,519,161,707.99 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 1,501,805,253,331.30 1,397,526,415,497.18

CONTINGENT ACCOUNTS CONTINGENT ACCOUNTS

Guarantees Issued P 245,009,848.40 247,208,023.28 Guarantees Issued P 245,009,848.40 247,208,023.28
Financial Standby Letters of Credit 2,949,671,522.09 2,769,761,609.79 Financial Standby Letters of Credit 2,949,671,522.09 2,769,761,609.79
Performance Standby Letters of Credit 1,393,469,000.90 1,383,353,723.14 Performance Standby Letters of Credit 1,393,469,000.90 1,383,353,723.14
Commercial Letters of Credit 6,603,877,593.88 5,682,756,792.31 Commercial Letters of Credit 6,603,877,593.88 5,682,756,792.31
Trade Related Guarantees 697,884,278.20 842,224,997.56 Trade Related Guarantees 697,884,278.20 842,224,997.56
Commitments 78,774,252,568.93 80,579,480,415.35 Commitments 79,980,680,162.06 81,678,444,017.69
Spot Foreign Exchange Contracts 3,122,306,617.59 20,018,468,922.38 Spot Foreign Exchange Contracts 3,122,306,617.59 20,018,468,922.38
Trust Department Accounts 539,832,193,311.71 538,284,706,051.16 Trust Department Accounts 539,832,193,311.71 538,284,706,051.16
a) Trust and Other Fiduciary Accounts 382,425,796,407.87 382,930,375,618.20 a) Trust and Other Fiduciary Accounts 382,425,796,407.87 382,930,375,618.20
b) Agency Accounts 157,406,396,903.84 155,354,330,432.96 b) Agency Accounts 157,406,396,903.84 155,354,330,432.96
Derivatives 699,741,384,554.89 712,331,567,553.09 Derivatives 700,816,169,826.32 713,400,292,671.69
Others 17,760,907,860.56 19,193,486,157.46 Others 117,792,671,675.72 123,585,528,578.58
TOTAL CONTINGENT ACCOUNTS P 1,351,120,957,157.15 1,381,333,014,245.52 TOTAL CONTINGENT ACCOUNTS P 1,453,433,933,836.87 1,487,892,745,387.58

ADDITIONAL INFORMATION ADDITIONAL INFORMATION

Gross total loan portfolio (TLP) P 679,123,982,460.24 605,260,728,459.28 1. List of Financial Allied Subsidiaries (excluding Subsidiary Insurance Companies)
Specific allowance for credit losses on the TLP 5,415,818,832.49 6,059,448,903.38 a) BPI Family Savings Bank, Inc.
Non-Performing Loans (NPLs) b) BPI Capital Corporation
a. Gross NPLs 8,088,920,117.06 8,764,642,869.60 c) BPI Direct Savings Bank, Inc.
b. Ratio of gross NPLs to gross TLP 1.19% 1.45% d) BPI Century Tokyo Lease & Finance Corporation
c. Net NPLs 2,673,101,284.57 2,705,193,966.22 e) BPI Card Finance Corporation
d. Ratio of Net NPLs to gross TLP 0.39% 0.45% f) BPI Express Remittance Corporation
Classified Loans & Other Risk Assets, g) BPI Foreign Exchange Corporation
gross of allowance for credit losses 15,686,434,491.48 17,361,842,610.24 h) BPI International Finance Limited
DOSRI Loans and receivables, i) BPI Europe, PLC.
gross of allowance for credit losses 15,519,554,587.97 15,514,907,340.23 j) BPI Globe BanKO
Ratio of DOSRI loans and receivables, k) BPI Investment Management Inc.
gross of allowance for credit losses, to gross TLP 2.29% 2.56%
Gross non-performing DOSRI loans and receivables 342,814.41 796,408.81 2. List of Subsidiary Insurance Companies
Percent Compliance with Magna Carta a) BPI/MS Insurance Corporation
a. 8% for Micro and Small Enterprises 5.32% 5.19% b) FGU Insurance Corporation
b. 2% for Medium Entreprises 8.63% 8.18% c) Ayala Plans, Inc.
Return on Equity (ROE) 12.79% 13.05%
Capital Adequacy Ratio (CAR) on Solo Basis, 3. Capital Adequacy Ratio (CAR) on Consolidated Basis,
as prescribed under existing regulations as prescribed under existing regulations
a. Total CAR 12.02% 13.48% a. Total CAR 13.59% 14.86%
b. Tier 1 Ratio 11.13% 12.61% b. Tier 1 Ratio 12.71% 13.99%
c. Common Equity Tier 1 Ratio 1/ 11.13% 12.61% c. Common Equity Tier 1 Ratio 1/ 12.71% 13.99%
1/ 1/
Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks. Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks.

REPUBLIC OF THE PHILIPPINES) REPUBLIC OF THE PHILIPPINES)

City of Makati……………… .... ) S.S. City of Makati……………… .... ) S.S.

We, CEZAR P. CONSING and JOSEPH ALBERT L. GOTUACO, of the above-mentioned bank, do solemnly swear that We, CEZAR P. CONSING and JOSEPH ALBERT L. GOTUACO, of the above-mentioned bank, do solemnly swear that all
all matters set forth in the above Balance Sheet are true and correct to the best of our knowledge and belief. matters set forth in the above Balance Sheet are true and correct to the best of our knowledge and belief.

(Sgd) JOSEPH ALBERT L. GOTUACO (Sgd) CEZAR P. CONSING (Sgd) JOSEPH ALBERT L. GOTUACO (Sgd) CEZAR P. CONSING
Chief Financial Officer President Chief Financial Officer President
SUBSCRIBED AND SWORN TO BEFORE ME this February 02, 2016 at Makati City, Metro Manila affiants exhibiting to SUBSCRIBED AND SWORN TO BEFORE ME this February 02, 2016 at Makati City, Metro Manila affiants exhibiting to
me their Passport No. EB9284966 issued at HongKong on October 02, 2013 and Passport No. EC2373461 issued at me their Passport No. EB9284966 issued at HongKong on October 02, 2013 and Passport No. EC2373461 issued at
DFA Manila on October 10, 2014, repectively. DFA Manila on October 10, 2014, repectively.

Doc. No. 63 (SGD) BUENAVENTURA U. MENDOZA Doc. No. 64 (SGD) BUENAVENTURA U. MENDOZA
Page No. 14 Notary Public Page No. 14 Notary Public for Makati City
Book No. 76 Until December 31, 2016 Book No. 76 Until December 31, 2016
Series of 2016 PTR No. 5323698 Makati City - 1/04/16 Series of 2016 PTR No. 5323698 Makati City-1/04/16
IBP No. 975446 10-15-14 Roll No. 31206 IBP No.975446 10-15-14 Roll No.31206
500-A Madrigal Bldg., Ayala Avenue, Makati City 500-A Madrigal Bldg., Ayala Ave. Makati City

Member: Philippine Deposit Insurance Corporation. Maximum deposit insurance for each depositor is P500,000.