BALANCE SHEET

CONSOLIDATED BALANCE SHEET

(Head Office and Branches)

As of December 31, 2014

(Bank and Financial Subsidiaries)

As of December 31, 2014

Current Quarter

Previous Quarter

Current Quarter

Cash and Cash Items

Due from Bangko Sentral ng Pilipinas
Due from Other Banks
Financial Assets at Fair Value through Profit or Loss
Available-for-Sale Financial Assets-Net
Held-to-Maturity (HTM) Financial Assets-Net
Investments in Non-Marketable Equity Security-Net
Loans and Receivables-Net
Interbank Loans Receivable
Loans and Receivables-Others
Loans and Receivables Arising from RA/CA/PR/SLB
General Loan Loss Provision
Other Financial Assets
Equity Investment in Subsidiaries, Associates and Joint
Ventures-Net
Bank Premises, Furniture, Fixture and Equipment-Net
Real and Other Properties Acquired-Net
Non-Current Assets Held for Sale
Other Assets-Net
TOTAL ASSETS

37,343,522,532.51
170,647,555,225.67
15,461,211,923.88
42,568,386,660.68
41,093,341,379.86
189,974,233,443.82
58,869,850.14
622,091,909,976.83
5,230,973,137.69
623,516,908,806.44
6,655,971,967.30
6,061,504,726.84

19,169,552,855.35
164,881,529,061.62
7,568,107,511.86
56,059,560,421.35
24,608,426,397.58
193,098,779,812.99
58,869,850.14
531,954,655,825.54
4,843,300,304.85
533,722,772,435.73
55,000,000.00
6,666,416,915.04
4,413,725,581.39

40,064,495,096.76
9,274,064,145.73
2,126,045,713.88
74,742,809.78
19,014,612,413.18
1,195,854,495,899.56

39,172,334,688.84
9,867,976,470.35
2,107,464,145.91
83,393,644.95
12,720,410,126.42
1,065,764,786,394.29

Cash and Cash Items

Due from Bangko Sentral ng Pilipinas
Due from Other Banks
Financial Assets at Fair Value through Profit or Loss
Available-for-Sale Financial Assets-Net
Held-to-Maturity (HTM) Financial Assets-Net
Investments in Non-Marketable Equity Security-Net
Loans and Receivables-Net
Interbank Loans Receivable
Loans and Receivables-Others
Loans and Receivables Arising from RA/CA/PR/SLB
General Loan Loss Provision
Other Financial Assets
Equity Investment in Subsidiaries, Associates and Joint
Ventures-Net
Bank Premises, Furniture, Fixture and Equipment-Net
Real and Other Properties Acquired-Net
Non-Current Assets Held for Sale
Other Assets-Net
TOTAL ASSETS

LIABILITIES
Financial Liabilities at Fair Value through Profit or Loss
Deposit Liabilities
Due to Other Banks
Bills Payable
a) BSP (Rediscounting and Other Advances)
b) Interbank Loans Payable
c) Other Deposit Substitute
c) Others
Other Financial Liabilities
Other Liabilities
TOTAL LIABILITIES

34,845,831,628.04
952,751,465,022.30
244,946,972.42
26,288,376,597.67
22,315,280,000.00
3,748,186,964.44
224,909,633.23
10,482,326,916.78
32,683,218,561.53
1,057,296,165,698.74

35,280,682,112.29
848,013,634,908.45
113,743,632.28
16,850,088,933.24
16,603,750,000.00
246,338,933.24
9,936,507,890.94
23,252,190,854.73
933,446,848,331.93

TOTAL STOCKHOLDERS' EQUITY

138,558,330,200.82

132,317,938,062.36

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

1,195,854,495,899.56

1,065,764,786,394.29

Financial Liabilities at Fair Value through Profit or Loss

Deposit Liabilities
Due to Other Banks
Bills Payable
a) BSP (Rediscounting and Other Advances)
b) Interbank Loans Payable
c) Other Deposit Substitute
c) Others
Other Financial Liabilities
Other Liabilities
TOTAL LIABILITIES

68,532,054,735.28
13,593,098,501.88
56,433,176,963.66

68,529,404,333.58
7,367,502,459.17
56,421,031,269.61

Capital Stock
Other Capital Accounts
Retained Earnings
Minority Interest in Subsidiaries
TOTAL STOCKHOLDERS' EQUITY

1/

19,955,889,963.65
196,397,513,173.04
13,895,671,720.33
56,875,203,680.25
31,123,182,540.17
207,517,223,104.84
92,067,118.39
703,795,797,559.87
5,812,115,271.18
704,137,231,828.02
1,955,000,000.00
8,108,549,539.33
5,166,995,668.42

6,262,637,276.94
10,398,328,073.94
4,069,938,916.31
274,460,914.54
25,497,294,671.09
1,434,405,200,763.32

6,160,084,997.72
10,979,431,921.59
4,036,012,429.23
297,603,861.00
19,119,204,424.88
1,275,411,882,163.38

34,845,831,628.04
1,176,934,844,463.27
244,108,931.85
30,652,551,394.39
28,924,584.95
22,328,700,495.37
3,748,186,964.44
4,546,739,349.63
13,233,033,532.85
38,396,040,302.92
1,294,306,410,253.32

35,280,682,112.29
1,045,093,205,393.01
112,897,426.71
21,242,861,844.67
36,562,638.10
16,617,247,162.86
4,589,052,043.71
11,969,458,859.74
29,316,683,269.67
1,143,015,788,906.09

68,532,054,735.28
13,700,816,896.02
56,433,176,963.66
1,432,741,915.04
140,098,790,510.00

68,529,404,333.58
7,367,502,459.17
56,421,031,269.61
78,155,194.93
132,396,093,257.29

1,434,405,200,763.32

1,275,411,882,163.38

CONTINGENT ACCOUNTS

316,998,078.18
3,154,279,117.24
1,738,325,100.43
7,289,491,651.51
882,681,912.09
73,339,241,356.74
4,540,245,975.62
522,055,803,229.50
369,919,135,567.01
152,136,667,662.49
535,023,383,810.55
20,384,564,655.21
1,168,725,014,887.07

338,224,495.16
2,560,351,733.48
2,342,731,639.80
8,848,728,656.80
1,528,522,811.42
74,376,515,090.98
11,801,697,838.92
506,475,122,614.34
370,950,902,224.47
135,524,220,389.87
485,217,774,078.64
31,505,092,068.68
1,124,994,761,028.22

Guarantees Issued
Financial Standby Letters of Credit
Performance Standby Letters of Credit
Commercial Letters of Credit
Trade Related Guarantees
Commitments
Spot Foreign Exchange Contracts
Trust Department Accounts
a) Trust and Other Fiduciary Accounts
b) Agency Accounts
Derivatives
Others
TOTAL CONTINGENT ACCOUNTS

ADDITIONAL INFORMATION
Gross total loan portfolio (TLP)
Specific allowance for credit losses on the TLP
Non-Performing Loans (NPLs)
a. Gross NPLs
b. Ratio of gross NPLs to gross TLP
c. Net NPLs
d. Ratio of Net NPLs to gross TLP
Classified Loans & Other Risk Assets, gross of allowance
for credit losses
DOSRI Loans and receivables, gross of allowance
of credit losses
Ratio of DOSRI loans and receivables, gross of allowance
for credit losses, to gross TLP
Gross non-performing DOSRI loans and receivables
Percent Compliance with Magna Carta
a. 8% for Micro and Small Enterprises
b. 2% for Medium Entreprises
Return on Equity (ROE)
Capital Adequacy Ratio (CAR) on Solo Basis, as prescribed
under existing regulations
a. Total CAR
b. Tier 1 Ratio
c. Common Equity Tier 1 Ratio 1/

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

CONTINGENT ACCOUNTS

38,478,445,690.55
211,946,456,903.17
21,592,410,560.53
51,806,153,948.25
50,356,593,918.12
206,085,438,140.24
92,067,118.39
800,385,021,009.89
5,865,257,904.25
802,462,814,997.64
500,000,000.00
8,443,051,892.00
7,159,953,621.36

STOCKHOLDERS' EQUITY

Capital Stock
Other Capital Accounts
Retained Earnings

LIABILITIES

STOCKHOLDERS' EQUITY

Guarantees Issued
Financial Standby Letters of Credit
Performance Standby Letters of Credit
Commercial Letters of Credit
Trade Related Guarantees
Commitments
Spot Foreign Exchange Contracts
Trust Department Accounts
a) Trust and Other Fiduciary Accounts
b) Agency Accounts
Derivatives
Others
TOTAL CONTINGENT ACCOUNTS

Previous Quarter

ASSETS

ASSETS

316,998,078.18
3,154,279,117.24
1,738,325,100.43
7,289,491,651.51
882,681,912.09
74,152,063,841.99
4,540,245,975.62
522,055,803,229.50
369,919,135,567.01
152,136,667,662.49
536,050,220,280.57
118,652,165,054.95
1,268,832,274,242.08

338,224,495.16
2,560,351,733.48
2,342,731,639.80
8,848,728,656.80
1,528,522,811.42
75,129,406,937.30
11,801,697,838.92
506,475,122,614.34
370,950,902,224.47
135,524,220,389.87
486,052,449,078.64
128,924,915,155.66
1,224,002,150,961.52

ADDITIONAL INFORMATION

633,893,057,501.13
5,145,175,557.00
7,351,999,296.86
1.16%
2,206,823,739.86
0.35%

543,767,565,806.16
5,146,493,065.58
7,842,038,110.96
1.44%
2,695,545,045.38
0.50%

16,342,280,040.41

17,531,205,065.22

18,244,987,065.42

15,424,948,155.15

1. List of Financial Allied Subsidiaries (excluding Subsidiary Insurance Companies)

a) BPI Family Savings Bank, Inc.
b) BPI Capital Corporation
c) BPI Direct Savings Bank, Inc.
d) BPI Century Tokyo Lease & Finance Corporation (formerly BPI Leasing Corporation)
e) BPI Card Finance Corporation
f) BPI Express Remittance Corporation
g) BPI Foreign Exchange Corporation
h) BPI International Finance Limited
i) BPI Europe, PLC.
j) BPI Globe BanKO
k) BPI Investment Management Inc.

2.88%
9,088,598.40

2.84%
4,685,518.00

6.48%
9.46%
14.68%

5.54%
8.12%
14.02%

2. List of Subsidiary Insurance Companies

a) BPI/MS Insurance Corporation
b) FGU Insurance Corporation
c) Ayala Plans, Inc.

13.58%
12.69%
12.69%

14.64%
13.77%
13.77%

3. Capital Adequacy Ratio (CAR) on Consolidated Basis, as prescribed under existing regulations
a. Total CAR
14.85%
13.97%
b. Tier 1 Ratio
c. Common Equity Tier 1 Ratio 1/
13.97%

Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks.

1/

15.74%
14.87%
14.87%

Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks.

REPUBLIC OF THE PHILIPPINES)

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

REPUBLIC OF THE PHILIPPINES)

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

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

We, CEZAR P. CONSING and JOSEPH ALBERT L. GOTUACO, of the above-mentioned Bank, do solemnly swear that
all 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

Chief Finance Officer

(Sgd) CEZAR P. CONSING

President

(Sgd) JOSEPH ALBERT L. GOTUACO

Chief Finance Officer

(Sgd) CEZAR P.CONSING

President

SUBSCRIBED AND SWORN TO BEFORE ME this January 30, 2015 at Makati City, Metro Manila affiants exhibiting to me
their Passport No. EB9284966, issued at Hong Kong on October 2, 2013 and Passport No. EC2373461, issued at DFA
Manila on October 10, 2014, repectively.

SUBSCRIBED AND SWORN TO BEFORE ME this January 30, 2015 at Makati City, Metro Manila affiants exhibiting to me
their Passport No. EB9284966, issued at Hong Kong on October 2, 2013 and Passport No. EC2373461, issued at DFA
Manila on October 10, 2014, repectively.

Doc. No. 476

Page No. 97
Book No. I
Series of 2015

Doc. No. 448

Page No. 91
Book No. I
Series of 2015

(SGD) DENCIO B. BARGAS

Notary Public for Makati City
Until December 31, 2016, Appointment No. M-212
Unit 500, Madrigal Bldg., Ayala Ave., Makati City
PTR No. 3671871, 1-3-13, Makati City
IBP No. 834309, 12-6-12, Pasig City
Attorney's Roll No. 26223

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

(SGD) DENCIO B. BARGAS

Notary Public for Makati City
Until December 31, 2016, Appointment No. M-212
Unit 500, Madrigal Bldg., Ayala Ave., Makati City
PTR No. 3671871, 1-3-13, Makati City
IBP No. 834309, 12-6-12, Pasig City
Attorney's Roll No. 26223