Philippine National Bank and

Statement of Incom

(in hundred thousand Pesos)

2003
INTEREST INCOME ON
Loans and Receivables 3,791,603
Investment Securities 2,926,658
Deposits with banks and others 511,127
7,229,388
INTEREST EXPENSE ON
Deposit Liabilities 4,789,687
Bills Payable and other borrowings 905,501
5,695,188
NET INTEREST INCOME (Expense) 1,534,200
PROVISION FOR IMPAIRMENT LOSSES 416,543
NET INTEREST INCOME AFTER PROVISION 1,117,657
OTHER INCOME
Service Charges, fees and Commisions 1,929,442
Foreign Exchange gains 874,650
Trading and Investment securities gains- net 316,336
Equity in net earnings of a subsidiary and an associate (74,774)
Miscellaneous 1,924,612
4,970,266
OTHER EXPENSES
Compensation and Fringe benefits 2,679,700
Occupancy and equipment related costs 620,735
Depreciation and amortization 436,794
Taxes and Licenses 262,485
Miscellaneous 1,626,386
5,626,100
Income before income Tax 461,823
Provision for Income Tax 293,245
NET INCOME 168,578
Earnings (loss) per share

Basic 0.29
Diluted 0.29
lippine National Bank and Subsidiaries
Statement of Income

2004 2005

4,552,212 6,118,239
3,900,620 4,064,096
387,745 530,918
8,840,577 10,713,253

4,863,293 4,789,760
1,125,620 1,097,448
5,988,913 5,887,208
2,851,664 4,826,045
932,395 502,855
1,919,269 4,323,190

2,134,003 1,806,022
845,131 576,223
412,336 922,447

1,750,748 1,496,224
5,142,218 4,800,916

2,701,819 2,774,334
625,031 699,450
722,788 769,078
841,498 973,868
1,652,809 1,924,620
6,543,945 7,141,350
517,542 1,982,756
478,793 1,731,778
38,749 250,978

0.07 0.44
0.07 0.44