|
| Statements of Income |
| |
Years Ended December 31 |
| |
2006 |
2005 |
| INTEREST INCOME |
| Loans and receivables |
P 1,554,606,007 |
P 1,499,126,568 |
| Trading and investment securities |
490,860,474 |
600,555,465 |
| Due from other banks and interbank loans receivable and securities purchased under resale agreement |
64,566,822 |
43,176,005 |
| |
2,110,033,303 |
2,142,858,038 |
| INTEREST EXPENSE |
| Deposit liabilities |
1,165,565,025 |
1,171,646,024 |
| Other borrowings |
35,419,733 |
26,133,937 |
| |
1,200,984,758 |
1,197,779,961 |
| NET INTEREST INCOME |
909,048,545 |
945,078,077 |
| Service charges, fees and commissions |
235,620,053 |
194,374,920 |
| Trading and securities gains - net |
154,427,743 |
210,461,695 |
| Trust income |
31,210,774 |
23,657,017 |
| Dividend income |
15,749,432 |
- |
| Gains on asset foreclosure and dacion transactions |
11,117,299 |
63,164,026 |
| Foreign exchange gain - net |
9,643,990 |
- |
| Miscellaneous |
63,487,836 |
21,676,382 |
| TOTAL OPERATING INCOME |
1,430,305,672 |
1,458,412,117 |
| Compensation and fringe benefits |
403,360,353 |
338,689,572 |
| Taxes and licenses |
132,827,767 |
95,932,656 |
| Rent |
111,231,409 |
109,770,454 |
| Depreciation and amortization |
103,417,608 |
110,762,493 |
| Provision for impairment and credit losses |
71,034,447 |
103,411,270 |
| Transportation and traveling |
63,920,649 |
37,864,759 |
| Security, messengerial and janitorial services |
55,359,804 |
42,627,820 |
| Insurance |
48,464,239 |
43,748,020 |
| Litigation expenses |
44,166,741 |
6,260,777 |
| Repairs and maintenance |
32,640,423 |
25,300,612 |
| Power, light and water |
32,496,771 |
27,276,168 |
| Postage, telephone, cables and telegram |
30,379,834 |
31,443,146 |
| Advertising |
30,283,206 |
45,562,908 |
| Stationery and supplies |
25,025,897 |
21,273,211 |
| Amortization of computer software |
23,422,918 |
42,831,290 |
| Service, charges, fees and commissions |
18,326,893 |
15,648,455 |
| Entertainment, amusement and recreation |
16,201,721 |
27,907,104 |
| Management and other professional fees |
15,035,887 |
10,938,751 |
| Brokerage fees |
7,525,457 |
8,225,128 |
| Impairment loss on goodwill |
5,000,000 |
5,184,286 |
| Foreign exchange loss-net |
- |
3,548,366 |
| Miscellaneous |
69,345,485 |
53,829,413 |
| TOTAL OPERATING EXPENSE |
1,339,467,509 |
1,208,036,659 |
| INCOME BEFORE PROVISION FOR (BENEFIT FROM)INCOME TAX |
P 90,838,163 |
P 250,375,458 |
| PROVISION FOR (BENEFIT FROM) INCOME TAX |
(36,437,523) |
48,660,470 |
| NET INCOME |
127,275,686 |
201,714,988 |
| BASIC EARNINGS PER SHARE |
P 58.69 |
P 108.32 |
| DILUTED EARNINGS PER SHARE |
P 4.54 |
P 8.39 |
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