Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

Comprehensive Income – For the years ended 31 December 2010 vs. 2009Total Comprehensive Income for 2010 stood at P12.3 billion from a Net Income of P8.9 billion.This included unrealized fair value gains on AFS Securities of P3.8 billion and a translationadjustment related to foreign operations amounting to negative P350 million.The Total Comprehensive Income represents a 29% increase compared to 2009, which included aP3.4 billion unrealized gains on AFS Securities and a negative P1 million translation adjustmentrelated to foreign operations.Key Performance Indicators – 2010 vs. 20092010 2009 Inc/(Dec)Return on Average Equity 11.3% 9.7% 1.6%Return on Average Assets 1.0% 0.7% 0.3%Net Interest Margin 4.1% 4.1% 0.0%Capital to Risk Assets 13.8% 12.2% 1.6%Basic Earnings Per Share 3.37 2.57 0.80Return on Average Equity and Return on Average Assets grew to 11.3% and 1.0%, respectively,from higher bottomline profits.Net Interest Margin stayed at 4.1% despite the lower interest rate environment as funding miximproved given the growth in low cost deposits.Capital to Risk Assets increased by 1.6% on account mainly of the common share issuance in April2010.Basic Earnings Per Share rose to P3.37 owing to the increase in net income.2) Past and Future Financial Condition and Results of OperationsThe Bank registered an audited Net Income of P10.6 billion in 2011, a 19% growth from 2010bottomline profits of P8.9 billion. The improvement is a product of the Bank’s solid businessfranchise and sound financial fundamentals. The Bank is the industry leader in most of itsbusiness lines displaying above-industry growth rates. Its strong balance sheet ensures a diverseand sustainable earnings quality. It has a robust platform in place for sustainable growth and scalewith information technology infrastructure as well as branches and premises upgraded for bettermarket coverage.In 2011, the Bank completed two issuances of unsecured subordinated notes totaling P15.0 billion.The notes classified as Tier 2 Capital not only strengthens the Bank’s capital position, but it alsoprovides the Bank support for continued business expansion.SEC FORM 17-A 44