Bdo 2

BDO LIFE ASSURANCE COMPANY, INC.
(A Subsidiary of BDO Unibank, Inc.)

STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2019 AND 2018
(Amounts in Philippine Pesos)
Notes 2019 2018
ASSETS
CASH AND CASH EQUIVALENTS 4 P 704,805,648 P 1,177,196,700
INSURANCE RECEIVABLES 5 336,777,060 312,329,925
FINANCIAL ASSETS 6
Financial assets at fair value through profit or loss 18,078,097,678 12,201,700,999
Financial assets at fair value through other
comprehensive income 34,424,870,152 25,187,622,838
Investment securities at amortized cost - net 1,794,001,833 1,749,282,550
Loans and receivables - net 675,981,907 335,142,080
ACCRUED INCOME 8 427,166,018 337,720,351
REINSURANCE ASSETS 9 73,107,152 61,383,449
PROPERTY AND EQUIPMENT - Net 10 115,681,268 73,930,560
RIGHT-OF-USE ASSETS - Net 11 86,808,705 -
INTANGIBLE ASSETS - Net 12 14,579,707 13,115,873
DEFERRED TAX ASSETS 25 20,931,212 14,459,389
OTHER ASSETS 13 31,475,098 30,834,550
TOTAL ASSETS P 56,784,283,438 P 41,494,719,264
LIABILITIES AND EQUITY
INSURANCE CONTRACT LIABILITIES 14 P 42,472,537,332 P 28,505,773,392
PREMIUM DEPOSIT FUND 15 3,734,514,926 3,605,295,480
INSURANCE PAYABLES 16 85,422,075 77,455,909
NET PENSION LIABILITY 24 19,510,843 41,645,398
LEASE LIABILITIES 11 87,557,226 -
TRADE AND OTHER LIABILITIES 17 1,285,218,967 1,446,764,572
Total Liabilities 47,684,761,369 33,676,934,751
EQUITY
Capital stock 18 1,593,132,400 1,593,132,400
Additional paid-in capital 2 158,060,108 158,060,108
Contributed surplus 2 50,000,000 50,000,000
Contingency surplus 2 279,038,232 279,038,232
Revaluation reserves 18 ( 2,285,859,346 ) ( 1,283,481,319 )
Retained earnings 2, 18 9,305,150,675 7,021,035,092
Total Equity 9,099,522,069 7,817,784,513
TOTAL LIABILITIES AND EQUITY P 56,784,283,438 P 41,494,719,264
See Notes to Financial Statements.

PART II - OPERATIONAL AND FINANCIAL INFORMATION
Item 5. Market for Issuers Common Equity and Related Stockholder Matters
1) Stock Prices
The Bank’s common shares are traded at the Philippine Stock Exchange, Inc. The high
and low sales prices for each quarter within the last two (2) fiscal years are as follows:
High Low
First Quarter 2018 167.70 137.20
Second Quarter 2018 141.30 122.90
Third Quarter 2018 138.00 110.50
Fourth Quarter 2018 106.60 136.40
First Quarter 2019 142.70 121.50

Second Quarter 2019 143.40 126.10
Third Quarter 2019 154.00 137.40
Fourth Quarter 2019 161.80 137.00
Source: www.edge.pse.com.ph
As of April 13, 2020, the closing price of the Bank’s common shares is P 98.50.
2) Holders of Securities
The number of common shareholders of record as of March 17, 2020 was 12,465.
Common shares outstanding as of March 17, 2020 stood at 4,382,561,539. The top twenty
(20) common shareholders are as follows:
No. of Shares % of
Rank Name of Stockholder Nationality
Owned Ownership
1 SM Investments Corp. Filipino 1,787,180,649 * 40.78%
PCD Nominee Corp. (Non- 1,274,153,583 29.08%
2 Non-Filipino
Filipino)
3 PCD Nominee Corp. (Filipino) Filipino 1,266,704,561 28.90%
Multi-Realty Development 588,029,984 ** 13.42%
4 Filipino
Corporation
Sybase Equity Investments 240,010,292 *
5 Filipino 5.48%
Corporation
SEC FORM 17-A 94

BDO LIFE ASSURANCE COMPANY, INC.
(A Subsidiary of BDO Unibank, Inc.)
(Amounts in Philippine Pesos)
Notes 2019 2018
ASSETS
CASH AND CASH EQUIVALENTS 4 P 704,805,648 P 1,177,196,700
INSURANCE RECEIVABLES 5 336,777,060 312,329,925
FINANCIAL ASSETS 6
Financial assets at fair value through profit or loss 18,078,097,678 12,201,700,999
Financial assets at fair value through other
comprehensive income 34,424,870,152 25,187,622,838
Investment securities at amortized cost - net 1,794,001,833 1,749,282,550
Loans and receivables - net 675,981,907 335,142,080
ACCRUED INCOME 8 427,166,018 337,720,351
REINSURANCE ASSETS 9 73,107,152 61,383,449
PROPERTY AND EQUIPMENT - Net 10 115,681,268 73,930,560
RIGHT-OF-USE ASSETS - Net 11 86,808,705 -
INTANGIBLE ASSETS - Net 12 14,579,707 13,115,873
DEFERRED TAX ASSETS 25 20,931,212 14,459,389
OTHER ASSETS 13 31,475,098 30,834,550
TOTAL ASSETS P 56,784,283,438 P 41,494,719,264
INSURANCE CONTRACT LIABILITIES 14 P 42,472,537,332 P 28,505,773,392
PREMIUM DEPOSIT FUND 15 3,734,514,926 3,605,295,480
INSURANCE PAYABLES 16 85,422,075 77,455,909
NET PENSION LIABILITY 24 19,510,843 41,645,398
LEASE LIABILITIES 11 87,557,226 -
TRADE AND OTHER LIABILITIES 17 1,285,218,967 1,446,764,572
Total Liabilities 47,684,761,369 33,676,934,751
EQUITY
Capital stock 18 1,593,132,400 1,593,132,400
Additional paid-in capital 2 158,060,108 158,060,108
Contributed surplus 2 50,000,000 50,000,000
Contingency surplus 2 279,038,232 279,038,232
Revaluation reserves 18 ( 2,285,859,346 ) ( 1,283,481,319 )
Retained earnings 2, 18 9,305,150,675 7,021,035,092
Total Equity 9,099,522,069 7,817,784,513
TOTAL LIABILITIES AND EQUITY P 56,784,283,438 P 41,494,719,264

1) Stock Prices
High Low
First Quarter 2018 167.70 137.20
Second Quarter 2018 141.30 122.90
Third Quarter 2018 138.00 110.50
Fourth Quarter 2018 106.60 136.40
First Quarter 2019 142.70 121.50

Second Quarter 2019 143.40 126.10
Third Quarter 2019 154.00 137.40
Fourth Quarter 2019 161.80 137.00
No. of Shares % of
Owned Ownership
2 Non-Filipino
Filipino)
4 Filipino
Corporation
5 Filipino 5.48%
Corporation
SEC FORM 17-A 94

Statements of Financial Position
BDO UNIBANK, INC. AND SUBSIDIARIES
(Amounts in Millions of Philippine Pesos)
 
    

      
     


      
     
     

     
     
     
     

      
     
     
      
    
 

    
    
   
    

17
FINANCIAL & OPERATING HIGHLIGHTS CONSOLIDATED PARENT BANK
2021 2020 Change 2021 2020 Change
BALANCE SHEET (in billion Php)
Resources 3,623.7 3,374.9 7% 3,466.0 3,235.4 7%
Trading and Investment Securities 616.3 508.8 21% 498.0 399.5 25%
Liquid Assets 1,168.2 1,040.9 12% 1,037.9 920.9 13%
Gross Customer Loans 2,400.2 2,263.7 6% 2,351.6 2,224.5 6%
Deposits 2,820.9 2,610.2 8% 2,751.7 2,548.3 8%
Equity1/ 424.5 393.0 8% 423.5 392.1 8%
INCOME STATEMENT (in billion Php)
Net Interest Income 131.3 133.7 -2% 123.9 127.3 -3%
Non-Interest Income 61.4 55.2 11% 40.6 37.3 9%
Gross Operating Income 192.7 188.9 2% 164.5 164.6 0%
Operating Expenses 119.9 112.6 6% 93.6 90.1 4%
Pre-provision Profit 72.8 76.3 -5% 70.9 74.5 -5%
Allowance for Credit Losses 17.1 30.2 -44% 16.8 29.6 -43%
Net Profit2/ 42.8 28.2 51% 42.7 28.6 49%
FINANCIAL PERFORMANCE INDICATORS
Profitability
Return on Average Common Equity 10.5% 7.6% 10.5% 7.6%
Return on Average Equity 10.4% 7.5% 10.4% 7.6%
Return on Average Assets 1.2% 0.9% 1.3% 0.9%
Margins and Liquidity
Net Interest Margin 4.0% 4.4% 4.0% 4.3%
Gross Customer Loans to Deposit Ratio 85.1% 86.7% 85.5% 87.3%
Liquid Assets to Total Assets 32.2% 30.8% 29.9% 28.5%
Liquidity Coverage Ratio 145.4% 127.1% 145.9% 129.0%
Net Stable Funding Ratio 123.5% 122.0% 123.1% 122.0%
Cost Efficiency
Cost to Income Ratio 62.2% 59.6% 56.9% 54.7%
Cost to Average Assets Ratio 3.4% 3.4% 2.8% 2.8%
Asset Quality
NPL Ratio3/ 2.8% 2.6% 2.7% 2.5%
NPL Cover4/ 111.2% 109.5% 113.5% 111.8%
Capital and Leverage
CET 1 Ratio5/ 13.6% 13.2% 13.1% 12.7%
Tier 1 Ratio5/ 13.8% 13.4% 13.3% 12.9%
Capital Adequacy Ratio5/ 14.7% 14.4% 14.2% 13.8%
Countercyclical Buffer6/ 0.0% 0.0% 0.0% 0.0%
Basel III Leverage Ratio 10.3% 10.2% 9.9% 9.8%
Assets to Equity 8.5x 8.6x 8.2x 8.3x
DISTRIBUTION NETWORK AND MANPOWER
Branches 1,544 1,472 5% 1,193 1,184 1%
ATMs7/ 4,484 4,439 1% 4,152 4,164 0%
Employees 38,873 38,756 0% 32,314 32,573 -1%
Officers 19,805 18,844 5% 15,165 14,583 4%
Staff 19,068 19,912 -4% 17,149 17,990 -5%
SHAREHOLDER INFORMATION
Market Value
Share Price (in Php) 120.70 106.80 13%
Market Capitalization (in billion Php) 529.33 468.24 13%
Valuation
Basic Earnings per Share (in Php) 9.68 6.37 52%
Diluted Earnings per Share (in Php) 9.66 6.37 52%
Book Value per Share (in Php) 95.26 88.11 8%
Price-Earnings Ratio 12.5x 16.8x
Price to Book Value 1.3x 1.2x
Dividends
Cash Dividends Paid to Common Shareholders 5.3 5.3 5.3 5.3
(in billion Php)
Cash Dividends per Common Share (in Php) 1.20 1.20
Dividend Payout Ratio8/ 12.3% 18.6%
Dividend Yield9/ 1.1% 1.1%
Notes:
All financial data based on SEC format unless otherwise indicated
1/
Total capital accounts, inclusive of minority interest and preferred shares
2/
Net Income attributable to shareholders of the parent bank
3/
Per BSP Circular 941
4/
5/
Based on audited financial statements
6/
Currently set at 0% by the BSP per Circular 1024 Section 1
7/
On-site, off-site and mobile ATMs only, does not include Cash Accept Machines (CAMs) and Self-Service Teller Machines (STMs)
8/
Cash dividends paid during the year divided by net profit for the year
9/
Cash dividends per common share paid during the year divided by average daily closing price for the year
11
1) Stock Prices
The Bank’s common shares are traded at the Philippine Stock Exchange, Inc. The high and
low sales prices for each quarter within the last two (2) fiscal years are as follows:
High Low
First Quarter 2020 157.50 75.00
Second Quarter 2020 114.00 85.60
Third Quarter 2020 102.30 85.00
Fourth Quarter 2020 115.40 86.55
First Quarter 2021 113.50 99.00

Third Quarter 2021 117.10 102.00
Fourth Quarter 2021 135.00 111.00
As of December 31, 2021, the closing price of the Bank’s common shares is P 120.70.
The number of common shareholders of record as of December 31, 2021 was 12,390.
Common shares outstanding as of December 31, 2021 stood at 4,385,519,015. The top
twenty (20) common shareholders are as follows:
No. of Shares
Rank Name of Stockholder Nationality % of Ownership
Owned
2 PCD Nominee Corp. (Non-Filipino) Non-Filipino 1,099,584,793 25.07%
3 PCD Nominee Corp. (Filipino) Filipino 755,988,956 ** 17.24%
4 Multi-Realty Development Corporation Filipino 291,513,036 * 6.65%
5 Sybase Equity Investments Corporation Filipino 240,010,292 * 5.47%
6 Shoemart, Inc. (now SM Prime Holdings, Inc.) Filipino 90,024,395 2.05%
7 DFC Holdings, Inc. Filipino 30,430,341 0.69%
8 Dacon Corporation Filipino 25,377,549 0.58%
9 Sysmart Corporation Filipino 10,095,661 * 0.23%
10 Executive Optical Inc. Filipino 2,724,575 * 0.06%
SEC FORM 17-A 79

Statements of Financial Position
 
    

      
     


      
     
     

     
     
     
     

      
     
     
      
    
 

    
    
   
    

17
FINANCIAL & OPERATING HIGHLIGHTS CONSOLIDATED PARENT BANK
2021 2020 Change 2021 2020 Change
BALANCE SHEET (in billion Php)
Resources 3,623.7 3,374.9 7% 3,466.0 3,235.4 7%
Trading and Investment Securities 616.3 508.8 21% 498.0 399.5 25%
Liquid Assets 1,168.2 1,040.9 12% 1,037.9 920.9 13%
Gross Customer Loans 2,400.2 2,263.7 6% 2,351.6 2,224.5 6%
Deposits 2,820.9 2,610.2 8% 2,751.7 2,548.3 8%
Equity1/ 424.5 393.0 8% 423.5 392.1 8%
INCOME STATEMENT (in billion Php)
Net Interest Income 131.3 133.7 -2% 123.9 127.3 -3%
Non-Interest Income 61.4 55.2 11% 40.6 37.3 9%
Gross Operating Income 192.7 188.9 2% 164.5 164.6 0%
Operating Expenses 119.9 112.6 6% 93.6 90.1 4%
Pre-provision Profit 72.8 76.3 -5% 70.9 74.5 -5%
Allowance for Credit Losses 17.1 30.2 -44% 16.8 29.6 -43%
Net Profit2/ 42.8 28.2 51% 42.7 28.6 49%
FINANCIAL PERFORMANCE INDICATORS
Profitability
Return on Average Common Equity 10.5% 7.6% 10.5% 7.6%
Return on Average Equity 10.4% 7.5% 10.4% 7.6%
Return on Average Assets 1.2% 0.9% 1.3% 0.9%
Margins and Liquidity
Net Interest Margin 4.0% 4.4% 4.0% 4.3%
Gross Customer Loans to Deposit Ratio 85.1% 86.7% 85.5% 87.3%
Liquid Assets to Total Assets 32.2% 30.8% 29.9% 28.5%
Liquidity Coverage Ratio 145.4% 127.1% 145.9% 129.0%
Net Stable Funding Ratio 123.5% 122.0% 123.1% 122.0%
Cost Efficiency
Cost to Income Ratio 62.2% 59.6% 56.9% 54.7%
Cost to Average Assets Ratio 3.4% 3.4% 2.8% 2.8%
Asset Quality
NPL Ratio3/ 2.8% 2.6% 2.7% 2.5%
NPL Cover4/ 111.2% 109.5% 113.5% 111.8%
Capital and Leverage
CET 1 Ratio5/ 13.6% 13.2% 13.1% 12.7%
Tier 1 Ratio5/ 13.8% 13.4% 13.3% 12.9%
Capital Adequacy Ratio5/ 14.7% 14.4% 14.2% 13.8%
Countercyclical Buffer6/ 0.0% 0.0% 0.0% 0.0%
Basel III Leverage Ratio 10.3% 10.2% 9.9% 9.8%
Assets to Equity 8.5x 8.6x 8.2x 8.3x
DISTRIBUTION NETWORK AND MANPOWER
Branches 1,544 1,472 5% 1,193 1,184 1%
ATMs7/ 4,484 4,439 1% 4,152 4,164 0%
Employees 38,873 38,756 0% 32,314 32,573 -1%
Officers 19,805 18,844 5% 15,165 14,583 4%
Staff 19,068 19,912 -4% 17,149 17,990 -5%
SHAREHOLDER INFORMATION
Market Value
Share Price (in Php) 120.70 106.80 13%
Market Capitalization (in billion Php) 529.33 468.24 13%
Valuation
Basic Earnings per Share (in Php) 9.68 6.37 52%
Diluted Earnings per Share (in Php) 9.66 6.37 52%
Book Value per Share (in Php) 95.26 88.11 8%
Price-Earnings Ratio 12.5x 16.8x
Price to Book Value 1.3x 1.2x
Dividends
Cash Dividends Paid to Common Shareholders 5.3 5.3 5.3 5.3
(in billion Php)
Cash Dividends per Common Share (in Php) 1.20 1.20
Dividend Payout Ratio8/ 12.3% 18.6%
Dividend Yield9/ 1.1% 1.1%
Notes:
All financial data based on SEC format unless otherwise indicated
1/
Total capital accounts, inclusive of minority interest and preferred shares
2/
Net Income attributable to shareholders of the parent bank
3/
4/
5/
Based on audited financial statements
6/
Currently set at 0% by the BSP per Circular 1024 Section 1
7/
On-site, off-site and mobile ATMs only, does not include Cash Accept Machines (CAMs) and Self-Service Teller Machines (STMs)
8/
Cash dividends paid during the year divided by net profit for the year
9/
Cash dividends per common share paid during the year divided by average daily closing price for the year
11
1) Stock Prices
High Low
First Quarter 2018 167.70 137.20
Second Quarter 2018 141.30 122.90
Third Quarter 2018 138.00 110.50
Fourth Quarter 2018 106.60 136.40
First Quarter 2019 142.70 121.50

Second Quarter 2019 143.40 126.10
Third Quarter 2019 154.00 137.40
Fourth Quarter 2019 161.80 137.00
No. of Shares % of
Owned Ownership
2 Non-Filipino
Filipino)
4 Filipino
Corporation
5 Filipino 5.48%
Corporation
SEC FORM 17-A 94

BDO Unibank Group Parent Bank

Notes 2022 2021 2022 2021
RESOURCES
CASH AND OTHER CASH ITEMS 8 P 82,944 P 69,105 P 80,666 P 66,440
DUE FROM BANGKO SENTRAL NG PILIPINAS 8 385,779 304,906 382,210 302,660
DUE FROM OTHER BANKS - Net 9 58,766 70,092 51,055 64,349
TRADING AND INVESTMENT SECURITIES - Net 10 722,830 616,261 606,789 497,963
LOANS AND OTHER RECEIVABLES - Net 11 2,696,901 2,450,903 2,621,221 2,399,983
PREMISES, FURNITURE, FIXTURES

AND EQUIPMENT - Net 12, 13 46,471 44,807 42,394 41,586
INVESTMENT PROPERTIES - Net 14 21,158 18,795 13,173 11,263
OTHER RESOURCES - Net 15 59,859 48,880 102,815 81,762
TOTAL RESOURCES P 4,074,708 P 3,623,749 P 3,900,323 P 3,466,006
DEPOSIT LIABILITIES 17 P 3,220,883 P 2,820,896 P 3,141,016 P 2,751,715
BILLS PAYABLE 18 198,891 204,431 188,872 196,174
INSURANCE CONTRACT LIABILITIES 20 64,363 65,328 - -
OTHER LIABILITIES 21 129,114 108,546 110,536 94,656
Total Liabilities 3,613,251 3,199,201 3,440,424 3,042,545
EQUITY 22
Attributable to:
Shareholders of the Parent Bank 459,332 422,934 459,899 423,461
Non-controlling Interests 2,125 1,614 - -
461,457 424,548 459,899 423,461
TOTAL LIABILITIES AND EQUITY P 4,074,708 P 3,623,749 P 3,900,323 P 3,466,006

Item 5. Market for Issuers Common Equity and Related Stockholder

Matters
1) Stock Prices
The Bank’s common shares are traded at the Philippine Stock Exchange,
Inc. The high and low sales prices for each quarter within the last two (2)
fiscal years are as follows:
High Low
First Quarter 2021 113.50 99.00
Third Quarter 2021 117.10 102.00
Fourth Quarter 2021 135.00 111.00
First Quarter 2022 140.40 119.00

Second Quarter 2022 137.50 110.50
Third Quarter 2022 131.50 110.20
Fourth Quarter 2022 136.00 105.50
As of December 31, 2022, the closing price of the Bank’s common shares
is P 105.90.
The number of common shareholders of record as of December 31, 2022

was 12,308. Common shares outstanding as of December 31, 2022 stood
at 5,264,131,675. The top twenty (20) common shareholders are as follows:
Nationalit No. of Shares Percent of

Rank Name of Stockholder
y Owned Ownership
1 SM Investments Corporation Filipino 2,144,616,778 * 40.74%
(SMIC)
2 PCD Nominee Corporation Filipino 1,145,336,714 ** 21.76%
3 PCD Nominee Corporation Foreign 1,085,628,663 20.62%
Multi-Realty Development *
4 Filipino 349,815,643 6.65%
Corporation (MRDC)
SEC FORM 17-A 82

Bdo 2

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Bdo 2

Uploaded by

Copyright:

Available Formats

BDO LIFE ASSURANCE COMPANY, INC.

(A Subsidiary of BDO Unibank, Inc.)

Notes 2019 2018

CASH AND CASH EQUIVALENTS 4 P 704,805,648 P 1,177,196,700

INSURANCE RECEIVABLES 5 336,777,060 312,329,925

ACCRUED INCOME 8 427,166,018 337,720,351

REINSURANCE ASSETS 9 73,107,152 61,383,449

PROPERTY AND EQUIPMENT - Net 10 115,681,268 73,930,560

RIGHT-OF-USE ASSETS - Net 11 86,808,705 -

INTANGIBLE ASSETS - Net 12 14,579,707 13,115,873

DEFERRED TAX ASSETS 25 20,931,212 14,459,389

OTHER ASSETS 13 31,475,098 30,834,550

TOTAL ASSETS P 56,784,283,438 P 41,494,719,264

LIABILITIES AND EQUITY

INSURANCE CONTRACT LIABILITIES 14 P 42,472,537,332 P 28,505,773,392

PREMIUM DEPOSIT FUND 15 3,734,514,926 3,605,295,480

INSURANCE PAYABLES 16 85,422,075 77,455,909

NET PENSION LIABILITY 24 19,510,843 41,645,398

LEASE LIABILITIES 11 87,557,226 -

TRADE AND OTHER LIABILITIES 17 1,285,218,967 1,446,764,572

Total Liabilities 47,684,761,369 33,676,934,751

Total Equity 9,099,522,069 7,817,784,513

TOTAL LIABILITIES AND EQUITY P 56,784,283,438 P 41,494,719,264

See Notes to Financial Statements.

First Quarter 2019 142.70 121.50

SEC FORM 17-A 94

Notes 2019 2018

CASH AND CASH EQUIVALENTS 4 P 704,805,648 P 1,177,196,700

INSURANCE RECEIVABLES 5 336,777,060 312,329,925

ACCRUED INCOME 8 427,166,018 337,720,351

REINSURANCE ASSETS 9 73,107,152 61,383,449

PROPERTY AND EQUIPMENT - Net 10 115,681,268 73,930,560

RIGHT-OF-USE ASSETS - Net 11 86,808,705 -

INTANGIBLE ASSETS - Net 12 14,579,707 13,115,873

DEFERRED TAX ASSETS 25 20,931,212 14,459,389

OTHER ASSETS 13 31,475,098 30,834,550

TOTAL ASSETS P 56,784,283,438 P 41,494,719,264

LIABILITIES AND EQUITY

INSURANCE CONTRACT LIABILITIES 14 P 42,472,537,332 P 28,505,773,392

PREMIUM DEPOSIT FUND 15 3,734,514,926 3,605,295,480

INSURANCE PAYABLES 16 85,422,075 77,455,909

NET PENSION LIABILITY 24 19,510,843 41,645,398

LEASE LIABILITIES 11 87,557,226 -

TRADE AND OTHER LIABILITIES 17 1,285,218,967 1,446,764,572

Total Liabilities 47,684,761,369 33,676,934,751

Total Equity 9,099,522,069 7,817,784,513

TOTAL LIABILITIES AND EQUITY P 56,784,283,438 P 41,494,719,264

See Notes to Financial Statements.

First Quarter 2019 142.70 121.50

SEC FORM 17-A 94

See Notes to Financial Statements.

First Quarter 2021 113.50 99.00

SEC FORM 17-A 79

See Notes to Financial Statements.

First Quarter 2019 142.70 121.50

SEC FORM 17-A 94

BDO Unibank Group Parent Bank

CASH AND OTHER CASH ITEMS 8 P 82,944 P 69,105 P 80,666 P 66,440

DUE FROM BANGKO SENTRAL NG PILIPINAS 8 385,779 304,906 382,210 302,660

DUE FROM OTHER BANKS - Net 9 58,766 70,092 51,055 64,349

TRADING AND INVESTMENT SECURITIES - Net 10 722,830 616,261 606,789 497,963

LOANS AND OTHER RECEIVABLES - Net 11 2,696,901 2,450,903 2,621,221 2,399,983

PREMISES, FURNITURE, FIXTURES