BDO UNIBANK, INC.

STATEMENTS OF INCOME
For the Years Ended December 31, 2015 and 2014
(Amounts in Millions of Philippine Pesos)

2015 2014 2013 2012

Interest Income 68,519.00 60,871.00 54,431.00 51,657

Interest Expense 14,238.00 11,728.00 13,014.00 17,245
Net Interest Income 54,281.00 49,143.00 54,281.00 34,412
Impairment Losses - Net 2,709.00 5,014.00 6,216.00 4,850
Net Interest Income after Impairment
51,572.00 44,129.00 35,201.00 29,562
Losses
Other Operating Income 30,170.00 27,026.00 27,080.00 21,703
Other Operating Expenses 50,394.00 44,836.00 40,364.00 37,104
Profit Before Tax 31,348.00 26,319.00 21,917.00 14,161

Tax Expense 4,829.00 3,522.00 1,418.00 1,117

NET PROFIT 26,519.00 22,797.00 20,499.00 13,044

and 2014
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FORECAST
2011 2015 2014

48,024 Sales Growth Rate 16.32671 11.2103

16,203 Net Profit Current- Previous/ Previous
31,821 Tax Rate 15.40449 13.38197
5,945 Income taxes/ Income before taxes
25,876
Dividends Payout Ratio
17,976 Dividends paid/Net income
33,353
10,499

1,303

9,196
 2013 2012 2011

57.15271 41.84428

6.469864 7.887861 12.41071