BANK OF THE PHILIPPINE ISLANDS Financial Indicators As at December 31, 2016 and 2015 2016 2015 Liquidity Ratio 62.44% 66.71% Debt-to-Equity Ratio 37.53% 13.93% Asset-to-Equity Ratio 1,045.03% 1,009.00% Interest Rate Coverage Ratio 292.58% 298.97% Return on Equity Ratio 13.77% 12.33% Return on Assets 1.39% 1.30% Cost to Income Ratio 52.50% 53.69% Cost to Assets Ratio 2.21% 2.27% Capital to Assets Ratio 9.57% 9.91% Net Interest Margin 2.85% 2.98% A84 2016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
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BANK OF THE PHILIPPINE ISLANDSFinancial Indicators
As at December 31, 2016 and 2015
2016 2015
Liquidity Ratio 62.44% 66.71%
Debt-to-Equity Ratio 37.53% 13.93%
Asset-to-Equity Ratio 1,045.03% 1,009.00%
Interest Rate Coverage Ratio 292.58% 298.97%
Return on Equity Ratio 13.77% 12.33%
Return on Assets 1.39% 1.30%
Cost to Income Ratio 52.50% 53.69%
Cost to Assets Ratio 2.21% 2.27%
Capital to Assets Ratio 9.57% 9.91%
Net Interest Margin 2.85% 2.98%
A842016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
A85 2016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
Reconciliation of Retained Earnings Available for Dividend DeclarationFor the Year Ended December 31, 2016
(In Millions of Pesos)
BANK OF THE PHILIPPINE ISLANDSBPI Building
6768 Ayala Avenue, Corner Paseo de RoxasMakati City
Unappropriated Retained Earnings, based on audited financial statements, December 31, 2015 42,401
Add: Net income actually earned/realized during the period 20,885
Less: Non-actual/unrealized income net of taxEquity in Net income of associate/joint venture -Unrealized foreign exchange gain - net (except Cash
-and Cash Equivalents)Unrealized actuarial gain -Unrealized trading gain 516Fair value adjustment of Investment Property resulting to gain -Adjustment due to deviation from PFRS/GAAP-gain -Other unrealized gains or adjustments to the retained earnings as
-a result of certain transactions accounted for under PFRS516
Add: Non-actual lossesDepreciation on revaluation increment (after tax) -Adjustment due to deviation from PFRS/GAAP - loss -Loss on fair value adjustment of investment property (after tax) -
Subtotal -
Net income actually earned during the period 20,369
Add (Less):Dividend declarations during the period (7,087)Appropriations of Retained Earnings during the period (103)Reversals of appropriations -Effects of prior period adjustments/others -Treasury shares -
(7,190)
Total Retained Earnings, End55,580Available for Dividend
A862016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
The standards, amendments and interpretations marked with an asterisk (*) have been issued but arenot yet effective for December 31, 2016 financial statements. Unless otherwise stated, these standards,amendments and interpretations have not been early adopted.
The standards, amendments and interpretations that are labeled as “Not Applicable” are already effective as atDecember 31, 2016 but will never be relevant/applicable to the Bank or are currently not relevant to the Bankbecause it has currently no related transactions.
A942016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
BANK OF THE PHILIPPINE ISLANDSAs of December 31, 2016Annex A - Financial Assets
(in Millions of Pesos)
Number of sharesor principal
amount of bondsand notes
Amount shown in thebalance sheet
Incomereceived andaccrued
Due from Bangko Sentral ng Pilipinas 239,514
2,059
Due from other banks 23,037Interbank loans receivable and Securitiespurchase under agreements to resell 15,236
Sub-total 277,787Financial assets at fair value through profit orloss - Trading securities (*) 14,603
Financial assets at fair value through profitor loss - Derivative financial assets 2,993
Sub-total 17,596 180Available-for-sale securities (*) 24,301 469Held-to-maturity securities (*) 268,483 8,746Loans and advances, net 1,040,720 48,843Others 4,255 -TOTAL 1,633,142 60,297
(*) Please refer succeeding pages for the detailed information on these financial assets.
A95 2016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
Schedule A - Financial Assets
BANK OF THE PHILIPPINE ISLANDSAs of December 31, 2016
(In Millions of Pesos)
Schedule B: Amounts Receivable from Directors, Officers,Employees, Related Parties and Principal Stockholders(Other than Related Parties)
A962016 INTEGRATED ANNUAL AND SUSTAINABILITY REPORT
BANK OF THE PHILIPPINE ISLANDSAs of December 31, 2016
Schedule C. Amounts Receivable from Related Parties which are Eliminated during the Consolidation of Financial Statements. (in Millions of Pesos)Schedule C. Amounts Receivable from Related Parties which are Eliminated during the Consolidation of Financial Statements.
Name and Designation of debtor
Balance atbeginning of
period AdditionsAmountsCollected
Amounts written-off Current Not Current
Balance at end ofperiod
BANK OF THE PHILIPPINE ISLANDS 11 - 7 - 4 - 4BPI CAPITAL CORP. 3 9 4 - 8 - 8BPI CENTURY TOKYO LEASE AND FINANCE CORP. 6 1 - - 7 - 7BPI CENTURY TOKYO RENTAL CORP. 7 - 3 - 4 - 4BPI DIRECT SAVINGS BANK, INC. 1 - 1 - - - -BPI FAMILY SAVINGS BANK, INC. 217 - 138 - 79 - 79BPI INVESTMENT MANAGEMENT INC. 3 6 - - 9 - 9BPI SECURITIES CORP. 2 8 - - 10 - 10AYALA PLANS 2 - - - 2 - 2
252 24 153 - 123 - 123
BANK OF THE PHILIPPINE ISLANDSAs of December 31, 2016(in Millions of Pesos)
Schedule D. Intangible Assets (in Millions of Pesos)
BANK OF THE PHILIPPINE ISLANDSDecember 31, 2016(In Millions of Pesos)
Schedule D - Intangible Assets
Description
Beginningbalance (net ofallowance forimpairment)
Additionsat cost
Charged tocost andexpenses
Chargedto otheraccounts
Otherchangesadditions
(deductions)
Ending balance(net of
allowance forimpairment)
Contractual customerrelationship
1,458 - 278 - - 1,180
Others 364 925 407 - - 882
Total 1,822 925 685 - - 2,062
Schedule E. Long-term Debt (in Millions of Pesos)
BANK OF THE PHILIPPINE ISLANDSDecember 31, 2016
Schedule E - Long-term Debt
Title of issue andtype of obligation
Amount authorized byindenture
Amount shownunder caption
“Current portionof long-term debt”in related balance
sheet
Amount shown undercaption “Long-termdebt” in relatedbalance sheet
Nothing to report.
Schedule F. Indebtedness to Related Parties (Long-Term Loans from Related Companies) (in Millions of Pesos)
BANK OF THE PHILIPPINE ISLANDSDecember 31, 2016
Schedule F - Indebtedness to Related Parties (Long-Term Loans from RelatedCompanies)
Name of related party Balance at beginning of period Balance at end of periodNothing to report.
Schedule G. Guarantees of Securities of Other Issuers (in Millions of Pesos)
BANK OF THE PHILIPPINE ISLANDS
December 31, 2016
Schedule G - Guarantees of Securities of Other Issuers
Name of Issuing entity ofsecurities guaranteed bythe company for whichthis statement is filed
Title of issue of eachclass of securities
guaranteed
Total amountguaranteed andoutstanding
Amount ownedby person for
which statementis filed
Nature ofguarantee
Nothing to report.
Schedule H. Capital Stock (in Millions of Pesos)
* Shares granted but not yet exercised
BANK OF THE PHILIPPINE ISLANDSDecember 31, 2016
Schedule H - Capital Stock
Title of Issue
Number ofShares
Authorized
Number ofshares issuedand outstandingas shown underrelated balancesheet caption