#1RCBC FY 2023 Investor Presentation March 2024#2Disclaimer ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE CONTEXT OF A PROPOSED OFFERING, IF ANY, SHOULD BE MADE ON THE BASIS OF THE FINAL TERMS AND CONDITIONS OF THE SECURITIES AND THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR PUBLISHED IN RELATION TO SUCH AN OFFERING AND NOT ON THE BASIS OF THIS DOCUMENT WHICH DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the information or opinions contained herein. The information set out herein does not purport to be complete, may be subject to revision and may change materially. RCBC is under no obligation to keep current the information contained in this document and any opinions expressed in it are subject to change without notice. None of RCBC or any of its affiliates, advisers or representatives shall have any liability whatsoever for any loss whatsoever arising from any use of this document or its contents or otherwise arising in connection with this document (whether direct, indirect, consequential or other). The information in this document should not be considered as a recommendation or advice to holding or purchasing securities or any other financial product, and does not take into account your particular investment objectives, needs or financial situation. This document is highly confidential and is being given solely for your information and for your use and may not be shared, copied, reproduced or redistributed to any other person in any manner. This document contains "forward-looking statements", which include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "will", "would", "aim", "aimed", "will likely result", "is likely", "are likely", "believe", "expect", "expected to", "will continue", "will achieve", "anticipate", "estimate", "estimating", "intend", "plan", "contemplate", "seek to", "seeking to", "trying to", "target", "propose to", "future", "objective", "goal", "project", "should", "can", "could", "may", "will pursue" or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond RCBC's control, that may change at any time, and could cause the actual results, performance or achievements of RCBC to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. Recipients are cautioned not to place substantial or undue reliance on these forward-looking statements. All forward-looking statements included in this presentation are made only as of the date of this presentation and neither RCBC, the Dealers, nor any of their respective affiliates, agents, advisors or representatives (including directors, officers and employees) intend or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document as a result of new information, future events or any other factors. Recipients of this presentation are required to make their own independent investigation and appraisal of the business and financial condition of RCBC, and any tax, legal, accounting and economic considerations relevant to the situation. The Dealers may act as market makers or trade on a principal basis, or have undertaken or may undertake to trade for their own accounts, transactions in the Securities or related instruments of RCBC and may act as underwriter, placement agent, advisor or lender to RCBC. The Dealers and/or their respective employees may hold a position in any Securities mentioned herein. This document contains data sourced from and the views of independent third parties. In replicating such data in this document, neither RCBC nor the Dealers make any representation, whether express or implied, as to the accuracy of such data. The replication of any views in this document should not be treated as an indication that RCBC or the Dealers agree with or concurs with such views. 2#3RCBC FY 2023 CBC Toucha Performance 591 riority Service Dear Waived Fees Preferer Free-for-Life RC Access to Exclusive Even Chrissy P. Alvarez Corporate Planning Head RCBC Partners Through Generations#4Stable foundations despite headwinds • Total assets jumped on the back of 15% increase in customer loans Asset Growth • More than 1 million cards-in-force for Credit Cards • Deposit rally driven mostly by CASA 尹1.2T in total assets; 7.2% higher vs last year P622B in loans; driven by consumer Solid Returns • Capacity Building . • • Upward trajectory of NII for the last 5 years Lower NPL ratio despite loan expansion across all segments Return on equity closed at 9.5%; return on asset hit 1.1% P50B all-time high revenues P12.2B in net income; core profits up 10% • Four digital channels: Pulz App, Boz App, Diskartech and ATMGO CAR and CET1 ratio reached 17.4% and 14.7% RCBC Trust Corporation started its operations in January 2, 2024 P65M in gross transaction volume; up 33% YoY 5,779 ATM Go terminals as of December 31, 2023 ATM 458 branches 7,239 ATMS* 6,410 employees *includes ATM Go terminals--RCBC's handheld ATM facility that enables banking transactions outside branches and ATMs, and through partner merchants RCBC#5Efficient expansion with leaner organization Assets nearly doubled after 5 years Profits on track to triple after 5 years Headcount cut by 7% after 5 years 645 1,237 4.3 12.2 6,886 6,410 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 In PhP Billions, except headcount 5 RCBC#6Consolidated key financial items FY 2023 FY 2022 Change % Change INCOME STATEMENT Gross Income 49,941 44,454 5,487 12.3% Net Interest Income 33,574 31,216 2,358 7.6% Fee Income 7,082 5,884 1,198 20.4% Operating Expenses 29,612 25,100 4,512 18.0% Impairment Losses 6,914 5,706 1,208 21.2% Net Income 12,216 12,080 136 1.1% BALANCE SHEET Assets 1,237,484 1,154,108 83,376 7.2% Loans¹ 622,136 539,849 82,287 15.2% Investment Securities 330,737 374,365 (43,628) (11.7%) Deposits 956,694 857,244 99,450 11.6% Capital 152,277 116,361 35,916 30.9% *Amounts in PhP Millions, except % and ratios [1] Loans and Receivables net of Allowances and Interbank Loans CO 6 RCBC#7Peak revenue boosted by NII, 8% increase vs. LY Historical Revenues In Php Billions, except % 50 ▲14% 44 CAGR 2018- 23 16.4 37 36 36 13.2 11.6 7.6 27 13.5 6.1 Other Income ■Net Interest Income 34 31 29 26 22 20 2018 2019 2020 2021 2022 2023 7 RCBC#8Industry growth A11% Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 June 2020 Industry growth V1% Loan growth better than industry average Monthly Trend - Loan Portfolio 2019 to December 2023 pandemic COVID-19 A12% A5% A12% Δ 5% Industry growth Capital limits Δ 6% Industry growth A14% vs Dec 2022 A14% YoY growth infusion¹ SMBC Capital 7% as of Dec 2023 Industry growth July 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Source: Internal Loan Report, SOC Reports as of September 2023, BSP UKB report [1] On July 31, 2023, RCBC completes the sale of an additional 15.01% stake (PHP 27B) to Sumitomo Mitsui Banking Corporation "SMBC". Dec 2020 Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 June 2021 July 2021 Aug 2021 Sept 2021 Oct 2021 Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022 May 2022 June 2022 July 2022 Aug 2022 Sept 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023 8 RCBC#9Loans up across all customer segments Loan Portfolio¹ Loan Mix In Php Billions, except % As of December 2023 622 +15% PL/SL 1% 543 Consumer SME Corp Auto 21% Housing 204 +29% 158 41% Consumer Loans 33% 125 +17% 47% 622B Credit Card 37% 107 276 292 +6% Dec 2022 Dec 2023 Corp ■ SME ■Consumer [2] [1] Total loans include microfinance loans of P1.2B as of Dec 2022, and P1.3B as of Dec 2023 [2] Consumer refers to Auto, Mortgage, Credit Card and Personal/Salary Loans 20% SME and Consumer segment grew by 17% and 29%, respectively. In particular, credit cards drove consumer loan growth and closed 49% closed 49% higher along with accelerated bookings in housing loans 9 RCBC#10Beyond a million active credit cards to date Cards-in-Force In 000s, THANKS A MILLION 956 962 969 972 977 984 992 1,002 1,014 1,023 1,030 1,042 VISA for making RCBC Credit Cards your partner in Living Life Unlimited! III Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 257K new cards YTD; bring cards-in-force to more than 1M P139B in issuing billings; 45% higher compared to year ago levels PayDay NOW on full blast since September 2023 P423M P75B in total balances; 48% improvement from last year's level 1M ILM Pick your FREE TUMI Welcome Gift with your new RCBC Visa Credit Card! NEZARON ELEK 5000 HEXAGON CLUT #LiveForMore without paying for more Enjoy unlimited FREE withdrawals at any Bancnet ATM Up to 5 Million Free Life Insurance Coverage* #LiveForMore without worries with Hexagon Club 1 Acquisition of quality customers 2 Building revenue per customer 3 Controlling credit costs loans disbursed since public launch; with P6.3K average loan amount base; 50% mobile 4 adoption rate Drive digital transformation RCBC 10 224k Prequalified employee#11Improving asset quality despite portfolio growth Gross NPL amount and ratio In Php Billions, except % 5.10% 4.58% 4.04% 3.83% 3.75% 3.91% 3.77% 3.34% 28.6 24.8 24.1 24.2 24.4 22.8 22.9 21.4 Gross NPL ratio per segment As of December 2023 Corporate SME Consumer Credit Card 1.58% 3.55% 5.38% 3.62% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 The Bank's data and digital strategies, tightened credit and proactive remedial management paid off, with marked improvement in NPLs across most loan segments. Gross NPL -Gross NPL Ratio 11 RCBC#12Healthy deposit growth of 12% vs LY Historical Deposits & CASA In Php Billions, Cash management solutions to support CASA growth... ▲19% PAY YOUR BILLS ON TIME, AT ANY TIME. CASA year-on-year growth 957 857 672 536 502 457 423 421 373 302 231 250 31 Schedule Ployment Money Received ✓ Doubled CheckScan transaction values, up 110% receivables vs previous year ✓ Sustained growth in CashCube business up 72% receivables vs previous year ✓ Payroll breached pre-pandemic levels up 11% disbursements vs previous year ✓ Double digits Check & E-fund transfers up 44% and 12% disbursements, respectively vs previous year 2018 2019 2020 ■Deposits 2021 2022 2023 -CASA on top of stronger corporate and SME banking relationships 67% High CASA-to-loan ratio from corporates 73% Better-than-expected CASA- to-loan ratio from SMEs 12 RCBC#13Leader in digital, Al and customer service PHILIPPINE DAILY INQUIRER BEST CUSTOMER SERVICE 2023 IN COOPERATION WITH Statista y Thelp you today? Relaunched RCBC Pulz & crossed 1M enrolled users Launched RCBC Boz, an all-in-one SME app Sustained growth in digital transaction volume of 33% RCBC 51 Al models developed internally 43 dashboards used by 2,200 RCBC Bankers 164 senior officers taking the Al certification Hailed as Best in Customer Service by Inquirer Trained all RCBC Bankers in CX fundamentals 96% first contact resolution rate, up from 78% in 2022 RCBC#14Multiple digital platforms for different segments RCBC Culz diskar QiskarTech ATM Go t's a good day for banking Tony Santos Deposit. Credit Card Time Depos Hide 1 Magandang Man Ma Marites As Translate Laans E-Gov Teleme RCBC's financial inclusion super app DiskarTech will pivot into a more loans-focused app with a refreshed user interface & faster onboarding RCB ATMGO What would you a to do? cash in 迪 Bill Payment 3 Balants Inquiry 6 Lood Find Ter о PH's 1st neighborhood & last mile ATM network bringing formal banking to rural community establishments Avalabie Balonce PHP 90,000.00 903052 2482 Nanage my account Do more with your money! KO Transler Fay C Withdraw Exchengs Orde Fun Cummer Chec n ane D RCBC Your experience starts here RCBC DIGITAL Log in Sign up Take a quick peak All-in-one hub RCBC's industry-leading mobile banking app with the most comprehensive features and recently launched Payday Now Balanen 0.00 Activate DT Scor PHP 0.00 Interest Transfer Deposit Withdraw Maging wise se pera at savings mol Promoc Instant -cecuse Wag kang matakot gumastos Kami ang bahala says 園 Load New email or mobile? tet RCBC (now you've recently updated your contact detai ]¢ Activity P257M direct revenues, 23% higher vs last year +27% transaction volume P1.5M customers with 209K+ new customers in 2023 +7% transaction volume 5,779 ATM Go terminals* +46% transaction volume *As of December 30, 2023 14 RCBC#15Accumulated 50 awards for 2023 alone Philippines' Domestic Cash Management Bank of the Year Philippines' Domestic Trade Finance of the Year SME Bank of the Year - Philippines Remittance Company of the Year RCBC BANKING & FINANCE Credit Card Initiative of the Year -PEAT BEST BANK FOR DIGITAL ASIAMONEY 2020-2023 Other awards from Asiamoney Best for Next-Gen/Millennials in the Philippines THE Asset 財 資 O GLOBAL BANKING & Finance review Marketing and Brand Initiative of the Year ESG Corporate Awards Platinum Award Best Initiative in Social Responsibility (Moneybela Barangayan Banking) Triple A Digital Awards Digital Bank of the Year Best ATM Project - RCBC ATMGO Best Corporate Bank - Philippines Best Retail Bank - Philippines Best SME Bank Philippines 2023 Best Bank for Sustainable Development Best Cash Management Bank Best Trade Finance Bank Philippines 2023 +100 awards in the last 3 years RCBC#16Frontrunner in Sustainability 2011 2019 2020 2021 2022 IFC RCBC's first foray into sustainability. The Env'tl and Social Mgmt. System (ESMS) enabled us to adhere to IFC's eight performance standards SUSTAINALYTICS RCBC establishes first sustainable finance framework under the ASEAN Sustainability Bond Standards and went through an external review by Sustainalytics WHAT IS A PESO GREEN TIME DEPOSIT? A pioneer in SFIs in the PH First Philippine bank to publicly announce our commitment to funding for coal • It is a time deposit that has higher interest rates than a reguar time deposit with a wide range for tenure. First ASEAN sustainability bond issuance out of the country cease THE Asset P17.9B ASEAN earned RCBC's Sustainability Bond recognition from The Asset as Best Sustainability Bond. First Philippine bank signatory of PCAF and PACTA tool OPACTA PCAF Paris Agreement Capital Transition Assessment Partnership for Carbon Accounting Financials P49B Green & sustainability bonds issued to date, financing projects over 8,000 Adopted quantitative global climate risk analysis tools to address climate change in terms of our loan portfolio Welcome to YGC FOREST MT. BANGKAAN This is a 100 hectare project of the Tufenges Group of Comparis Introduced PH's first Peso green TD to enable clients to participate in our sustainability journey Supporting clean energy Funded ~3GW of RE projects since 2012 Ceased supporting new coal in 2018; remaining exposure to zero out by 2031 Participated in the Philippines' first Energy Transition Financing agreement Initiative in local communities Tree-planting under the YGC Earth Care Project - 50,000 native trees within 100 hectares in the Sierra Madre Health assistance for indigent Filipinas via AYF's 2022 For Women Only Project • • RCBC's Sustainability Key Achievements Pioneering bank in PH to adopt quantitative global climate risk analysis tools Issued US$1.4 billion sustainable financing instruments • Launched the country's first green time deposit First local bank to publicly declare our commitment to cease funding for coal RCBC#17Consolidated key financial indicators PROFITABILITY Return on Equity Return on Assets Dec-23 Dec-22 Change 9.5% 11.2% -1.7% 1.1% 1.2% -0.1% 3.4% 3.7% -0.3% Net Interest Margin COST EFFICIENCY Cost-to-Income Ratio 59.3% 56.5% 2.8% ASSET QUALITY Net NPL Ratio 1.6% 2.0% -0.4% NPL Coverage Ratio 89.6% 84.4% 5.3% Credit Cost 1.5% 1.4% 0.1% CAPITAL Capital Adequacy Ratio 17.4% 15.3% 2.1% CET1 14.7% 12.3% 2.4% 17 RCBC#18RCBC General Information 691 riority Service Dear Waived Fees Prefere Free-for-Life RC Access to Exclusive Even Overview, Milestones & Ownership RCBC Partners Through Generations#19Key milestones in the RCBC story RCBC was incorporated and 1960 began operations in Rizal RCBC Savings Bank was 1996 incorporated to provide retail/consumer banking 2011 IFC acquired an approximately 7.2% stake in RCBC Received approval from the 1962 Bangko Sentral ng Pilipinas ("BSP") to operate as a 1998 commercial bank under its present name Acquired Capital Development Bank and merged with RCBC Savings CVC Capital Partners acquired an approximately 15% stake in RCBC Formed Bancassurance partnership with Sunlife GREPA Financial RCBC completed a PHP15bn 2018 (USD280m) rights issue Raised PHP15 billion in Peso 2019 Bond, the Philippines' first green finance framework under the ASEAN Green Bond Standards. RCBC Savings merged with RCBC on July 2019 Formed alliances with 1973 Continental Illinois Bank and UFJ (Sanwa) 2000 Acquired 67% stake in Bankard Inc. 1985 Continental Illinois National Bank & Trust sold its shareholding to UFJ (Sanwa Bank) Spinnaker Capital Group 2006 bought the entire shareholding of UFJ (Sanwa Bank) Acquired First Malayan Leasing 2012 and Finance Corporation (now known as RCBC Leasing and Finance Corporation) and its subsidiary Malayan Rental (now known as RCBC Rental Corporation). 2020 Launched DiskarTech, RCBC's financial inclusion super app Gained multiple recognition, including the Best Digital Bank in the Philippines award, from local and international organizations 1986 Successful listing on the Philippine Stock Exchange ("PSE") 2008 1989 Received approval from BSP to operate as a universal bank 2009 Acquired Merchants Bank to kickstart microfinance lending in Mindanao Spinnaker Capital Group sold its entire stake back to RCBC and the Yuchengco Group Acquired JP Laurel Rural Bank in Batangas to expand microfinance operations to Luzon Placed additional shares to 2013 comply with Basel IIl capital 2015 rules IFC infused additional equity Sold stake in RCBC Realty and Bankard (listed company only) Cathay Life Insurance acquired a 20% stake in RCBC Sumitomo Mitsui Banking 2021 Corporation (SMBC) acquired a 5% stake in RCBC Named the Best Digital Bank in the Philippines by Asiamoney for the second consecutive year and garnered 54 awards for the year SMBC acquired an additional 15% 2023 stake in RCBC through a P27B capital infusion. RCBC#20Overview of RCBC Rizal Commercial Banking Corporation (RCBC) is the 5th largest privately-owned bank in the Philippines, with over Php 1.2 trillion in total resources as of December 31, 2023. Main Business Lines Corporate Banking Trust and Investments SME Banking Consumer Loans (Auto & Housing) Bancassurance Foreign Exchange Investment Banking Leasing Ownership Structure 國泰人壽 Cathay Life Insurance 18.7% 33.9% Investment Information Particulars Ticker As of December 2023 RCB Outstanding Shares 2,419.54M Stock Price 23.00 Market Capitalization PhP 54.32B (USD 0.98B) BV per share PhP 54.63 Price-to-Book Value Ratio 0.42x Dividend Payout Ratio 20% Digital Banking Credit Cards (Cards, Personal & Salary) Microfinance Securities Brokerage Credit Rating MOODY'S Pan Malayan Management and Investment Corp. (PMMIC) SMBC 20.0% IFC International Finance Corporation WORLD BANK GROUP 4.5% 8.4% 14.5% YUCHENGCO GROUP OF COMPANIES The Power of Synergy Public Float Long Term Deposit Senior Unsecured Baa3 Baa3 Baseline Credit Statement ba1 Outlook Positive 20 20 RCBC#21Extensive and Diversified Business Platform 99.96% RCBC Capital Corporation Investment Bank 100% RCBC Forex Brokers Corporation Forex Broker RCBC 100% 96.34% Rizal Microbank Microfinance Thrift Bank RCBC Leasing Leasing Company 99.99% RCBC International Finance Hong Kong Finance RCBC Trust Corporation¹ Trust Services Offers a complete range of investment bank and financial consultancy services Engages in dealing and brokering currencies in forex contracts with local and international clients Provides much-needed services to the unbanked and underserved segments of the country's population RCBC Rental Rental Company 100% RCBC Leasing & Finance Corp RCBC Investments Remittance 100% RCBC International Finance Ltd RCBC Securities Securities Brokerage 100% RCBC Capital Bancassurance Partners MALAYAN INSURANCE RCBC Bankard Credit Card Services Provider 100% RCBC Capital 40% Administers UITFS, investment management accounts, retirement funds, and other trust funds Sun Life GREPA Financial *As of December 31, 2023 [1] RCBC Trust Corporation consists of 40% HOI, 40% RCBC and 20% GPL Holdings, Inc.; began operation in January 2, 2024. 21 RCBC#22Yuchengco Group of Companies RCBC is a member of the Yuchengco Group of Companies ("YGC"), one of the premier business conglomerates in the Philippines. The Group is engaged in a wide range of financial and non-financial services. The synergies among these companies allow customers to access a wide range of financial products and services. A YGC Member The Power of Synergy RCBC 33.92% PAN MALAYAN MANAGEMENT & INVESTMENT CORPORATION (PMMIC) 77.33% 60.31% 51.15% Mico Equities GPL Holdings House of Investments, Inc AY Foundation, Inc. AY FOUNDATION RCBC Malayan Insurance Company, Inc. MICO Equities Inc. (71.89%) MALAYAN INSURANCE Sunlife Grepa Financial Inc. GPL Holdings, (51%) Sun Life GREPA Financial HOUSE OF INVESTMENTS RCBC Trust Corporation HOI (40%) RCBC (40%) GPL Holdings Inc. (20%) *As of December 31, 2023 EEI Corporation HOI (21%) ¡People, Inc. HOI (48.07%) Malayan Education System, Inc. iPeople Inc (100%) 22 22 RCBC#23RCBC RCBC Touch 07 10 591 Priority Service | Dedicated Busin Waived Fees Proterer e Free-for-Life RCI Bankardon Cll Access to Exclusive Event Promos Ana is more exc enefits Appendix RCBC Partners Through Generations#24Consolidated income statement FY 2023 FY 2022 Change % Change Interest Income 66,264 45,835 20,429 44.6% Interest Expense 32,690 14,619 18,071 123.6% Net Interest Income 33,574 31,216 2,358 7.6% Other Income 16,368 13,238 3,130 23.6% Trading Gains and Forex 427 1,530 (1,103) -72.1% Trust Fees 424 415 9 2.1% Service Fees & Commissions 6,659 5,469 1,190 21.8% Miscellaneous 8,859 5,824 3,035 52.1% Operating Expenses 29,612 25,100 4,512 18.0% Impairment Losses 6,914 5,706 1,208 21.2% Provision for Income Tax 1,200 1,568 (368) -23.5% Net Income 12,216 12,080 136 1.1% 24 24#25Consolidated balance sheet Cash/Due from BSP & Other Banks Investment Securities Loans (net of Interbank) Other Assets TOTAL ASSETS FY 2023 FY 2022 Change % Change 186,498 180,578 5,920 3.28% 330,737 374,365 -43,628 -11.65% 622,136 539,849 82,287 15.24% 98,113 59,316 38,796 65.41% 1,237,484 1,154,108 83,376 7.22% Deposit Liabilities 956,694 857,244 99,450 11.60% Demand 214,367 174,563 39,804 22.80% Savings 287,748 246,242 41,506 16.86% Time Other Liabilities Senior Debt 454,579 436,439 18,140 4.16% 93,573 106,092 -12,519 -11.80% 34,939 74,411 -39,473 -53.05% Total Liabilities 1,085,206 1,037,747 47,459 4.57% Capital Funds 152,277 116,361 35,916 30.87% TOTAL LIABILITIES & CAPITAL 1,237,484 1,154,108 83,375 7.22% 25 25#26Historical consolidated income statement 2019 2020 2021 2022 FY 2023 Cash/Due from BSP/Due from Other 123 148 157 181 186 Banks Loans Arising From REPO 6 13 12 9 36 FVPL/FVTCI 60 45 56 122 94 Held to Maturity Investments 101 43 164 252 237 Interbank Loans and Receivables 19 43 31 28 28 Loans (net) 430 449 508 531 622 Bank Premises, Property & Eqpt. - net 11 13 13 11 9 Equity Investments - net 0 0 0 0 1 Investment Properties - net 4 4 4 3 1 Other Assets 13 15 16 17 24 Total Assets 767 772 959 1154 1237 Demand Savings Time 71 107 145 175 214 179 195 228 246 288 207 233 299 436 455 Deposit Liabilities 457 536 672 857 957 Other Liabilities 131 45 88 106 94 Senior Debt 97 90 87 74 35 Subordinated Debt Total Liabilities 684 671 848 1038 1085 Minority Interest in Subsidiary/Allied 0 0 18 0 0 Undertakings Capital Funds 83 101 111 116 152 Total Liabilities & Capital 767 772 959 1154 1237 26 26#27Historical consolidated balance sheet 2019 2020 2021 2022 FY 2023 Net Interest Income 22.4 26.3 28.8 31.2 33.6 Other Income 13.5 11.6 7.6 13.2 16.4 Gross Income 35.9 37.9 36.4 44.5 49.9 Impairment Losses 7.4 9.4 6.0 5.7 6.9 Income before Operating Expenses 28.5 28.5 30.3 38.7 43.0 Operating Expenses 21.8 22.0 22.5 25.1 29.6 Income before Tax 6.7 6.5 7.8 13.6 13.4 Provision for Income Tax 1.3 1.5 0.7 1.6 1.2 Net Income 5.4 5.0 7.1 12.1 12.2 27#28Historical key financial indicators 2019 2020 2021 2022 FY 2023 Return on Average Capital Funds 6.50% 5.50% 6.70% 11.24% 9.52% Return on Average Assets 0.80% 0.70% 0.80% 1.17% 1.06% Net Interest Margin 4.00% 4.30% 4.10% 3.70% 3.42% Cost-to-Income Ratio 60.80% 58.20% 61.90% 56.46% 59.29% CASA to Total Deposits 54.70% 56.40% 55.50% 49.09% 52.48% Net NPL Ratio 2.20% 2.90% 3.30% 2.00% 1.58% Credit Cost 1.70% 2.20% 1.20% 1.07% 1.48% CAR 13.80% 16.10% 15.20% 15.29% 17.37% 28#29For more information about RCBC, please contact Investor [email protected] 29 RCBC