Investor Presentaiton

Profitability & Balance Sheet Net Income In Php Millions 1,792 34% 1,337 Total Assets In Php Billions 1,231 -8% 1,136 PNB You first. • • Q1 2020 Q1 2021 Higher Net Income due to improvement in net service fees, lower operating expenses, and reduced provisions for credit losses Lower Net Interest Income owing to the Bank's prudent approach in asset deployment amid lingering economic uncertainties combined with lower yields on earning assets due to downtrend in benchmark interest rates. FY 2020 Q1 2021 Total Assets were lower in Q1 2021 caused by reduced investment securities as well as drop in Due from BSP. Page 9

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