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Investor Presentaiton

Profitability & Balance Sheet Net Income Before Provisions In Php Millions Total Assets In Php Billions 6,003 70% 10,215 1,087 0.4% 1,083 PNB You first. 1H 2019 1H 2020 Total operating income up by 24%, boosted by solid. growth in net interest income & increase in trading and foreign exchange gains. Net income reached P1,390 M in 1H 2020, 65% lower than year-ago level as the Bank took a proactive approach in its provisioning due to economic uncertainties on the impact of COVID-19. • 1H 2019 1H 2020 Total Assets almost flat in 1H 2020 as sustained momentum in core lending and deposit - taking activities cushioned the decline in trading and investment securities arising from the disposal of various securities, net of purchases. Page 9
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