Investor Presentaiton

1H 2020 P&L PNB You first. (in PHP million) Interest Income Interest Expense 1H2020 1H 2019 PNB Consolidated % Change 24,494 23,711 3.3% 7,014 8,967 -21.8% NET INTEREST INCOME 17,480 14,744 18.6% Fee-Based and Other Income 6,143 4,383 40.2% Net Service Fees and Commission Income 1,696 1,856 -8.6% Other Income 4,447 2,527 76.0% TOTAL OPERATING INCOME 23,623 19,127 23.5% Admin and Operating Expense 13,408 13,124 2.2% Income Before Provisions 10,215 6,003 70.2% Provision for impairment and credit losses Provision for Income Tax 8,440 809 943.3% 385 1,225 -68.6% NET INCOME 1,390 3,969 -65.0% Return on average equity (ROE) 1.8% 6.0% Return on average assets (ROA) Net Interest Margin (NIM RATE) Cost efficiency ratio 0.3% 0.7% 3.5% 3.8% 59.1% 69.2% Page 10

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