EAST WEST BANKING CORPORATIONThe Beaufort, 5th Avenue corner 23rd Street, Fort Bonifacio Global City, Taguig City

STATEMENT OF CONDITIONHead Office and BranchesAs of December 31, 2018

CONSOLIDATED STATEMENT OF CONDITIONBank and Financial Subsidiaries

As of December 31, 2018

Current Quarter Previous Quarter Current Quarter Previous QuarterASSETS ASSETS BOARD OF DIRECTORSCash and Cash Items P 7,097,651,586.90 5,356,475,250.19 Cash and Cash Items P 7,185,241,042.92 5,444,745,762.81Due from Bangko Sentral ng Pilipinas 39,968,275,214.34 35,046,719,020.35 Due from Bangko Sentral ng Pilipinas 40,577,383,017.43 35,565,827,063.44 ChairmanDue from Other Banks 10,178,728,780.86 11,200,936,542.70 Due from Other Banks 10,323,406,616.12 11,270,931,933.66 JONATHAN T. GOTIANUNFinancial Assets at Fair Value through Profit or Loss 4,538,525,601.75 4,502,845,422.90 Financial Assets at Fair Value through Profit or Loss 4,538,525,601.75 4,502,845,422.90Available-for-Sale Financial Assets-Net 248,207,258.69 559,925,283.54 Available-for-Sale Financial Assets-Net 248,207,258.69 559,925,283.54 Vice Chairman and CEOHeld-to-Maturity (HTM) Financial Assets-Net 36,780,809,449.09 31,863,124,568.63 Held-to-Maturity (HTM) Financial Assets-Net 36,780,809,449.09 31,863,124,568.63 ANTONIO C. MONCUPA JR.Unquoted Debt Securities Classified as Loans-Net 0.00 0.00 Unquoted Debt Securities Classified as Loans-Net 0.00 0.00Loans and Receivables - Net 214,382,546,686.73 198,958,184,043.02 Loans and Receivables - Net 237,942,814,409.38 221,258,511,152.50 Directors

Interbank Loans Receivable 5,862,670,000.00 2,511,930,000.00 Interbank Loans Receivable 5,862,670,000.00 2,511,930,000.00 MERCEDES T. GOTIANUNLoans and Receivables - Others 210,614,621,911.31 198,282,494,339.75 Loans and Receivables - Others 234,277,668,808.19 220,627,493,487.66 L. JOSEPHINE T. GOTIANUN-YAPLoans and Receivables Arising from RA/CA/PR/SLB 0.00 0.00 Loans and Receivables Arising from RA/CA/PR/SLB 0.00 0.00 ANTONIO C. MONCUPA JR.General Loan Loss Provision 2,094,745,224.58 1,836,240,296.73 General Loan Loss Provision 2,197,524,398.81 1,880,912,335.16 WILSON L. SY

Other Financial Assets 3,315,840,929.61 2,519,600,677.63 Other Financial Assets 3,456,552,619.80 2,705,984,938.35 JESUS ROBERTO S. REYESEquity Investment in Subsidiaries, Associates & Joint Ventures-Net 4,386,446,866.95 4,456,438,926.28 Equity Investment in Subsidiaries, Associates & Joint Ventures-Net 844,646,200.14 948,873,851.93 JOSE S. SANDEJASBank Premises, Furniture, Fixture and Equipment-Net 2,389,520,615.90 2,451,080,277.71 Bank Premises, Furniture, Fixture and Equipment-Net 2,638,511,463.20 2,723,343,738.12 CARLOS R. ALINDADAReal and Other Properties Acquired-Net 1,476,322,756.95 1,568,338,325.70 Real and Other Properties Acquired-Net 1,477,393,634.20 1,569,426,440.23 PAUL A. AQUINOOther Assets-Net 21,437,061,341.64 21,416,202,474.88 Other Assets-Net 21,569,322,805.53 20,873,605,979.41TOTAL ASSETS P 346,199,937,089.41 319,899,870,813.53 TOTAL ASSETS P 367,582,814,118.25 339,287,146,135.52

Corporate SecretaryLIABILITIES LIABILITIES Atty. BENEDICTO M. VALERIO JR.Financial Liabilities at Fair Value through Profit or Loss P 145,941,947.68 156,033,506.63 Financial Liabilities at Fair Value through Profit or Loss P 145,941,947.68 156,033,506.63Deposit Liabilities 269,266,494,083.54 247,869,948,431.15 Deposit Liabilities 288,314,043,614.45 264,792,473,953.25Bills Payable 17,939,215,357.77 13,573,359,205.00 Bills Payable 17,939,215,357.77 13,573,359,205.00 President and Deputy CEO

a) BSP (Rediscounting and Other Advances) 4,000,000,000.00 1,700,000,000.00 a) BSP (Rediscounting and Other Advances) 4,000,000,000.00 1,700,000,000.00 JESUS ROBERTO S. REYESb) Interbank Loans Payable 2,050,000,000.00 1,500,000,000.00 b) Interbank Loans Payable 2,050,000,000.00 1,500,000,000.00c) Other Deposit Substitute 11,889,215,357.77 10,373,359,205.00 c) Other Deposit Substitute 11,889,215,357.77 10,373,359,205.00d) Others 0.00 0.00 d) Others 0.00 0.00 Senior Executive Vice President

Unsecured Subordinated Debt - Net 4,975,862,257.33 4,975,022,542.98 Unsecured Subordinated Debt - Net 6,214,478,839.71 6,213,384,688.03 GERARDO SUSMERANORAFAEL S. ALGARRA JR.

JACQUELINE S. FERNANDEZDue to Bangko Sentral ng Pilipinas 0.00 0.00 Due to Bangko Sentral ng Pilipinas 0.00 0.00Other Financial Liabilities 2,682,456,578.63 1,967,393,592.10 Other Financial Liabilities 2,931,627,360.55 2,236,748,809.92Other Liabilities 8,406,671,807.09 9,795,318,109.96 Other Liabilities 9,254,512,194.35 10,752,650,800.62TOTAL LIABILITIES P 303,416,642,032.04 278,337,075,387.82 TOTAL LIABILITIES P 324,799,819,314.51 297,724,650,963.45

STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITYCapital Stock P 27,708,814,627.83 27,708,814,627.83 Capital Stock P 27,708,814,627.83 27,708,814,627.83Other Capital Accounts 4,418,001,637.87 2,984,759,589.59 Other Capital Accounts 4,391,140,658.24 2,957,898,609.95Retained Earnings 10,656,478,791.67 10,869,221,208.29 Retained Earnings 10,683,039,517.67 10,895,781,934.29TOTAL STOCKHOLDERS’ EQUITY P 42,783,295,057.37 41,562,795,425.71 TOTAL STOCKHOLDERS’ EQUITY P 42,782,994,803.74 41,562,495,172.07

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY P 346,199,937,089.41 319,899,870,813.53 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY P 367,582,814,118.25 339,287,146,135.52

CONTINGENT ACCOUNTS CONTINGENT ACCOUNTSGuarantees Issued P 761,963,278.39 595,504,399.10 Guarantees Issued P 761,963,278.39 595,504,399.10Performance Standby Letters of Credit 2,075,057,872.66 2,055,937,403.59 Performance Standby Letters of Credit 2,075,057,872.66 2,055,937,403.59Commercial Letters of Credit 2,248,645,133.41 2,680,057,590.73 Commercial Letters of Credit 2,248,645,133.41 2,680,057,590.73Trade Related Guarantees 4,009,732,806.57 3,768,111,603.03 Trade Related Guarantees 4,009,732,806.57 3,768,111,603.03Commitments 54,315,719,706.56 53,142,851,199.10 Commitments 54,315,719,706.56 53,142,851,199.10Spot Foreign Exchange Contracts 4,889,940,000.00 10,491,508,594.04 Spot Foreign Exchange Contracts 4,889,940,000.00 10,491,508,594.04Securities Held Under Custodianship by Bank Proper 0.00 0.00 Securities Held Under Custodianship by Bank Proper 0.00 0.00Trust Department Accounts 24,470,187,481.74 17,290,394,859.59 Trust Department Accounts 24,470,187,481.74 17,290,394,859.59Derivatives 2,103,200,000.00 3,444,112,625.00 Derivatives 2,103,200,000.00 3,444,112,625.00Others 11,759,449,694.63 28,951,919,503.69 Others 11,760,951,458.11 28,952,614,706.38TOTAL CONTINGENT ACCOUNTS P 106,633,895,973.96 122,420,397,777.87 TOTAL CONTINGENT ACCOUNTS P 106,635,397,737.44 122,421,092,980.56

ADDITIONAL INFORMATION ADDITIONAL INFORMATION

Gross Total Loan Portfolio (TLP) P 221,166,214,751.38 205,623,058,452.01 1. List of Financial Allied Subsidiaries (excluding SubsidiarySpecific Allowance for Credit Losses on the TLP P 4,688,922,840.07 4,828,634,112.26 Insurance Companies)Non-Performing Loans (NPLs)

a. Gross NPLs P 10,239,430,293.81 9,928,665,998.30 1 East West Rural Bankb. Ratio of Gross NPLs to Gross TLP (%) 4.63 4.83 2 East West Finance and Leasing Corp.c. Net NPLs P 6,212,140,469.85 5,912,122,806.10d. Ratio of Net NPLs to Gross TLP (%) 2.81 2.88 2. List of Subsidiary Insurance Companiese. Ratio of total allowance for credit losses to gross NPL’s(%) 66.25% 67.13%f. Ratio of Specific allowance for credit losses on the gross TLP to gross NPL’s(%) 45.79% 48.63%

Classified Loans & Other Risk Assets, gross of allowance for credit losses P 18,781,000,000.00 18,781,000,000.00DOSRI Loans and receivables, gross allowance for credit losses P 14,033,369,050.66 14,634,841,764.04Ratio of DOSRI Loans and receivables, gross allowance forcredit losses, to gross TLP (%) 6.35 7.12 3 Capital Adequacy Ratio (CAR) on Consolidated Basis,Gross Non-Performing DOSRI Loans and Receivables P 0.00 0.00 as prescribed under existing regulationsRatio of Gross Non-Performing DOSRI Loans and Receivables to TLP (%) 0.00 0.00 a. Total CAR (%) 12.76 13.10Percent Compliance with Magna Carta (%) b. Tier 1 Ratio (%) 10.29 10.65

a. 8% for Micro and Small Enterprises 1.96 1.69 c. Common Equity Tier 1 Ratio (%) 1/ 10.29 10.65b. 2% for Medium Enterprises 4.80 4.28

Return on Equity (ROE) (%) 14.70 10.59Capital Adequacy Ratio (CAR) on Solo Basis, as prescribed under existing regulations

a. Total CAR (%) 12.77 13.13b. Tier 1 Ratio (%) 10.13 10.44c. Common Equity Tier 1 Ratio (%) 1/ 10.13 10.441/ Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks. 1/ Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks.

I hereby certify that all matters set forth in this Published Balance Sheet are true and correct, to the best of my knowledge and belief. I hereby certify that all matters set forth in this Published Balance Sheet are true and correct, to the best of my knowledge and belief.

JESUS ROBERTO S. REYESPresident and Deputy CEO

JESUS ROBERTO S. REYESPresident and Deputy CEO