Via ODiSy

August 10, 2012 PHILIPPINE STOCK EXCHANGE, INC. 3rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head Ms. Christina Marie C. Fortes Analyst Disclosure Department Re: Quarterly Report as of June 30, 2012 ===========================

Ladies: We transmit with this letter the quarterly report (SEC Form 17-Q) of BDO Unibank, Inc. for the period ended June 30, 2012. Thank you.

Very truly yours, ELMER B. SERRANO Corporate Information Officer

COVER SHEET
3 4 0 0 S.E.C. Registration Number B D O U N I B A N K , I N C . 1

B M

D A

O K A

C T

O I

(COMPANY'S FULL NAME) A T E C E N T

8 I

9 T

9 Y

A V E N U E , M A K A T I C (BUSINESS ADDRESS: NO. STREET CITY/TOWN/PROVINCE)

RUBY A. CRUZ Contact Person 0 6 Month 3 0 Day S E C 1 7 Form Type Q

856-7434/840-7000 loc 4575 Company Telephone Number

Every last Friday of the month of May

Annual Meeting Secondary License type, if applicable C F D Dept. Requiring this Doc. 13,386 Total No.of Stockholders

Amended Articles Number/Section Total Amount of Borrowings Domestic Foreign

To be Accomplished by SEC Personnel concerned

File Number

LCU

Document I.D.

Cashier

Stamps

Remarks: Pls. Use black ink of scanning purposes

SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND BRC RULES 17 (2) (b) THEREUNDER
1. For the quarter ended June 30, 2012. 2. Commission identification number 34001 BDO UNIBANK, INC. 4. Exact name of issuer as specified in its charter Makati City, Philippines 5. Province, country or other jurisdiction of incorporation or organization 6. Industry Classification Code (For SEC Use Only) 3. BIR Tax Identification No. 000-708-174-000

BDO Corporate Center, 7899 Makati Avenue, Makati City 7. Address of issuer's principal office 856-7434/840-7000 LOC 4575 8. Issuer's Telephone number, including area code NA

Postal Code

9. Former name, former address and former fiscal year, if changed since last report 10. Securities registered pursuant to Section 8 and 12 of the Code of Section 4 and 8 of the RSA Number of shares of Amount of Title of each class common stock outstanding Debt Outstanding Common stock 2,685,656,496 11. Are any or all of the securities listed on a stock exchange? Yes [X] No. [ ] If yes, state the name of such stock exchange and the class/es of securities listed therein: Philippine Stock Exchange -Common Stock 12. Indicate by check mark whether the registrant: a. has filed all reports required to be filed by Section 17 of the Code and SRC Rule 17 thereunder or Section 11 of the RSA and RSA 11 (a)-1 thereunder, and Section 26 and 141 of the Corporations Code of the Philippines, during the preceding twelve (12) months or such shorter period the registrant was required to file such reports. Yes [X] No. [ ] b. has been subject to such filing requirements for the last ninety (90) days Yes [X] No. [ ]

BDO UNIBANK, INC. & SUBSIDIARIES BDO Corporate Center, 7899 Makati Avenue, Makati City CONDENSED STATEMENTS OF FINANCIAL POSITION (Amounts in Millions of Pesos) Audited As of December 31, 2011

As of June 30, 2012 RESOURCES CASH AND OTHER CASH ITEMS DUE FROM BANGKO SENTRAL NG PILIPINAS DUE FROM OTHER BANKS INVESTMENT SECURITIES At Fair Value Through Profit or Loss Available-for-Sale net Held-to-Maturity net LOANS AND OTHER RECEIVABLESnet BANK PREMISES, FURNITURE, FIXTURES AND EQUIPMENT net INVESTMENT PROPERTIES EQUITY INVESTMENTS net DEFERRED TAX ASSETS OTHER RESOURCES - net TOTAL RESOURCES LIABILITIES AND CAPITAL FUNDS DEPOSIT LIABILITIES Demand Savings Time Total Deposit Liabilities BILLS PAYABLE SUBORDINATED NOTES PAYABLE OTHER LIABILITIES Total Liabilities EQUITY Attributable to Shareholders of the Parent Company Minority Interest Total Equity TOTAL LIABILITIES AND EQUITY P 102,749 644 103,393 1,171,677 P P 46,919 499,483 322,087 868,489 66,045 38,255 95,495 1,068,284 P P 14,603 144,422 17,657 9,493 117,497 94,401 724,002 15,576 9,056 4,282 5,393 15,295 P 1,171,677 P P

33,129 124,894 24,719 4,823 89,925 93,670 673,927 15,690 10,137 4,187 5,485 16,763 1,097,349

48,499 482,517 327,553 858,569 59,474 38,255 44,089 1,000,387

96,329 633 96,962 1,097,349

CONTINGENT Trust department accounts Unused commercial letters of credit Outstanding guarantees issued Export L/Cs Confirmed Bills for collection Late deposits/payment received Spot Exchange Bought Spot Exchange Sold Forward Exchange Bought Forward Exchange Sold Interest Rate Swap Receivable Interest Rate Swap Payable Other Contingent Accounts TOTAL CONTINGENT ACCOUNTS P 740,179 32,028 746 185 6,510 2,177 10,542 10,121 215,829 230,810 9,614 9,614 138,847 1,407,202 P 711,411 33,391 1,220 97 6,029 2,208 7,828 4,457 151,892 188,610 8,832 8,582 134,460 1,259,017

Note: This Financial Statement is in accordance with Philippine Financial Reporting Standards(PFRS)

BDO UNIBANK, INC. & SUBSIDIARIES BDO Corporate Center, 7899 Makati Avenue, Makati City CONDENSED STATEMENTS OF INCOME (Amounts in Millions of Pesos Except Per Share Data) For the six-month Period ended June 30, 2012 INTEREST INCOME ON Loans and Receivables Investment Securities Due from Other Banks Others Total Interest Income INTEREST EXPENSE ON Deposit liabilities Bills Payable and Others Total Interest Expense NET INTEREST INCOME IMPAIRMENT LOSSES NET INTEREST INCOME AFTER IMPAIRMENT LOSSES OTHER OPERATING INCOME Service Charges, Fees and Commissions Trading Gain net Trust Fees Foreign Exchange Gain/(Loss) net Miscellaneous net Total Other Operating Income OTHER OPERATING EXPENSES Employee Benefits Occupancy Taxes and licenses Security, Clerical, Messengerial and Janitorial Insurance Advertising Litigation/Assets Acquired Miscellaneous Total Other Operating Expenses INCOME BEFORE TAX TAX EXPENSE (INCOME) NET INCOME AFTER TAX ATTRIBUTABLE TO: Equity holders of the parent Minority Interest P For the six-month Period ended June 30, 2011 For the Quarter ending June 30, 2012 For the Quarter ending June 30, 2011

20,531 5,417 387 146 26,481

17,841 5,357 1,272 257 24,727

10,480 2,790 141 77 13,488

9,058 2,656 627 90 12,431

6,749 2,370 9,119 17,362 2,522 14,840

5,992 1,679 7,671 17,056 3,545 13,511

3,308 1,217 4,525 8,963 1,225 7,738

3,016 845 3,861 8,570 1,477 7,093

5,840 3,769 960 -550 1,167 11,186

5,063 2,593 835 696 1,229 10,416

3,085 1,413 483 -265 678 5,394

2,458 1,095 420 495 598 5,066

7,109 2,191 2,055 1,021 903 1,135 375 4,595 19,384 6,642 812 5,830 P

6,482 2,111 1,795 934 826 1,104 349 4,397 17,998 5,929 877 5,052 P

4,130 1,091 988 513 453 594 193 1,775 9,737 3,395 389 3,006 P

3,867 1,063 892 478 415 524 172 1,748 9,159 3,000 408 2,592

5,800 30 5,830

5,025 27 5,052

2,990 16 3,006

2,581 11 2,592

AVERAGE COMMON STOCK INCOME PER SHARE (See annex A) Basic Diluted

2,686

2,607

2,686

2,607

2.04 2.04

1.80 1.80

1.11 1.10

0.99 0.97

Note: This Financial Statement is in accordance with Philippine Financial Reporting Standards(PFRS)

BDO UNIBANK, INC. & SUBSIDIARIES BDO Corporate Center, 7899 Makati Avenue, Makati City STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Millions of Pesos) For the six-month period ending June 30, 2012 NET PROFIT OTHER COMPREHENSIVE INCOME(LOSS) Net unrealized fair value gains(losses) on available-for-sale securities Translation adjustment related to foreign operations Other Comprehensive Income, net of tax TOTAL COMPREHENSIVE INCOME(LOSS) 5,830 For the six-month period ending June 30, 2011 5,052

994 (47) 947 6,777

(1,249) (10) (1,259) 3,793

Attributable To: Shareholders of the Parent Bank Non-controlling Interest

6,753 24 6,777

3,796 (3) 3,793

Note: This Financial Statement is in accordance with Philippine Financial Reporting Standards(PFRS)

BDO UNIBANK, INC. & SUBSIDIARIES CASH FLOW STATEMENTS FOR THE PERIODS ENDED JUNE 30, 2012 AND 2011 (Amounts in Millions of Pesos) 2012 CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments for: Interest income Interest received Interest expense Interest paid Impairment losses Depreciation and amortization Fair value loss (gain) Operating loss before changes in operating resources and liabilities Decrease (increase) in financial assets at fair value through profit or loss Decrease (increase) in loans and other receivables Decrease (increase) in investment properties Decrease (increase) in other resources Increase (decrease) in deposit liabilities Increase (decrease) in other liabilities Cash generated from (used in) operations Cash paid for income tax Net Cash From (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Net acquisitions of bank premises, furniture, fixtures and equipment Net decrease (increase) in equity investment Net decrease (increase) in held-to-maturity investments Net decrease (increase) in available-for-sale financial assets Net Cash From (Used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Net proceeds from (payments of) bills payable Dividends paid Net Cash From (Used in) Financing Activities NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR Cash and other cash items Due from Bangko Sentral ng Pilipinas Due from other banks 2011

6,642 (26,481) 25,985 9,119 (8,991) 2,522 1,255 (372) 9,679 (4,281) (52,342) 909 1,292 9,971 51,217 16,445 (624) 15,821

5,929 (24,727) 25,521 7,671 (7,978) 3,545 1,242 (324) 10,879 1,235 (63,548) 287 (1,090) 20,161 12,662 (19,414) (701) (20,115)

(956) (95) (767) (26,112) (27,930)

(690) (401) 4,655 (1,182) 2,382

6,393 (344) 6,049

(822) (2,937) (3,759)

(6,060)

(21,492)

33,129 124,894 24,719 182,742

26,673 138,482 21,777 186,932

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD Cash and other cash items Due from Bangko Sentral ng Pilipinas Due from other banks

14,603 144,422 17,657 176,682

19,392 131,296 14,752 165,440

BDO UNIBANK, INC. & SUBSIDIARIES BDO Corporate Center, 7899 Makati Avenue, Makati City STATEMENT OF CHANGES IN EQUITY COMPARATIVE PERIODS ENDED JUNE 30, 2012 AND 2011 (Amounts in Millions of Pesos) Net Unrealized Fair Value Gain(Losses) on Available-forsale Securities 4,360 P Total Accumulated Atributable to NonTranslation Shareholders Controlling Total Equity Adjustment of the Parent Interest Bank 365) P 96,329 P 633 P 96,962

Common Stock

Preferred Stock

Common Treasury Stock Shares Options at Cost

Additional Paid-in Capital

Surplus Reserves

Surplus Free

Revaluation Increment

Balance at January, 2012 Transactions with owners Issuance of additional shares Premium on issuance of new shares, net of listing fees Stock dividend declaration for common & preferred stocks Cash Dividends Audit Adjustments Total transactions with owners Total comprehensive income Transfer to/(from) Surplus Free Additional appropriation Reversal of Unrealized Gain

26,074 P

5,000 P

- P

- P

25,175 P

1,696 P

33,271 P

1,118 (P

782

150 4,592 (5,524) (330) (3) (5,857) 5,800

782

150

4,592

0 1,000

0 (47)

932 4,592 (5,524) (330) (3) (333) 6,753

(14) 1 (13) 24

932 4,592 (5,524) (344) (2) (346) 6,777

424 0 0 5,150 P 0 - P 0 - P 0 29,767 P 424 2,120 P

(424) 73 (351) 32,863 P

(73) (73) 5,287 P

0 1,118 (P

0 412) P

0 0 0 102,749 P

0 644 P

0 0 0 103,393

Balance at June 30, 2012

26,856 P

Balance at January, 2011 Transactions with owners Cash Dividends Audit Adjustments Total transactions with owners Total comprehensive income Transfer to/(from) Surplus Free Additional appropriation Revaluation increment on land and building sold

26,074 P

5,000 P

- P

- P

25,175 P

1,550 P

25,737 P

3,664 P

1,165 (P

356) P

88,009 P

723 P

88,732

(2,937) 48 (2,889) 5,025

0 (1,219)

0 (10)

(2,937) 48 (2,889) 3,796

(37) (37) (3)

(2,937) 11 (2,926) 3,793

29 0 0 5,000 P 0 - P 0 - P 0 25,175 P 29 1,579 P

(29) 69 40 27,913 P

0 2,445 P

(47) (47) 1,118 (P

0 366) P

0 22 22 88,938 P

0 683 P

0 22 22 89,621

Balance at June 30, 2011

26,074 P

BDO UNIBANK, INC. & SUBSIDIARIES BDO Corporate Center, 7899 Makati Avenue, Makati City AGING OF LOANS AND ACCOUNTS RECEIVABLE As of June 30, 2012 (Amounts in Millions of Pesos)

TYPE OF ACCOUNTS A. INTERBANK TERM LOANS RECEIVABLES B. LOANS AND RECEIVABLES Loans & Discounts Agra-Agri Loans Bills Purchases Customers Liability on draft under LC/TR Customers Liability for this bank's acceptances Credit Card Receivables Restructured Loans Other Loan & Receivables Reverse Repurchase Agreement Unquoted Debt Securities Classified as Loans C. ACCOUNTS RECEIVABLE TOTAL P P P P

CURRENT 17,217 P 707,287 P 599,913 24,233 14,417 29,041 1,464 24,623 41 6,008 3,301 4,246 2,638 P 727,142 P

61 180 DAYS 0 P 5,012 P 3,208 16 0 1 0 1,464 0 323 0 0 625 P 5,637 P

181 - 360 DAYS 0 P 5,420 P 4,370 0 0 74 0 880 73 23 0 0 877 P 6,297 P

OVER 360 DAYS 0 P 14,658 P 4,942 0 25 1,633 0 3,886 3,054 948 0 170 2,302 P 16,960 P

ITEMS IN LITIGATION 0 P 3,504 P 2,841 0 2 271 0 188 175 27 0 0 4 P 3,508 P

TOTAL 17,217 735,881 615,274 24,249 14,444 31,020 1,464 31,041 3,343 7,329 3,301 4,416 6,446 759,544

Annex A BDO UNIBANK, INC. & SUBSIDIARIES 7899, BDO Corporate Center, Makati Avenue, Makati City COMPUTATION OF WEIGHTED NUMBER OF COMMON SHARES (Amounts in Millions of Pesos Except Per Share Data) 2012 Outstanding Balance Average Number of of Common Shares Common Shares 2,686 2,686 2,686 2,686 2,686 2,686 2011 Outstanding Balance Average Number of of Common Shares Common Shares 2,607 2,607 2,607 2,607 2,607 2,607

NO. OF SHARES COMMON As of June January February March April May June Weighted Average Basic Earnings per share Net profit attributable to shareholders of the Parent Bank Less: Dividends on preferred shares Net profit available to common shares Divided by the weighted average number of outstanding common shares Basic Earnings per share Diluted Earnings Per Share Net profit attributable to shareholders of the Parent Bank Divided by the weighted average number of outstanding common shares: Weighted Average number of common shares Potential common shares from assumed conversion of preferred shares Potential common shares from assumed conversion of stock option plan Total weighted average number of common shares after assumed conversion of convertible preferred shares Diluted Earnings Per Share Note:

2,686 2,686

2,607 2,607

5,800 330 5,470 2,686 2.04

5,025 330 4,695 2,607 1.80

5,470

4,695

2,686 0 0 2,686 2.04

2,607 0 0 2,607 1.80

*Net profit attributable to shareholders of the Parent Bank is reduced by dividends on prferred shares as these were not assumed to be coverted. Potential common shares from assumed conversion of these prferred shares are anti-dilutive in 2012 and 2011.

BDO Unibank, Inc. & Subsidiaries Balances by Segment As of June 30, 2012 (Amounts in Millions of Pesos) Commercial Banking Investment Banking Statement of Income Total Interest Income External Inter-Segment Private Banking Others Total Eliminations Group

25,291 59 25,350

41 3 44

511 1 512

638 8 646

26,481 71 26,552

0 (71) (71)

26,481 0 26,481

Total Interest Expense External Inter-Segment

8,780 10 8,790 16,560

0 21 21 23

158 0 158 354

181 39 220 426

9,119 70 9,189 17,363

0 (70) (70) (1)

9,119 0 9,119 17,362

Net Interest Income Other Operating Income Investment Banking Fees Others

0 9,570 9,570

479 70 549

0 279 279

0 1,037 1,037

479 10,956 11,435

0 (249) (249)

479 10,707 11,186

Other Operating Expenses Depreciation and Amortization Impairment Losses Others

1,136 2,464 17,067 20,667 5,463 545 4,918

2 0 160 162 410 113 297

18 0 350 368 265 41 224

99 58 606 763 700 113 587

1,255 2,522 18,183 21,960 6,838 812 6,026

0 0 (54) (54) (196) 0 (196)

1,255 2,522 18,129 21,906 6,642 812 5,830

Profit before Tax Tax Expense Net Profit Statements of Financial Position Total Resources Segment Assets Intangible Assets Deferred Tax Assets Total Liabilities Other Segment Information Capital expenditures Investment in associate under equity method Share in the Profit of associates

1,124,340 521 5,548 1,130,409 1,033,639

49,967 10 (41) 49,936 47,994

22,757 8 4 22,769 17,537

27,379 1 (118) 27,262 16,101

1,224,443 540 5,393 1,230,376 1,115,271

(58,699) 0 0 (58,699) (46,987)

1,165,744 540 5,393 1,171,677 1,068,284

816 4,823 178

3 18 18

39 0 0

155 0 0

1,013 4,841 196

0 0 0

1,013 4,841 196

BDO Unibank, Inc. & Subsidiaries Balances by Segment As of June 30, 2011 (Amounts in Millions of Pesos) Commercial Banking Investment Banking Statement of Income Total Interest Income External Inter-Segment Private Banking Others Total Eliminations Group

23,490 36 23,526

18 5 23

492 45 537

727 8 735

24,727 94 24,821

0 (94) (94)

24,727 0 24,727

Total Interest Expense External Inter-Segment

7,330 13 7,343 16,183

0 8 8 15

199 0 199 338

142 28 170 565

7,671 49 7,720 17,101

0 (49) (49) (45)

7,671 0 7,671 17,056

Net Interest Income Other Operating Income Investment Banking Fees Others

0 8,917 8,917

350 116 466

0 371 371

0 791 791

350 10,195 10,545

0 (129) (129)

350 10,066 10,416

Other Operating Expenses Depreciation and Amortization Impairment Losses Others

1,069 3,430 15,776 20,275 4,825 664 4,161

2 0 133 135 346 91 255

9 29 308 346 363 36 327

162 86 574 822 534 86 448

1,242 3,545 16,791 21,578 6,068 877 5,191

0 0 (35) (35) (139) 0 (139)

1,242 3,545 16,756 21,543 5,929 877 5,052

Profit before Tax Tax Expense Net Profit Statements of Financial Position Total Resources Segment Assets Intangible Assets Deferred Tax Assets Total Liabilities Other Segment Information Capital expenditures Investment in associate under equity method Share in the Profit of associates

995,408 657 5,686 1,001,751 917,306

2,763 10 (28) 2,745 1,330

22,400 1 29 22,430 17,609

24,134 1 (84) 24,051 17,396

1,044,705 669 5,603 1,050,977 953,641

(17,349) 0 0 (17,349) (9,634)

1,027,356 669 5,603 1,033,628 944,007

881 4,328 174

0 0 0

6 0 0

204 0 0

1,091 4,328 174

0 0 0

1,091 4,328 174