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ceo UPDATES, as of 2-29-2012

EXECUTIVE COMMITTEE MEETING MARCH 30, 2012. ceo UPDATES, as of 2-29-2012. Assets. PhP767M AS OF 2-29-12, DOWN BY PhP13M FROM YEAR-END 2011 LEVEL OF PhP780M PhP238M INCREASE FROM 2-28-11 LEVEL OF 529M PHP85M SHORT OF TARGET OF PhP852M. Loans portfolio.

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ceo UPDATES, as of 2-29-2012

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  1. EXECUTIVE COMMITTEE MEETING MARCH 30, 2012 ceo UPDATES, as of 2-29-2012

  2. Assets • PhP767M AS OF 2-29-12, DOWN BY PhP13M FROM YEAR-END 2011 LEVEL OF PhP780M • PhP238M INCREASE FROM 2-28-11 LEVEL OF 529M • PHP85M SHORT OF TARGET OF PhP852M

  3. Loans portfolio • PHP539M A/O 2-29-12, UP BY PHP5M FROM PREVIOUS MONTH (01-31-11) • PHP57M SHORT OF TARGET • UP BY PhP180M FROM 2-28-11 • PORTFOLIO AT RISK AT 13%, DUE TO REDUCTION OF PORTFOLIO LEVEL,NOT OUT OF NEW PDLs ARISING

  4. Liabilities / funding • PhP663M, DECREASEOF PHP15M FROM DECEMBER 2011 LEVEL, WITH PAYMENTS TO SBC & OIKO • TOTAL APPROVED LINES : PHP680M • OUTSTANDING BALANCE: PHP663M • AVAILABLE BALANCE: PHP17M

  5. Other funding updates • INCOFIN US$1M – RELEASED IN MARCH, 2012 • US$350K LOAN WITH CARE FULLY PAID • US$500K LOAN WITH PLANIS FULLY PAID, RENEWAL FOR REVIEW • LBP LINE INCREASE BY PHP80M, PHP40M RELEASED BY MARCH, 2012 • SYMBIOTICS US$2M RENEWED, INCREASE IN OUR LINE BY US$2M TO BE AVAILED BY APRIL, 2012 • CO-FINANCING AGREEMENT WITH BPI-GLOBE-BANKO, PHP600M (PHP30M PER PFI, 20 PFIs MINIMUM), FOR IMPLEMENTATION MID-APRIL 2012

  6. Equity • AT PHP103M A/O 2-29-12 • INCREASE OF PHP1.6M FROM YEAR-END 2011 • COMMON SHARES (WITH CARE CASH DIVIDENDS CONSIDERED, BEFORE CONVERSION OF PFI SHARES TO PREF B) • CARE – 24.5M - 49% • SEAD - 8.9M - 18% • PFIs - 16.3M - 33% • PREFERRED “A” (BEFORE CONVERSION) • CARE - 9.2M • PREFERRED “B” • CARE - 9.83 M • PFIs - 15.64M

  7. Income • NET INCOME BEFORE TAX & DIVIDENDS OF PHP385KA/O 2-29-12 • PHP1.8M SHORT OF PROJECTED PHP2.2M

  8. Ratios • ROE – 0.38% • ROA – .05% • PAR - 13% /4% (EXCLUSIVE OF REST, ITLs) • D:E RATIO – 6.61%, ADJUSTED • D:E RATIO – 8.88%, UNADJUSTED • CAR – 18%

  9. SMART IAP & SMARTowns • 72 MIMOS OPERATING A/O 2-29-12 • Recent launches – LAPUYAN MPC, PAGLAUM MPC, TUPECO • SUMMARY FOR Q3-Q4 2011, Q1 2012:

  10. Mobile-BEAT • MCPI ASSESSMENT OF FPIF, DONE; POSSIBLE PHASE 2 OF FPIF MIDDLE OF THE YEAR • USAID SIMM PROJECT, SET TO START BY APRIL OR MAY 2012, PER JOHN OWENS • SMART MONEY ACCREDITATION PROGRAM BY MABS FOR RBs, STARTED, WITH SEEDFINANCE MAX AS TRAINER • MARCH 9 – LUZON CONFED; 12 RBs PARTICIPATED • APRIL OR MAY - VISAYAS

  11. ENCASH ATM Banking • 14 PFIs PARTICIPATING • 38 ATMs ONSITE • PhP68.7M WORTH OF TRANSACTIONS IN FEB2012 • WITHDRAWAL COUNT - 26,719 IN FEB 2012 • PHP275K PFIs’ SHARE IN CONVENIENCE FEES • VARIANCES: • ENCASH TO JOIN REGIONAL DIALOGUES FOR NEW ROUND OF MARKETING WITH SF PFIs

  12. SF-MAX • ONGOING • MANUALIZATION OF POLICIES & PROCEDURES WITH PFIs • PMEF VALIDATION/ASSESSMENT • CONDUCT OF FGDs FOR PINOY ME/DSWD PROJECTS IN MINDORO, PANAY, MINDANAO, BOHOL • SMART MONEY ACCREDITATION PROGRAM WITH MABS, FOR RURAL BANKS • UPCOMING • USAID – SIMM PROJECT • PMEF-DAR ON ARISP

  13. Social Performance Management • STRATEGIC REALIGNMENT WORKSHOP FOR SEEDFINANCE – FEBRUARY 27-29, 2012, DONE • CONFIRMATORY WORKSHOP WITH BOD ON MAY 19 • STRATEGIC REALIGNMENT WORKSHOP FOR 3 PILOT PFIs DONE • PPI & CPP ORIENTATION FOR BOTH SEEDFINANCE & PFIs – POSSIBLY STARTING BY MID-APRIL, 2012 • PRODUCT DEV BY MICROSAVE BY MAY, 2012 • OUTREACH MAPPING LAUNCHED, DATA COLLECTION ONGOING

  14. Funding & networking • LENDWITHCARE • CORDAID ON CLIMATE-CHANGE SPECIFIC VALUE-CHAIN FINANCING • PEERS DIRECT INVESTMENT, LUXEMBOURG ON AGRI-MICROFINANCE, VCF • BRIDGE INVESTMENTS – POSSIBLE INVESTMENT FOR RURAL BANK PARTNERS

  15. Human Resources • MONTHLY INCENTIVE PROGRAM – EXTENDED for 3 MONTHS • TRAINING NEEDS ANALYSIS RESULTS BY APRIL 10, 2012 • COMPENSATION & BENEFITS SURVEY FINISHED; REPORT & RECOMS BY MID APRIL, 2012

  16. THANK YOU

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