SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Mar 15, 2023

2. SEC Identification Number

24221

3. BIR Tax Identification No.

000-440-440-00

4. Exact name of issuer as specified in its charter

Bank of Commerce

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

San Miguel Properties Center Bldg. #7 St. Francis Street Ortigas Center Mandaluyong Postal Code 1550

8. Issuer's telephone number, including area code

(632) 982-6000

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stocks	1,403,013,920

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Bank of CommerceBNCOM

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Bank of Commerce records highest ever Net Income since SMC acquisition
Background/Description of the Disclosure
Bank of Commerce (BankCom), hit a record high net income of ₽1.8 billion for the year ended 31 December 2022, a 49% increase from last year’s ₽1.2 billion, the highest since the acquisition of SMC. The bank’s stellar performance culminates its banner year wherein it successfully raised P3.37B of common stock capital through an IPO, was listed in the Philippine Stock Exchange, raised its maiden issuance of P7.5B bonds and was officially conferred a universal banking license. BankCom is an affiliate of San Miguel Corporation led by its President and CEO Ramon S. Ang.
Other Relevant Information
Please see attached file