PBB profit jumps to ₱1.26 B in 2019

Published April 11, 2020, 12:00 AM

by manilabulletin_admin

Philippine Business Bank reported a 46.4 percent jump in net income to ₱1.26 billion last year from the P858.0 million earned in 2018.

In a disclosure to the Philippine Stock Exchange, PBB said interest income expanded to ₱7.09 billion from ₱5.51 billion in 2018, up 28.8 percent.

Core income grew to ₱1.96 billion from ₱1.57 billion, a 25.2 percent increase year-on-year (YoY). PBB Vice Chairman, President and CEO Roland Avante said “2019 has been a great year for the Bank with record-setting earnings. Our profitability is generated from diversified revenue streams.

The strong core business was supplemented by trading profits.” (James A. Loyola)

 
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