Tag page - Philippine Business Bank (PBB)

The Philippine Business Bank (PBB) reported a 23.6 percent rise in its net income to P1.1 billion in the first nine months of 2023 compared to P926 million in the same period in 2022, attributed to its balance sheet expansion and better operating efficiency. The bank noted a strong performance in...

The Philippine banking industry was not spared from the onslaught of the COVID-19 pandemic. Banks incurred major losses due to the economic slump caused by the lockdown from suffering loan defaults, to interest rate cuts, and deficits, among others. Despite these, the banking sector remained...

Philippine Business Bank reported a 25 percent drop in net income to P938.9 million last year from P1.26 billion in 2019 due to higher provisioning. In a disclosure to the Philippine Stock Exchange, the bank said core income grew 41.9 percent to P2.78 billion in 2020 from P1.96 billion in the...