Month: February 2022

PNB records P11.1 billion net income for 1st half of 2022

Philippine National Bank (PSE: PNB) ended the first half of 2022 with net income of P11.1 billion, increasing by P8.2 billion from the net results as of the first quarter of the year, mainly due to higher net interest income and gain on sale of a major investment property, as well as net reversals of

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Holding Firms

Ayala’s 56 percent net profit growth in 1H22 spurred by local economic recovery

Ayala Corporation | 1H 2022 Earnings Release 1H22 vs 1H21 Highlight Ayala’s net income grew 56 percent to ₱16.3 billion in the first semester of 2022 mainly due to BPI’s higher revenues, reduced provisioning, and gain from a property sale, Ayala Land’s strong leasing revenues from shopping centers and hotels and resorts, and Globe’s higher

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