December 8, 2022
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Banks

EastWest Bank 2Q 2022 income doubles

Gotianun-led EastWest Bank (EW) booked a net income of ₱1.0 billion for the second quarter (Q2) of 2022, almost double the first quarter’s (Q1) ₱507.6 million due to the increase in loans and fixed-income securities portfolio. Year-to-date (YTD) net income was at ₱1.5 billion, ₱2.3 billion lower than the ₱3.8 billion in the same period […]

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Banks

Security Bank net income up 100% to PHP6.2 billion in H1-2022

Security Bank Corporation (PSE: SECB) posted a 100% year-on-year increase in net income to PHP6.2 billion in H1-2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. Net interest income increased 6% to PHP14.4 billion. Total non-interest income was at PHP4.8 billion. Service charges, fees and commissions grew 22% to […]

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Banks

Philippine Business Bank’s net income grew 18.4% to ₱620.3 million

Philippine Business Bank’s net income grew 18.4% to ₱620.3 million Core income at ₱1,383.8 million Profitability continues to improve following 2021 performance: Net interest income ended at ₱2,496.2 million in the first half of 2022 Core income1 reached ₱1,383.8 million Pre-tax pre-provision profit2 rose to ₱1,179.2 million in the first six months of 2022 from […]

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Banks

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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