In BDO Unibank, Inc.’s (BDO) Annual Stockholders’ Meeting, President and CEO Nestor V. Tan highlighted the Bank’s 33% year-on-year (YoY) increase in net income to ₱57.1 billion in 2022, driven by healthy growth across all core businesses. The momentum was sustained in the first quarter of 2023 with earnings up 41% YoY to ₱16.5 billion.
Bank of the Philippine Islands recognized net income of P12.1 billion for the first three months of 2023, up 52.0% compared to the same period last year, achieving a Return on Equity of 15.4%. The solid performance was attributable to average asset base expansion, margin growth, and lower provisions. Total revenues for the first quarter
At its special meeting today, April 19, the Board of Directors of China Banking Corporation (China Bank, stock symbol: CHIB) approved the declaration of P1.00 per share regular cash dividend and an additional P0.90 per share special cash dividend, payable on May 18, 2023 to all stockholders on record as of May 5, 2023. The
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
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
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
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
