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PBCom profit grows 36% in 9 months
The Philippine Star
|November 15, 2024
Lucio Co's Philippine Bank of Communications (PBCom) booked an income growth of 36 percent to P1.85 billion in the first nine months from P1.36 billion in the same period in 2023 amid higher operating income.
In its quarterly report disclosed to the Philippine Stock Exchange, the bank said that its operating income grew by 23.3 percent to P5.4 billion from P4.38 billion in the comparable year-ago period due to better net interest income and trading performance.
The bank's interest income rose by 13.7 percent to P3.96 billion from P3.48 billion due to asset growth and higher yields in both loan and securities portfolio.
This story is from the November 15, 2024 edition of The Philippine Star.
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