BSP profit down in 9 months

The earnings of the Bangko Sentral ng Pilipinas (BSP) dropped by 14 percent to P94.3 billion as of end-September from P109.7 billion a year earlier, weighed down by a sharp fall in miscellaneous income and lower overall revenues.

- By KEISHA TA-ASAN

Preliminary data showed that the total revenues of the central bank, mostly comprised of interest income on foreign investments, government securities, and treasury bonds, fell by 14.8 percent to P208.1 billion in the first nine months, from P244.3 billion a year ago.

Miscellaneous income fell by 61 percent to P25.4 billion from P65.2 billion in the same period last year. The BSP’s miscellaneous income includes trading gains or losses, fees, penalties and other operating income, among others.

Interest income, however, rose by two percent to P182.8 billion from P179.1 billion at end-September 2024.