BSP profit soars 5-fold to P95.2 B

The earnings of the Bangko Sentral ng Pilipinas (BSP) ballooned five-fold to P95.2 billion as of end-July on the back of higher revenues and lower spending.

- By LOUISE MAUREEN SIMEON

Preliminary data from the BSP showed that net income of the central bank soared over 400 percent to P95.2 billion in January to July from P18.5 billion in the same period last year.

This came after revenues rose by nearly 60 percent to P190.6 billion from P121.3 billion.