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PSBank earnings up 19% to P4 B
The Philippine Star
|November 07, 2024
Earnings of Philippine Savings Bank (PSBank) went up by 18.7 percent to P4 billion from January to September compared to last year's P3.37 billion, driven by higher operating income and better asset quality.
"We remain well-positioned to serve the growing needs of our customers as we approach the final stretch of 2024," PSBank president Jose Vicente Alde said in a regulatory filing.
"PSBank is gearing up for a more favorable interest rate environment which is seen to further boost consumer loan demand," Alde added.
During the nine-month period, PSBank's core revenues grew by four percent to P10.52 billion. Core revenues include the bank's net interest income, service fees and commissions.
Dit verhaal komt uit de November 07, 2024-editie van The Philippine Star.
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