Inquirer
MANILA, Philippines – Philippine National Bank (PNB) reported a net income of P6.37 billion in the first quarter, up 5 percent, driven by loan growth. The Lucio Tan-led bank said on Monday said its growth was driven by higher loan volumes, steady core income and disciplined expense management despite a volatile interest-rate environment. READ: pnb-lending-boosts-profit-to-p25-3b Net interest income and net fee income both rose 6 percent, while total loans expanded 15 percent year-on-year. Deposits reached P1.01 trillion, with an 80 percent share from low-cost current and savings accounts, supporting funding stability. Return on assets stood at 1.91 percent, while return […]... Keep on reading: PNB Q1 earnings up 5% to P6.37B
Go to News Site