BankCom Q1 income rises 13% despite market volatility

MANILA, Philippines – San Miguel-led Bank of Commerce (BankCom) posted a 13-percent increase in first-quarter net income driven by stronger core revenues and foreign exchange gains. In a disclosure on Wednesday, BankCom said unaudited net income reached P976.19 million as of end-March, higher than the P866.79 million recorded in the same period last year.   It attributed the growth to higher net interest income and gains from client-related foreign exchange transactions, which translated to a return on equity of 10.74 percent and return on assets of 1.32 percent.   READ: Bank of Commerce 2025 profit hits record P3.54B Net interest income climbed […]... Keep on reading: BankCom Q1 income rises 13% despite market volatility

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