News Formal

Chinabank Q1 profits up on sustained core-business growth | Bianca Cuaresma

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

China Banking Corp. announced that it has recorded net profits of P4.9 billion in the first quarter of 2022.

CHINA Banking Corp. announced that it has recorded net profits of P4.9 billion in the first quarter of 2022.

The bank reported that its net interest income rose 15 percent year-on-year to P10.8 billion on the back of higher earning assets and lower interest expense. Its net interest margin further improved to 4.3 percent. “China Bank’s organic growth momentum continues—loans and deposits are up, expenses are down, and credit quality remains solid,” China Bank President William C. Whang said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Phoenix Petroleum sustains LPG business growthUy-led Phoenix Petroleum Philippines Inc. has registered sustained demand expansion for its liquefied petroleum gas (LPG) business, partly due to robust sales in the canister segment.
Source: manilabulletin - 🏆 25. / 51 Read more »