PH banks see strong H1 2024 earnings, BDO posts record-breaking income

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 35 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 86%

Finance Industry Noticias

Banks In The Philippines,Earnings Reports,Business

Sustainability is another key growth driver, with BDO, BPI, and PNB opening up more investments in sustainability bonds and green projects

This is AI generated summarization, which may have errors. For context, always refer to the full article.

BDO earned a net income of P39.4 billion for the first six months of 2024, reflecting a 12% year-on-year increase. This was attributed to the “stronger momentum from its core intermediation and fee-based services.” Non-interest income also grew by 13%, partly due to the recovery in Meanwhile, BPI recorded a P30.6 billion net income, a 21.5% rise. Total revenues surged by 23.8%, reaching P81.2 billion, which the bank attributes to a 22.2% increase in net interest income , a 28.8% increase in fee income , and foreign exchange gains of P2.2 billion.reached P2.0 trillion, up 15.8% year-on-year, while total assets reached P3.1 trillion. Total deposits also grew by 14.4% to P2.5 trillion.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 4. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares