The total is higher compared to the P16.6 billion a year ago, BDO said in a disclosure to the stock exchange.
Gross customer loans grew 5 percent year-on-year while total deposits rose 6 percent, driven by the expansion in current/savings account deposits which now comprise 85 percent of total deposits, the bank said.
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Buti pa sya, palibhasa pinagsamantalhan depositors. Baba ng interest on deposits pero un bank charges pagkataastaas, sana ka pa kumikitang pangkabuhayan!
When every possible bank transaction has a fee, and most ATMs are offline, surely profits will be up while operating cost is lower.