News Formal

Core business growth lifts BankCom’s income in H1 | Cai U. Ordinario

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The Bank of Commerce (BankCom) announced having nearly doubled its income in the first six months of the year. Know more:

THE Bank of Commerce announced having nearly doubled its income in the first six months of the year.

“ results were primarily driven by the sustained growth in the bank’s core business: higher margins and growth in fee-based income―trust, remittance, investment banking and trade finance,” the bank said. The lender added that net interest income for the first half of 2023 posted P3.95 billion, up 28 percent from the P3.08 billion in the comparable period last year.

Service charges, fees and commissions posted a 24 percent rise to P448.02 million streaming mainly from trust, credit card, trade finance and investment banking fees. The bank recorded a reversal of provisions amounting to P11.83 million reflecting improving credit quality and some recoveries.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 19. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

BankCom earnings jump 79% in first halfSan Miguel Corporation’s (SMC) affiliate Bank of Commerce (BankCom) booked a 79 percent jump in net profit to P1.59 billion in the first semester of 2023 from the P886.91 million in the same period last year. 
Fonte: manilabulletin - 🏆 25. / 51 Leggi di più »