PBB nets P670M
The Zest-O group’s banking arm Philippine Business Bank (PBB) grew its nine-month net profit by 42 percent year-on-year to P670 million as hefty trading gains complemented steady interest earnings.
In a disclosure to the Philippine Stock Exchange on Thursday, PBB reported that nine-month net interest income had risen by 1 percent year-on-year to P1.8 billion.
Nine-month trading gains surged by 416.6 percent year-on-year to P383.9 million.
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