BPI net profit jumps

/ 04:43 PM October 16, 2019

Net profit of the Ayala-led Bank of the Philippine Islands grew by 29.5 percent to P22.03 billion as a result of lending, treasury and fee-based businesses.

In the third quarter of 2019 alone, BPI’s net profit rose by 38.6 percent to P8.29 billion, the bank told the Philippine Stock Exchange in a disclosure on Wednesday, Oct. 16.


Total revenue for the nine-month period increased by 24.8 percent to P71 billion, driven by a 19.8-percent growth in net interest income which reached P48.66 billion./TSB


Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Ayala, Bank, BPI, disclosure, interest income, lending, Profit, Treasury
For feedback, complaints, or inquiries, contact us.

Carla Abellana rushed to hospital in Japan

November 14, 2019 11:27 AM


Demolition of structures on Boracay beach continues

November 14, 2019 11:13 AM


Customs seizes P4.4 M smuggled sugar

November 14, 2019 10:51 AM


4 ‘big-time’ pushers held in Quezon drug sting

November 14, 2019 10:32 AM

© Copyright 1997-2019 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.