BPI posts record-high P48 billion earnings in first 9 months

FILE PHOTO: A security guard keeps watch outside the perimeter of Bank of the Philippine Islands (BPI) branch in Quezon Avenue in Quezon City on Wednesday, January 4, 2023. – The Ayala-led bank booked record earnings in the first nine months of the year as its revenues grew. In a stock exchange filing on Thursday, October 17, BPI said its net income expanded by 24.3 percent to P48 billion. INQUIRER / GRIG C. MONTEGRANDE

The Bank of the Philippine Islands (BPI) booked record earnings in the first nine months of the year as its revenues grew.

In a stock exchange filing on Thursday, October 17, the Ayala-led bank said its net income expanded by 24.3 percent to P48 billion.

READ: BPI posted H1 record profit of P30.6 billion

It also said that total revenues jumped by 24.7 percent to P125.8 billion, driven mainly by higher net interest income, which grew by a fifth to P93.8 billion.

BPI likewise posted its highest quarterly income in the July to September period at P17 billion, up by 29.4 percent.