PHL banks’ profit up nearly 11% in first quarter - BusinessWorld Online

PHL banks’ profit up nearly 11% in first quarter - BusinessWorld Online

By Luisa Maria Jacinta C. Jocson, Senior Reporter THE PHILIPPINE BANKING industry’s combined net earnings jumped by 10.6% in the first quarter as both interest and non-interest income rose, data from the Bangko Sentral ng Pilipinas (BSP) showed. Central bank data showed the banking industry’s net profits climbed to P101.9 billion at end-March from P92.11 billion in the same period a year ago. This as net interest income went up by 11.6% to P276.…