MANILA, Philippines--Lender Security Bank booked P8.6 billion in net profit last year, down by 16 percent from the previous year, due to slower trading gains and an increase in tax provision. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Security Bank reported that net interest income from customer loans and deposits increased by 30 percent to P15.7 billion last year as the bank generated more low-cost deposits and expanded its loan book. The bank expanded its loan book by 12 percent to P416 billion. Consumer loans grew by 47 percent, now accounting for about a fifth of total loans compared to 16 percent a year ago. Wholesale loan...
Keep on reading: Security Bank books P8.6B in net profit for 2018
from INQUIRER.net https://ift.tt/2SwdO4r
add
Subscribe to:
Post Comments (Atom)
Motorcyclist dead in Lucena collision
LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....
-
TOKYO---The Japanese government has decided to join forces with India in the race to discover water on the moon, with the two countries plan...
-
MANILA, Philippines---Invoking the Philippines' Mutual Defense Treaty (MDT) with the United States against China after a Chinese v...
-
Celebrity couple Marian Rivera and Dingdong Dantes recently welcomed their son Jose Sixto "Ziggy" Dantes IV to the Christian world...
No comments:
Post a Comment