MANILA, Philippines --- Sy family-led China Banking Corp. grew net profit in the first three months by 24 percent year-on-year to P1.9 billion on higher interest income, fee-based earnings, treasury gains, and sale of idle assets. "We are gratified that our first quarter results reflect the sustained growth in our businesses and the result of various initiatives," China Bank president William Whang said in a press statement on Friday. The bank's net interest income for the first quarter grew by 12 percent year-on-year to P5.9 billion, driven by the 41-percent jump in interest revenues from loans. China Bank also booked a 52-percent year-on-year incr...
Keep on reading: Sy family-led China Bank nets P1.9B in Q1 2019
from INQUIRER.net http://bit.ly/2GZ5Kqr
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