MANILA, Philippines - Ayala-led Bank of the Philippine Islands (BPI) grew its second quarter net profit by 46.8 percent year-on-year to P7.01 billion, as higher trading gains and fee-based income complemented the double-digit expansion in net interest earnings. This brought the six-month net profit to P13.74 billion, rising by 24.6 percent from the previous year, BPI disclosed to the Philippine Stock Exchange on Thursday. Comprehensive income for the first half went up by 62.8 percent year-on-year to P15.25 billion. Total revenues for the first half increased by 23.3 percent to P45.90 billion, driven by a 24.1percent year-on-year growth in net inter...
Keep on reading: BPI nets P13.74B in H1
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