MANILA, Philippines--Zest-O group-led Philippine Business Bank grew net profit in the first nine months by 67.9 percent year-on-year to P1.02 billion on higher interest earnings and treasury gains as well as one-time gains from the consolidation of Insular Savers Bank Inc. (ISB). This profit level was attained with the continued expansion of the bank's core business, PBB president Roland Avante said in a disclosure to the Philippine Stock Exchange. "The bank's interest differential business showed robust profitability as interest rates continued to stabilize. PBB was also able to capitalize on a favorable treasury trading environment," Avante said. PBB's net interest income ...
Keep on reading: PBB nets P1.02B
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