Banks' earnings up 6.4% to P290 B in 9 months
The Philippine Star|November 13, 2024
Earnings of Philippine banks rose by 6.4 percent to P290 billion from January to September compared to last year's P273 billion, according to the Bangko Sentral ng Pilipinas (BSP).
KEISHA TA-ASAN

Banks' operating income increased by 11.7 percent to P939 billion during the nine-month period from P840.6 billion in the same period last year.

The sector's net interest income rose by 14 percent to P767 billion from P672.5 billion as interest earnings went up by 18 percent to P1.11 trillion from P940.6 billion, while interest expenses grew by 28 percent to P343 billion from P267.6 billion.

Likewise, banks' non-interest earnings grew by 2.3 percent to P172 billion from P168 billion on higher profit from fees and commissions as well as trading income.

Diese Geschichte stammt aus der November 13, 2024-Ausgabe von The Philippine Star.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der November 13, 2024-Ausgabe von The Philippine Star.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE PHILIPPINE STARAlle anzeigen
The Philippine Star

Pasay mayor leads 2025 race - SWS poll

If the elections were today, reelectionist Pasay Mayor Imelda Calixto-Rubiano will win the city's mayoral race.

time-read
1 min  |
November 25, 2024
The Philippine Star

Colonel found dead at AFP camp

A senior military officer was found dead in his quarters at Camp Aguinaldo in Quezon City, the Armed Forces of the Philippines said yesterday.

time-read
1 min  |
November 25, 2024
The Philippine Star

75 OFWs back from Lebanon

Seventy-five more overseas Filipino workers (OFWs) and their dependents have returned from Lebanon, the Department of Migrant Workers reported yesterday.

time-read
1 min  |
November 25, 2024
The Philippine Star

Release P178.5-M smuggled frozen mackerel, BOC asked

Agriculture Secretary Francisco Tiu Laurel Jr. has asked the Bureau of Customs (BOC) to release the P178.5 million worth of seized smuggled frozen mackerel to the Department of Social Welfare and Development (DSWD).

time-read
1 min  |
November 25, 2024
The Philippine Star

Tondo fire leaves 2,000 families homeless

Around 2,000 families were left homeless after a six-hour fire destroyed about 1,000 shanties in Isla Puting Bato, Tondo, Manila yesterday morning.

time-read
1 min  |
November 25, 2024
The Philippine Star

Comelec: Nuisance bets' appeals resolved this week

All pending motions for reconsideration filed by Senate aspirants declared as nuisance bets will be resolved this week, according to the Commission on Elections.

time-read
1 min  |
November 25, 2024
The Philippine Star

Imee visits Sara's chief of staff

Sen. Imee Marcos yesterday visited Vice President Sara Duterte's chief of staff who is confined in a state-owned hospital.

time-read
1 min  |
November 25, 2024
BBM, Liza fete Phl chorale groups at Palace
The Philippine Star

BBM, Liza fete Phl chorale groups at Palace

Despite the threatening remarks of Vice President Sara Duterte, President Marcos proceeded with his schedule yesterday as he and First Lady Liza Marcos led the recognition ceremony at Malacañang for award-winning Filipino chorale groups.

time-read
1 min  |
November 25, 2024
The Philippine Star

DOST exec lauds Meralco's push for nuclear power

The Department of Science and Technology (DOST) nuclear science research chief hailed the push of Manila Electric Co. (Meralco), the country's largest power distributor, to shift its focus on studying the potential deployment of conventional large-scale nuclear power facility to address the growing power needs.

time-read
1 min  |
November 25, 2024
The Philippine Star

Senate to approve 2025 nat'l budget this week

The Senate is expected to approve the proposed P6.352-trillion national budget for 2025 this week, but any adjustments to the allocations for the Office of the Vice President (OVP) may only be finalized during the bicameral conference,

time-read
1 min  |
November 25, 2024