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.
Denne historien er fra November 13, 2024-utgaven av The Philippine Star.
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Denne historien er fra November 13, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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JAMES AND OLIVER PHELPS: IN MAX CULINARY SHOW
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White Christmas goes K-pop
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M BAKERY BEYOND CARRIE BRADSHAW
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CHP unloads shares in another foreign unit
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