EAST West Banking Corp. (EastWest) reported that its net profit rose by 38 percent to P6.2 billion in 2019, mainly driven by the growth of its consumer loans portfolio and low-cost deposits.

In a disclosure on Friday, the Gotianun-led lender said it maintained its top-tier position in profitability with return on equity at 14 percent. Net revenues rose 13 percent to P28.7 billion from P25.5 billion.