EastWest Bank's profit plunges in Jan-Mar

By Mayvelin U. Caraballo

May 21, 2021 12:25 am

Listed EastWest Banking Corp. said the economic impact of the coronavirus disease 2019 pandemic reduced its profitability by 10 percent in the first quarter of this year.

The Gotianun-led lender said in a statement on Thursday that its net income for the first three months of 2021 was P2 billion, down from P2.3 billion a year ago.

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