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BSP net income up 400% in Jan-Feb

The Bangko Sentral ng Pilipinas (BSP) reported on Wednesday that its net profit grew by more than 400 percent in the first two months of the year.

The central bank's unaudited financial statements showed that it netted P24.62 billion in the period, a 442-percent decrease from P4.54 billion a year ago. No reason was provided for the increase.