FIGURES released by the Bangko Sentral ng Pilipinas showed the Philippine banking system generated higher net income as of the first half of this year despite lenders' continued provisioning for bad loans, which also increased during the period.
According to preliminary data released on Tuesday, the industry's net profit was P122.67 billion at the end of June 2021, up 42.90 percent from P85.84 billion a year ago.
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