EastWest Banking Corp. records lower net income in 2021

By Mayvelin U. Caraballo

Mar 19, 2022 12:16 am

DECREASED loan levels, a credit card rate cap and adjusted trading gains resulted in lower net earnings for East West Banking Corp. last year.

The Gotianun-led lender announced in a statement on Friday that its net profit for 2021 was P4.5 billion, down 30.76 percent from P6.5 billion in 2020.

An EastWest Bank branch in Bonifacio Global City. PHOTO BY AARON RONQUILLO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

PLDT Jan-Sept net edges up to P28.1B

San Miguel income lifted by strong sales

SM Prime 9-month profit up 12% to P34B

Globe set to reduce 2025 capex to below $1B

Metro Pacific acquires 27th hospital

Dito Tel to invest P9B for network expansion

Weak game earnings weigh on Belle profit