PBCOM earnings hit P1.63B, up 3.7%

By Ed Paolo Salting

Apr 19, 2023 12:28 am

PHILIPPINE Bank of Communications (PBCom) on Tuesday said its net income grew by 3.7 percent to P1.63 billion, from P1.57 billion in 2021, despite challenging economic conditions.

The bank's higher operating income was said to have been driven by growth in net interest income, higher fees and commissions, higher foreign exchange gains, and higher net gains from sales of real and other properties.

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