BANK of the Philippine Islands (BPI) on Friday said that its net income grew by 30.5 percent last year to P51.7 billion from 2022's P39.6 billion, driven by higher revenues and lower provisions that offset increased operating costs.
Excluding the impact of a one-off gain from a property sale in 2022, the Ayala-led bank said income growth in 2023 would have been 44.1 percent higher compared to the previous year.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.