BPI 2023 profit soars to P51.7B

By Brix Lelis

Feb 03, 2024 12:26 am

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.

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