PBB profit soars to P1.8B in 2023

By Brix Lelis

Apr 16, 2024 12:27 am

PHILIPPINE Business Bank (PBB) on Monday reported netting P1.8 billion last year, up 39 percent from 2022's P1.3 billion, on the back of asset expansion, better interest rate margins, and an improved cost-to-income ratio.

Core earnings totaled P3.1 billion, while net interest income expanded by 15.8 percent to P6.4 billion from P5.5 billion.

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