PHILIPPINE Business Bank Inc. (PBB) said Monday that its nine-month net income had surged by 57.1 percent to P1.8 billion from P1.1 billion a year earlier, just a touch below the bank's full-year 2023 result of P1.82 billion.
"This growth was driven by the ability to capitalize on the high-interest rate environment, effective cost management, and a 50-percent growth [in] fee-based income," said Rolando Avante, PBB vice chairman, president and CEO.
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