THE Bangko Sentral ng Pilipinas (BSP) reported a net profit of P113.1 billion as of end-October 2024, or 423 percent higher than the P21.6 billion in the same period in 2023.
Preliminary data showed the fivefold increase was due to revenues growing by 49.5 percent to P264.1 billion from P176.6 billion, while expenses shrank by 11.5 percent to P182.3 billion from P206.0 billion.
