The Bangko Sentral ng Pilipinas reported that earnings of universal and commercial banks reached Php46.468Bil for the first half, 23.57% higher than the Php34.604Bil recorded from the same period last year. Despite the continued weakness in margins, net interest income rose 5.67% to Php95.994Bil; while non-interest income, which includes trading and FX gains and service fees, grew 16.7% to Php56.796Bil. Meanwhile, operating expense increased by 8.97% to Php96.044Bil. The first half result corresponds to an annualized return on equity of 13.3%, up from 11.77% in 1H10.
via www.citiseconline.com
via www.citiseconline.com
No comments:
Post a Comment