Philippine National Bank in Makati on January 19, 2021. Jonathan Cellona, ABS-CBN News

Philippine National Bank

Benise Balaoing

ABS-CBN News

MANILA — Philippine National Bank (PNB) said its net income reached P15.1 billion in the first nine months of 2024, up 12 percent from the numbers in the same period last year.The bank said this is because of robust growth in net interest income, which climbed 10 percent to P36.5 billion. PNB said net interest income is now 83 percent of their total operating income. The lender said net interest income grew because of expanding loans to customers, investments, other liquid placements, and improvement in yields.The bank said total consolidated assets stood at P1.2 trillion, up 2 percent from last year&#x27;s numbers, because of an increase in loans and treasury assets.The Lucio Tan-led lender said its core net income reached P12.8 billion in the first quarter of 2024, higher by 6 percent from the same period in 2023. <div><a href="https://news.abs-cbn.com/business/2024/5/2/pnb-net-income-climbs-in-first-quarter-of-2024-1108" rel="noopener noreferrer" target="_blank">PNB net income climbs in first quarter of 2024</a></div>

Philippine National Bank said its net income reached P15.1 billion in the first 9 months of 2024.

Philippine National Bank said its net income reached P15.1 billion in the first 9 months of 2024.

PNB net income up 12 percent from January to September | ABS-CBN

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PNB net income up 12 percent from January to September

PNB net income up 12 percent from January to September

Benise Balaoing,

ABS-CBN News

Published Oct 28, 2024 12:26 PM PHT

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