PSBank Q1 net income up 23 pct at P1.2 billion | ABS-CBN
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PSBank Q1 net income up 23 pct at P1.2 billion
PSBank Q1 net income up 23 pct at P1.2 billion
ABS-CBN News
Published May 06, 2024 04:10 PM PHT
PSBank in Makati on January 19, 2021. Jonathan Cellona, ABS-CBN News
PSBank in Makati on January 19, 2021. Jonathan Cellona, ABS-CBN News MANILA -- Philippine Savings Bank (PSBank) on Monday said its net income in the first 3 months of 2024 reached P1.2 billion, higher by 23 percent from the P976.88 million recorded in the same period in 2023.
MANILA -- Philippine Savings Bank (PSBank) on Monday said its net income in the first 3 months of 2024 reached P1.2 billion, higher by 23 percent from the P976.88 million recorded in the same period in 2023.
The bank said this is because of steady growth in its core business, despite economic headwinds.
The bank said this is because of steady growth in its core business, despite economic headwinds.
PSBank said core revenues--which include net interest income and net service fees and commissions--were up 2 percent at P3.5 billion.
PSBank said core revenues--which include net interest income and net service fees and commissions--were up 2 percent at P3.5 billion.
The bank said auto loans climbed by 20 percent, making the overall loan portfolio expand by 10 percent to P128 billion.
The bank said auto loans climbed by 20 percent, making the overall loan portfolio expand by 10 percent to P128 billion.
Total assets stood at P234 billion, while total deposits reached P185 billion.
Total assets stood at P234 billion, while total deposits reached P185 billion.
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