PNB net income up 15 pct in first quarter | ABS-CBN
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PNB net income up 15 pct in first quarter
PNB net income up 15 pct in first quarter
MANILA -- Philippine National Bank (PNB) said its net income climbed to P6.1 billion in
the first three months of 2025.
MANILA -- Philippine National Bank (PNB) said its net income climbed to P6.1 billion in the first three months of 2025.
This is up 15 percent from last year's figures, the bank said, as net interest margin expanded by 9 percent year-on-year to
P12.7 billion. Core income also grew 10 percent to P14.1 billion.
This is up 15 percent from last year's figures, the bank said, as net interest margin expanded by 9 percent year-on-year to P12.7 billion. Core income also grew 10 percent to P14.1 billion.
PNB said this comes as its loan portfolio and treasury assets grew.
PNB said this comes as its loan portfolio and treasury assets grew.
The bank said operating expenses also jumped 10 percent to P8.1 billion as it grew its consumer business segment.
The bank said operating expenses also jumped 10 percent to P8.1 billion as it grew its consumer business segment.
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Total assets inched up to P1.28 trillion, while net loans and receivables increased to P655.9 billion. Deposits were at P988.3 billion.
Total assets inched up to P1.28 trillion, while net loans and receivables increased to P655.9 billion. Deposits were at P988.3 billion.
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