Philippine Business Bank said Wednesday first-half net income surged 40 percent year-on-year to P869.2 million from 620.3 million, fueled by sustained loans and deposit growth.
Net interest income ended at P3.16 billion in the first half, up 27 percent as loans and other receivables rose to P103.8 billion from P97.2 billion.
Pretax pre-provision profit rose by 28 percent to P1.51 billion.
PBB said total resources stood at P137.2 billion, up 11 percent.Total deposits reached P112.3 billion in the first half, while total equity increased 26 percent to P17.1 billion.
