PHILIPPINE Business Bank Inc. (PBB) saw its net income climb to P1.03 billion in the first half, 18.7 percent higher than P869.2 million a year earlier.
PHILIPPINE Business Bank Inc. saw its net income climb to P1.03 billion in the first half, 18.7 percent higher than P869.2 million a year earlier.'This highlights the strength of PBB 's business model and underscores its effective recovery and growth strategies following the challenging pandemic years and the ongoing uncertainty in the economic conditions,' PBB Chief Operating Officer Cynthia Almirez said in a statement.
7 billion, 14.3 percent higher year on year, while total resources and deposit liabilities stood at P154.4 billion and P126.4 billion, respectively.Shareholders equity was at P18.4 billion, with a book value per share of P21.77 net of preferred shares, 1.6 percent lower from P21.75 in December 2023.Meanwhile, annualized returns on assets and equity improved to 1.34 percent and 11.19 percent, respectively.
Net Income Improves To P1B In Jan-June
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