Philippines

Earnings per share is PHP5.63 for the period.

Net interest income rose 27% but non-interest income fell.

Ng will succeed Abraham T. Co, who has been elected as Vice Chairman.

For BPI, reinvention and innovation are the key ingredients to how it remains one of the Philippines’ biggest banks since its establishment over 170 years ago.

It will be utilised to grow its digital loan offerings.

The credit payment service company is also developing a data-driven central credit bureau.

The event offers a platform for knowledge exchange, fostering innovation and collaboration across the industry.

This is in view of the temporary relocation and consolidation of its three leased offices.

It furthers the bank toward its goal of financial inclusion in the country.

The delinquency rate has been falling since the COVID-19 pandemic started.

The investment fund amount is P2.5b.

This was the highest recorded amount since the start of the COVID-19 pandemic in 2020.

Salary-backed general consumption loans jumped 68.8%.

Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.

The January to March performance was driven by the bank’s average asset base expansion, margin growth, and lower provisions.

This enables Filipinos based in Singapore to pay their bills via mobile phone.