BPI says net income up 21 pct in 2016 | ABS-CBN
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BPI says net income up 21 pct in 2016
BPI says net income up 21 pct in 2016
ABS-CBN News
Published Feb 16, 2017 11:40 AM PHT
MANILA - Bank of the Philippine Islands said Thursday its net income grew 21 percent in 2016 as corporate clients drove loan growth.
MANILA - Bank of the Philippine Islands said Thursday its net income grew 21 percent in 2016 as corporate clients drove loan growth.
The Ayala-led lender said it posted net income of P22.05 billion last year. Total revenues grew 12.1 percent to P66.55 billion.
The Ayala-led lender said it posted net income of P22.05 billion last year. Total revenues grew 12.1 percent to P66.55 billion.
Total loans grew 19.2 percent to P1.04 trillion, with corporate clients accounting for 79 percent.
Total loans grew 19.2 percent to P1.04 trillion, with corporate clients accounting for 79 percent.
BPI shares were up 1.73 percent to P94.20 in early trading Thursday.
BPI shares were up 1.73 percent to P94.20 in early trading Thursday.
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