By Paolo Montecillo
MANILA, Philippines—The country’s biggest lender Banco de Oro Unibank Inc. grew its net profit by close to a fifth in the first quarter, driven by an increase in fee-based services that made up for tepid growth in earnings from loans.
In a statement, mall magnate Henry Sy’s banking arm said it ended the January-to-March period with a profit of P2.44 billion, up 18 percent from the same period last year. This was slower than the 32-percent growth that BDO posted in the same period last year.
Read here
MANILA, Philippines—The country’s biggest lender Banco de Oro Unibank Inc. grew its net profit by close to a fifth in the first quarter, driven by an increase in fee-based services that made up for tepid growth in earnings from loans.
In a statement, mall magnate Henry Sy’s banking arm said it ended the January-to-March period with a profit of P2.44 billion, up 18 percent from the same period last year. This was slower than the 32-percent growth that BDO posted in the same period last year.
Read here
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