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PSBank in Makati on January 19, 2021. Jonathan Cellona, ABS-CBN News

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PSBank

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/171497979194720210119-banking-institutions-makati-JC--28.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">PSBank in Makati on January 19, 2021. <em>Jonathan Cellona, ABS-CBN News</em></span><em> </em></span></span></span></div><p>MANILA -- Philippine Savings Bank (PSBank) on Monday said its net income in the first 3 months of 2024 reached P1.2 billion, higher by 23 percent from the P976.88 million recorded in the same period in 2023.</p><p>The bank said this is because of steady growth in its core business, despite economic headwinds. </p><p>PSBank said core revenues--which include net interest income and net service fees and commissions--were up 2 percent at P3.5 billion. </p><div><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">The bank said auto loans climbed by 20 percent, making the overall loan portfolio expand by 10 percent to P128 billion.</span></div><div><span id="isPasted"><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Total assets stood at P234 billion, while total deposits reached P185 billion.</span></span></div><div><span id="isPasted"><span id="isPasted"><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">PSBank&#x27;s net income grew 18 percent to P3.37 billion in the </span></span></span><a href="https://news.abs-cbn.com/business/11/06/23/psbank-net-income-jumps-in-first-9-months-of-2023" target="_blank" rel="noopener noreferrer"></a><span id="isPasted"><a href="https://news.abs-cbn.com/business/11/06/23/psbank-net-income-jumps-in-first-9-months-of-2023" target="_blank" rel="noopener noreferrer"></a><span id="isPasted"><a href="https://news.abs-cbn.com/business/11/06/23/psbank-net-income-jumps-in-first-9-months-of-2023" target="_blank" rel="noopener noreferrer"></a><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"><a href="https://news.abs-cbn.com/business/11/06/23/psbank-net-income-jumps-in-first-9-months-of-2023" rel="noopener noreferrer" target="_blank">first 9 months</a></span></span></span><span id="isPasted"><span id="isPasted"><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none"> of 2023.</span></span></span></div><div><span id="isPasted"><span id="isPasted"></span></span><br/></div>

<p>PSBank said its net income <i>reached P1.2 billion</i> in the first 3 months of the year.</p>

PSBank said its net income reached P1.2 billion in the first 3 months of the year.

PSBank Q1 net income up 23 pct at P1.2 billion

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PSBank Q1 net income up 23 pct at P1.2 billion

ABS-CBN News

Published May 06, 2024 04:10 PM PHT

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