Published:
Banco de Oro earnings up by 18%
Banco de Oro reported that its earnings for the January to March period grew by 18 per cent.
"The growth was a result of the bank's diversified revenue stream and tempered growth in operating expenses and conservative provisioning," BDO said.
Net interest income rose two percent to P8.5 billion as gross customer loans reached P542.3 billion, a 16-percent hike. Total deposits, on the other hand, climbed 10 percent to P746.2 billion.
Non-interest income, meanwhile, rose 25 percent to P5.4 billion.
Operating expenses posted a four-percent rise to P8.8 billion.
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