PNB net income up 61%

Higher non-interest income and trading gains pushed PNB's net income 61 per cent higher. The bank recorded an US$82 million net income in 2010 from US$50.9 million in 2009.

Philippine National Bank's non-interest income expanded 21 per cent to US$210 million while earnings from the bank’s trading portfolio grew by 86 per cent.

The bank's return on equity is also up 11 per cent from seven per cent a year earlier.

Total deposits swelled six percent to US$5.2 billion, while net loans and receivables grew 10 per cent. Consolidated resources went up by seven percent to US$7 billion.

Follow the link for more news on

Also Read

Philippine central bank eyes AI rules for banks

Westpac appoints Kate Dee as chief people officer

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit