Saturday, May 25

Foreign banks in PHL post double-digit income growth

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FOREIGN banks operating in the Philippines are faring well in the local banking scene, as the subsector registered double-digit income growth for 2018, latest data from the Bangko Sentral ng Pilipinas (BSP) showed. The net profit of foreign banks grew 26.9 percent to reach P12.3 billion last year from their net income of P9 billion […]

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