Banks’ net income up 6.4% to P290.1 billion in September

Quick Summary:

THE Philippine banking system saw a 6.42-percent growth in its net income in September 2024, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

Net interest income of the banking industry also grew 51.64 percent from the P505.82 billion posted in June 2024.

The banking industry’s net interest income grew 14.05 percent to P767.04 billion in September 2024 from P672.53 billion in September 2023.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Grew Posted September Billion Data 2023 Income Showed Percent 2024 June

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 16:07:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23556319

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