BPI posts double-digit income growth in 2024

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The story "BPI posts double-digit income growth in 2024" was covered 14 hours ago by Business Mirror, a news publisher based in Philippines.

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BPI posts double-digit income growth in 2024 - Business Mirror

Quick Summary:

DESPITE higher operating expenses, Ayala-led Bank of the Philippine Islands (BPI) still booked double-digit growth in its net income for 2024.

The Bank’s CASA Ratio was 63.2 percent, with the Loan-to-Deposit Ratio at 87.5 percent, while CASA vs Total Funding was at 59.5 percent and Loan-to-Total Funding was at 82.3 percent.

The BPI said organic loan growth was at 13 percent driven by the growth in both institutional and non-institutional segments.