Publicly-listed Philippine Business Bank (PBB) posted a 57.7 percent growth in its net income in the first three months of 2023.
Publicly-listed Philippine Business Bank posted a 57.7 percent growth in its net income in the first three months of 2023.
The bank also reported that its net interest income reached P1.599 billion in the first three months of 2023, a 23.4 percent year-on-year growth. PBB also raised a total of P1.75 billion capital via private placement and stock rights offering. As a result, equity expanded by 19.18 percent to P16.8 billion in March 2023.
Meanwhile, total loans and receivables reached P103.6 billion as of the first quarter of 2023, a 15.98 percent increase year-on-year.
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