BPI 9-mth net income rises 8.1% to P13.84B

AYALA-led Bank of the Philippine Islands (BPI) booked P13.84 billion in net income for the first nine months of 2015, 8.1 percent higher than the P12.8 billion recorded a year ago, on the back of double-digit growth in loans and deposits.

In a disclosure to the Philippine Stock Exchange Wednesday, BPI said its total revenues increased by 9.1 percent to P44.1 billion “as both net interest income and non-interest income grew by P2.98 billion and P680 million, respectively.”