BPI registers 27-percent increase in 1H profit

Listed Bank of the Philippine Islands (BPI) registered a hefty increase in its first-half 2013 net income on the back of a significant revenue increase.

In a disclosure to the Philippine Stock Exchange, the banking arm of conglomerate Ayala Corp. reported that it posted a net income of P12 billion in the first half of this year, a 27-percent increase over the P9.4 billion registered during the same period in 2012.