The Bangko Sentral ng Pilipinas (BSP) saw double-digit growth in 2017 net income, on Tuesday reporting an unaudited result of P22.84 billion, 28 percent higher compared to the P17. 81 billion recorded the previous year.
“Net income was composed primarily of higher income on international reserves, recording of demonetization income and supported by lower interest expenses,” the central bank said.
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