The Land Bank of the Philippines posted a sharp 44 percent fall in net income for the first quarter of 2014 due to reduced profits from investments as interest rates increased from historically low levels in the first half of last year.
In a statement on Thursday, the state-owned bank reported that its first-quarter net income slid to P2.9 billion from last year’s income of P5.1 billion.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.