PHILIPPINE National Bank (PNB) reported a double-digit drop in net income in the first six months of the year due to the absence of one-off gains that boosted earnings a year earlier.

Net income reached P2.66 billion in the first half of 2017, down 38 percent from P4.32 billion a year earlier, the bank said in a disclosure to the Philippine Stock Exchange on Friday.

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