• PS Bank Q2 assets grow to P147.9B

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    LISTED Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, said its total assets in the second quarter rose to P147.9 billion from P138.2 billion in the first three months of the year.

    In a statement posted on the Philippine Stock Exchange (PSE) on Friday, PSBank said net loans and receivables grew by roughly by P3 billion to P 103.6 billion from P100.8 billion in the previous quarter.

    Total liabilities at the end of the second quarter amounted to P130.56 billion, an increase of nearly P9 billion from P121.8 billion in the first quarter.

    These liabilities consisted mainly of P119 billion in deposit liabilities, P5.9 billion in unsecured subordinated debt, and about P5.5 billion other financial liabilities.

    Total loan portfolio (TPL) at the end of the second quarter rose to P107.7 billion from P105 billion in the first quarter.

    Meanwhile, total stockholders’ equity in the second quarter slightly went up to P17.38 billion from P16.83 billion in the previous three months.

    As of end-March this year, PSBank had 246 branches and 597 automated teller machines nationwide.

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