The unaudited income of Philippine Veterans Bank (PVB) for the first quarter of 2013 was reported at P484 million, surpassing the 2013 target of P353 million and 2012 year-end net income figure of P355 million.
PVB officials said that substantial gains from securities trading activities augmented the interest income on the loan side, which was affected by the prevailing historical low interest rates.
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