BPI’s first half earnings leaps one-fourth from last year’s

It reached a consolidated net earnings of P25.3b during the period.

The Bank of the Philippine Islands saw its consolidated earnings jump 22.8% year-on-year (YoY) to $450m (P25.3b) in the first half of the year.

It’s interest income for the period also surged nearly half (46.7%) from last year to $1.20b (P68.1b).

For the April to June period, the bank’s net income saw a 4.3% climb to $230m (P13.1b), whilst its interest earnings skyrocketed 48.5% to $630m (P35.7b).

ALSO READ: BPI net income up 23% to $461.09m

On the other hand, net interest expense nearly tripled (154.1%), reaching $320m (P18.0b) for the first half of the year. Likewise, in the three-month period, it also surged (165.5%) to $170m (P9.7b).

(P1.00 = $0.018)