Banks rake in healthy profits

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Commercial banks posted strong performances in the first six months of the year, reflecting an unprecedented boom in the financial services sector.

After FNBB and Barclays unveiled impressive financials in the past two weeks, Standard Chartered has capped it by announcing a P132 million after-tax profit in the period under review.

Standard Chartered's total assets increased by 24.7 percent to P8 billion while turnover surged 11.35 percent to P294 million. Net interest for the bank was up 22.6 percent while non-interest income fell 9 percent to P85.5 million.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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