BoB interest expense falls to 10-year low
Friday, June 22, 2012
On an annual basis, the BoB's interest costs for 2011 were down 30 percent from 2010's P1.3 billion and 57 percent down from their 10-year high of P2.1 billion recorded in 2008.
Traditionally, interest costs are the biggest expense item in the BoB's income statement and their rise over the years has drawn fire from various commentators who have questioned the bank's policies.
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...