FNBB's expansion pushes profits up

In a statement, the bank, which is now the largest in the country in terms of profits, says it registered an 8.7 percent increase in Earnings Per Share (EPS) to P0.16.

Net interest income grew by 30.6 percent to P522.9 million on the back of a 10.9 percent increase in interest income and 0.7 percent increase in interest expense. "The 30.6 percent growth in net interest income was ahead of the growth in advances (+17 percent), mainly as a result of higher margins earned from retail lending.