Tuesday 14 August 2018
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4 months ago

PNB expects 13-14% growth in net income in 2018

Tycoon Lucio Tan-led Philippine National Bank expects to sustain a 13-14-percent growth in net profit this year, mostly driven by core lending activities and fee-based earnings. The bank s thrift bank arm PNB Savings, for its part, has set a full-year net profit guidance of P800 million, around 74 percent higher than the level in the same period last year. On a consolidated basis, PNB executive vice president and chief financial officer Nelson Reyes said the bank s net profit would likely grow at a simila

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