PNB, PSBank posted record profits in 2023

MANILA, Philippines  —Two more major banks reported record earnings in 2023 on the back of higher interest rates and growth in loans. Taipan Lucio Tan’s Philippine National Bank said net income last year surged 55 percent to P18 billion while core banking income soared 156 percent. PNB said return on equity improved to 10 percent Read The Rest at :