The bank, celebrating its 30th anniversary, achieved a 28 percent in net revenues to P10 billion. This was driven by a 34 percent increase in net interest income which totaled P8.2 billion.
Gains also came as a result of its focus on consumer lending, which now constitutes 81 percent of total loans and has enhanced the bank's net interest margin to 8.1 percent.
EastWest Bank’s Chief Executive Officer (CEO) Jerry G. Ngo said.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
