Return on equity stood at 11 percent, while return on assets was at 1.39 percent.
Core banking boosts margins
Gross revenues rose 16 percent to P6.06 billion, driven by a 14 percent jump in net interest income to P5.15 billion and higher gains from trading and foreign exchange.
Non-interest income surged 31 percent to P912.5 million. Net interest margin improved to 4.27 percent, and cost-to-income ratio dropped to 59 percent.
Loans expand, capital remains strong
Total loans and receivables grew 5 percent to P143.6 billion.
The bank kept asset quality tight, with gross non-performing loan ratio at 1.34 percent and net NPL ratio at 0.53 percent. Capital adequacy remained solid at 17.3 percent, giving BankCom enough room to support growth.
—Edited by Miguel R. Camus
