C06053-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 426,859,416 |
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Subject of the Disclosure |
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PSBank posts P2.17Bn 1H2023 Net Income, Up 18% |
Background/Description of the Disclosure |
PSBank, the thrift banking arm of the Metrobank Group, grew its net income for the first half of 2023 to Php 2.17 billion, up 18% versus Php 1.84 billion the same period last year. This resulted in a higher return on equity of 11.4% compared to 10.4% in the first six months of 2022. The continuing uptrend in the Bank’s consumer loan releases, improvement in credit quality, and gains realized from productivity and efficiency initiatives further strengthened the Bank’s platform for sustainable earnings in the post-pandemic era. |
Other Relevant Information |
Please see attachment. Thank you! |
Name | Mary Karen Perez |
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Designation | Senior Assistant Manager |