C00955-2024 |
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 All-time High Net Income of Php 4.53 Billion, Up 23% in 2023 |
Background/Description of the Disclosure |
PSBank, the thrift banking arm of the Metrobank Group, reported a record-high net income of Php 4.53 billion for the full year 2023, up 23% from Php 3.68 billion in 2022. This translates to a return on equity of 11.7%. The Bank’s strong financial performance came from the double-digit growth in loans, higher investment revenues and muted costs brought by operational efficiencies. |
Other Relevant Information |
Please see attachment. Thank you. |
Name | Maria Teresa Bardon |
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Designation | Regulatory Compliance Officer |