BPI net income up 1.7% in 2017

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Bank of the Philippine Islands (BPI) booked a slightly higher net income in 2017 driven by the growth of its revenues.

In a disclosure to the Philippine Stock Exchange on Monday, the Ayala-led BPI said it recorded a net income of P22.42 billion, up by 1.7% compared with the figures in 2016.

For the fourth quarter, meanwhile, BPI’s net income grew to P5.37 billion by 14.9% from the P4.67 billion posted in a comparable year-ago period. — Karl Angelo N. Vidal