PNB earnings surge in January-June period

Philippine National Bank (PNB) saw its net profit higher in the first half of the year brought about by growth in its total operating income.
In a regulatory filing late Monday, Aug. 6, the Tan-led bank’s consolidated net income stood at P5.4 billion in the six months ending June, doubling from the P2.7 billion it booked in the same period last year.
The bank said the growth in total operating income “provided the momentum for the strong performance” as core income as well as non-recurring revenues increased. — Karl Angelo N. Vidal