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BRIEF-Bank Of The Philippine Islands Books 15.01 Bln Pesos Loan Losses Provisions In First Semester

Published 07/16/2020, 07:51 AM
Updated 07/16/2020, 08:00 AM
BPI
-

July 16 (Reuters) - Bank of the Philippine Islands BPI.PS :
* BOOKED 15.01 BILLION PESOS IN PROVISIONS FOR LOAN LOSSES
IN
FIRST SEMESTER OF 2020
* NET INCOME OF 11.68 BILLION PESOS FOR FIRST SEMESTER, A
DECLINE
OF 15.0%
* SECOND QUARTER NET INCOME 5.29 BILLION PESOS, A DROP OF
24.6%
* AS OF JUNE 30, NPL RATIO STOOD AT 1.83%
* COMMON EQUITY TIER 1 RATIO OF 15.63% AND A CAPITAL
ADEQUACY
RATIO OF 16.52% AS AT JUNE 30

Source text https://reut.rs/32lTonr
Further company coverage: BPI.PS

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