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BRIEF-East West Banking Corp Sees 5 Bln Pesos To 6 Bln Pesos Net Income In 2020

Published 06/17/2020, 02:50 PM
Updated 06/17/2020, 03:00 PM

June 17 (Reuters) - East West Banking Corp EW.PS :
* SEES 5 BILLION PESOS TO 6 BILLION PESOS NET INCOME IN 2020
* EXPECTED ROAE OF AROUND 22% IN 2020
* PLANS TO BOOK 10 BILLION PESOS ‘PREEMPTIVE PROVISIONS' IN
2020
IN ANTICIPATION OF ADVERSE EFFECT OF PANDEMIC
* BOARD DOESN'T PLAN TO DECLARE DIVIDENDS

Source text for Eikon: ID:nPSX87VnT4
Further company coverage: EW.PS

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