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21 Mar 2025
Philippine National Bank's FY2024 Net Income Grows by 15%
Summary:
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Net Interest Income: Increased by 10% to PHP 34.5 billion, up from PHP 31.4 billion in FY2023.
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Non-Interest Income: Rose by 12% to PHP 14.2 billion, compared to PHP 12.7 billion previously.
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Operating Expenses: Increased by 8% to PHP 28.9 billion, up from PHP 26.8 billion in the prior year.
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Net Income: Grew by 15% to PHP 11.6 billion, compared to PHP 10.1 billion in FY2023.
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Total Assets: Stood at PHP 1.2 trillion as of 31 December 2024, a 5% increase from PHP 1.14 trillion at the end of 2023.
Note: All data is sourced from Philippine National Bank's Audited Financial Statements as of 31 December 2024.