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Philippines , Thursday 16 April 2026

Philippines banks earn P223 billion in 2021

Published on: Thursday 10 February 2022

Philippines banks earn P223 billion in 2021 MANILA, Philippines — Philippine banks returned to profit growth last year, earning 44 percent more than in 2020, as provisioning for bad debts dropped sharply in line with the continued recovery from the COVID pandemic. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed banks’ combined income bounced back to near pre-pandemic level at P223.66 billion last year, from P155.22 billion in 2020. At the height of the pandemic in 2020,...


News source: https://www.msn.com/en-ph/news/national/philippines-banks-earn-p223-billion-in-2021/ar-AATH5Vz

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