Metrobank and GT Capital Holdings Inc. Group are expecting 400,000 doses of COVID-19 vaccines that will be made available for employees of each of the Ty-led group of companies, which includes Toyota Motor Philippines, Federal Land, AXA Philippines, Philippine Savings Bank among others.
The v
NPLs, economic recovery to guide bank stocks bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Federico C. Pascual
Pascual was first appointed as an independent director of the Bank in 2014 and currently serves as independent director of five of PNB’s subsidiaries and affiliate.
He is also a member of the Bureau of Customs’ Multi-Sectoral Governing Council and holds key leadership positions in various businesses.
His past experiences include a 20-year stint at PNB as well as leadership roles in organizations such as Government Service Insurance System, National Reinsurance Corporation, Department of Trade and Industry, Philippine Stock Exchange, Cultural Center of the Philippines, Bankers Association of the Philippines, Philippine National Construction Corporation, and San Miguel Corporation.
PSBank nets lower net income in 2020 due to loan loss buffering By TED CORDERO, GMA News
Published March 5, 2021 6:24pm Philippine Savings Bank (PSBank) took a hit in 2020 as it booked lower year-on-year net earnings as it hiked buffers for potential loan losses amid the COVID-19 pandemic. In a disclosure to the Philippine Stock Exchange on Friday, PSBank said it ended 2020 with a net income of P1.108 billion, 63% lower than the P3.03-billon profits in 2019. The lower bottomline came after the bank set aside additional loan loss provisions of P6.40 billion in view of the ongoing pandemic conditions. Excluding provisions, PSBank’s operating income surged by 31% to P7.45 billion in 2020.
PSBank s net income drops 63% in 2020 bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.