Philippine Business Bank (PBB), the financial services arm of the Yao Group of Companies, said Monday nine-month net income climbed 57.1 percent to P1.8
Philippine Business Bank , the financial services arm of the Yao Group of Companies, said Monday nine-month net income climbed 57.1 percent to P1.8 billion from P1.14 billion a year ago, on the back of sustained balance sheet growth.
The bank also generated trading gains of P402.0 million, boosting net income despite economic volatility. Total resources reached P161.3 billion. On the funding side, deposit liabilities amounted to P131.9 billion as of September 2024. The capital adequacy ratio was 12.92 percent, and the minimum liquidity ratio was 24.55 percent, both above the regulatory requirements of 10 percent and 20 percent, respectively.
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