Higher provisions drag down PSBank earnings

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Originally published byPhilippine Daily Inquirer

Philippine Savings Bank (PSBank) saw its net income drop by 21.3 percent to P944 million in the first quarter from P1.2 billion a year ago. This happened as the firm ramped up provisions amid market volatility and economic headwinds. In a disclosure on Friday, the thrift banking arm of the Metrobank Group said its earnings […]...

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