BRIEF-Bank Of The Philippine Islands Says Qtrly Net Income Was 8.0 Bln Pesos

April 21 (Reuters) – Bank of the Philippine Islands BPI.PS:

• QTRLY NET INCOME WAS 8.0 BILLION PESOS, UP 59.6%

• AT QUARTER-END, INDICATIVE COMMON EQUITY TIER 1 RATIO OF 16.2%

• TOTAL LOANS AS OF MARCH 31, 2022 WAS 1.5 TRILLION PESOS , UP 7.1%

• RECOGNIZED PROVISIONS OF 2.5 BILLION PESOS AS OF MARCH 31, A 30.6% REDUCTION

• QTRLY NPL RATIO IMPROVED TO 2.38% FROM 2.49% IN DEC 2021

Source text for Eikon: ID:nPSXbW9dHs

Further company coverage: BPI.PS

((Reuters.Briefs@thomsonreuters.com;))