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Economy 1 MIN READ

BRIEF-East West Banking Corp Posts FY Net Income 4.5 Bln Pesos

March 18, 2022By Reuters
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March 18 (Reuters) – East West Banking Corp EW.PS:

  • FY NET INCOME 4.5 BILLION PESOS

  • FY TOTAL REVENUES DECLINED BY 19% TO 27.0 BILLION PESOS

  • FY NET INTEREST MARGIN AT 6.6%

  • AS AT FY-END COMMON EQUITY TIER 1 RATIO 14.5%

  • EXPECT LOWER LOAN LOSS PROVISIONS ON EXISTING PORTFOLIO IN 2022

Source text for Eikon: ID:nPSX6gr39p

Further company coverage: EW.PS

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

This article originally appeared on reuters.com

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