Bank of the Philippine Islands, the third-largest lender in terms of assets, is bullish on the growth outlook in the second half on the strength of its core businesses, a top executive said Thursday.
BPI chief finance officer Tere Javier said in a news briefing in Makati City that the outlook for the second half remained promising and the growth momentum could be sustained.
BPI posted a P7.01-billion net income in the second quarter, up by 46.8 percent from a year ago. This brought the first-half net income to P13.74 billion, up 25 percent from P11.03 billion in the same period last year.
“We can definitely sustain [the growth momentum] from the very strong first half. The environment is very favorable and we see a quite strong recovery in consumer lending business,” Javier said.