The Bangko Sentral ng Pilipinas’ (BSP) net income jumped 414 percent to P95.2 billion in the first seven months of 2024 from P18.5 billion in the same period of 2023 as revenues climbed 57.1 percent to P190.6 billion from P121.3 billion.
Data from the BSP showed that interest income went up to P140.2 billion from P109.6 billion last year, while miscellaneous income, including trading gains or losses, fees, penalties and other operating income, improved to P50.2 billion from P11.7 billion.
Net income before net gain on foreign exchange rates fluctuation, income tax and capital reserves amounted to P64.9 billion, a reversal of the P15.8-billion loss a year earlier.
The BSP’s total assets were at P7.95 trillion as of end-July 2024, while liabilities amounted to P7.7 trillion.
