Tuesday, October 3, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

EastWest’s profit declines to P1.5b

Julito G. RadabyJulito G. Rada
August 16, 2022, 7:00 pm
in Business, Money
Reading Time: 1 min read
A A
Share on FacebookShare on TwitterShare on Email

EastWest Banking Corp. said Tuesday net income declined by 61 percent in the first half to P1.5 billion from P3.8 billion a year ago on lower fixed-income trading revenues.

The bank said in a statement this translated into a return on equity of 5.2 percent.

EastWest said it booked a net income of P1 billion in the second quarter, almost double the P507.6-million net profit in the first quarter on higher loans and fixed-income securities portfolio.

“Given current trends and Q2 results, for 2022, we now expect total revenues, excluding trading, at P26 billion from the P25 billion guidance in Q1. However, with the uncertain trading income, we still expect net income at around P4.0 billion,” EastWest president Jackie Fernandez said.

“By the fourth quarter, EW quarterly income, ex-trading, should have recovered pre-pandemic levels and trend towards P1.25 billion, or P5.0 billion on an annualized basis,” Fernandez said.

Core revenues, which exclude the volatile trading income, were 5 percent lower at P12.7 billion than P13.4 billion a year earlier.

Tags: EastWest Banking Corp.net income
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

Active ODA loans to Philippines reached $32.4 billion in 2022

byManila Standard Business
October 3, 2023, 12:08 pm
0
8

The National Economic and Development Authority (NEDA) said active official development assistance (ODA) loans and grants to the Philippines reached...

Read more

Cebu developer investing in Uy’s casino firm

byJenniffer B. Austria
October 3, 2023, 11:34 am
0
8
PH Resorts moves schedule of offering

Businessman Dennis Uy’s PH Resorts Group Holdings Inc. is in talks with Cebu-based property developer AppleOne Properties Inc. for possible...

Read more

DHSUD highlights PBBM’s Pambansang Pabahay in celebration of National Shelter Month

byManila Standard Business
October 3, 2023, 11:23 am
0
8
DHSUD highlights PBBM’s Pambansang Pabahay in celebration of National Shelter Month

The Department of Human Settlements and Urban Development (DHSUD) opened this year's celebration of the National Shelter Month, highlighting President...

Read more

PMFTC launches IQOS ILUMA in the Philippines

byManila Standard Business
October 3, 2023, 11:13 am
0
8
PMFTC launches IQOS ILUMA in the Philippines

PMFTC Inc., the local affiliate of Philip Morris International (PMI), announced Tuesday the launch of the next-level tobacco innovation IQOS...

Read more

WB reduces PH growth forecast to 5.6%

byJulito G. Rada
October 2, 2023, 9:10 pm
0
8
World Bank OKs $600 million ‘reform’ loan

The World Bank on Monday reduced its 2023 growth forecast for the Philippines to 5.6 percent from the 6-percent estimate...

Read more

Weak peso, more borrowings raised gov’t debt to record P14.35t in August

byJulito G. Rada
October 2, 2023, 9:05 pm
0
8
Revenue collection up 16.6% in November

The government’s outstanding debt increased to a record P14.35 trillion as of end-August 2023 from P14.24 trillion a month earlier...

Read more

Print Edition

View More

Recent Posts

  • US fraud trial of disgraced crypto star Sam Bankman-Fried begins
  • Signal No. 2 up in Batanes as Typhoon Jenny maintains strength
  • Enabling youth digital citizenship: Globe and Palo Alto Networks donate cyber safety booklets to E. Zobel Foundation
  • Government eyes P783 million for MSME development
  • Palawan Rep. Edward S. Hagedorn passes away at 76
  • Converge launches most affordable postpaid fiber plan in Cebu
  • Muntinlupa City recognizes Barangay Sucat in the first-ever Search for Most Resilient Barangay
  • Active ODA loans to Philippines reached $32.4 billion in 2022

Advertisement

Latest News

Converge launches most affordable postpaid fiber plan in Cebu

byManila Standard - Tech
October 3, 2023, 1:53 pm
0
8
Converge launches most affordable postpaid fiber plan in Cebu

Cebu City Mayor Michael Rama joins Converge Chief Operations Officer Jesus C. Romero and CEO Dennis Anthony Uy at the...

Read more

Muntinlupa City recognizes Barangay Sucat in the first-ever Search for Most Resilient Barangay

byManila Standard
October 3, 2023, 12:32 pm
0
8
Muntinlupa City recognizes Barangay Sucat in the first-ever Search for Most Resilient Barangay

Muntinlupa City is taking disaster preparedness to the next level by actively searching for the best-equipped barangay to deal with...

Read more

Active ODA loans to Philippines reached $32.4 billion in 2022

byManila Standard Business
October 3, 2023, 12:08 pm
0
8

The National Economic and Development Authority (NEDA) said active official development assistance (ODA) loans and grants to the Philippines reached...

Read more

Cebu developer investing in Uy’s casino firm

byJenniffer B. Austria
October 3, 2023, 11:34 am
0
8
PH Resorts moves schedule of offering

Businessman Dennis Uy’s PH Resorts Group Holdings Inc. is in talks with Cebu-based property developer AppleOne Properties Inc. for possible...

Read more

Hunter Biden to plead not guilty to gun charges

byAFP
October 3, 2023, 11:30 am
0
8
Southwoods nails Seniors’ Fil golf crown

By Chris Lefkow Washington, United States -- US President Joe Biden's son Hunter is to appear in federal court in...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App