The latest figure translates into a return on equity of 9.15 percent and a return on assets of 0.92 percent. Net interest income accelerated by 34 percent to P7.9 billion, China Bank said, “on the back of higher revenues from earning assets and lower interest expense,” which declined by 23 percent. The bank also said “weaker market conditions impacted its trading activities” and led to a lower fee income of P1.2 billion. Total assets surged by 10 percent to P984 billion “despite the scaled-down branch operations in Metro Manila and the rest of Luzon starting mid-March,” China Bank said. China Bank shares fell by 2 centavos or 10 percent to close at P19.70 each on Thursday.

Source: Manila Times May 07, 2020 16:18 UTC