LISTED East West Banking Corp. (EastWest Bank) is optimistic on its performance this year after posting a double-digit growth in net income for the January-to-September period. Revenues rose by P2.2 billion or 11 percent to P21 billion from P18.9 billion in the same period last year. Net interest income grew by P714 million to P15.2 billion. EastWest Bank added its net income translated to a return on equity of 14 percent. Total deposits grew by 10 percent to P291.6 billion, with current account/savings account deposits growing by 16 percent from the previous year.

Source: Manila Times November 11, 2019 16:46 UTC