The Bank of the Philippine Islands (BPI) posted strong business volume and revenue growth in 2012 as the Philippines likewise grew at a faster pace compared to other Asean economies. BPI’s unaudited net income for full year 2012 reached P16.3 billion, a 27% increase over the P12.8 billion posted in 2011. This translated to a Return on Equity of 17.5% and a Return on Assets of 1.9%.
Total resources reached P985 billion or 17% higher than the previous year as the Bank’s core businesses remained solid. Deposits expanded by a healthy 18% to P802 billion while assets under management was P743 billion or 11% higher, bringing total intermediated funds to P1.5 trillion.