The Gotianun family's East West Banking Corp. doubled earnings in the first semester of 2023 as loans eclipsed prepandemic levels while lending rates climbed. The listed bank said net income from January to June surged 117 percent to P3.3 billion, improving its return on equity to 10.6 percent. Net interest income during the period reached P13 billion, up 18 percent versus the same period last year, as loans and receivables jumped 22 percent to nearly P274 billion amid the growth of higher-yielding consumer debts.

https://business.inquirer.net/414395/eastwest-income-up-117-as-loans-breach-prepandemic-peak

#inquirer