FILE PHOTO: A security guard keeps watch outside the perimeter of Bank of the Philippine Islands (BPI) branch in Quezon Avenue in Quezon City on Wednesday, January 4, 2023. – The Ayala-led bank booked record earnings in the first nine months of the year as its revenues grew. In a stock exchange filing on Thursday, October 17, BPI said its net income expanded by 24.3 percent to P48 billion. INQUIRER / GRIG C. MONTEGRANDE

The Bank of the Philippine Islands (BPI) booked record earnings in the first nine months of the year as its revenues grew.

In a stock exchange filing on Thursday, October 17, the Ayala-led bank said its net income expanded by 24.3 percent to P48 billion.

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It also said that total revenues jumped by 24.7 percent to P125.8 billion, driven mainly by higher net interest income, which grew by a fifth to P93.8 billion.

BPI likewise posted its highest quarterly income in the July to September period at P17 billion, up by 29.4 percent.

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