RizalCommercial Banking Corp.'s consolidated net income for the firstquarter jumped 12.43% year over year.
The bank reported net income of 1.80 billion Philippine pesos,higher than the 1.60 billion pesos recorded in the prior-year period.
Net interest income rose 17% to 4.21 billion pesos, whilenet interest margin improved 12 basis points to 4.27% from 4.15% in 2015. Otheroperating income reached 2.11 billion pesos and accounted for 33% of grossincome.
The bank's consolidated nonperforming loan ratios stood at0.82%, while NPL cover was at 100.77%.
The bank posted a capital adequacy ratio of 16.26% andcommon equity Tier 1 ratio of 13.05% at the end of the period.
As of May 2, US$1 wasequivalent to 47.03 Philippine pesos.