trending Market Intelligence /marketintelligence/en/news-insights/trending/N0fwpZWPC7MNQZJkeRmbdw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Philippine National Bank posts YOY increase in FY'18 net profit

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Philippine National Bank posts YOY increase in FY'18 net profit

Philippine National Bank reported a 17% year-over-year increase in net profit for the fiscal year ended Dec. 31, 2018.

The bank said net income attributable to equity holders rose to 9.47 billion Philippine pesos, or 7.58 pesos per share, from 8.16 billion pesos, or 6.53 pesos per share, in 2017. The bank's EPS attributable to equity holders from continuing operations for 2018 was 7.75 pesos.

The S&P Global Market Intelligence consensus normalized EPS estimate for 2018 was 7.71 pesos, with three analysts reporting.

Net interest income increased to 27 billion pesos from 22.02 billion pesos in 2017. The bank's net interest margin stood at 3.30% as of Dec. 31, 2018, compared to 3.11% as of Dec. 31, 2017.

Net service fees and commission income reached 3.48 billion pesos in 2018, up from 3.20 billion in 2017. The bank said its total operating income for 2018 increased to 38.90 billion pesos from 32.33 billion pesos in the prior-year period.

The bank reported nonperforming loan ratio of 2.28% for 2018, compared to 2.46% in 2017.

The bank's capital risk asset ratio stood at 14.35% and its common equity Tier 1 ratio at 13.55% at the end of 2018, compared to 15.35% and 14.58%, respectively, in 2017.

As of March 18, US$1 was equivalent to 52.74 Philippine pesos.