BPI posts modest Q1 profit rise to P16.9B 

MANILA, Philippines – Bank of the Philippine Islands (BPI) reported a net income of P16.9 billion in the first quarter, up 1.7 percent, as loan expansion, wider margins and stronger fee income lifted earnings despite rising costs.   In a disclosure on Monday, the Ayala-led bank said its earnings rose 4.9 percent from the previous quarter,