PSBank six-month bottom line down by 40%

MANILA, Philippines — Philippine Savings Bank (PSBank) saw its first-half net income decline 39.8 percent to P1.3 billion, as the bank sharply increased loan provisions amid challenging market conditions. Despite the earnings decline from P2.16 billion a year ago, the thrift banking arm of the Metrobank Group said on Friday its core revenues remained resilient, with