Gotianun-led East West Banking Corp. is targeting to sustain its double-digit income growth this year as it expects higher consumer loan demand, according to its top official.
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The recent mess involving the unauthorized fund transfers that affected several GCash users was a phishing incident and not hacking, according to the Bangko Sentral ng Pilipinas.
Gotianun-led East West Banking Corp. sees a better year this year as its quarter-on-quarter financial performance remained robust amid headwinds brought about by elevated inflation and rising interest rates.
The net income of Gotianun-led East West Banking Corp. fell by 60 percent to P1.52 billion in the first half from P3.8 billion in the same period last year on the back of lower operating earnings and higher provisioning for potential loan losses.