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LANDBANK s net income surges 141% in the 1st quarter - BusinessWorld Online

LANDBANK s net income surges 141% in the 1st quarter - BusinessWorld Online
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Landbank s Q1 income up 141% on interest, gain in UCPB deal

STATE-RUN Land Bank of the Philippines grew 141 percent in the first quarter on the back of higher interest income and the one-time gain from its acquisition of United Coconut Planters Bank (UCPB). LandBank reported a net income of P13.2 billion in the first three months of the year compared…

Landbank income doubles to P13 billion

State-run Land Bank of the Philippines doubled its net income in the first quarter to more than P13 billion, brought about by the one-time gains it secured from its merger with another bank.

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