Content area
Full Text
Despite the economic downturn in the Philippines in 1991, PCIBank was able to achieve a record net income of P1.129 billion and strong profit growth of 16.6% during the year As a result earnings per share increased by 172%.
These favourable results are a function of PCIBank's strong capital base and its sound business strategy. With 235 branches, PCIBank has developed the largest branch network of any bank in the Philippines. It has also built one of the strongest capital bases in the banking sector, consistently invested in state-of-the-art technology and focused on staff training to maintain its highly-skilled human resources.
As the country's top-tier unibank, PCIBank is therefore well-positioned to be able to capitalise on the expected economic recovery and to provide vital funds for key growth sectors and entrepreneurial companies operating within them.
COMMERCIAL BANKING-PRUDENT GROWTH
PCIBank's services to individual and corporate customers have...