BPI 9-month profit slips down to P48.9B

MANILA, Philippines — Bank of the Philippine Islands (BPI) saw its nine-month net income fall 3.2 percent to P48.9 billion as higher provisions and operating expenses outpaced revenue growth. January to September earnings declined from P50.5 billion a year earlier, despite increases in lending and fee income. READ: BPI’s H1 profit slipped on higher expenses