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business.inquirer.net China Bank profit down 2.1% in Sept

Sy family-led China Banking Corp. posted a P5.56-billion net profit at end-September, 2.1 percent lower year-on-year, due to a decline in trading gains.

 

Consolidated operating income grew by 8 percent year-on-year to P20.72 billion, driven by sustained growth of its core businesses.

 

Excluding trading and one-off gains, operating income was up by 16 percent, the bank disclosed to the…
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