Gotianun-led East West Banking Corporation (EastWest Bank) is optimistic it will surpass its 42% growth in 2022 and exceed pre-pandemic asset levels this year, as the lender reported more loan bookings.
In an emailed statement, EastWest said its net income rose to P4.6 billion in the past year, excluding one-off items in 2021. Core revenues grew 12% to P28.1 billion.
“The full-year impact of our 2022 asset build-up will be felt this year on our core income performance. The growth momentum should improve this year as we exceed pre-pandemic asset levels this year,” newly appointed CEO Jerry Ngo said. EastWest is a subsidiary of Filinvest Development Corporation, which also has businesses in real estate, hospitality and tourism, infrastructure power generation, and sugar.
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