Wednesday, May 16, 2007

Philippines - Chinabank profit slides 35.7%

Chinabank Q1 net profit P765M, down 35.7% yr-on-yr

MANILA, Philippines--China Banking Corp (Chinabank) said its first quarter net profit declined 35.7 percent from a year earlier to P765 million because of trading and securities losses.  (Inquirer)

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