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.
Source: Financial Digest (financialdigest.net)
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