According to a report by the Philippine Daily Inquirer on September 29, data released by the Bangko Sentral ng Pilipinas shows that the net income of Philippine investment and credit companies reached 2.297 billion pesos in the first half of this year, a year-on-year increase of 26%. Among them, the net income of credit companies was 1.2 billion pesos, a year-on-year increase of 56%. The data also indicates that the sources of profit growth are broad, including lending, leasing, and financial service fees.
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