Net income of the Bangko Sentral ng Pilipinas increased significantly to P9.815 billion in the first quarter 2018 from P1.664 billion a year ago, driven mainly by higher interest profits and foreign exchange gains during the period.
Data showed revenues increased 19 percent to P14.918 billion from P12.557 billion a year ago due to a 28-percent increase in interest income to P16.878 billion from P13.140 billion on year.
The central bank realized P7 billion in foreign exchange gains during the period, higher than P4.695 billion in the same period in 2017.
Expenses, meanwhile, fell to P12.143 billion from P15.588 billion a year ago.
Total assets stood at P4.781 trillion as of end-March, slightly higher by P169 billion or 3.7 percent than the year-ago level of P4.612 trillion. The assets were also higher by P115 billion or 2.5 percent from the end-December 2017 level of P4.666 trillion.
Liabilities increased P138.7 billion or 3 percent year-on-year to P4.690 trillion.