PSBANK, the thrift banking arm of the Metrobank Group, has declared a cash dividend amounting to P320.14 million for the second quarter.
This is equivalent to a 7.5 percent regular cash dividend per share, as approved by the board during a July 20, 2023 meeting.
The dividend will be distributed to common stockholders, with the record date set for August 4, 2023, and the payment scheduled no later than August 22, 2023.
In the first quarter, PSBank’s reported a net profit increased by 10 percent year-on-year to P976.88 million.
The bank attributed the increase to factors such as the expansion of its consumer loan portfolio, improvements in credit quality, and careful expense management.
