Bank of Commerce 2020 AR2
The report highlights Bank of Commerce's performance in 2020, during which it navigated the challenges of the COVID-19 pandemic and natural disasters like the Taal Volcano eruption. The bank achieved a 20.2% increase in net income to PHP 784.4 million, driven by a rise in net interest income and trading gains. Digitization efforts accelerated with the launch of the BankCom [Personal] mobile app, resulting in an 821% increase in fund transfers. In terms of corporate social responsibility, the bank redirected its corporate giveaways budget to charitable foundations and actively participated in disaster relief and community development programs.
Company: Bank of Commerce
Sector: Financials
Country: Philippines
Year: 2020
Type: AR2
Pages: 224
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Bank of Commerce
Annual Report
The report highlights Bank of Commerce's performance in 2020, during which it navigated the challenges of the COVID-19 pandemic and natural disasters like the Taal Volcano eruption. The bank achieved a 20.2% increase in net income to PHP 784.4 million, driven by a rise in net interest income and trading gains. Digitization efforts accelerated with the launch of the BankCom [Personal] mobile app, resulting in an 821% increase in fund transfers. In terms of corporate social responsibility, the bank redirected its corporate giveaways budget to charitable foundations and actively participated in disaster relief and community development programs.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees