Philippine Savings Bank 2021 AR2
The report highlights Philippine Savings Bank's (PSBank) financial, operational, and sustainability performance for the fiscal year 2021. Despite the challenges of the COVID-19 pandemic, the company achieved a 39% increase in net income to PhP 1.5 billion and improved its credit quality. PSBank expanded its digital banking capabilities, including online account opening via its mobile app, which saw strong customer adoption. On the environmental front, the company reduced its electricity consumption by 3.01% and water consumption by 18.85%. Additionally, PSBank supported small and medium enterprises with PhP 4.6 billion in loans and invested PhP 471 million in ESG-themed projects.
Company: Philippine Savings Bank
Sector: Financials
Country: Philippines
Year: 2021
Type: AR2
Pages: 64
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Philippine Savings Bank
Annual Report
The report highlights Philippine Savings Bank's (PSBank) financial, operational, and sustainability performance for the fiscal year 2021. Despite the challenges of the COVID-19 pandemic, the company achieved a 39% increase in net income to PhP 1.5 billion and improved its credit quality. PSBank expanded its digital banking capabilities, including online account opening via its mobile app, which saw strong customer adoption. On the environmental front, the company reduced its electricity consumption by 3.01% and water consumption by 18.85%. Additionally, PSBank supported small and medium enterprises with PhP 4.6 billion in loans and invested PhP 471 million in ESG-themed projects.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Total Waste
Women on Board
Employees