Philippine Savings Bank 2024 AR2
The report outlines Philippine Savings Bank's (PSBank) financial and sustainability performance for the fiscal year 2024. The bank achieved a record net income of PhP 5.21 billion, representing a 15% increase from 2023, driven by strong loan growth and operational efficiency. In sustainability, PSBank refined its taxonomy guidelines in accordance with the Philippine Sustainable Finance Taxonomy Guidelines and grew its hybrid and electric vehicle loan portfolio by 54.42%. Additionally, the bank's head office continued to be powered by 100% renewable energy, and its first solar-powered branch achieved significant energy savings.
Company: Philippine Savings Bank
Sector: Financials
Country: Philippines
Year: 2024
Type: AR2
Pages: 33
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Philippine Savings Bank
Annual Report
The report outlines Philippine Savings Bank's (PSBank) financial and sustainability performance for the fiscal year 2024. The bank achieved a record net income of PhP 5.21 billion, representing a 15% increase from 2023, driven by strong loan growth and operational efficiency. In sustainability, PSBank refined its taxonomy guidelines in accordance with the Philippine Sustainable Finance Taxonomy Guidelines and grew its hybrid and electric vehicle loan portfolio by 54.42%. Additionally, the bank's head office continued to be powered by 100% renewable energy, and its first solar-powered branch achieved significant energy savings.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Employees