FICOBank wrapped up its CY 2015 with a new record of Php122.53 million in its bottom line, surpassing the Php122-million net profit goal. Likewise, this is higher by Php6.39 million, or 5.50 percent, than the previous year’s record of Php116.14 million. Such growth was brought about by the Bank’s ever-increasing income from its core lending activities, better yield on investments, and greater gain on sale of real and other properties acquired (ROPA).

Owing to its triadic winning products—Agricultural Loan, Commercial Loan and Jewelry Loan—the Bank’s interest income on loans grew by Php51.53 million, or 15.05 percent. With it, the Php342.38-million interest earned a year earlier mounted to Php393.91 million at the end of 2015. In addition, the Bank’s interest income on investments rose by Php2.34 million or 23.49 percent, from 2014’s Php9.96 million to Php12.30 million in 2015. The Bank was also able to record a higher gain on sale of its owned/acquired real and other properties. From the Php10.80 million posted in 2014, it grew by Php5.40 million, or 49.95 percent, resulting to a Php16.20-million gain on the disposal of its ROPA in 2015.

This earning power of the Bank, which goes better year after year, showcases the effective utilization of its available resources and the efficient management of its business operations.