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To: Bobby Yellin who wrote (22921)	11/13/1998 8:18:00 AM
From: Alex	Respond to of 116759

11/13/98 - Philippine Central Bank"s Net Income Increases on gold interest MANILA (Nov. 13) XINHUA - The Central Bank of the Philippines generated a net income of 4 billion pesos (100 million U.S. dollars) in the first half of this year, 2.9 billion pesos (70 million dollars) higher than its net income a year ago. In a report published here Friday, the bank said the aggregate revenues of the bank totaled 17.1 billion pesos (420 million dollars) as against total expenses of 13.1 billion pesos (320 million dollars). The bank attributed the increased revenues to higher miscellaneous income which came mainly from higher interest on silver and gold deposits. The bank said that the interest income comprised 81.6 percent of the total revenues. The bank"s financial position remained strong in the first half of the year as its net worth grew by 26.4 percent from the level in the previous quarter, it said. During the period, the bank said, its total assets reached 764.7 billion pesos (19.1 billion dollars), while the international reserves increased by 97.3 billion pesos (2.4 billion dollars). Enditem =11131141 13/11/98 11:44 GMT