PCFS ekes out marginal growth in earnings for 2010

Wednesday, 16 March 2011 20:37

Pan Caribbean Financial Services (PCFS) recorded a marginal 3% growth in earnings during the 2010 financial year. PCFS earned profit of $1.5Bn (EPS: $2.78) compared to $1.47Bn (EPS: $2.70) in 2009. The performance was driven by a 4.8% growth in net interest income as well as a 21% increase in net fee and commission income. Operating expenses grew by just 6.7%.