Consequently, its pre-provision earnings grew by 18.8% to $126m from $106m in the first quarter of 2010 with deducting provisions of $31.2m.
For the latest quarter, its consolidated assets reached $28.7bn and $40bn when accounting for fiduciary deposits, security accounts and assets under management.
According to the bank, consolidated deposits amounted to $24.4bn during the quarter ended March 2012.
Gross doubtful loans accounted for only 2.7% of gross loans, with the coverage of those loans by specific loan loss provisions increased 81.9% from 77.3% at end of December 2011.
The net doubtful loans to gross loans ratio improved from 0.66% to 0.49% over the same period.
The banks said that its first quarter of 2012 reflects its ability to stand firm and maintain its earning power against tough operating conditions and fierce competition.
