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In late-June 2018, EWRB resumed its lending program to public school teachers, after it was suspended in November 2017.
EW's net interest income increased by 6 percent to P14.5 billion in spite of lower EWRB contribution and higher deposit costs, driven by the increase in its consumer lending businesses.
Excluding EWRB, EastWest's consumer loan portfolio, composed of auto, home and personal loans, grew 13%.
EW attributed the decline mainly to the adverse development on its wholly-owned subsidiary, EastWest Rural Bank (EWRB).
EW Rural Bank (EWRB)'s lower contribution to overall net income was also cited for the decline in net income.
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- Ewry, Ray
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- EWS protein/E1A enhancer binding protein chimera
- EWS/FLI1 Activated Transcript 2