Businessman Alfredo Yao's reform agenda for the bank is paying off slowly but surely. Philippine Business Bank (PBB) posted a mild income increase during the second quarter, with its net income rising by 1.5% to P180.6 million from P177.97 million from a year ago, BusinessWorld said in news report. The listed thrift bank said this pulled its first-semester profit to P340.32 million, inching up from P340 million raked in between January to June 2016. The flat growth in profits came at a time when PBB embarked on a "streamlined lending business," which helped raise its loans and other receivables to P58.8 billion. PBB president and chief executive officer Roland Avante said in a disclosure to the Philippine Stock Exchange that the bank's bottom line would likely post bigger growth during the coming months, as it completes its reorganization plans. ?