Bank of the Philippine Islands (BPI) reported a net income of P33 billion for the first half of 2025, up 7.8 percent from P30.6 billion a year ago, as strong lending activity and higher margins lifted revenues despite rising costs and provisions.
The Ayala-led bank’s total revenues rose 14 percent to P92.6 billion, driven by a 16 percent jump in net interest income to P71.2 billion. The increase was fueled by an 8.3 percent expansion in the bank’s average earning asset base and a 32-basis point rise in net interest margin to 4.58 percent.
Non-interest income also contributed, rising 7.4 percent to P21.4 billion, supported by robust growth in credit card fees, insurance, and wealth management services.
Operating expenses grew nearly 12 percent year-on-year to P42.7 billion, reflecting continued investments in technology, manpower, and higher business activity. Despite this, BPI’s cost-to-income ratio improved to 46.2 percent, aided by strong topline growth.
The bank booked P7.3 billion in provisions for credit losses—up 142 percent year-on-year—bringing its non-performing loan (NPL) ratio to 2.25 percent and NPL coverage ratio to 97.1 percent, or 123.8 percent based on BSP Circular 941.
Total assets reached P3.4 trillion, up 9.3 percent from a year ago. Gross loans rose 14.1 percent to P2.4 trillion, with robust growth across portfolios, especially in the consumer segment. Deposits climbed to P2.6 trillion, up 6.5 percent, with a CASA ratio of 62.4 percent.
In June, BPI raised P40 billion from its inaugural SINAG bonds under its P200 billion bond program, bearing an interest rate of 5.85 percent.
