Philippine National Bank, the country’s 8th lender by assets, posted a net income of P12.5 billion for the first half, a 22 percent increase driven by sustained improvements in core revenues. The revenue gains were primarily fueled by net interest income and net service fees and commissions.
The second quarter results showed even higher gains, with net income rising 29 percent to P6.4 billion compared to the year-earlier period, almost doubling the year-on-year growth from the first half of the year.
Net interest income in the first half grew by 7 percent to P25.8 billion.
This was supported by a 5 percent growth in loans and an 11 percent rise in investment securities. Net service fees and commission income surged by 24 percent to P2.8 billion due largely by deposit transactions, credit cards, and the bank’s expanding bancassurance business. Cross-selling efforts contributed significantly to these results.
The bank’s trading securities and foreign exchange operations also performed well, with gains rising 64 percent to P1.4 billion year-on-year.
Operating expenses, excluding provisions for impairment and credit losses, grew by 9 percent, reflecting higher taxes and other business-related costs. As of June 30, 2025, PNB’s total assets stood at P1.29 trillion, while its deposit liabilities surpassed the one trillion mark, with most deposits in low-cost current account and. savings account.
PNB pesident and chief executive officer Edwin Bautista expressed confidence in the bank’s trajectory, noting that strategic initiatives and technology-driven collaborations, like the recent partnership with Japan’s Digital Wallet Corporation (DWC), are enhancing the bank’s services and market reach. The collaboration aims to provide more accessible financial services for overseas Filipinos, reinforcing PNB’s commitment to innovation and customer satisfaction.
