Philippine Business Bank, a local savings bank, reported strong performance in the first half of 2025, with interest income and interest margin improving.
Interest income rose by 13 percent to P5.83 billion from P5.18 billion a year ago, while net interest income climbed 10 percent to P3.69 billion. Net interest margin improved by 16 basis points to 4.68 percent.
Core income reached P1.81 billion, and pre-provision, pre-tax profit rose 11 percent to P1.76 billion. Profit before tax totaled P1.41 billion, while net income rose to P1.07 billion from P1.03 billion in the year-earlier period.
Total loans and receivables amounted to P119.4 billion as of June 2025. Total resources increased to P162.2 billion, up P7.8 billion year-on-year. Deposit liabilities expanded by P7.1 billion to P133.5 billion. Shareholders’ equity was P20.2 billion, with a book value per share of P23.86.
Return on average assets and equity stood at 1.29 percent and 10.78 percent, respectively. Capital adequacy and liquidity ratios remained strong at 12.93 percent and 24.51 percent—well above regulatory minimums.
The bank provisioned P350 million for potential credit losses, up P150 million year-on-year, resulting in an NPL cover of 104 percent. Without the higher provisioning, net income would have reached P1.25 billion, up 17.6 percent.
“Our results reflect continued growth in our core SME business,” said President and CEO Roland Avante. “We remain committed to maintaining strong asset quality while exploring new opportunities in consumer finance and corporate lending.”
