The Philippine National Bank on Friday announced a strong financial performance for the first half of 2026, delivering a net income of P14.6 billion, which marks a 17 percent increase compared to the P12.5 billion recorded during the same period last year. This elevated the bank’s return on equity to 12.1 percent and improved its return on assets, driven by higher operating revenues, lower deposit costs, and stronger fee-based earnings from bancassurance.
The bank’s total assets grew by 4.4 percent year-on-year to reach P1.35 trillion, supported by a 10 percent expansion in loans to P764 billion. Corporate and commercial loans rose by 11 percent, while consumer loans surged by 21 percent, led primarily by housing loans. Asset quality also improved significantly, with the gross non-performing loan ratio dropping to 4.2 percent from 5.5 percent a year ago, reflecting lower credit costs and a healthier loan portfolio.
President and CEO Edwin R. Bautista attributed the strong results to disciplined execution and balance sheet resilience as the institution celebrates its 110th anniversary. Alongside steady financial growth, PNB maintained a robust capital position well above regulatory standards, with a Common Equity Tier 1 ratio of 19.4 percent and a Capital Adequacy Ratio of 20.3 percent. The bank is also advancing its technology initiatives, having trained over 90 percent of its workforce in artificial intelligence to drive future-ready operations and innovation.
