CBS posted a net income of P1.19 billion in the first half of 2026, demonstrating the resilience of its core lending business as loan growth helped cushion the impact of global geopolitical uncertainties and a challenging domestic economic environment.
The country’s second-largest thrift bank by assets said net interest income rose 16 percent year on year to P5.49 billion, driven by sustained expansion in its salary and business loan portfolios, reinforcing lending as its primary growth engine.
Total assets climbed to P225.58 billion, supported by a customer base of more than 1.2 million. Gross loans, excluding interbank loans, increased 8 percent to P158.80 billion, while deposits grew 10 percent to P199.42 billion, providing a stable funding base and strengthening liquidity.
CBS also maintained healthy asset quality despite economic headwinds. Its non-performing loan ratio stood at 2.90 percent, while loan-loss reserves were nearly double its non-performing loans, reflecting a conservative provisioning policy and disciplined credit risk management.
“Our disciplined approach to lending has kept our portfolio sound and strong amid prevailing global geopolitical uncertainties and their impact on Philippine economic growth, inflation, and other factors. We will continue to grow our lending business in a prudential manner,” CBS President James Christian T. Dee said.
The bank also continued expanding its physical presence, ending June with 190 branches, 33 APD Lending Centers, and 65 Branch Lite Units. During the period, it opened five new branches and converted 10 Branch Lite Units into full-service branches, supported by a workforce of more than 3,000 employees.
“There are still unbanked communities all around the Philippines. The current challenging conditions are tough, but we know from experience that Filipinos are tougher. Consumers and entrepreneurs alike need banking services to support their families and their businesses, and we want to be there for them. Our expansion plans will continue,” said Senior Vice President and Retail Banking Group Head Jan Nikolai M. Lim.
Looking ahead, CBS said it will continue expanding its higher-yielding loan portfolio, strengthening its current and savings account deposit base, improving operational efficiency, and investing in both its branch network and digital banking capabilities. The strategy underscores how thrift banks are relying on disciplined lending and broader financial inclusion to sustain growth even as the operating environment remains uncertain.
