Bank of the Philippine Islands (BPI) posted a solid full-year performance in 2025, booking net income of P66.62 billion, up 7.4 percent year on year, as strong revenue growth offset higher provisions and operating expenses.
Total revenues climbed 14.8 percent to P195.3 billion, driven mainly by a 16.0 percent rise in net interest income to P148.0 billion. The growth reflected an expanding asset base—up 8.5 percent—and a 28-basis-point improvement in net interest margin to 4.6 percent, underscoring BPI’s ability to reprice assets effectively in a competitive rate environment.
Non-interest income rose 11.0 percent to P47.2 billion, supported by higher fees from cards, insurance, and wealth management, alongside strong trading gains. Operating expenses increased 9.9 percent to P92.1 billion due to higher volumes, manpower costs, and continued investments in technology. Even so, BPI sustained a positive “jaw,” with revenue growth outpacing costs, pulling the cost-to-income ratio down 209 basis points to a leaner 47.2 percent.
Profitability metrics remained healthy, with return on equity at 14.5 percent and return on assets at 2.0 percent. Provisions surged 168.9 percent to P17.8 billion, reflecting a more conservative stance, but asset quality stayed sound. The non-performing loan ratio stood at 2.18 percent, with NPL coverage at 94.9 percent, rising to 122.9 percent under BSP Circular 941.
Loan growth was robust, with total loans expanding 14.7 percent to P2.6 trillion. Non-institutional lending outpaced corporate credit, led by sharp gains in business banking, credit cards, and personal loans—signaling strong consumer and SME demand.
Total assets reached P3.7 trillion, while deposits grew 8.6 percent to P2.8 trillion, lifting the loan-to-deposit ratio to 92.4 percent. Capital levels remained well above regulatory requirements.
To diversify funding, BPI announced a P5 billion public offering of two-year BPI SIGLA Bonds, carrying a 5.405 percent coupon and set for listing on February 13, 2026—reinforcing the bank’s balance sheet as it sustains growth momentum.
