The Philippine National Bank (PSE: PNB) reported a consolidated net income of ₱12.5 billion for the first half of 2025, a 22% increase year-on-year, driven by sustained improvements in core revenue streams, including net interest income and service fees. Net income for the second quarter alone stood at ₱6.4 billion, marking a robust 29% surge from the same period in 2024.
Strong growth in core earning assets led to a 7% boost in net interest income, reaching ₱25.8 billion, as the Bank’s loan portfolio and investment securities expanded by 5% and 11%, respectively. Complementing this was a 24% rise in service fees and commissions totaling ₱2.8 billion, attributed to solid performance in deposit transactions, credit cards, and bancassurance.
Additional momentum came from market activities, with trading gains and foreign exchange operations soaring 64% to ₱1.4 billion. Operating expenses grew by 9%, primarily due to increased business taxes and related expenditures amid strong revenue growth.
As of June 30, 2025, PNB’s total assets reached ₱1.29 trillion, while deposit liabilities breached the ₱1 trillion mark for the first time—underscoring the strength and resilience of the PNB brand, with a significant share in low-cost current and savings accounts (CASA).
“The Bank’s impressive first-half results reflect the success of our strategic initiatives,” said PNB President and CEO Edwin Bautista. “We’re committed to exploring new revenue opportunities through technology, including AI and data science, and forming strategic alliances that add value to our offerings.”
Among its recent innovations, PNB announced a partnership with Japan’s Digital Wallet Corporation (DWC)—developer of Smiles, Japan’s leading mobile remittance platform. The collaboration aims to enhance support for Overseas Filipino Workers (OFWs) by integrating DWC’s user-centric technology with PNB’s extensive network and market insights.
“This partnership isn’t just about connecting systems—it’s about connecting lives,” Bautista added. “Together, we’re redefining how money moves for Filipinos across the globe.”
Security upgrades also took center stage, with enhancements to PNB RCI WebRemit and the PNB Singapore Mobile App. These platforms now feature electronic Know-Your-Customer (eKYC) onboarding, advanced biometric verification, and integration with the Bank’s Enterprise Fraud Management System to help safeguard customers from fraud.
