East West Banking Corporation (EastWest) announced its net income reached P6.6 billion for the first nine months of the year, a strong 14% increase from the same period last year. This impressive growth was underpinned by consistent core revenue generation, resulting in a Return on Equity (ROE) of 11.6%.
Total revenues grew by 16% year-on-year to P37.3 billion. This increase was primarily fueled by the continuous expansion of net interest income, which rose 18% to P29.7 billion. The Bank’s consumer lending business served as the primary growth engine, expanding by 17% and now representing a commanding 85% of the Bank’s total loan portfolio.
“Our core consumer banking business is thriving, aligning perfectly with the evolving needs of our customers. Our strategic funding initiatives are likewise effectively supporting our growth plans and fortifying our funding structure,” said EastWest CEO Jerry G. Ngo. “These critical components have significantly contributed to our steady revenue generation. Combined with our operational efficiencies, these have resulted in robust and sustainable profitability.”
EastWest’s operational efficiency continued to improve, with operating expenses increasing by a manageable 7% to P19.2 billion—a growth rate significantly slower than revenues. This strategic cost management, coupled with productivity gains and digital efficiencies, allowed the Bank’s cost-to-income ratio to improve by 412 basis points to a highly competitive 51.4%.
On the strategic front, EastWest reinforced its digital and retail presence:
Auto Financing Partnership: The Bank partnered with AutoDeal, an online automotive marketplace, to streamline and enhance convenience and transparency in auto financing for car buyers across the Philippines.
Digital Offerings: EastWest expanded its EasyWay platform with new features, including digital applications for Personal Loans and Credit Cards, digital CASA opening for both Peso and foreign currency deposits, and the recent introduction of InstaPay transfers via QR code.
SME Banking: The successful launch of the EastWest BizAccess Visa Debit Card, the latest feature of its SME banking ecosystem, is simplifying cash management for business clients.
The Bank’s total assets grew by 11% to P552.9 billion, largely funded by deposits that increased by 12% to P415.8 billion. The Bank maintained a high Current Account, Savings Account (CASA) ratio of 81%. Furthermore, EastWest’s priority banking business saw its Assets Under Management (AUM) successfully breach the P100 billion mark.
EastWest maintains a strong capital base well above regulatory standards, with a Capital Adequacy Ratio (CAR) of 13.6% and a CET1 ratio of 12.7%, providing ample support for future growth initiatives.
EastWest continues to garner recognition for its commitment to governance and operational excellence. Recent accolades include:
Two Golden Arrow citations from the Institute of Corporate Directors for sustained good governance.
A Philippine Quill Award for excellence in communication.
The People Program of the Year award from the People Management Association of the Philippines (PMAP).
The Trust and Asset Management Group was named Best Emerging New Equity Fund Manager at the International Finance Awards 2025.
The Priority Banking business received the Best Priority Banking Experience award for the third consecutive year.
