Bank of the Philippine Islands (BPI) announced a net income of P33.0 billion for the first half of 2025, marking a 7.8% increase compared to the P30.6 billion earned during the same period last year.
This growth was driven by strong revenue performance, partially offset by higher operating expenses and provisions.
Total revenues for the first half of 2025 reached P92.6 billion, a 14.0% increase year-on-year.
Net interest income rose by 16.2% to P71.2 billion, supported by an 8.3% growth in the average earning asset base and a 32-basis point expansion in net interest margin to 4.58%.
Non-interest income grew by 7.4% to P21.4 billion, fueled by the strength of the Bank’s fee-based businesses, including credit cards, insurance, and wealth management.
Operating expenses increased by 11.7% to P42.7 billion due to investments in technology, business volume-related costs, and manpower structural adjustments.
Despite this, the cost-to-income ratio improved by 96 basis points to 46.2%, reflecting robust revenue generation.
Provisions for credit losses surged by 141.7% to P7.3 billion, with the Bank’s Non-Performing Loan (NPL) ratio at 2.25% and NPL coverage ratio at 97.1%.
Under BSP Circular 941, the NPL coverage ratio translates to 123.8%.
BPI’s total assets grew by 9.3% year-on-year to P3.4 trillion, while gross loans increased by 14.1% to P2.4 trillion, driven by strong growth across all portfolios, particularly non-institutional loans.
Total deposits rose by 6.5% to P2.6 trillion, with CASA deposits reaching P1.6 trillion and a CASA ratio of 62.4%.
The Loan-to-Deposit Ratio stood at 90.9%.
The Bank’s total equity grew by 11.5% to P453.5 billion, with an indicative Common Equity Tier 1 Ratio of 14.5% and a Capital Adequacy Ratio of 15.3%, both exceeding regulatory requirements.
In June 2025, BPI issued its 1.5-year Peso-denominated fixed rate BPI Supporting Inclusion, Nature, and Growth Bonds (BPI SINAG Bonds) with an aggregate principal amount of P40.0 billion.
These bonds, the first tranche under the Bank’s P200 billion Bond and Commercial Paper Program, carry an interest rate of 5.85% per annum and are listed on the Philippine Dealing & Exchange Corp.
BPI was recognized as the Best Corporate Governance Bank by the Global Banking & Finance Review for its exemplary governance practices.
Additionally, the bank achieved a SOC 2 Type 1 Attestation Report, certifying its controls meet the trust services criteria for security, availability, processing integrity, confidentiality, and privacy.
