Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, today announced a net income of PhP 2.16 billion for the first half of 2025, fueled by the robust performance of its core businesses and effective cost management.
The Bank’s loan book expanded by 16% year-on-year to PhP 153 billion as of June 2025, propelled by stable demand from both consumer and SME lending segments. This growth in lending contributed to a 7% year-on-year increase in core revenues, which include net interest income and service fees, and commissions, to PhP 7.47 billion. At the same time, operating expenses were reduced by 2% to PhP 4.54 billion, resulting in a 6% growth in pre-provision operating profit to PhP 3.35 billion.
PSBank maintained strong asset quality, keeping its gross non-performing loan (NPL) ratio at a low 3.1%, which is better than the 3.4% Philippine banking industry average as of May 2025. The Bank also upheld its solid capitalization, with total capital reaching PhP 46 billion. Its Capital Adequacy Ratio (CAR) of 24.6% and Common Equity Tier 1 (CET1) Ratio of 23.5% are both well above the regulatory minimums and are among the highest in the industry.
“As we enter the second half of the year, we remain committed to meeting our customers’ evolving needs by delivering innovative financial solutions in an increasingly competitive market,” said PSBank President Jose Vicente Alde.
The bank’s strong performance was recently affirmed by the Philippine Rating Services Corporation (PhilRatings), which assigned PSBank its highest possible Issuer Credit Rating of PRS Aaa with a stable outlook. This rating reflects the bank’s strong market position, sound capitalization, asset quality, and robust support from its parent company.
In another recent milestone, PSBank successfully concluded a bond offering ahead of schedule, with the total orderbook exceeding the initial offer size by more than six times within one day. The proceeds will be used to support expansion initiatives and diversify funding sources.
