Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a net profit of P2.16 billion in the first half of 2025, driven by steady growth in its core businesses and continuous cost reduction efforts.
The bank’s loan book grew 16 percent year-on-year to P153 billion as of June 2025, fueled by stable demand across its consumer and small and medium-sized enterprise (SME) lending segments.
Core revenues, which include net interest income and service fees, increased 7 percent year-on-year to P7.47 billion, while operating expenses decreased by 2 percent to P4.54 billion.
Pre-provision operating profit rose 6 percent to P3.35 billion. Credit provisions were higher this year due to a one-time adjustment in its Expected Credit Loss model in 2024.
Despite the portfolio increase, the gross non-performing loan (NPL) ratio was kept at 3.1 percent, below the Philippine banking industry’s average of 3.4 percent as of May 2025.
The bank’s total resources reached P224 billion, with total deposits at P171 billion by mid-2025.
Total capital improved to 46 billion pesos, with a capital adequacy ratio of 24.6 percent and a common equity tier 1 ratio of 23.5 percent, both well above regulatory minimums.
“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,” PSBank president Jose Vicente Alde said.
The Philippine Rating Services Corporation (PhilRatings) recently assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a stable outlook, citing the bank’s solid market position, sound capitalization and strong support from its parent.
PSBank also recently closed a bond offering ahead of schedule, with the total order book exceeding six times the initial offer size within one day. The proceeds will provide the bank with long-term funding to support expansion initiatives and diversify its funding sources.
