Maya, a leading digital bank, said it posted a profit in the first quarter of 2025, sustaining the strong financial momentum initially achieved in December 2024.
The company said its first-quarter 2025 performance was fueled by robust lending activity and continued leadership in deposits and payments.
Maya said with a strong first quarter, it is on track to accelerate its ecosystem growth—expanding its credit portfolio, enhancing merchant offerings, growing its consumer platform with products like credit cards and deepening its impact by democratizing finance in the Philippines.
Loan disbursals reached nearly P28 billion in the first quarter, with cumulative disbursements totaling P120 billion.
Maya’s loan-to-deposit ratio improved to 51.1 percent, signaling strong credit demand and disciplined capital deployment.
Maya said it also continued to strengthen its position as the #1 digital bank in the Philippines by deposit balance, ending the quarter with P43.6 billion in total deposits—about double that of the next largest digital bank.
This highlights the trust Maya has built among its customers and its capacity to support accelerated credit expansion, it said in a statement.
Asset quality remained sound, with a non-performing loan (NPL) ratio of just 3.8 percent, significantly below the digital banking industry average. This underscores the strength of its risk management systems amid rapid portfolio growth.
Maya is also accelerating growth in its merchant business through an integrated payments and banking platform designed for large enterprises, as well as small and micro businesses.
Maya processed over P1 trillion in payments for merchants in 2024, leading the market in digital transactions.
Visa also previously recognized Maya as the top acquirer for merchant transaction volume, underscoring their shared commitment to drive digital acceptance and cashless transactions.
“We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in the first quarter of 2025,” said Maya Group president and Maya Bank co-founder Shailesh Baidwan.
“This reflects the strength of our model—anchored on innovation, disciplined execution, and a clear mission to expand access to digital financial services for millions of Filipinos,” he said.