Bank of the Philippine Islands (BPI) said Thursday it booked P33-billion net income in the first half of 2025, a 7.8-percent increase from P30.6 billion it earned in the same period last year.
The growth was driven by strong revenue growth, partially tempered by the increases in operating expenses and provisions, the bank said in a disclosure to the stock exchange.
First-half revenues rose 14 percent to P92.6 billion.
Net interest income went up 16.2 percent to P71.2 billion, on the back of a 8.3-percent increase in the average earning asset base and a 32-basis-point expansion in net interest margin to 4.58 percent.
Non-interest income rose 7.4 percent to P21.4-billion, driven by the underlying strength of the bank’s fee businesses led by credit cards, insurance and wealth management.
Operating expenses climbed 11.7 percent to P42.7 billion, on spending on technology, business volume-related expenses and manpower structural increases.
