Bank of the Philippine Islands (BPI) reported a record net income of P66.62 billion for 2025, up 7.4 percent from the previous year as robust revenue growth offset higher operating costs and a surge in provisions.
The country’s oldest lender said in a stock exchange disclosure Monday that return on equity stood at 14.5 percent, while return on assets was 2 percent for the full year. Total revenues climbed 14.8 percent to P195.3 billion, bolstered by a 16-percent rise in net interest income to P148 billion.
Growth was supported by an 8.5-percent expansion in the average asset base and a wider net interest margin of 4.6 percent. Non-interest income also grew 11 percent to P47.2 billion, fueled by trading gains and higher fees from credit cards, insurance and wealth management.
Operating expenses rose 9.9 percent to P92.1 billion on increased spending on technology, manpower and business volume. The bank’s cost-to-income ratio improved to 47.2 percent, down 209 basis points from the prior year.
Provisions for the year jumped 168.9 percent to P17.8 billion. Despite the increase, the bank said asset quality remained sound with a nonperforming loan ratio of 2.18 percent and an NPL coverage ratio of 94.9 percent.
Total loans reached P2.6 trillion, a 14.7-percent increase across all portfolios. Non-institutional loans, including credit cards and personal loans, led the growth with a 25.8-percent jump, while institutional loans rose 10.4 percent.
Total assets hit P3.7 trillion, up 10 percent year-on-year. Deposits grew 8.6 percent to P2.8 trillion, maintaining a low-cost CASA ratio of 60.7 percent.
Total equity stood at P476.6 billion, with a Common Equity Tier 1 ratio of 13.9 percent and a capital adequacy ratio of 14.7 percent.
The lender said it is conducting a public offering for its two-year P5-billion fixed-rate BPI SIGLA bonds. The offer, which carries an interest rate of 5.405 percent, runs until Feb. 4 and is scheduled for listing on the Philippine Dealing & Exchange Corp. on Feb. 13, 2026.
 reported a record net income of P66.62 billion for 2025, driven by strong interest income and loan growth despite higher provisions.){kind=link}