PSBank Posts P2.16 Billion H1 2025 Net Income

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a net income of P2.16 billion in the first half of 2025, driven by the steady growth of its core businesses and continuous efforts to reduce operational costs.

Stable demand across both consumer and SME lending segments continued to expand the Bank’s loan book, which grew by 16% year-on-year to P153 billion as of June 2025.

Core revenues, consisting of net interest income and service fees and commissions, rose by 7% year-on-year to P7.47 billion, while operating expenses decreased by 2% to P4.54 billion.

Pre-provision operating profit grew by 6% to P3.35 billion. On the other hand, credit provisions were higher this year as the Bank booked a one-time adjustment in its Expected Credit Loss model in 2024.

With the portfolio increase, gross non-performing loan (NPL) ratio was kept at 3.1%, lower than the Philippine banking industry average of 3.4% as of May 2025.

The Bank’s total resources reached P224 billion, while total deposits stood at P171 billion by mid-2025. Total capital improved to P46 billion, with a capital adequacy ratio of 24.6% and a Common Equity Tier 1 ratio of 23.5%—both are well above the regulatory minimum set by the Bangko Sentral ng Pilipinas 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.

Recently, the Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook. The rating reflects the Bank’s solid market position, sound capitalization and asset quality, strong support from its parent bank, experienced management team, and the positive outlook for its core market.
​
PSBank also successfully closed its bond offering period, ending ahead of schedule as the total orderbook exceeded 6 times the initial offer size within one day. Proceeds from the issuance will provide the Bank with access to long-term funding to support expansion initiatives and further diversify funding sources.