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Manila Bulletin devider Business devider Banking & Finance devider PBB's profit climbs to ₱1 billion, driven by strong interest income

PBB's profit climbs to ₱1 billion, driven by strong interest income

Published Aug 4, 2025 12:00 am  |  Updated Aug 2, 2025 02:45 pm
Philippine Business Bank reported that its net income inched up three percent to ₱1.07 billion in the first half of 2025 from ₱1.03 billion in the same period last year as interest income rose despite stiffer competition and higher provisioning.
In a disclosure to the Philippine Stock Exchange, the bank said its interest income increased by 12.5 percent from ₱5.18 billion as of June 2024 to ₱5.83 billion this year.
Net interest income expanded by 10.3 percent to ₱3.69 billion versus the ₱3.35 billion figure of the previous year. Core income increased to ₱1.81 billion. Net interest margin improved by 16 bps to 4.68 percent.
Total loans and receivables ended at ₱119.4 billion as of June 2025. Total resources increased by ₱7.8 billion, reaching ₱162.2 billion.
On the funding side, the bank’s deposit liabilities expanded by ₱7.1 billion ending the first six months of 2025 at ₱133.5 billion.
“The Bank’s ₱1.07 billion net income was achieved with the continued expansion of the Bank’s core business,” said PBB Vice Chairman, President and CEO Roland Avante.
He added that, “The interest differential business showed robust profitability as the Bank continued to strengthen client relationships and maintain a healthy interest margin amidst intensify industry competition.”
In the first half of 2025, PBB took a more aggressive approach to provisioning and actively managed potential risks arising from the volatile economic environment.
Loan loss provisions reached ₱350 million in the first half of 2025, ₱150 million higher versus the same period last year. As a result, the Bank’s non-perforing loan cover ended at 104 percent.
Had PBB maintained provisioning levels similar to June 2024, net income for the first half of 2025 would have ended at approximately ₱1.25 billion, or a 17.6 percent increase year-on=year.
“This underscores the Bank’s commitment to maintaining good asset quality and ensuring adequate coverage to address potential credit risk,” said Avante.
He noted that, “The Bank’s focus on serving the SME market, while growing core income and maintaining asset quality, remains to be PBB’s core strategy. The Bank will also continue to optimize its deposit mix to support long-term growth.”
“The rest of 2025 will likely show better earnings for PBB compared to 2024... In the coming years, we will continue to explore opportunities in consumer finance and corporate lending while we keep our focus on the SME market,” said Avante.

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