ADVERTISEMENT
Manila Bulletin devider Business devider Banking & Finance devider BSP net earnings fall as revenues shrink faster than expenses

BSP net earnings fall as revenues shrink faster than expenses

Published Sep 23, 2025 12:45 pm  |  Updated Sep 23, 2025 01:22 pm
The Bangko Sentral ng Pilipinas (BSP) reported a decline in net earnings for the first half of the year, driven by steeper reduction in revenues than in expenses.
Data from the BSP showed that the central bank’s net income fell by 17.8 percent to ₱70.3 billion in January to June this year, from ₱85.5 billion in the same period a year ago.
During the quarter, the BSP’s revenues decreased 14.7 percent to ₱140 billion from ₱164.1 billion a year ago. Similarly, expenses dropped by 2.6 percent to ₱103.4 billion from ₱106.1 billion.
For the January-to-June period, the central bank’s interest income rose slightly by 0.9 percent to ₱120.9 billion from the previous year’s ₱119.8 billion. Meanwhile, miscellaneous income dropped significantly by 56.9 percent to ₱19.1 billion from ₱44.3 billion a year ago.
Interest income on international reserves, domestic securities, and miscellaneous income were the sources of the BSP’s revenues. Miscellaneous income includes trading gains or losses, fees, penalties, and other forms of operating income.
As for its spending, the BSP’s interest expenses dropped by 17 percent to ₱70 billion from ₱84.3 billion last year. Meanwhile, other expenses jumped by 53.2 percent to ₱51.8 billion from ₱33.4 billion in the first half of last year.
BSP’s foreign exchange (FX) gains jumped 22.1 percent to ₱33.7 billion from ₱27.6 billion last year. These FX gains came from fluctuations in currency exchange rates related to the BSP’s foreign currency transactions.
As of end-June, the BSP’s total assets stood at ₱7.69 trillion, down 2.3 percent from ₱7.87 trillion in 2024. The decline was mainly driven by lower international reserves and domestic securities.
Similarly, the BSP’s total liabilities decreased by 3.6 percent to ₱7.39 trillion from ₱7.67 trillion a year earlier. This was driven by the decreases in deposits and domestic bills payable, despite increases in the currency in circulation and the revaluation of foreign currency accounts.
As of end-June, the BSP’s net worth climbed by 46.2 percent to ₱303.6 billion from ₱207.7 billion in the same period last year. This increase was largely driven by surplus reserves, which jumped by 64.9 percent to ₱243.6 billion from ₱147.7 billion a year earlier. The BSP’s capital, meanwhile, remained at ₱60 billion.

Related Tags

Bangko Sentral ng Pilipinas (BSP)
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.