Philippine National Bank (PNB) of the Lucio Tan (LT) Group reported a 23-percent growth in consolidated net income to ₱18.5 billion for the first nine months of 2025, on stronger interest and non-interest earnings.

In a disclosure to the Philippine Stock Exchange (PSE), the bank said its total revenue improved by eight percent, supported by the growth in loans and investments securities by nine percent and 13 percent, respectively, and fee-based income contributing by 18-percent growth.

Other income grew by four percent over a year ago, supported by the bank’s continued effort to dispose of its acquired assets and foreign exchange (forex) gains.

Operating expenses (opex) are up by nine percent compared to a year ago, in direct proportion to volume and in line with business growth.

On the other hand, provisions for impairment and credit losses showed a significant reduction by 87 percent compared to last year, as a result of reduction in non-performing loans (NPL) and improvement in credit quality of the portfolio.

“The bank is now harvesting the benefits from focusing on the improvement in the quality of the lending portfolio through deliberate acquisition of quality customers and improvements in the credit and lending processes and policies,” said PNB Chief Financial Officer (CFO) Francis Albalate.

As of Sept. 30, 2025, the bank’s total assets stood at ₱1.25 trillion and total liabilities at ₱1.02 trillion, while capital grew by eight percent compared to December 2024.

“We expect steady business growth with a strong plan in place to grow corporate, commercial, and consumer businesses,” PNB President Edwin Bautista said.

He added that, “The bank’s plan for digitalization will further expand opportunities across all areas of the business as the bank prepares itself for advancing innovations that will prioritize improving service to the bank’s customers.”