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Manila Bulletin devider Business devider Banking & Finance devider Philippine banks earn ₱300 billion on stronger lending, fees

Philippine banks earn ₱300 billion on stronger lending, fees

Published Nov 11, 2025 02:14 pm
The local banking industry’s total earnings climbed in the first three quarters of the year, driven by the sharp increase in income generated from both core lending activities and fee-based businesses, despite higher provisioning for future losses.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that higher interest and non-interest incomes increased Philippine banks’ earnings by 3.6 percent in January to September to ₱300.4 billion from ₱290.1 billion in the same period last year.
At end-September, banks’ cumulative net interest income rose 11 percent to ₱851.5 billion, from ₱767 billion a year earlier.
This income represents the difference between interest earned and the total provisions for losses on accrued interest from financial assets, along with interest expenses.
Banks’ non-interest income grew 7.7 percent to ₱185.1 billion from ₱171.9 billion last year. This includes fees, gains from financial assets and liabilities, foreign exchange profits, and other similar sources.
As of end-September, the banking system’s operating income climbed 10.8 percent to ₱1.04 trillion, from ₱939 billion in the same period last year.
Banks’ non-interest expenses increased 9.9 percent to ₱573.2 billion from ₱521.5 billion a year ago. These cover compensation and benefits, taxes and licenses, fees and commissions, as well as impairment losses and provisions.
Meanwhile, the banking sector’s total losses on financial assets reached ₱115.1 billion during the period, representing a 51.1 percent increase from ₱76.2 billion the previous year.
Provisions for credit losses also surged 56.8 percent to ₱134.4 billion from ₱85.7 billion in 2024.
Bad debts written off reached ₱3.2 billion as of June, up 39.1 percent from ₱2.3 billion a year earlier. Writing off bad debts such as non-performing or soured loans allows banks to clean up their balance sheets by removing uncollectible accounts.
Recoveries on charged-off assets jumped 90.7 percent to ₱22.5 billion from ₱11.8 billion a year earlier. These refer to recoveries from previously written-off financial assets or those with allowances for credit losses.
As of end-September, the banking system’s total assets increased 3.7 percent to ₱28.76 trillion from ₱27.73 trillion in August.

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Bangko Sentral ng Pilipinas (BSP)
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