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Manila Bulletin devider Business devider Banking & Finance devider PSBank profit drops from 2024's record high amid credit focus

PSBank profit drops from 2024's record high amid credit focus

Published Mar 6, 2026 04:19 pm

Philippine Savings Bank (PSBank), a subsidiary of Metropolitan Bank & Trust Co. (Metrobank), reported a 33-percent drop in net income to ₱3.5 billion last year from the record-high ₱5.21 billion earned in 2024 due to higher credit provisions in 2025.

In a disclosure to the Philippine Stock Exchange (PSE) on Friday, March 6, the bank said the higher credit provisions reflect its continued focus on strengthening its balance sheet.

Sustained growth in its loan portfolio drove net interest income to rise by seven percent year-on-year to ₱13.17 billion. Total loans expanded by eight percent to ₱155 billion, with a gross non-performing loan (NPL) ratio ending at 3.68 percent.

Increase in operating expenses (opex) was capped at 3.6 percent to ₱9.56 billion.

Total deposits grew by nine percent to ₱180 billion, while total capital reached ₱46 billion, up five percent year-on-year.

Capital adequacy ratio (CAR) stood at 24.3 percent, while common equity tier 1 (CET1) ratio was at 23.3 percent. Both ratios are above the minimum requirements set by the Bangko Sentral ng Pilipinas (BSP) and are among the highest in the industry.

“Looking ahead, we will continue to build on our strengths and remain committed to delivering simplified banking solutions that help our customers achieve their financial goals,” said PSBank President Jose Vicente Alde.

During the year, Philippine Rating Services Corp. (PhilRatings) reaffirmed PSBank’s highest issuer credit rating of PRS Aaa (corp.) with a stable outlook.

The bank also completed a bond offering that attracted demand of more than six times the base offer in one day, providing additional long-term funding.

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Philippine Savings Bank Metropolitan Bank & Trust Company Jose Vicente Alde
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