5 days ago
BPI nets P33B in H1 2025
Ayala-led lender Bank of the Philippine Islands (BPI) on Thursday reported a 7.8% increase in its net income in the first six months of the year.
BPI said its net income rose to P33.0 billion in the first half, as revenues grew 14.0% to P92.6 billion. Net interest income climbed 16.2% to P71.2 billion, while non-interest income rose 7.4% to P21.4 billion led by credit cards, insurance, and wealth management.
Operating expenses for the first half increased 11.7% to P42.7 billion, as the bank spent on technology, business volume-related expenses, and manpower structural increases.
Provisions for the period stood at P8.3 billion to reflect a 141.7% increase from the previous year, with the non-performing loan (NPL) ratio at 2.25%, and the NPL coverage ratio at 97.1%.
Total assets climbed 9.3% to P3.4 trillion, while gross loans increased 14.1% to P2.4 trillion on the back of the growth across all portfolios, led by non-institutional loans.
The bank in April said it was looking at loan growth of 12% to 13% this year, with non-institutional loans accounting for 30% of the total portfolio. —VBL, GMA Integrated News
