Total revenues rose 13.1 percent to P44.7 billion, the banking giant said in a stock exchange filing on Monday.
Growth drivers, costs
• Net interest income rose 15.3 percent, boosted by a larger asset base and wider margin of 4.49 percent.
• Non-interest income climbed 6.3 percent to P10.3 billion, led by higher credit card and service fees.
• Operating expenses increased 12.7 percent to P20.3 billion, mainly from tech and staffing costs.
• Despite rising costs, BPI improved its cost-to-income ratio to 45.4 percent.
• The bank set aside P3 billion in loan loss provisions, maintaining a non-performing loan ratio of 2.26 percent with full coverage.
Assets at P3.3 trillion
Total assets reached P3.3 trillion, up 6.9 percent year-on-year, while loans climbed 13.2 percent to P2.3 trillion, led by strong demand in consumer lending.
Deposits grew 6.3 percent to P2.6 trillion, bringing the bank’s loan-to-deposit ratio to a healthy 89.4 percent.
BPI’s capital base remains strong, with equity at P448.6 billion and capital ratios well above regulatory minimums.
In March, the bank successfully raised US$800 million in global bonds—its largest ever single issuance—to support expansion, with both tranches listed on the Singapore Exchange.
