Management’s view
“Our strategic direction is clear—we are committed to scaling our consumer banking business, deepening customer relationships, and accelerating digital transformation,” said EastWest CEO Jerry G. Ngo.
“With a strong foundation, robust capital position, and market-leading margins, we are well-positioned to capitalize on growth opportunities,” he added.
Stronger net income, revenues
In the fourth quarter alone, profit surged 47 percent year-on-year, reflecting the bank’s strengthened revenue base.
• Net interest income rose 19 percent to P33.5 billion, fueled by 16 percent loan growth, with consumer loans making up 82 percent of total lending—the highest among peers.
• Deposits increased 8 percent to P385.4 billion, with an industry-leading current and savings account ratio of 81 percent.
• Non-interest income climbed 20 percent to P8.9 billion, pushing total revenues up 19 percent to P42.4 billion.
Total assets surpassed P500 billion, growing 13 percent to P523.7 billion, while operating expenses increased 16 percent—a slower pace than revenue growth—leading to a lower cost-to-income ratio of 55.3 percent.
Capital ratios remained solid, with capital adequacy ratio at 13.4 percent and common equity tier 1 ratio at 12.7 percent, ensuring strong financial stability.
