Net income rose 22 percent year-on-year to P12.5 billion for the first six months, with second-quarter earnings jumping 29 percent to P6.4 billion. Net interest income grew 7 percent to P25.8 billion, fueled by 5 percent growth in loans and a 10 percent rise in investment securities.
Service fees and commissions increased 8 percent to P2.8 billion, driven by deposits, credit cards, and bancassurance as the bank expanded cross-selling.
Trading and foreign exchange gains surged 64 percent to P1.4 billion, adding to core income momentum.
PNB’s total assets hit P1.29 trillion as of June 30, 2025, while deposit liabilities crossed P1 trillion for the first time, supported largely by low-cost current and savings account deposits.
Management’s view
PNB president and CEO Edwin Bautista said, “We are heartened by the Bank’s positive financial results for the first half of 2025. The double-digit growth in profitability is a clear indication that the various strategic initiatives that were put in place are gaining traction.
“We are excited to unlock new revenue streams to boost our net income as we continue to explore the use of technology, including data science and AI, in our businesses as well as forge strategic alliances with partners that will add value to our products and services,” he added.
—Edited by Miguel R. Camus
