Operating expenses grew slower than total operating income, improving the cost-efficiency ratio to 48.2 percent from 49.6 percent in 2024.
Growth drivers
• Total loans up 15 percent year on year
• Consumer loans surged 27 percent, corporate loans up 13 percent
• Net interest margin held at 4.51 percent
• Deposits grew 9 percent to P1.06 trillion
• Non-performing loan ratio improved to 4.7 percent from 5.7 percent
Management’s view
“After completing the modernization of our core banking system and ATM switch, we significantly enhanced our customer acquisition efforts and expanded our ability to capitalize on market opportunities,” said PNB president and CEO Edwin Bautista.
“For digital banking, our digital app user base increased by 26 percent, a testament to the growing trust of the Bank’s customers as we continue to enhance and upgrade our digital capabilities,” he added.
PNB also raised P15.7 billion through a dual-tranche three-year and five-year ASEAN sustainability bond issuance under its P50-billion bond and commercial paper program, with the offer more than 5.2 times oversubscribed.
Other revenues
“Fee-generating businesses including deposits, loans, credit cards, trust operations, and bancassurance, and other non-interest earnings provided solid support to the bank’s performance for 2025, which is a reflection of the Bank’s strengthened vigor towards expanding its revenue capabilities,” said PNB chief financial officer Francis Albalate.
“Together, these gains underscore PNB’s expanding franchise and the growing confidence of our customers across all segments,” he added.
—Edited by Miguel R. Camus
