The bank’s loan portfolio climbed 16 percent year-on-year to ₱153 billion as of June, supported by stable demand across both consumer and small and medium enterprise (SME) lending segments.
Core revenues, composed of net interest income and service fees and commissions, rose 7 percent to ₱7.47 billion. Operating expenses fell 2 percent to ₱4.54 billion, pushing pre-provision operating profit up 6 percent to ₱3.35 billion.
Credit provisions were higher during the period due to a one-time adjustment in the bank’s Expected Credit Loss model in 2024. Despite the larger loan book, PSBank maintained a gross non-performing loan (NPL) ratio of 3.1 percent, lower than the 3.4 percent industry average as of May.
Total resources reached ₱224 billion by mid-2025, with total deposits at ₱171 billion. Total capital improved to ₱46 billion, while capital adequacy and Common Equity Tier 1 ratios stood at 24.6 percent and 23.5 percent, respectively — both well above regulatory requirements and among the highest in the industry.
“As we enter the second half of the year, we remain committed to meeting our customers’ evolving needs by delivering innovative financial solutions in an increasingly competitive market,” PSBank president Jose Vicente Alde said.
Philippine Rating Services Corp. recently assigned PSBank the highest Issuer credit rating of PRS Aaa with a stable outlook, citing the bank’s strong market position, capitalization, and asset quality, as well as support from its parent bank.
PSBank also wrapped up its latest bond offering ahead of schedule after orders exceeded six times the initial offer size within one day.
Proceeds will fund expansion initiatives and diversify funding sources through long-term financing. —Ed: Corrie S. Narisma
