Philippine Business Bank’s net income at $18.75m in H1 2025

The bank will continue to focus on the SME market as its core strategy.

Philippine Business Bank reported a net income of $18.75m (PHP1.065b) in the first six months of 2025, according to its latest bourse filing.

PBB president and CEO Roland Avante attributed this to the “continued expansion of the bank’s core business.”

“The bank’s focus on serving the SME market, while growing core income and maintaining asset quality, remains to be PBB’s core strategy. The bank will also continue to optimize its deposit mix to support long-term growth,” Avante said in the announcement.

Interest income rose 12.5% to $102.2m (PHP5.832b) as of June 2025. Net interest income also increased by 10.3% to $64.66m (PHP3.69b).

Total loans and receivables were $2.09b (PHP119.4b) as of June 2025.

PBB’s net interest margin improved by 16 basis points (bps) to 4.68%.

Loan loss provisions reached $6.13m (PHP350m) in H1 2025, about $2.63m (PHP150m) higher than the same period in 2024. Nonperforming loan (NPL) cover is at 104%.

(US$1 = PHP 57.06; as of 11 August 2025, Google, from Morningstar)