PSBank’s net income at $37.85m in H1 on loan book growth

Core revenues rose 7%, and operating expenses declined by 2%.

Philippine Savings Bank (PSBank) has registered a net income of $37.85m (PHP2.16b) in the first six months of 2025.

The thrift banking arm of Metrobank Group credited its income to the “steady growth of its core businesses and continuous efforts to reduce operational costs.”

Its loan book grew 16% year-on-year to $2.68b (PHP153b) as of June 2025, according to its financial results filed at the Philippine Stock Exchange (PSE).

Core revenues, consisting of net interest income and services fees and commissions, rose by 7% YoY to $130.89m (PHP7.47b).

Operating expenses decreased by 2% YoY to $78.55m (PHP4.54b). Pre-provision operating profit rose 6% to $58.7m (PHP3.35b).

Common Equity Tier 1 (CET1) ratio is at 23.5%, well above the regulatory minimum set by the Philippine central bank.

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