, Philippines

BPI’s net income up 9% to PHP16.6b in Q1

The Philippine-based bank reported higher non-interest income and total revenue.

The Bank of the Philippine Islands (BPI) has reported $293.27m (PHP16.6b) in net income for the first quarter of 2025, a 9% year-on-year (YoY) increase.

Net income is also 18.3% higher compared to Q4 2024, according to a bourse filing.

BPI attributed its higher net income to higher revenues, which offset higher operating expenses and provisions.

Return on equity and return of assets for Q1 are 15.3% and 2.05%, respectively.

Total revenue for Q1 is $789.7m (PHP44.7b), 13.3% YoY higher on the back of net interest income growing by 15.3%.

Non-interest income rose 6.3% YoY to $181.97m (PHP10.3b) on higher credit card fees and transaction-based service charges.

The nonperforming loan (NPL) ratio stood at 2.26%, with the NPL coverage ratio at 100.11%, according to BPI.

Provisions were PHP3b as of Q1. 

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