BPI earns P66.6 billion in 2025

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February 3, 2026 | 12:00am

MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) closed 2025 with a 7.4 percent increase in net income to P66.62 billion, as strong loan growth and higher fee-based revenues helped offset a sharp rise in provisions and operating costs.

In a disclosure to the local bourse, the listed lender said total revenues went up by 14.8 percent to P195.3 billion in 2025, driven largely by wider margins and an expanding asset base.

“Revenue growth remained strong although income growth was partly tempered by higher provisions and operating expenses, but the bank continued to sustain a positive jaw,” BPI said.

Net interest income rose by 16 percent to P148 billion as the bank’s average asset base grew by 8.5 percent and net interest margin widened by 28 basis points to 4.6 percent.

Non-interest income climbed by 11 percent to P47.2 billion, supported by higher fees from cards, insurance and wealth management alongside trading gains.

Earnings growth, however, was partly weighed down by a steep increase in provisions, which surged by 168.9 percent year on year to P17.8 billion.

BPI said asset quality remained sound, with the non-performing loan ratio at 2.18 percent. The NPL coverage ratio stood at 94.9 percent, while coverage under Bangko Sentral ng Pilipinas Circular 941 reached 122.9 percent.

Operating expenses rose by 9.9 percent to P92.1 billion, reflecting higher manpower costs, technology spending and expenses linked to increased business volumes.

Even so, the bank’s cost-to-income ratio improved to 47.2 percent from a year earlier, as revenue growth outpaced cost increases.

BPI’s loan book expanded by 14.7 percent to P2.6 trillion, supported by broad-based growth across portfolios. Institutional lending rose by 10.4 percent, while non-institutional loans jumped by 25.8 percent, led by business banking, which surged by 79.7 percent.

Credit card loans climbed by 31.9 percent, while personal loans increased by 28.3 percent.

On the balance sheet, total assets grew by 10 percent year on year to P3.7 trillion. Deposits reached P2.8 trillion, up 8.6 percent, with current and savings account deposits amounting to P1.7 trillion.

The bank ended 2025 with total equity of P476.6 billion, up 10.7 percent. Capital levels remained above regulatory thresholds, with an indicative common equity tier 1 ratio of 13.9 percent and a capital adequacy ratio of 14.7 percent.