PNB bottom line up 23% in 9M 2025

The Philippine National Bank (PNB) on Monday reported a 23% growth in its consolidated net income for the first nine months of the year, as the bank saw double-digit growth in its investments securities and fee-based income during the period.

PNB said its consolidated net income rose to P18.5 billion, as total revenue grew by 8%. Its loans expanded by 9%, and fee based income contributed by another 18%. Other income rose 4%, amid the disposal of acquired assets and foreign exchange gains.

“The bank is now harvesting the benefits from focusing on the improvement in the quality of the lending portfolio through deliberate acquisition of quality customers and improvements in the credit and lending processes and policies,” PNB chief financial officer Francis Albalate said in an emailed statement.

Operating expenses climbed 9%, while provisions for impairment and credit losses dropped by 87% following a drop in non-performing loans and the improvement in the credit quality of the bank’s portfolio.

“We expect steady business growth with a strong plan in place to grow corporate, commercial, and consumer businesses,” PNB president Edwin Bautista said.

“The bank’s plan for digitalization will further expand opportunities across all areas of the business as the bank prepares itself for advancing innovations that will prioritize improving service to the bank’s customers,” he added.

PNB ended September 2025 with P1.25 trillion in total assets, and P1.02 trillion in total liabilities. — Jon Viktor D. Cabuenas/RSJ, GMA Integrated News