October 28, 2025 | 12:00am
MANILA, Philippines — Philippine National Bank (PNB) of taipan Lucio Tan posted a 23-percent increase in its consolidated net income to P18.5 billion from January to September, driven by growth in loans, investments and fee-based income.
In a statement, PNB said total revenues expanded by eight percent during the nine-month period, supported by the nine-percent rise in loans and a 13-percent growth in investment securities.
Fee-based income also contributed an 18-percent increase, while other income climbed by four percent, aided by asset disposals and foreign exchange gains.
Operating expenses grew by nine percent year-on-year, in line with the bank’s business expansion and higher transaction volumes.
Despite the increase in costs, provisions for impairment and credit losses dropped by a significant 87 percent due to improved credit quality and a decline in non-performing loans.
PNB chief financial officer Francis Albalate said the bank is now reaping the rewards of its strategic efforts to strengthen its lending operations.
“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,” Albalate said.
As of end-September, PNB’s total assets stood at P1.25 trillion, while total liabilities reached P1.02 trillion. The bank’s capital also grew by eight percent compared to December 2024.
PNB president Edwin Bautista expressed optimism about the bank’s growth prospects, highlighting the ongoing digitization initiatives.
“We expect steady business growth with a strong plan in place to grow corporate, commercial and consumer businesses. 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,” Bautista said.
Meanwhile, PNB’s investment banking arm, PNB Capital, received industry recognition for its achievements in sustainable finance. It won the “Renewable Energy Deal of the Year–Solar” and “Renewable Energy Deal of the Year–Rooftop Solar” awards.
Euromoney has named PNB as the best bank for investment research in the Philippines during its Private Banking Awards, marking the lender’s fifth consecutive win since 2021.
