PH banks' profits rise 11% in Q1

The Philippine banking industry reported a combined net profit of P101.9 billion in the first three months of 2025, up 10.6 percent from P92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management.

- BY DERCO ROSAL

Data from the Bangko Sentral ng Pilipinas (BSP) released on Monday, May 19, showed that banks' cumulative net interest income rose by 11.6 percent to P276.2 billion as of end-March this year, up from P247.4 billion in the same period in 2024.

This income represents the gap between interest earned and the total of provisions for losses on accrued interest from financial assets, along with interest expenses.