PHILIPPINE Savings Bank (PSBank) saw net income in the first half fall by 40 percent to P1.3 billion from P2.16 billion a year earlier as the bank increased loan-loss provisions amid a challenging market environment.
The thrift bank arm of the Metrobank Group said the decline in earnings came despite a two-percent year-on -ear increase in net interest income to P6.7 billion, while total assets grew five percent to P234 billion from P224 billion previously.
PSBank said its loan book was broadly unchanged at P153 billion versus the year before, compared with the 16-percent growth recorded in the first half of 2025.
Home loans from January to June were said to have increased six percent while business loans grew 11 percent.
The bankraised loan provisions by 76 percent to P1.5 billion to strengthen its buffers against emerging risks amid current market conditions.
PSBank’s gross nonperforming loan ratio stood at 4.0 percent at end-June, compared with 3.1 percent a year earlier. The bank's NPL ratio remained below the 6.3-percent ratio for the thrift banking industry.
Meanwhile, total deposits grew four percent to P177 billion from P171 billion, with low-cost current and savings account deposits also increasing by four percent.
PSBank maintained total capital of P46 billion, with a common equity tier 1 ratio of 23 percent and a capital adequacy ratio of 24 percent, both above the Bangko Sentral ng Pilipinas’ minimum regulatory requirements.
“We remain committed to meeting our customers' financing needs while maintaining a disciplined approach to lending,” PSBank President Jose Vicente Alde said.
The bank also enhanced security features on its PSBank Mobile app and waived InstaPay and PESONet transfer fees for online transactions.
Shares of PSBank on Friday dropped P0.15, or 0.28 percent, to close at P52.60 each.]
