DIGITAL-FOCUSED rural lender Salmon Bank Inc. said its deposits nearly tripled in 2025, helping strengthen its balance sheet to end the year with total assets of P4.4 billion.
In a statement late Thursday, the bank said deposits increased 2.8 times year on year, supporting a 2.5-fold expansion in its retail loan portfolio, mainly from small-ticket consumer lending.
Gross revenues doubled during the period, and the bank sustained profitability with a net interest margin of 40 percent, exceeding industry averages for rural, thrift and digital banks.
Asset quality remained stable despite rapid growth with the gross nonperforming loan ratio at 2 percent, below Bangko Sentral ng Pilipinas thresholds.
The bank also reported that its customer base doubled in 2025, reflecting increased uptake of its digital banking services.
“Our 2025 results reflect growing customer confidence, strong business performance and our commitment to responsible banking,” said Raffy Montemayor, Salmon co-founder and chairman.
Early this month, the bank said that it had increased its equity capital to P1.6 billion after securing a P400-million injection from its controlling shareholder, Salmon Group Ltd.
The bank said the additional investment, expected to be completed around end-March or by April, would raise total stockholders’ equity from P1.2 billion to P1.6 billion on a pro forma basis.
Salmon Bank said the additional capital would provide headroom to grow its lending operations and expand its product offerings.
The bank funds its lending through time deposits, offering rates of up to 6 percent per year for placements starting at P5,000 and as high as 8 percent for deposits of at least P1 million.