Philippine Business Bank (PBB) said its net income rose 3 percent year-on-year to P1.07 billion in the first half of 2025 versus P1.03 billion in the same period last year, with lending to small and medium enterprises (SMEs) still its focus to grow its core business.
PBB President and CEO Roland Avante said the thrift bank’s continued expansion of its core business sustained its growth in the January to June period.
He also said that the interest differential business “showed robust profitability as the bank continued to strengthen client relationships and maintain a healthy interest margin amidst industry competition.”
The thrift bank, owned by businessman Alfredo Yao of food and beverage company Zest-O Corp., said growing its core income and maintaining asset quality is its core strategy. It will also continue to optimize its deposit mix to support long-term growth.
“The rest of 2025 will likely show better earnings for PBB compared to 2024,” Avante said.
He added than in the coming years, “we will continue to explore opportunities in consumer finance and corporate lending while we keep our focus on the SME market.”
The bank posted an interest income of P5.83 billion as of end-June this year, up 12.5 percent from P5.18 billion in end-June 2024, according to its disclosure to the Philippine Stock Exchange.
Meanwhile, its net interest income grew by 10.3 percent to P3.69 billion from a year earlier of P3.35 billion. Core income increased to P1.81 billion.
The bank reported that pre-tax pre-provision profit rose by 11.3 percent to P1.76 billion in the first half of 2025 from P1.58 billion in the same period last year. Profit before tax was at P1.41 billion.
Total loans and receivables reached P119.4 billion as of end-June 2025 while total resources increased by P7.8 billion to P162.2 billion.
On the funding side, PSBank said its deposit liabilities expanded by P7.1 billion to P133.5 billion as of end-June this year.
