Philstar
BPI Q1 profit: P16.6-B (up 9% y/y)
Ayala-led Bank of the Philippine Islands (BPI) reported a nine percent year-on-year increase in net income to P16.6 billion for the first quarter of 2025.
This improved profitability was driven by sustained loan growth, solid margins, and disciplined cost management.
The bank's revenues saw a 13.1 percent increase to P44.7 billion, with net interest income rising by 15.3 percent and noninterest income jumping by 6.3 percent.
BPI president and CEO Jose Teodoro Limcaoco expressed optimism about exceeding 2024 record earnings.
The bank's gross loans expanded by 13.2 percent to P2.3 trillion, although the nonperforming loans ratio rose to 2.26 percent.
BPI's total assets reached P3.3 trillion as of end-March, a 6.9 percent increase.
Operating expenses increased by 12.7% to P20.3 billion due to spending on manpower, technology, and business volume-related expenses.
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