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PNB Q1 earnings up 15% on growth of loan portfolio
Philippine National Bank (PNB) reported a 15 percent increase in its consolidated net income for the first quarter of 2025, reaching ₱6.1 billion.
This profit growth was primarily driven by the expansion in the bank's loan portfolio, improved loan quality, and increased trading and foreign exchange gains.
PNB's core income rose by 10 percent year-on-year to ₱14.1 billion.
PNB President Florido Casuela highlighted the strength of PNB's wholesale and retail businesses as a key factor in the positive financial results.
Other income surged by 58 percent to P1.9 billion due to gains from trading and foreign exchange transactions.
Operating expenses jumped by a tenth to P8.1 billion on growth in the consumer business segment.
A 55-percent decline in expenses for bad loans to P277 million also contributed to profitability.
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