Inquirer
PSBank nets P1.21B in Q1, driven by consumer lending
Philippine Savings Bank (PSBank) anticipates continued strong growth in consumer loans due to a favorable economic climate.
The bank's net income for the first quarter of 2025 reached ₱1.21 billion, a slight increase from the previous year, supported by robust lending and cost control.
Core revenues saw a nine percent rise to ₱3.81 billion, driven by net interest income, service fees, and commissions.
PSBank's total gross loans increased by 19 percent year-on-year to ₱152 billion by March 2025, primarily due to expansions in auto, mortgage, and SME loans.
The bank's gross non-performing loans (NPL) ratio improved to 2.6 percent, indicating healthy asset quality.
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