Rural Bank of Sta. Rosa income nearly doubles to P151.1 million

Rural Bank of Sta. Rosa (Laguna), Inc., a subsidiary of Salmon Group Ltd., nearly doubled its net income to P151.1 million in the first half of 2025, an 83 percent increase from P82.5 million in the same period last year.

This profitability surge is attributed to successful digital transformation, expanded consumer lending, and efficient operations, according to Salmon co-founder and chairman Raffy Montemayor.

The bank's consumer lending portfolio expanded by approximately 45%, reaching P1.32 billion by the end of June, up from P908.7 million at the close of 2024.

Total deposits surged by 63 percent to P952.8 million as of end-June from P584.3 million at the close of 2024, driven by high-yielding deposit products.

Equity ballooned by 2.7 times to P706.9 million from P260.8 million, as the bank continued to inject capital to support growth.

The bank posted industry-beating returns, with return on equity hitting 58.9 percent and return on assets at 24.9 percent, significantly exceeding the rural banking sector averages.