BPI reports PHP33B net income, plans Singapore office

The Bank of the Philippine Islands (BPI) reported a 7.8 percent increase in net income to PHP33 billion for the first half of 2025, driven by growth in consumer lending and net interest income.

BPI president TG Limcaoco expressed optimism about sustained income growth for the remainder of the year due to strong performance in both corporate and consumer lending.

Despite a slight impact on net interest margins (NIMs) from lower interest rates, Limcaoco remains confident that NIMs will remain stable throughout the year.

BPI plans to open an office in Singapore this year to support its Hong Kong operations after receiving approval from the Monetary Authority of Singapore.

The new office is expected to be inaugurated within the next one or two months.