BSP reports PHP 40.2 billion net income, up 122%

The Bangko Sentral ng Pilipinas (BSP) reported a significant increase in its net income to PHP 40.2 billion for the first quarter of 2025, marking a 122% rise from the same period last year.

This substantial growth was primarily attributed to foreign exchange gains and reduced operating expenses, with interest earnings increasing by 12.7 percent to PHP 60.4 billion while miscellaneous income activities saw a sharp decline of 51.1 percent to PHP 6.6 billion.

Total revenues dipped slightly to PHP 67 billion due to lower interest income on government securities and Treasury bonds, but expenses decreased by 3.2 percent to PHP 50.8 billion as interest expenses fell and other expenses rose significantly.

The BSP recorded a net gain of PHP 24 billion from foreign exchange fluctuations, nearly seven times higher than the previous year's figure, contributing to stronger finances and financial stability.

Overall assets held by the BSP grew by 2.8 percent to PHP 7.79 trillion while liabilities increased by 1.4 percent to PHP 7.52 trillion, reflecting the central bank's financial prudence and improved fiscal performance.