PSBank earns ₱1.3-B in first-half 2026

Philippine Savings Bank (PSBank) posted a net income of ₱1.3 billion in the first half of 2026, as resilient core revenues and continued growth in loans and deposits helped sustain the bank’s performance despite challenging market conditions.

Net interest income rose 2 percent year-on-year to ₱6.7 billion, while total assets reached ₱234 billion as of end-June, up 5 percent from the same period last year.

Gross loans edged higher to ₱153 billion, supported by stronger demand for home and business financing. Home loans grew 6 percent year-on-year, while business loans increased 11 percent.

Total deposits also expanded 4 percent to ₱177 billion, with low-cost current and savings account (CASA) deposits posting a similar 4-percent increase.

PSBank attributed the growth in deposits to its continued efforts to broaden its customer base through its nationwide branch network and digital banking channels.

The bank maintained a strong capital position at ₱46 billion, with a Common Equity Tier 1 (CET1) ratio of 23 percent and a Capital Adequacy Ratio (CAR) of 24 percent.

Both capital ratios remained well above the minimum requirements set by the Bangko Sentral ng Pilipinas and ranked among the stronger levels in the Philippine banking industry.

PSBank, however, increased its loan-loss provisions by 76 percent to ₱1.5 billion during the period as it strengthened financial buffers against potential risks arising from prevailing market conditions.

Despite the higher provisions, the bank’s gross non-performing loan ratio stood at 4 percent at the end of June, lower than the latest 6.3-percent average for the thrift banking sector.

PSBank President Jose Vicente L. Alde said the bank remains focused on meeting customers’ financing requirements while maintaining prudent lending standards.

Alongside its financial performance, PSBank continued to enhance its digital services. The bank added security features to the PSBank Mobile app to give customers greater control over their accounts and strengthen protection against unauthorized transactions.

PSBank also waived InstaPay and PESONet transfer fees, making digital fund transfers more affordable for customers as the bank expands its mobile and digital banking services.