PSBank posts ₱1.3-B net income in 1st half

Philippine Savings Bank (PSBank) posted net income of ₱1.3 billion in the first half of 2026 as core revenues remained resilient despite challenging market conditions.

Net interest income rose 2 percent year-on-year to ₱6.7 billion, while total assets expanded 5 percent to ₱234 billion as of June 30, 2026.

Total gross loans edged higher to ₱153 billion, supported by continued demand for home and business financing. Home loans grew 6 percent, while business loans increased 11 percent from the same period last year.

Total deposits reached ₱177 billion, up 4 percent year-on-year, with low-cost current and savings account (CASA) deposits also growing 4 percent.

PSBank attributed the deposit growth to its continued efforts to expand its funding base through its nationwide branch network and digital channels.

The bank maintained a strong capital position, with total capital reaching ₱46 billion. Its Common Equity Tier 1 (CET1) ratio stood at 23 percent, while its Capital Adequacy Ratio (CAR) was 24 percent.

Both ratios remained well above the Bangko Sentral ng Pilipinas’ minimum regulatory requirements and among the highest in the Philippine banking industry.

PSBank set aside ₱1.5 billion in loan provisions, 76 percent higher than a year earlier, to strengthen its buffers against emerging risks amid prevailing market conditions.

As of end-June, the bank’s gross non-performing loan (NPL) ratio stood at 4.0 percent, below the latest 6.3-percent ratio for the thrift banking industry.

“We remain committed to meeting our customers’ financing needs while maintaining a disciplined approach to lending,” said PSBank President Jose Vicente L. Alde.

The bank also enhanced its PSBank Mobile platform with additional security features designed to give customers greater control and protection over their accounts.

It likewise waived InstaPay and PESONet transfer fees, making digital fund transfers more convenient and affordable for customers.