PNB H1 2025 net income up 22%
PNB said its consolidated net income stood at P12.5 billion in the first half, as net interest income grew 7% to P25.8 billion with loans up 5% and investment securities by 10%. Deposit transactions, credit cards, and PNB's bancassurance business brought net service fees and commission income up 8% to P2.8 billion.
Gains from trading securities and foreign exchange operations rose 64% to P1.4 billion, while operating expenses increased by 9% as revenue growth translated to higher business taxes and other business-related expenses.
"The double-digit growth in profitability is a clear indication that the various strategic initiatives that were put in place are gaining traction," PNB President and Chief Executive Officer Edwin Bautista said in an emailed statement.
"We are excited to unlock new revenue streams to boost our net income as we continue to explore the use of technology, including data science and AI, in our businesses as well as force strategic alliances with partners that will add value to our products and services," he added.
PNB ended the first half with P1.29-trillion worth of assets, while deposit liabilities breached the P1-trillion mark made up mainly of low-cost CASA (current accounts and savings accounts) for the first time.
Shares in PNB were last trading at P67.50 apiece, up by P4.70 or 7.48% from last Friday's finish of P62.80 per share. — VDV, GMA Integrated News
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