BPI reports PHP48.9 billion nine-month net income

Bank of the Philippine Islands reported a net income of PHP 48.9 billion for the first nine months of 2026. In a BPI company release dated October 21, the Philippine bank said loan growth, fee-based revenue and activity across its main segments supported the result.

Loan Growth Faces Credit Costs

Total revenue rose 9.8 percent year on year to PHP 156.3 billion, while net interest income increased 11.0 percent to PHP 121.1 billion. Non-interest income reached PHP 35.2 billion, helped by a 15.5 percent increase in fee income from credit cards, wealth management and insurance.

Operating expenses climbed 12.5 percent to PHP 73.7 billion, lifting the cost-to-income ratio to 47.1 percent. Provisions rose 69.2 percent to PHP 19.9 billion, while the non-performing loan ratio increased quarter on quarter to 2.50 percent. The non-performing loan coverage ratio stood at 89.6 percent.

Total loans expanded 13.6 percent year on year to PHP 2.7 trillion, led by growth in small and medium-sized enterprise loans, credit cards and personal loans. Deposits grew 11.0 percent to PHP 3.0 trillion, and BPI reported an indicative common equity tier 1 ratio of 13.9 percent.

Merger Expands Microfinance Reach

The merger of BPI Direct BanKo and Legazpi Savings Bank took effect on October 1, with BanKo as the surviving entity. BPI said the transaction is intended to deepen its presence in microfinance and teachers' loans while improving capital efficiency and operational resilience.

Philippine Banking Platform

BPI is a universal bank based in Makati City, Philippines. Its operations cover lending, deposits, payments, credit cards, wealth management, insurance and services for small and medium-sized enterprises. The bank serves retail, business and institutional customers across the Philippine market.