| THE AYALA WAY

Vol 6 No 38

BPI Posts Net Income of P16.6B for 1Q 2025

BPI reported P16.6 billion in net income for the first quarter of 2025, 9 percent higher than the P15.3 billion earned in the same period last year, and up by 18.3 percent on the sequential quarter. The bank attributed the solid performance to higher revenues, which more than offset the impact of increases in operating expenses and provision for losses. This result translated to a return on equity and return on assets of 15.35 percent and 2.05 percent, respectively.

BPI, led by outgoing board director Dolores Yuvienco, president and CEO TG Limcaoco, chairman Jaime Augusto Zobel de Ayala, board director Cesar Purisima, and corporate secretary Maria Lourdes Gatmaytan, held the first in a weeklong series of stockholders meetings of listed Ayala group companies.

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Marking Milestones in Growth, Inclusion, and Sustainability

Bank of the Philippine Islands showcased its record year of strong financial and operational performance in 2024 during its annual stockholders meeting, highlighting sustained growth as well as advances in financial inclusion and sustainability.

BPI capped off 2024 with its strongest performance to date, marking a pivotal year of transformation, customer growth, and inclusive impact. Revenue soared 23 percent to P170.14 billion and full-year net income reached a record P62.0 billion, up 20 percent year on year, reinforcing its position as one of the country’s most resilient and forward-looking financial institutions.

“Our results demonstrated once again the continued progress we are making to improve value creation for our stakeholders. Not only did we deliver extraordinary results, we also made significant progress on the key priorities outlined in our strategy,” said BPI President and CEO Jose Teodoro “TG” Limcaoco.

This remarkable growth reflects not only the expansion of BPI’s customer base, but also the bank’s unwavering commitment to making financial services more accessible through innovation, inclusion, and a stronger digital presence nationwide.

Said BPI Chairman Jaime Augusto Zobel de Ayala: “Our clients remain at the heart of everything that we do. In 2024, we welcomed over five million new clients, bringing our client base to 16 million, double our client count in 2021, an enormous increase by any measure and a testament not only to the continued trust and confidence of our clients, but also of the reach and scope of our digital platforms."

The bank also maintained for the second consecutive year its top spot in Net Promoter Score among full-scale banks in the Philippines, reflecting robust customer satisfaction.

Read the full disclosures and press statements on the company website or PSE Edge.