In 2024, the Bank delivered another year of solid performance with record full year net income of Php 62.0 billion, up 20% year-on-year, driven by revenues which was partly offset by higher operating expense and provisions.

Total assets stood at Php 3.3 trillion, up 14.9% year-on-year. Total loans stood at Php 2.3 trillion, a 18.2% increase over the previous year, inclusive of the portfolio acquired from the merger with Robinsons Bank Corporation, while Total deposits stood at Php 2.6 trillion, up 13.9% year-on-year.

Asset quality remains robust with NPL ratio was at 2.13%, with the NPL coverage ratio at 106.2% as of the end of the year.

Financial Operating Highlights

 

 Consolidated 
 20232024Change
BALANCE SHEET (in Php mn)  YoY
Assets2,888,3723,318,81314.90%
Liquid Assets1,198,5981,553,22929.59%
Treasury Securities625,019658,6185.38%
Gross Loans1,935,3392,287,04718.17%
Net Loans1,882,0072,238,76518.96%
Deposits2,295,1062,614,80213.93%
Equity (1)357,204430,46920.51%
INCOME STATEMENT (in Php mn)
Net Interest Income104,350127,58622.27%
Non-Interest Income33,97142,55325.26%
Net Revenues138,321170,13923.00%
Operating Expenses69,11083,79621.25%
Pre-provision Profit69,21186,34224.75%
Impairment Losses4,0006,60065.00%
Net Income (1)51,68762,04920.05%
FINANCIAL PERFORMANCE INDICATORS
ProfitabilityIn bps
Return on Equity15.35%15.07%-28
Return on Assets1.93%1.98%5
Margins and Liquidity
Net Interest Margin4.09%4.31%22
Net Loans to Deposit Ratio82.00%85.62%362
Cost Efficiency
Cost to Income Ratio49.96%49.25%-71
Cost to Average Assets Ratio2.58%2.67%10
Asset Quality
NPL Ratio (2)1.84%2.13%29
NPL Cover156.08%106.22%-4,986
Capital and Leverage
Tier 1 Ratio15.29%13.79%-150
CET 1 Ratio15.29%13.79%-150
Capital Adequacy Ratio16.18%14.49%-169
Leverage Ratio10.95%10.75%-20
DISTRIBUTION NETWORK AND MANPOWERYoY
Branches/International Offices1,1891,26677
ATMs2,0862,581495
Employees19,52222,6033,081
   Officers7,6599,0841,425
   Staff11,86313,5191,656
SHAREHOLDER INFORMATIONYoY
Market Value
Share Price10412217.53%
Market Capitalization (in Php mn)513,311643,19625.30%
Valuation
EPS, Basic and Diluted10.9011.788.10%
Book Value per Share72.2381.6513.04%
Price-Earnings Ratio9.9310.374.38%
Price to Book Value1.441.493.98%
Dividends
Cash Dividends Paid to Common Shareholders (in Php mn)15,93320,87831.03%
Cash Dividends per Common
Share
3.363.9617.86%
(1) Attributable to equity holders of BPI
(2) Based on BSP circular 941
View our Historical Financial Operating Highlights
Related information

Investor Presentations

Information on the company is shared regularly with the investing public.

Financial Statements

The BPI management is responsible for the preparation of the financial statements.

Integrated Reports

Comprehensive accounts on the key strategies and results of the company’s activities.
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