The Bank of the Philippine Islands (BPI) announced that it made P32.8 billion in profit during the first six months of 2026, according to their press release dated July 15, 2026. This is slightly lower—by 0.4%—compared to the P33 billion they earned during the same time last year.

Understanding BPI’s Earnings Report

To put it simply, even though BPI made a tiny bit less money than last year, the bank is still doing well. They earned more from their main businesses, but they also had to spend more money on operations and set aside more funds for potential loan problems.

BPI gave back money to its shareholders by paying P2.58 per share in cash dividends in June 2026, which is 24% more than what they gave the previous year. This means the bank is sharing its success with people who own BPI shares.

How BPI Made Its Money

BPI’s total revenues (the money coming into the bank) reached P104 billion in the first half of 2026, growing by 12.4% compared to last year. Think of it like a store that sold 12.4% more items than the previous year.

The bank makes money in two main ways:

• Interest Income: This is the money BPI earns when it lends money to people and businesses (like when you borrow money, you pay back more than you borrowed—that extra is interest). This grew by 12.5%.
• Non-Interest Income: This comes from fees for services like credit cards, investment advice, insurance, and wealth management. This income grew to P24 billion, up 12.1% from last year.

Where Did the Money Go?

BPI spent P48.6 billion on operating expenses, which increased by 13.8% from last year. This money went to paying employees, improving technology systems, and handling more business transactions. For every P100 the bank earned, it spent P46.80 to run the business.

The bank also set aside P13.3 billion as provisions—money kept safe in case some borrowers can’t pay back their loans. This amount increased by 84% from last year because the economic situation became more uncertain, and BPI wants to be prepared for potential problems.

BPI’s Overall Financial Health

According to the press release, BPI now has total assets (everything the bank owns) worth P3.7 trillion, growing 9.6% from last year. The bank’s loans to customers grew to P2.7 trillion (up 12.4%), which means more people and businesses are borrowing from BPI.

Particularly impressive growth came from:

• Small and Medium Enterprises (SME) loans: up 74.5%
• Credit Cards: up 28.9%
• Personal Loans: up 21.4%

Customer deposits (money people keep in the bank) grew to P2.8 trillion, up 9.2% from last year. The bank’s capital strength remains solid with a Common Equity Tier 1 Ratio of 14.0% and Capital Adequacy Ratio of 14.8%—both well above what regulators require, meaning BPI has plenty of cushion to protect depositors’ money.

New Services and Achievements

According to the announcement, BPI became the first Philippine bank to permanently remove fees for InstaPay and PESONet transfers when sending money between banks using their digital platforms. This makes it free for customers to transfer money to other banks.

BPI Wealth introduced new investment funds that let Filipinos invest in international markets with just P1,000, without needing to buy US dollars or open foreign accounts. The bank also became the country’s largest trust institution by assets under management in the first quarter, based on data from the Bangko Sentral ng Pilipinas.

BPI reached an environmental milestone with 100 branches now fully powered by clean energy. The bank also expanded its agency banking network to over 7,000 partner stores, with more than 1,300 locations offering cash deposit and withdrawal services—an increase of over 500 partner stores since December last year.

About BPI

BPI is 174 years old and is the first bank established in the Philippines and Southeast Asia. It’s licensed as a universal bank by the Bangko Sentral ng Pilipinas and offers various financial services including deposits, loans, wealth management, insurance, and investment banking. The bank holds investment-grade ratings of BBB+ from S&P and Baa2 from Moody’s, which indicates it’s considered a safe and reliable institution.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.