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Tag: PSBank

  • Quick Takes: PSBank Nets PhP 2.16 Billion in First Half of 2025

    Quick Takes: PSBank Nets PhP 2.16 Billion in First Half of 2025

    Exterior view of PSBank building under a bright blue sky with sunlight shining.

    PSBank, the thrift banking arm of the Metrobank Group, recorded a net income of PhP 2.16 billion in the first half of 2025.

    The growth was fueled by steady performance in core businesses and continued measures to cut operational expenses.

    Its loan book expanded by 16 percent year-on-year to PhP 153 billion as of June 2025, driven by stable demand from both consumer and SME lending segments.

    Core revenues, composed of net interest income and service fees and commissions, rose 7 percent year-on-year to PhP 7.47 billion.

    Operating expenses declined by 2 percent to PhP 4.54 billion, supporting the bank’s profitability.

    Pre-provision operating profit increased by 6 percent to PhP 3.35 billion.

    Credit provisions were higher this year following a one-time adjustment in the Expected Credit Loss model in 2024.

    The gross non-performing loan ratio stood at 3.1 percent, below the industry average of 3.4 percent as of May 2025.

    Total resources climbed to PhP 224 billion, while total deposits reached PhP 171 billion by mid-2025.

    Total capital improved to PhP 46 billion, with a capital adequacy ratio of 24.6 percent and a Common Equity Tier 1 ratio of 23.5 percent, both exceeding regulatory requirements and ranking among the highest in the industry.

    “As we enter the second half of the year, we remain committed to meeting our customers’ evolving needs by delivering innovative financial solutions in an increasingly competitive market,” said PSBank President Jose Vicente Alde.

    PhilRatings recently awarded PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook, recognizing its strong capitalization, sound asset quality, solid market position, experienced leadership and the backing of its parent bank.

    The bank’s bond offering period closed earlier than scheduled after orders exceeded six times the initial offer size within one day.

    Proceeds from the issuance will provide long-term funding to support the bank’s expansion plans and diversify its funding sources.

    PSBank’s first-half performance underscores its ability to balance growth with prudent risk management while maintaining strong capital buffers.

  • Because Your Wallet Deserves a Midlife Crisis Too: PSBank Flexi Lets You Borrow Up to ₱250K Instantly

    Because Your Wallet Deserves a Midlife Crisis Too: PSBank Flexi Lets You Borrow Up to ₱250K Instantly

    PSBank offers a Flexi Personal Loan that lets you borrow up to ₱250,000 for emergencies like home repairs, tuition, or medical bills.

    Customers can choose between a revolving credit line or a fixed-term loan payable in 24 or 36 months.

    The loan includes a free ATM card for 24/7 access via Mastercard-affiliated ATMs worldwide.

    Payments can be made through PSBank Mobile, PSBank Online, branches, 7-Eleven stores, BancNet, InstaPay, and online billers.

    Borrowers can manage their accounts and monitor transactions in real time using the PSBank Mobile App.

    The Prime Rebate program rewards early or excess payments by reducing interest on fixed-term loans.

    A loan calculator and pre-qualification checklist are available on PSBank’s website for quick assessment.

    Applications are accepted online or at any PSBank branch.

  • Three Simple Ways to Boost Your Business Efficiency 

    Three Simple Ways to Boost Your Business Efficiency 

    Whether you’re a seasoned entrepreneur or just starting out, managing and growing a business is not easy. 

    From overseeing payroll to ensuring bills, suppliers, and client payments are settled on time, managing these responsibilities can quickly become overwhelming.

    Without the right tools or support, it’s easy to fall into operational pitfalls that slow your business down. To help you stay on top of your game, here are three ways to optimize your business operations with help of the right banking partner like PSBank. 

    1. Simplify Payroll: Manage It Online, Not Manually

    No matter the size of your workforce, manually processing payroll twice a month can be both time-consuming and prone to errors. It’s a critical responsibility that adds to the already demanding load business owners carry.

    With PSBank, payroll doesn’t have to be a hassle. Opening a Corporate Account gives you free access to Business Online Buddy (BOB), a platform designed to simplify business transactions for business owners.

    Through PSBank’s BOB, business owners can disburse salaries directly to PSBank Payroll Accounts in just a few clicks.  It’s a faster, safer, and more accurate way to handle payroll to give you and your team one less thing to worry about.

    2. Stay On Track: Automate Your Payments

    Day-to-day operations often involve making sure utilities, rent, and supplier payments are settled on time. But with so much to manage, it’s easy for dues to slip through the cracks—resulting in late fees and operational hiccups.

    Stay on top of payments with PSBank’s BOB. You can set up Auto-Credit Arrangements and access a wide network of accredited billers. Whether it’s utility bills, rent, or recurring supplier payments, everything can be handled online to make sure that payments are on time every time. You can even schedule recurring payments, disburse bulk payouts to vendors, or collect payments from clients, reducing manual errors and minimizing delays.

    3. Stay on Top of Cash Flow: Track Your Finances Anytime, Anywhere

    Staying on top of business finances requires clear visibility and secure management. Without consolidated tracking, it’s easy to lose sight of your cash flow or mismanage business funds. 

    You can avoid this by monitoring accounts in real time and have access to up to three months’ worth of transaction history with PSBank’s BOB. For added security, PSBank’s BOB offers multi-step authorization and user access management, allowing role-based permissions for team members. This means full control over who can view and manage specific financial tasks—ensuring transparency and accountability. 

    Your Maaasahang Buddy for Growth

    Grow your business by streamlining financial processes with PSBank. You can open a PSBank Corporate Account at your nearest branch to get started. Access to PSBank’s Business Online Buddy (BOB) is free for all PSBank Corporate Accountholders. Learn more at http://www.psbank.com.ph.

  • Is PSBank’s 64-Year Legacy of Simplicity Enough to Keep Up with Modern Banking Demands?

    Is PSBank’s 64-Year Legacy of Simplicity Enough to Keep Up with Modern Banking Demands?

    Philippine Savings Bank (PSBank) proudly commemorates its 64th anniversary, reaffirming its commitment to empowering Filipinos in their financial journeys.

    With a focus on simplicity and reliability, PSBank has consistently provided innovative banking solutions tailored to the needs of its customers.

    The bank’s impressive financial performance is underscored by a record net income of PhP 4.53 billion in 2023, reflecting a remarkable 23% growth from the previous year.

    In the first half of 2024, PSBank continued this upward trajectory, achieving a net income of PhP 2.56 billion.

    As the leading thrift bank in the Philippines, PSBank has solidified its dominance in the consumer banking sector, particularly in auto loans.

    The bank has streamlined its loan approval process, ensuring quick access to financing for homebuyers and vehicle owners alike.

    By June 2024, PSBank’s gross loan portfolio reached PhP 132 billion, driven largely by a robust demand for auto loans.

    In addition to traditional banking services, PSBank embraces digital innovation through its mobile app, enabling seamless transactions anytime and anywhere.

    Recent enhancements include QR code payments and cardless withdrawals, reflecting the bank’s dedication to a cashless society.

    PSBank’s “Ito Simple” campaign encapsulates its mission to simplify banking for all Filipinos, providing straightforward solutions to everyday financial challenges.

    For more information on PSBank’s products and services, visit psbank.com.ph or follow PSBank on Facebook, Instagram, and TikTok.

  • Major bank upgrades security measures of mobile app

    Major bank upgrades security measures of mobile app

    Digital transactions in the Philippines have surged, with the Bangko Sentral ng Pilipinas (BSP) reporting an increase from 42.1% in 2022 to 52.8% in 2023.

    This growth surpasses the BSP’s goal of achieving 50% digital payment volume as part of its Digital Payments Transformation Roadmap.

    The rise in mobile apps and online banking has made cashless payments increasingly popular, leading to a decline in cash usage from 96% to 87%.

    However, the shift to digital banking introduces security challenges, including risks of identity theft and phishing scams.

    To enhance security, banks are adopting measures like two-factor authentication and biometric verification.

    Philippine Savings Bank (PSBank) is strengthening user control, allowing clients to lock account access on unfamiliar platforms.

    The upgraded PSBank Mobile app offers a user-friendly interface, enabling easy account management and access to services.

    PSBank aims to promote financial inclusion by simplifying account opening, requiring only a valid ID and selfie for new users.

    For more information on PSBank’s products and services, visit psbank.com.ph or follow PSBank on Facebook and Instagram.

  • Balancing “Healing your Inner Child” and Securing your Finances

    Balancing “Healing your Inner Child” and Securing your Finances

    Amidst the hustle and bustle of today’s fast-paced world, celebrating small wins has become the cultural staple. Whether it’s that much-needed coffee reward or a spontaneous online shopping spree, these moments of instant gratification fuel us, providing a thrill after a long, tiring day.

    While the mantra of “healing your inner child” became the recent mindset of many, rewarding one’s self of items and experiences that they were deprived of when they were younger is as important as establishing a strong financial foundation. People at the beginning of their career should learn how to find the balance for both.

    Splurging feels good, but having a secured financial future is even better! This Savings Consciousness Week, let’s discover why saving and building wealth are game-changers, and explore smart practices for achieving financial security:

    1. Financial Security for Peace of Mind

    Imagine battling life’s curveballs stress-free by handling all those unexpected bills like a pro. Building a savings cushion isn’t just a backup plan—it’s your ticket to peace of mind! Consider budgeting with a Personal Savings Account to track expenses and prioritize spending, covering both needs and wants while enjoying life’s indulgences securely.

    1. Seize Life’s Opportunities

    Good financial habits let you pursue goals without worrying about financial constraints. Travel, education, that dream gadget — saving money opens doors to what matters most. You can start investing early with a Time Deposit to grow your wealth quickly and pounce on any chance life throws your way!

    1. Achieve your Long-Term Goals

    From buying your first dream house, launching a startup, to retiring comfortably, long-term goals need a solid financial base. Enhancing your financial literacy is essential for making informed decisions and optimizing savings. Start exploring products at your nearest bank that align with your financial goals and long-term plans!

    This Savings Consciousness Week also reminds us to balance the “healing my inner child” attitude with financial discipline.

    • Treat yourself wisely

    Treat yourself while prioritizing what you truly need, skip the impulsive purchases, and watch your savings skyrocket! Achieve that dream vacation without stressing about finances. Plus, using a mobile app makes it easy to track your money, pay bills, and save—all from one convenient spot.

    • Good things take time

    Sure, impulse buys and little treats are thrilling. But saving up? That’s how you snag the big prizes: a sweet pad, your own business, or globetrotting adventures. Challenge yourself with goals like saving a specific amount daily, having a “no-spend” weekend, or even trying a “no-iced coffee week” to boost your savings.

    PSBank joins The Bangko Sentral ng Pilipinas (BSP) in celebrating Savings Consciousness Week from June 30 to July 6, 2024. Every year since then, banks and financial institutions have taken part in Savings Consciousness Week, an annual event aimed at raising awareness about the importance of saving money and its role in shaping the country’s economy.

    Start securing your finances with PSBank by opening an account through its mobile app for simple and effortless banking that supports your financial goals. Simply download the PSBank Mobile App in your smartphone, with just a few taps and a selfie, you’ll have a savings account and a free ATM card that you can opt to pick-up at your nearest PSBank branch or have it delivered at your preferred address.  PSBank is your partner in making your financial future brighter and worry-free. Simple lang, maaasahan.

    For more tips and information on PSBank’s products and services, visit psbank.com.ph or follow us on Facebook and Instagram.

  • An important PSBank announcement for Holy Week

    An important PSBank announcement for Holy Week

    As the Holy Week approaches, PSBank, a prominent financial institution in the Philippines, has released an advisory outlining its operational schedule for the upcoming religious observance.

    The advisory states that all PSBank branches nationwide will be closed from March 28 (Maundy Thursday) to March 29 (Good Friday) in observance of Holy Week.

    Despite the branch closures, clients are assured that they can still access their accounts and conduct banking transactions seamlessly through PSBank’s ATMs and PSBank Mobile/Online platforms, which will remain available 24/7.

    The decision to close branches during the Holy Week is a common practice among banks in the Philippines, as it allows employees to observe the religious significance of the occasion while ensuring that essential banking services remain accessible to clients through alternative channels.

    This proactive approach by PSBank reflects its commitment to providing uninterrupted banking services and convenience to its customers, even during holidays and special occasions.

    During the closure period, clients are encouraged to utilize PSBank’s ATMs for cash withdrawals, balance inquiries, and other basic transactions.

    Additionally, the PSBank Mobile and Online platforms offer a convenient and secure way for clients to manage their accounts, transfer funds, pay bills, and perform various banking activities from the comfort of their homes or on the go.

    These digital channels provide a seamless banking experience, allowing clients to stay connected with their finances and fulfill their banking needs efficiently.

    By leveraging technology and digital solutions, PSBank demonstrates its dedication to enhancing customer experience and ensuring accessibility to banking services beyond traditional branch operations.

  • PSBank Achieves Record-Breaking Net Income of P4.53B, Surging by 23% in 2023

    PSBank Achieves Record-Breaking Net Income of P4.53B, Surging by 23% in 2023

    PSBank, the thrift banking arm of the Metrobank Group, has announced a remarkable milestone with an unprecedented net income of Php 4.53 billion for the fiscal year 2023, marking a substantial 23% increase from Php 3.68 billion in 2022. This outstanding performance reflects a robust return on equity of 11.7%, driven by notable growth in loans, enhanced investment revenues, and streamlined operational costs.

    The bank’s financial success was propelled by a significant surge in net interest income, reaching Php 11.83 billion with a notable 7% year-on-year growth. Operating expenses were effectively managed, decreasing by 1% through ongoing cost optimization initiatives. President Jose Vicente L. Alde attributed this achievement to the collaborative efforts and unwavering dedication of PSBankers in delivering seamless banking services to clients and stakeholders.

    PSBank’s gross loan portfolio expanded by 12% to Php 125 billion, primarily fueled by a remarkable 24% growth in auto loans due to heightened demand for vehicles. Despite the loan portfolio’s expansion, the bank saw a reduction in its gross non-performing loans ratio from 3.5% to 3.3% by the end of 2023, indicating improved credit quality.

    By the close of December 31, 2023, PSBank’s total assets stood at Php 238 billion, while total deposits reached Php 190 billion. The bank’s robust capital base amounted to Php 40 billion, boasting impressive capital adequacy ratios with total capital adequacy ratio and common equity tier 1 ratio at sturdy levels of 24.5% and 23.6%, respectively—exceeding regulatory requirements set by the Bangko Sentral ng Pilipinas and ranking among the highest in the industry.

    In addition to its financial achievements, PSBank received prestigious accolades throughout 2023, including recognition as an Outstanding Stakeholder by the Bangko Sentral ng Pilipinas and the Double Golden Arrow Recognition for Excellence in Corporate Governance from the Institute of Corporate Directors.

    The bank secured the highest credit rating from PhilRatings and was listed among Forbes’ World’s Best Banks, ranking as the 7th best bank in the Philippines. Furthermore, PSBank was honored as the Best Disbursement Partner in the Thrift Bank Category at the SSS Balikat ng Bayan Awards and received Gold and Silver Anvil Awards from the Public Relations Society of the Philippines for its innovative social media campaigns.

    These accolades and exceptional financial performance underscore PSBank’s unwavering commitment to delivering exceptional banking experiences to its clients and stakeholders while setting new benchmarks for excellence in the banking industry.