EAST West Banking Corp. (EastWest) posted a net income of P4.1 billion in the first half of 2025, up 19 percent from the same period last year.
In a disclosure on Friday, the bank reported that revenues climbed 17 percent year-on-year to P23.8 billion, fueled by a 15-percent rise in net interest income to P19.2 billion.
The consumer lending business expanded by 15 percent, accounting for 84 percent of total loan portfolio.
Fee-based income also contributed to the performance, rising 29 percent to P3.5 billion with return on equity recorded at 11.1 percent.
“Our core consumer banking businesses are performing well, growing in line with the needs of our customers,” EastWest CEO Jerry Ngo said in a statement.
“Our funding initiatives are likewise supporting our funding structure and growth plans. These are key components of our performance that have led to our steady core income improvement which, combined with operational efficiencies pushed our profitability.”
Operating expenses rose 9 percent to P12.7 billion due to manpower investments and business expansion. This was outpaced by revenue growth, resulting in a 380-basis-point improvement in the cost-to-income ratio to 53.2 percent.
The bank credited productivity gains and digital efficiencies for the margin improvement.
EastWest President Jackie Fernandez highlighted the bank’s focus on customer engagement and digital transformation, including enhancements to the EasyWay App and initiatives like economic forums, lifestyle events, and co-branded credit card partnerships.
EastWest’s total assets rose 8 percent to P537.6 billion, backed by an 11-percent increase in deposits to P412.6 billion. The bank maintained a current accounts/savings accounts ratio of 79 percent.
Capital adequacy remained strong with the ratio at 13.4 percent. The common equity tier 1 ratio was 12.6 percent and both exceeded regulatory requirements.
EastWest shares on Friday rose by 14 centavos, or 1.13 percent, to close at P12.54 each.
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