Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a net income of PhP 2.85 billion as of end-September 2025. Net interest income rose by 8% year-on-year to PhP 9.85 billion, fueled by sustained loan demand across consumer and SME segments. Total loan portfolio continued to register double digit expansion, increasing by 12% to PhP 155 billion as of the third quarter of 2025. Gross non-performing loan (NPL) ratio remained in check at 3.5%.

The Bank's productivity initiatives limited the increase in operating expenses at 2% year-on-year, contributing to a 3% pre-provision operating profit growth. Compared to 2024, credit provisions were higher due to last year’s one-off updates in its expected credit loss model.

Total resources stood at PhP 222 billion while deposits ended at PhP 164 billion as of September 30, 2025. Total capital reached PhP 46 billion, with a capital adequacy ratio of 24.6% and a Common Equity Tier 1 ratio of 23.6%—both are well above the regulatory minimum set by the Bangko Sentral ng Pilipinas and are among the highest in the industry.

“The steady growth in our lending business reflects the trust and confidence of our customers in our commitment to offer simple, reliable, and accessible products and services. As we approach the homestretch of 2025, we will continue to rely on our core business strength and operational efficiencies to provide us a platform for sustainable growth in the coming years. said PSBank President Jose Vicente Alde.

The Bank successfully listed its Php 5 billion fixed-rate bonds on the Philippine Dealing & Exchange Corp. (PDEx) last August 2025. Originally scheduled to run from August 4 to 8, 2025, the public offer period was cut short to one day due to strong investor demand, with orders reaching more than six times the base offer size.

PSBank recently brought home multiple honors — the Bank was awarded Best Disbursement Partner for the Thrift Bank Category in SSS Balikat ng Bayan awards. PSBank also won the Bronze Award for Excellence in Mobile Marketing for PSBank Mobile at the 5th Marketing Excellence Awards, the Bronze Award for Excellence in Employee Volunteerism at the 4th HR Excellence Awards Philippines, and two Merit Awards at the 21st Philippine Quill Awards for the PSBank 2023 Annual Report (Publications category) and Sana Lahat Simple Campaign (Social Media category). PSBank was among the recipients of the 2025 Golden Arrow Award from the Institute of Corporate Directors, recognizing its strong corporate governance practices.

See how PSBank Mobile makes secure banking simple and convenient

You’re enjoying your day when a text from “your bank” warns your account will be locked unless you click a link. It looks real — but it’s a phishing scam designed to steal your information.

Banking today is easier than ever. With just your smartphone, you can transfer funds, pay your bills, send money to friends and loved ones, or even apply for a loan wherever you are. What used to take hours to do can now be done in minutes, right at your fingertips.

While this digital shift puts more control in Filipinos’ hands, it also creates new opportunities for scammers — from fake websites, fraudulent calls, and social media phishing.

That’s why cybersecurity is no longer something just for businesses or tech experts. It’s an everyday necessity for anyone who uses a banking app or card. Being vigilant matters, but equally important is having the right tools to keep yourself protected.

“Digital banking has brought our customers unmatched convenience, but it has also made fraudsters more creative. At PSBank, our approach is simple: empower our customers with tools that let them respond quickly and confidently the moment something suspicious happens,” said Dan Duplito, PSBank Chief Information Security Officer.

Safe Banking at Your Fingertips

PSBank Mobile is designed with built-in safety features that put you in control the moment something feels off.

If you misplace your ATM card or suspect unauthorized use, you can instantly block all transactions with just a few taps—and unlock it just as easily once it’s safe again. For added protection, especially if you prefer using the mobile app over a browser, you can disable online access directly from the app to further safeguard your account.

Real-time transaction notifications keep you informed about exactly when and how your account is being used. And if you spot anything suspicious, you can immediately lock your ATM card or disable online access to stop potential fraud in its tracks.

Effortless Banking
Strong security doesn’t mean giving up convenience. With PSBank Mobile, you can manage your finances seamlessly — from paying bills for utilities, credit cards, school fees, insurance, and more, to reloading your AutoSweep or EasyTrip RFID instantly, with the option to save your details for faster top-ups.

You can send money via InstaPay or PESONet, make cardless withdrawals at any PSBank or Metrobank ATM, and even deposit checks by simply taking a photo. Plus, you have the flexibility to view all your accounts in one screen or check them individually, giving you full control anytime, anywhere.

Your Money, Your Control

Protecting your money isn’t just about strong passwords — it’s about having constant visibility and the power to act the moment something’s wrong. With PSBank Mobile, security isn’t an add-on. It’s built into the way you bank, every day.

Download the PSBank Mobile App today via the Apple App Store, Google Play Store, or Huawei AppGallery. For more information on PSBank's products and services, visit www.psbank.com.ph or follow PSBank on Facebook.

Take the wheel with confidence – start your car ownership journey the simple way with PSBank

Ready to leave the passenger seat and take the wheel?

Maybe you’ve been dreaming of a car to make the daily commute easier, enjoy solo drives and weekend getaways, or simply skip the hassle of waiting for a ride. Whatever the reason, becoming a first-time driver isn’t just a rite of passage—it’s the beginning of a new chapter filled with freedom, responsibility, and endless adventures.

From getting your first car to managing the responsibilities of ownership, PSBank is here to make every step simple and worry-free.

Taking Your First Steps

Your journey begins with the LTO Theoretical Driving Course—a 15-hour seminar on driving basics and road safety offered by accredited schools, either online or in a classroom. After passing the exam, you can apply for a student permit.

Next, prepare for the written and practical tests to secure your driver’s license. Online reviewers and practice exams can help sharpen your knowledge and confidence. Be sure to schedule your medical exam and license application before your permit expires to avoid delays. For the complete process and official requirements, visit the LTO website. Follow these steps, and you’ll be on your way from learner to licensed driver in no time.

Choosing Your First Car

Picking your first car is exciting, but beyond looks and power, it’s about finding what truly fits your lifestyle. If you’ll be driving through city streets every day, a hatchback or sedan offers comfort, efficiency, and easy maneuverability. For those often traveling with family or bringing along more essentials, an MPV or crossover provides the space and flexibility you need. And if your routes include rough or unpaved roads, an SUV with higher ground clearance is the perfect match, giving you both capability and room to move.

Still deciding? PSBank’s Loan Calculator makes it easy to check how much you’ll need for the downpayment and monthly amortization, so you can compare and choose what works best for you.

Once you’ve found the right car, applying for a PSBank Auto Loan Online is quick and easy. You can apply online and get a loan decision in as fast as 24 hours.

Meanwhile, if you’re looking for budget friendly options, you can browse PSBank’s list of Pre-owned Cars for Sale online, or visit the PSBank Pre-Owned Auto Mart at 8003 Lands R Us Realty Compound, Manalac Ave., Bagong Tanyag, East Service Road, Taguig City. Units are available for viewing from Monday to Saturday, 8:00 a.m. to 4:30 p.m.

Mastering Your Car’s Care

Owning a car means more than just driving—it comes with responsibilities that keep you safe and confident on the road. Start by understanding your car: know what the dashboard lights mean and how to use features like hazard signals and defoggers.

It’s also important to make sure your car is properly insured to protect you financially in case of accidents. Once on the road, drive smart—stay alert, follow traffic rules, and maintain a safe distance from other vehicles. Don’t overlook the basics either: check your tire pressure regularly, know how to jump-start your battery, and keep up with routine maintenance. These simple habits not only keep you safe but also extend the life of your car.

Just as important as taking care of your car is staying on top of your monthly payments. With PSBank, managing them is simple—you can pay through PSBank Mobile, PSBank Online, over the counter at any PSBank branch, or even at select partner outlets like 7-Eleven.

For extra convenience, you can also set up an Automatic Debit Arrangement (ADA) from your PSBank savings account. Don’t have one yet? Opening a PSBank savings account is quick and easy—just download the app, present one valid ID, take a selfie, and you’re good to go.

Here’s a bonus: when you make either or both advance or excess payments, you automatically earn rebates through the Prime Rebate feature. That means you can cut down your total loan amount, shorten your loan term—or enjoy both.

Facing The Road Ahead

Getting behind the wheel for the first time comes with big responsibility. Always buckle up, keep your eyes on the road, and avoid distractions like using your phone while driving. Know your traffic signs and follow speed limits—they’re there to keep everyone safe.

If you’re heading somewhere unfamiliar, plan your route ahead or use a navigation app so you can focus on driving instead of rushing to figure out directions. Most of all, stay calm and patient—safe driving isn’t just about skill, it’s about being alert and considerate on the road.

Keeping your car in top shape is just as important as driving it safely. Always follow your manufacturer’s recommended Periodic Maintenance Schedule and have your vehicle serviced only at authorized franchise dealers to keep your warranty intact.

For added safety and to make sure your warranty provisions remain valid, choose only genuine parts and accessories installed by trained mechanics.

For smoother trips, make sure your vehicle is equipped with RFIDs like AutoSweep and EasyTrip for cashless toll payments. And the best part? You can conveniently reload them anytime through PSBank Mobile.

Your Maaasahan Partner on the Road

Buying your first car is exciting, but figuring out the financing can feel a little overwhelming. PSBank offers Auto Loan options that are simple and flexible, making it easier for first-time buyers to get started. Whether you’re applying for a loan or just need guidance through the process, PSBank aims to make the process smoother so you can focus on enjoying the road ahead.

If you are a first-time driver ready to turn your dreams into reality, PSBank is here to help. Apply for a PSBank Auto Loan through PSBank Online Loan Application or visit your nearest PSBank branch. For more information, visit www.psbank.com.ph or follow PSBank on Facebook.

Make the search easy with PSBank Home Loan

The dream home you’ve been searching for is closer than you think.

Ready for solo living? Your very own condo—styled to match your aesthetic and paid for with your hard-earned money—could be your next big adulting milestone.

Newlyweds? Imagine turning the page to your brand-new chapter in a home made just for you. Looking to grow your future? A second property could be your smartest investment yet.

And sometimes, a “new home” isn’t new at all—it’s your beloved childhood house, reimagined and refreshed to fit the life you’re building today.

Whatever your reason, owning a home is a milestone—exciting, meaningful, and yes, sometimes overwhelming. Wherever you are in your journey, it always starts with one important question: what feels right for you? Look no further because whatever “home” means for you, PSBank Home Loan with Prime Rebate  is here to help make it a reality.

There’s a lot to consider before taking the first step—location, layout, and lifestyle. Maybe you're drawn to the convenience of a condo near the office, or perhaps you prefer the warmth of a quiet subdivision where the kids can play and neighbors feel like family. Sometimes, you don’t need a new address—just a fresh take for the home you already love.

PSBank works closely with trusted developers to streamline the process, so you can get a loan decision in as fast as one day. This lets you choose from a range of thoughtfully built properties and secure financing in one smooth, worry-free experience.

Looking for a more budget-friendly option? PSBank also offers a wide selection of Pre-Owned Homes—practical, move-in-ready choices located in established communities. These homes are ideal for first-time buyers or families looking for greater value.

With loan amounts starting at PhP500,000, plus repayment terms of up to 25 years, you can confidently take the next step to your home. With PSBank’s Prime Rebate feature, you automatically earn interest rebates when you make advance or excess payments so you can pay off your loan faster and save more in the long run.

Make Your Dream a Reality

Whatever your version of “dream home” looks like, PSBank Home Loan with Prime Rebate can help you bring it to life. More than just a loan, it’s a partnership that lets you spend less time on paperwork and more time on what truly matters: creating a space you can call your own.

With easy application requirements, quick approvals, flexible terms, and savings through Prime Rebate, building the right home is now within reach. For more information on PSBank's products and services, click here or follow PSBank on Facebook.

Rain or shine, stay on top of your finances with PSBank Mobile

What’s been keeping you indoors lately?

These days, staying in isn’t just about the rain—it’s about slowing down and making space for comfort. When the skies are gray and traffic is heavy, it’s tempting to put off tasks like paying bills or doing your bank errands. Because honestly, who wouldn’t rather stay cozy under a blanket, catch up on the latest movie or series on your favorite streaming platform, or enjoy a quiet afternoon nap?

That’s where little conveniences make a big difference. You can manage your finances right from your phone without having to leave your home. Whether you’re paying bills, sending money, or managing your account, here are five ways PSBank Mobile helps you stay on top of things—rain or shine.

1. Pay Bills Without the Hassle
No long lines. No switching between apps. With PSBank Mobile, you can pay your bills right from your phone – from utilities, credit cards, loans, real estate, and even school fees. To make things even easier, you can set up scheduled payments so you never miss a due date again.

2. Reload Toll RFID in real time!

Running low on toll credits? Skip the hassle of lining up or scrambling for reload options. With PSBank Mobile, you can easily top up your Autosweep and Easytrip RFID accounts—credited instantly so you're always ready for the road. You can even save your RFID details for faster reloading next time, perfect for smooth, worry-free drives ahead.

3. Send Money Instantly

Need to send money? There’s no need to step out or race against over-the-counter cutoffs. With PSBank Mobile, you can transfer funds anytime using InstaPay or PESONet, or simply scan a QR code for quick, secure transactions. Whether you're sending allowances, paying suppliers, or settling recurring dues, you can do it all safely and conveniently.

4. Lock or Unlock Your ATM Card Anytime

Misplaced your card—or just taking a break from spending? No worries—you’re in control. With PSBank Mobile, you can instantly lock your ATM card right from your phone to help keep your account secure.

Once you’ve found your card or are ready to use it again, simply unlock it through the app in just a tap. It’s a quick, secure, and convenient way to manage your card anytime, anywhere.

5. Start a Mobile Time Deposit Account

Got extra funds on your hands? Why not grow your money by investing through PSBank Mobile Time Deposit? You can start with a placement of PhP10,000, and choose from 30, 60, or 90-day terms.

6. Deposit Your Checks In a Snap

No time to visit a branch? With the PSBank Mobile Check Deposit feature, you can deposit checks directly to your personal savings or checking account. Just take a photo, submit it through the app, and wait for confirmation—it’s simple, secure, and hassle-free.

Rain or Shine, Maaasahan

Whether it’s raining outside or you’re just enjoying a slower pace at home, PSBank Mobile helps you stay on top of your finances—easily, securely, and without the extra hassle. Download the PSBank Mobile App today via the Apple Store, Google Play Store, or Huawei AppGallery. For more information on PSBank's products and services, visit psbank.com.ph or follow PSBank on Facebook.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a net income of PhP2.16 billion in the first half of 2025, driven by the steady growth of its core businesses and continuous efforts to reduce operational costs.

Stable demand across both consumer and SME lending segments continued to expand the Bank’s loan book, which grew by 16% year-on-year to PhP153 billion as of June 2025.

Core revenues, consisting of net interest income and service fees and commissions, rose by 7% year-on-year to PhP7.47 billion, while operating expenses decreased by 2% to PhP4.54 billion.

Pre-provision operating profit grew by 6% to PhP3.35 billion. On the other hand, credit provisions were higher this year as the Bank booked a one-time adjustment in its Expected Credit Loss model in 2024.

With the portfolio increase, gross non-performing loan (NPL) ratio was kept at 3.1%, lower than the Philippine banking industry average of 3.4% as of May 2025.

The Bank’s total resources reached PhP224 billion, while total deposits stood at PhP171 billion by mid-2025. Total capital improved to PhP46 billion, with a capital adequacy ratio of 24.6% and a Common Equity Tier 1 ratio of 23.5%—both are well above the regulatory minimum set by the Bangko Sentral ng Pilipinas and are 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.

Recently, the Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook. The rating reflects the Bank’s solid market position, sound capitalization and asset quality, strong support from its parent bank, experienced management team, and the positive outlook for its core market.

PSBank also successfully closed its bond offering period, ending ahead of schedule as the total orderbook exceeded 6 times the initial offer size within one day. Proceeds from the issuance will provide the Bank with access to long-term funding to support expansion initiatives and further diversify funding sources.

Philippine Savings Bank (“PSBank” or the “Bank”), the thrift banking arm of the Metrobank group, disclosed that it has decided to shorten the offer period for the third tranche under its PhP40 Billion Bond Programme. The initial offer period of August 4 to 8, 2025 was cut short and closed within a day due to strong investor demand from both institutional and retail clients. The total orderbook was more than six (6) times oversubscribed, indicating the market’s continued confidence in the Bank.

The Bank’s latest bond issuance has a tenor of two (2) years and carries a fixed interest rate of 5.875% per annum. The issue and listing date will be on August 18, 2025.

The net proceeds of the issuance will provide the Bank with access to long-term funding to support its expansion initiatives and further diversify its funding sources.

First Metro Investment Corporation (“First Metro”) and ING Bank N.V., Manila Branch (“ING”) were the Arrangers, while the Selling Agents were PSBank, First Metro, ING, and Metropolitan Bank & Trust Company.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to issue Peso-denominated Fixed-Rate Bonds as part of its ongoing PhP40 billion Bond Programme. This will mark the third tranche under the program, following the PhP6.3 billion issuance in July 2019 and the PhP4.65 billion issuance in February 2020.

PSBank has mandated First Metro Investment Corporation (“First Metro”) and ING Bank N.V., Manila Branch (“ING”) as Arrangers for the upcoming issuance. The Selling Agents for the offering are PSBank, First Metro, ING, and Metropolitan Bank & Trust Company.

The proposed issuance will have an initial size of PhP2.0 billion, with an option to upsize. Net proceeds will provide the Bank with access to long-term funding to support its expansion initiatives and further diversify its funding sources. The bonds will have a tenor of two (2) years and will carry a fixed interest rate of 5.875% per annum. The minimum investment amount is PhP100,000, with additional increments in multiples of PhP10,000. The offer period will run from August 4 to 8, 2025, subject to adjustment by PSBank and the Arrangers as necessary.

The Bonds are intended to be issued and listed on the Philippine Dealing Exchange (PDEx) on August 18, 2025.

Smart saving starts with PSBank Mobile

Treating yourself is always great—but building your savings is even better. Having extra funds set aside gives you the freedom to enjoy life while staying prepared for those unexpected moments that can pop up when you least expect them.

Your savings can open doors to exciting possibilities like traveling to your dream destination, learning new skills, and reaching big life milestones with confidence.

The best part? You can get started with just your mobile phone with PSBank Mobile. Here are easy tips on how you can start building your rainy day fund:

1. Start Small and Start Now
   
   The key isn’t having a large deposit—it’s taking the first step and building the habit early. With PSBank Mobile, you can open an account anytime, anywhere with just one valid ID. There’s no minimum deposit and no maintaining balance, so you can begin with whatever amount you have—no pressure.

2. Stay Consistent
   
   Set a regular transfer schedule as even small, consistent amounts can go a long way in growing your rainy day fund over time. Automating your savings helps you build the habit effortlessly, so you can grow your fund without even thinking about it. You can also open multiple PSBank savings accounts to organize your money by purpose—whether it’s for short-term needs, future travels, or long-term goals like investments or big-ticket purchases. This way, your savings stay intentional and easy to track. 

3. Pay Your Dues on Time
   
   Late fees from utilities, credit cards, and other bills can quickly add up over time. Avoid unnecessary charges by setting reminders or automating your payments through PSBank Mobile. This way, you stay on top of your bills and your savings.
    
4. Keep Your Funds Safe
   
   With PSBank’s fast, secure, and user-friendly digital platform, you can easily track your savings and manage your funds in real time.
   
   PSBank Mobile also offers security features that put you in control. You can lock and unlock your ATM card and change your PIN regularly through the app, giving you added protection and peace of mind.
   
   
5. Set Boundaries for Your Savings
   
   Are you an impulse shopper? Keep your savings safe from budol finds by opening a PSBank Peso Time Deposit through the app. With an initial placement of just PhP10,000, your money earns more and stays secure. You can choose between a 30, 60, or 90 days term to make it easy to align with your savings goals.
   
   Make banking a seamless part of your routine by using the PSBank Mobile app. Track your savings, schedule regular transfers, secure your account —anytime, anywhere. With everything at your fingertips, saving becomes an effortless habit that fits right into your daily life.

Download the PSBank Mobile App today via the Apple App Store, Google Play Store, or Huawei AppGallery. For more information on PSBank's products and services, visit www.psbank.com.ph or follow PSBank on Facebook and Instagram.

Fuel your next big move with PSBank

Picture this: You’re gearing up for a brand-new workday—only this time, you’re the boss, building something that’s truly yours.

Exciting, right? But let’s be real—it can also feel overwhelming. Growing a venture means facing big dreams, tough decisions, and constant challenges. The good news is that with the right financial partner and a solid plan, scaling your business can be both manageable and achievable.

Whether you’re investing in equipment, replenishing inventory, or expanding your space, it’s important to know exactly how you’ll use your funds.

That’s where PSBank comes in —a reliable financial partner that helps you confidently invest in what matters most. PSBank offers various financing options that best fit your business needs and growth plans, empowering entrepreneurs like you to build businesses that last.

Ready to level up your business? Here are some practical tips to consider to support your next big move:

1. Buying Fixed Assets Like Property, Equipment, or Vehicles
   
   If you’re investing in major assets, you need financing that fits your cash flow. PSBank SME Term Loan offers various loan terms from one to seven years, giving you breathing room to grow while managing costs.
   
   You can also earn rebates when you make early or excess payments, helping you lower total interest costs over time. These rebates are applied automatically and credited on your due date.
   
   
2. Construction and Fit-Out of Business Locations
   
   Building or renovating? PSBank SME Term Loan supports construction schedules with fund releases aligned to your project’s progress. Initial disbursements can go up to 60% of the appraised land value, giving you the liquidity to cover significant upfront expenses.
   
   You can also opt for PSBank SME Business Credit Line—an accessible short-term financing solution that gives you ready funds to cover day-to-day operational needs, unexpected expenses, or additional project requirements as they arise.
   
   
3. Additional Working Capital for Ongoing Operations
   
   Running day-to-day operations like payroll, inventory restocking, and utilities can stretch your cash flow.
   
   PSBank Business Credit Line gives you the flexibility to support these recurring needs.
   
   You can also open a PSBank Corporate Account and get free access to Business Online Buddy, a platform that makes handling payroll, supplier payments, and other transactions quick and hassle-free. It’s all about making your day-to-day business smoother, so you can focus on what really matters: growing your company.
   
   
4. Grow Your Business Without Touching Your Personal Savings
   
   You don’t need to dip into your personal funds to grow your business. With PSBank SME Term Loan, you can access funding through collateral options starting at PhP500,000 with deposits or PhP2 million with real estate so you can level up your business while keeping your personal savings safe and intact.
   
   Your Maaasahan Business Partner
   
   From expansion to upgrades, PSBank makes it easy for business owners to take the next big step—with simple, flexible financing that fits your goals. Learn more about how PSBank can help your business by visiting the nearest PSBank branch or through its 24/7 Customer Experience Hotline at (632) 8845-8888. For more information on PSBank's products and services, visit www.psbank.com.ph or follow PSBank on Facebook.

Start the journey with PSBank Auto Loan

As a dad, you wear many hats—driver, navigator, mechanic, and the family’s go-to guy for every trip.
For you, a reliable car isn’t just about getting from point A to B—it’s about being there for your family, whenever they need you.

This Father’s Day, give yourself the ride you deserve. With PSBank Auto Loan, getting behind the wheel is simple, fast, and hassle-free.

Fast, Flexible, and Made for Dad’s Busy Life

Let’s face it: buying a new car is a big investment. That’s why having the right financing partner makes all the difference. With everything you juggle each day, car financing should be the least of your worries.

Start your journey by planning ahead with the PSBank Auto Loan Calculator, which helps you estimate your potential monthly payments in just a few clicks. Once you're ready, you can apply for a PSBank Auto Loan online—and get a loan decision in as fast as 24 hours.

Managing your payments is just as simple.You can make payments through PSBank Mobile, PSBank Online, over-the-counter at any PSBank branch, or at 7-Eleven stores, among others.

And here’s a bonus: when you make advance or excess payments, you automatically earn rebates through the Prime Rebate feature. That means you can reduce your total loan amount, shorten your loan term—or even both.

And because every dad loves a good deal, you can also check PSBank’s Pre-Owned Cars at budget-friendly prices. You can either browse available units online, or drop by the PSBank Pre-Owned Auto Mart at 8003 Lands R Us Realty Compound, Manalac Avenue, Bagong Tanyag, East Service Road, Taguig City. Units are available for viewing from Monday to Saturday, 8:00am to 4:30pm.

Dad’s Maaasahan Partner

For dads juggling work, family, and everything in between, it’s about having a reliable partner on the road—with help from PSBank Auto Loan with Prime Rebate to make it all possible.

Apply for a PSBank Auto Loan through PSBank Online Loan Application, or visit your nearest PSBank branch. For more information, visit www.psbank.com.ph or follow PSBank on Facebook.

Borrow up to PhP250,000 extra funds and pay your way with PSBank Flexi Personal Loan

Adulting is hard. Finding extra cash when life happens? That used to be harder—until now.

Whether it’s surprise home repairs, tuition fees, or emergency medical bills, unexpected expenses don’t have to hold you back. With PSBank’s Flexi Personal Loan, you’ve got a financial backup that’s ready to use when you need it.

When life throws surprises your way, it’s time to Flex—with PSBank Flexi Personal Loan.

Manage your funds your way with PSBank Flexi Personal Loan. Borrow up to PhP250,000 and enjoy the freedom to choose the loan option that suits your lifestyle—a revolving credit line or a fixed term loan.

With a revolving credit line, you can borrow, repay, and borrow again—no need to reapply. If you prefer steady monthly payments, a fixed term or deferred loan gives you repayment options of 24 or 36 months with fixed monthly installments.

PSBank Flexi Personal Loan can be accessed through a free ATM card so you can conveniently access funds anytime, anywhere in any Mastercard-affiliated ATM worldwide.

Payment is easy — you can pay in any of your preferred channels: PSBank Mobile, PSBank Online, over-the-counter at any PSBank branch, 7-Eleven Stores, BancNet ATMS, InstaPay, and Online Bills Payment Services. You can also track and manage your loan in real time through the PSBank Mobile App.

Meanwhile, PSBank Flexi Personal Loan’s Prime Rebate program helps you save on interest over time. Rebates are computed daily and automatically applied to qualified term loans—rewarding you for paying early or more than the minimum due.

Time to Flex
Not sure where to start? Use the Loan Calculator and pre-qualification checklist on the PSBank website to get a quick idea of how much you can borrow.

Get the backup you deserve. Apply now for a PSBank Flexi Personal Loan via the PSBank Online, or visit your nearest PSBank branch. For more information on PSBank's products and services, visit psbank.com.ph or follow PSBank on Facebook and Instagram.

From payroll to payments - streamline and simplify your business operations with PSBank

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 www.psbank.com.ph.

Say yes to your goals with PSBank Flexi Personal Loan

Being a mom is a 24/7 job—no time-outs, no log-offs. Between managing work, school projects, family meals, and everything in between, it’s easy to lose sight of one very important person: You.

This Mother’s Day, celebrate saying yes to yourself—because prioritizing your dreams isn’t just smart, it’s empowering. With PSBank Flexi Personal Loan, you can confidently and affordably take the next step toward your goals.

Fund Your Passion Projects

Whether you’re ready to launch that dream business, enroll in a new course, or finally bring a creative idea to life, the PSBank Flexi Personal Loan helps turn your plans into reality.

PSBank’s digital tools like the loan calculator and pre-qualification checklist can easily guide you in the application process with confidence. The Loan Calculator gives a preview of the monthly amortization based on the preferred loan availment and term.

Borrow up to PhP250,000 and enjoy flexible repayment terms of 24 to 36 months—giving you the freedom to move at your own pace and on your own terms.

Invest in the “New You”

It’s your turn to thrive. From scheduling that long-overdue check-up to starting a wellness routine or creating your own peaceful corner at home—this is your sign to focus on you. Prioritize your well-being, and let PSBank Flexi Personal Loan help make it happen.

And the best part? Your approved PSBank Flexi Loan comes with a free Flexi Mastercard that you can use to withdraw funds or swipe at any BancNet and Mastercard-affiliated establishments—seamless and stress-free.

Spend Without the Guilt

Moms are natural budget keepers—so it’s normal to feel a bit guilty about spending on yourself. With PSBank Flexi Personal Loan, you get more than just funds—you get flexibility. Rebates are computed daily and automatically applied to all qualified term loans, rewarding you for paying early or more than your monthly due.

Even better, PSBank Flexi Personal Loan works like a revolving credit line. This means once you repay what you’ve used, your available balance is replenished—ready to be used again when needed without having to reapply. It’s like having a financial safety net that’s always there when opportunity calls.

You can also access your funds 24/7 via ATM, and repay the way that works best for you—whether through PSBank branches, BancNet ATMs, PSBank Mobile or Online, InstaPay, or Online Bill Payment Services.

Mom’s Maaasahan Partner

This Mother’s Day, choose to invest in yourself with PSBank Flexi Personal Loan. Apply for a PSBank Flexi Personal Loan with Prime Rebate online via PSBank Mobile, PSBank Online, or visit your nearest PSBank branch. For more information on PSBank's products and services visit www.psbank.com.ph or follow PSBank on Facebook and Instagram.

PSBank, the thrift banking arm of the Metrobank Group, reported a net income of PhP 1.21 billion in the first quarter of 2025, up by 1% compared to the same period last year, driven by sustained lending and effective expense management.

Core revenues—which include net interest income, service fees, and commissions—grew by 9% to PhP 3.81 billion, up from PhP 3.49 billion in the same period last year. Operating expenses were lower by 3% as the Bank continued to benefit from improved productivity and operational efficiency.

Total gross loans expanded to PhP 152 billion as of March 2025, marking a 19% year-on-year increase, propelled by growth in auto, mortgage, and small-to-medium enterprise (SME) lending. Asset quality remained healthy, with the Bank’s gross non-performing loans (NPL) ratio improving to 2.6% from 3.4% in Q1 2024.

Total assets stood at PhP 222 billion, while total deposits and capital reached PhP 170 billion and PhP 45 billion, respectively. PSBank’s capital adequacy ratio of 23.5% and Common Equity Tier 1 ratio of 22.4% remain well above the regulatory minimum set by the Bangko Sentral ng Pilipinas and are among the highest in the industry.“Consumer loan demand has remained high and as long as economic conditions continue to be stable, we are optimistic to capitalize on this trend in the coming months," said PSBank President Jose Vicente Alde.

PSBank was also recently recognized with Silver Anvil Award for its online video campaign and a Bronze Stevie® Award for its 2023 Annual Report—affirming the Bank’s commitment to excellence in communication and stakeholder engagement.

Enjoy hassle-free adventures with the PSBank Mobile App

Summer’s here! It’s time for spontaneous road trips, fun adventures, and making memories with loved ones. But without a budget, those sunny days can come with unexpected costs.

The good news? You don’t have to choose between fun and financial peace of mind. With a bit of planning and the right digital tools like the PSBank Mobile App, you can manage your travel budget, track expenses, and make payments on the go. It’s everything you need to keep your trips stress-free and your wallet in check.

Ready for your best summer getaway yet? Here are some practical tips for a stress-free trip:

1. Plan Your Budget Ahead
   With so many exciting destinations, it’s tempting to just pack your bags and hit the road for a spontaneous trip.
   
   But before choosing your next adventure, do a bit of research on potential trip costs including transportation, accommodations, food, and more. Once you have an estimate, start building your summer budget.
   
   To keep your travel fund organized, open a PSBank Savings Account through the PSBank Mobile App. With just one valid ID, you can set up an account and deposit your summer savings in a secure and easily accessible place.
   
   
2. Pay Your Bills Before You Hit the Road
   If you want a truly carefree summer, make sure to settle your bills before you hit the road.
   
   From utilities and RFID toll reloading to credit card payments, the PSBank Mobile App lets you settle your bills anytime, anywhere. With its diverse roster of billers available, you won’t have to worry about missed payments or service interruptions while you’re enjoying your vacation.
   
   Set up recurring payments or reminders through the app so your bills stay on schedule—even when you’re off the grid.
   
   
3. Manage Your Money Anytime, Anywhere
   No wallet? No problem. The PSBank Mobile App has you covered with fast and secure cashless options. You can Pay via QR for instant purchases or make instant fund transfers in case of unexpected travel expenses.
   
   If you need cash on the go, you can even make Cardless ATM Withdrawals at any PSBank or Metrobank ATM. Just enter your nominated PIN along with the system generated PIN from the app, and you can withdraw cash even without your physical card. You can also lock or unlock your ATM cards from your mobile app or online as an added layer of security, giving you peace of mind.
   
   Hassle-Free Trips Start with PSBank Mobile App
   
   Whether you're all-set for a quick summer getaway or a much-needed vacation to your dream destination, let the PSBank Mobile App make money matters the least of your worries.

From budgeting before your trip to managing expenses on the go, it’s the perfect travel companion for a smooth, worry-free summer. Download the PSBank Mobile App today via the Apple App Store, Google Play Store, or Huawei AppGallery. For more information on PSBank's products and services, visit psbank.com.ph or follow PSBank on Facebook and Instagram.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, posted an all-time high net income of PhP 5.21 billion for the year 2024, up 15% from PhP 4.53 billion in 2023. This resulted in a higher return on equity of 12.4% compared to 11.7% last year. The robust double-digit growth in loans, coupled with significant improvements in asset quality, fueled the Bank’s outstanding financial performance.

Core revenues, composed of net interest income, service fees and commissions, rose by 4% to PhP 14.11 billion. Increase in operating expenses remained under control at 4% as the Bank pursued its cost optimization strategies.

PSBank’s total gross loans grew by 15% year-on-year to PhP 144 billion as of December 2024, boosted by strong demand across both consumer and commercial lending segments. Despite the expansion in loan portfolio, the Bank was able to keep its gross non-performing loans ratio in check at 2.6%, better than 3.3% a year ago.

The Bank’s total assets closed at PhP 216 billion while total deposits reached PhP 165 billion by yearend 2024. Capital funds improved by 10% to PhP 44 billion, translating to a total capital adequacy ratio and common equity tier 1 ratio of 23.6% and 22.5%, respectively. Both ratios are above the regulatory minimum set by the Bangko Sentral ng Pilipinas and are among the highest in the industry.

"Our record-high performance reflects our commitment to sustainable growth and quality, and the unwavering trust of our clients," said PSBank President Jose Vicente Alde. "Looking ahead, we expect to capitalize on the growing and evolving needs of consumers."

PSBank’s success extends beyond financial performance. In 2024, the Bank received numerous awards, including the Quill Awards for outstanding corporate communications, the Silver Anvil Awards for multimedia and public relations excellence, and the Double Golden Arrow Recognition for outstanding corporate governance from the Institute of Corporate Directors. Additionally, PSBank was named the SSS Kabalikat ng Bayan Best Disbursement Partner – Thrift Bank Category and one of Philippines’ Best Employers 2025 by the Philippine Daily Inquirer and Statista.

PSBank also launched an enhanced mobile banking app in 2024, featuring a smoother, more userfriendly interface and customizable features for a personalized banking experience.

As online fraud reaches unprecedented levels, Filipinos are reminded to stay vigilant and strengthen their digital security—a key message underscored by Safer Internet Day, an annual global movement advocating for a safer and more responsible online experience.

According to the Cybercrime Investigation and Coordinating Center (CICC), cybercrime complaints more than tripled in 2024, with 10,004 cases filed—a staggering rise from 3,317 in 2023.¹ These scams led to PHP198 million in total financial losses, highlighting the growing sophistication of fraud, particularly consumer fraud and online financial fraud, which together account for 67% of all reported cases. Fraudsters continue to exploit deceptive tactics such as fake online sales, impersonation scams, investment fraud, and phishing to steal sensitive information like passwords and one-time PINs (OTPs).

Recognizing the growing vulnerabilities of OTPs, the Bangko Sentral ng Pilipinas (BSP) is pushing for stricter security regulations to strengthen the country’s financial cybersecurity framework. As part of this effort, the BSP has proposed regulatory changes aimed at enforcing Republic Act No. 12010, or the Anti-Financial Account Scamming Act (Afasa), which was signed into law last year to combat financial cybercrimes. This includes requiring banks to continuously enhance their security infrastructure, implement stronger authentication measures, and adopt more advanced fraud detection systems to stay ahead of cybercriminals². 

PSBank is reinforcing its commitment to security through key enhancements to its PSBank Mobile app. Clients now have the ability to lock access to their accounts on platforms they don’t usually use, ensuring that their PSBank accounts remain restricted to their preferred and regularly utilized channels. They can
also lock or unlock their ATM cards through the app, providing an extra layer of protection against unauthorized transactions.

Beyond security, PSBank Mobile continues to simplify digital banking with a faster, more seamless account opening process, removing the waiting period for verification and allowing customers to open an account with just one valid ID and a selfie. The app also offers zero initial deposit requirements, real-time bill payments, RFID reloading for tolls, and lower InstaPay transfer fees—ensuring that users can enjoy safe and hassle-free banking.

While security systems evolve, vigilance remains the most powerful defense against online fraud. To minimize risks, users are encouraged to follow these key digital safety practices:

1. Verify sender identities – Always double-check emails, messages, or calls claiming to be from banks or government agencies. Scammers often impersonate trusted institutions.
2. Avoid clicking on suspicious links – Phishing scams rely on fake websites that mimic legitimate
   platforms to steal login credentials. Always access bank websites and apps directly.
   
3. Use strong, unique passwords – Avoid using the same password across multiple accounts. Enable two-factor authentication whenever possible.
   
4. Never share banking credentials – Banks will never ask for your PIN, OTP, or account details via email, text, or call. If someone requests this information, it's likely a scam.
   
5. Monitor account activity regularly – Frequently check your bank statements and transaction history for any unauthorized activity. Report suspicious transactions immediately.
   
6. Report scams promptly – If you fall victim to fraud, contact your bank and report the incident to the government’s 1326 cybercrime hotline, available 24/7 to assist victims.

As cybercriminals continue to innovate, fortifying your digital security is no longer just an option—it’s a necessity. This Safer Internet Day serves as a strong reminder that while financial institutions enhance their digital defenses, users must also remain proactive and vigilant. Fraudsters may adapt, but with the right security measures and a well-informed digital banking community, Filipinos can continue transacting online with confidence.

¹ Philippine News Agency. (2025, January 31). Scam complaints triple in 2024 – CICC. https://www.pna.gov.ph/articles/1243101

² Bangko Sentral ng Pilipinas. (2025, January 22). Amendments to Regulations on Information Technology Risk Management to Implement Section 6 of the AntiFinancial Account Scamming Act (AFASA). https://www.bsp.gov.ph/Regulations/Issuances%20of%20Policy%20Exposure%20Drafts/Exposure-Draft_Amendments-toRegulations-on-IT-Risk-Management-to-Implement-Section-6-of-the-Anti-Financial-Account-Scamming-Act.pdf

(From left) PSBank representatives Jero Contreras, Philippe Tria, Ismael Dizon III, Theresa Joy Lumanlan World Vision Philippines’ National Director Dr. Harvey Carpio, PSBank’s Marketing Group Head Deanne Uy and People Experience Head Rex Jardinero, World Vision’s Precious Hope Basco and Montserrat Luna, and PSBank’s Denver Castro

As an advocate of the life-changing impact and value of education, PSBank never forgets to give back to the communities that share the same commitment. Last December 26, 2024 and January 15, 2025, PSBank invited the three Non-Government Organizations (NGOs) in their head office for the annual turnover of their monetary support. They have been supporting these NGOs for at least a decade already.

The representatives from Resources for the Blind, World Vision, and Chosen Children Village Foundation were given a warm welcome by representatives from PSBank. Each of these organizations share the common goal of equalizing opportunities to the underserved communities by guiding and supporting them in reaching their full potential through their various programs.

“For years, PSBank has been privileged to play a part in supporting initiatives that promote inclusion and empowerment for marginalized communities. This work would not have been possible without the unwavering commitment of our partners — Resources for the Blind, World Vision, and Chosen Children Village Foundation. Together, we hope to continue expanding opportunities and helping create brighter futures in the years ahead," said PSBank Marketing Group Head Deanne Uy.

PSBank and Chosen Children Village Foundation (CCVFI)

Chosen Children Village Foundation (CCVFI) provides a permanent home for abandoned, neglected, and surrendered children who are mentally and physically challenged. In this newfound home, they created a space where children can grow, reach their full potential, and become productive and self-reliant members of society. These children have been outcasted due to their differences however under CCVFI’s care, the disabilities and limitations of the children are no longer a hindrance to their growth.

Since 2011, PSBank’s donation has supported CCVFI’s residential care and life skills training for the mentally and physically challenged youth in their community.

PSBank and Resources for the Blind (RBI)

Resources for the Blind (RBI) provides well-rounded services to visually impaired individuals nationwide. These services include counseling, rehabilitation, education, and training. All of which ultimately works toward the unified goal of empowering them into reaching their potential in life. In addition to these programs, they are actively engaged in efforts for eye care and blindness prevention. RBI is also an organization that helps hearing impaired individuals receive access to quality education through a project initiated back in 2019 called GABAY Project.

“I gained a deep appreciation for the invaluable support PSBank provides in addressing the educational needs of our visually impaired elementary students enrolled in public schools. Your financial assistance has played a significant role in laying a strong foundation for their education and future.” said Monica Caminero, Inclusive Education Sponsorship Program Coordinator. PSBank has been donating to support education, training, and rehabilitation programs since 2004.

PSBank and World Vision

World Vision is dedicated to supporting the most vulnerable children, their families, and their communities in helping them break free from poverty and achieve a fulfilling life. Each year, World Vision supports approximately 1 million children, striving to create opportunities that foster mutual growth and pave the way for brighter futures for everyone they connect with.

“PSBank has been a steadfast supporter of World Vision’s mission, sponsoring 11 children and providing them with opportunities to grow, dream, and thrive. In July 2024, PSBank’s support for our Back-to-School campaign through venue sponsorship helped us achieve an incredible 800,000 in media mileage. This same campaign equipped 24,000 children with the tools and resources they needed to pursue their education.” said Dr. Harvey Carpio, World Vision Philippines National Director. PSBank has been a steadfast supporter of World Vision since 2004. The donation funds focus on the well-being of children, especially the most vulnerable, such as health and nutrition, education, and child protection.

This 2025, PSBank proudly marks its 14th year of supporting initiatives by Chosen Children Village and its 21st year of partnering with both Resources for the Blind and World Vision. As PSBank welcomes a new year, they remain true to their commitment on empowering these dedicated organizations in achieving their mission of promoting a more welcoming society.

Learn more about PSBank’s products and initiatives by visiting PSBank website.

As 2025 begins, it’s the perfect time to align your financial goals with the principles of feng shui, the age-old practice of creating balance and harmony. At its core, feng shui emphasizes the importance of flow — an idea that resonates deeply with the journey to financial prosperity. PSBank, your trusted partner in simple and reliable banking, is here to help you transform these auspicious opportunities into meaningful success.

Feng shui teaches that small changes can create a ripple effect of positive energy, and the same is true for financial management. Consider these feng shui tips to help you achieve balance and abundance this year:

1. Tidy Up Your Wallet: A clean, organized wallet attracts wealth and financial clarity. Remove unnecessary receipts and keep it stocked with some cash to symbolize abundance. Furthermore, it is advised to avoid using second-hand wallets.
   
   
2. Incorporate Wealth Colors: Colors like black, brown, orange, pastel yellow, and green in your financial tools are believed to represent prosperity and good fortune.
   
   
3. Mind the Front Door: Your home’s entrance symbolizes the flow of opportunities. Keep it clean and unobstructed to welcome positive energy, including financial prosperity. You can achieve this through brighter lighting and by adorning the entryway with plants to make the space more inviting.
   
   
4. Activate the Southeast Corner: Known as the wealth sector, this area of your home can be enhanced with symbols of abundance like a jade plant, gold coins, or even financial documents. Utilizing these emblems signifies growth and prosperity.
   
   
5. Declutter Key Areas: A cluttered desk or workspace can block the flow of energy. Tidying key areas symbolizes free room to let energy flow seamlessly. Ensure the space where you manage finances is clean and inviting to encourage fresh opportunities.

These tips can come handy but know that your actions towards financial success still lies in your hands and the steps you take to achieve this. Imagine starting the year with not just good intentions but actionable plans to secure your financial future. It’s time to ask yourself, What’s stopping me from taking the leap toward a more prosperous future? With PSBank, upgrading your financial future in 2025 becomes effortless.

PSBank’s products can make banking more simple and convenient, while also empowering you to achieve your financial goals. Applying for a loan, such as an auto or home loan, can help you make life-changing investments such as purchasing a car to improve daily commutes or securing a dream home for your family. You can also fund for your home renovation to keep it more tidy and organized with PSBank’s home credit line.

On top of this, save for a more bountiful future with a deposit account that can help you build financial security, offering a safe place to grow your savings, prepare for emergencies, or work toward long-term goals like education or travel. You can jumpstart the year by opening an account via PSBank Mobile. With just one valid ID and a few taps in the app you can have a savings account without the need for maintaining balance. You can also request for an ATM card, free of charge.

This year, you have the choice to let feng shui guide you toward balance and prosperity, and let PSBank be your trusted partner in the journey. PSBank ensures you are equipped with the tools that help turn positive energy into real-world success. Prosperity isn’t just about luck— it’s about taking progressive steps and making decisions that align with your aspirations. With PSBank by your side, your path to success is simple and effortless.

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

When it comes to family life, space, comfort and convenience are our utmost priority when it comes to choosing a vehicle. Whether it’s weekend getaways or long out-of-town drives this holiday season, the right car can make all the difference.

Today’s family-friendly vehicles come in all shapes and sizes to match your needs and lifestyle. Here are some options you can consider when choosing a car for your family.

1. For starting families and small households: Compact cars and Sedans
   
   If you’re a household of two to four, compact cars and sedans provide an excellent balance between affordability and functionality. These vehicles are ideal for urban commuting and short drives for weekend getaways while offering excellent fuel efficiency.
   
   In the Philippines, these cars typically range from PhP700,000 to PhP1,000,000. Many brands offer models with hybrid versions, helping families save on fuel costs in the long run.
   
   Despite their smaller size, many modern sedans offer foldable rear seats for added cargo space, entertainment-friendly touchscreens, and essential safety features like anti-lock brakes and electronic stability systems.
   
   
2. For growing families: Crossovers and SUVs (6-7 Seaters)
   
   As your family grows, crossovers and midsize SUVs provide the extra space and practicality you need. These vehicles often seat up to seven passengers and come with features like rear parking sensors, and hill-start and lane-keeping assistance. Cars like these can comfortably fit your family or group of friends on a road trip with extra space for your stuff. SUVs are also good for those who are adventure seekers and wish to go car camping especially this coming holiday break.
   
   Priced from PhP800,000 to PhP1,500,000 and up, these vehicles combine comfort and style. Hybrid versions, though slightly more expensive, deliver excellent fuel efficiency without compromising power—ideal for traffic-heavy commutes or long drives.
   
   
3. For large families: Vans and Full-Size SUVs (8+ Seaters)
   
   Big families or those who frequently carpool will benefit from the spaciousness and flexibility of vans and full-size SUVs. With space for eight or more passengers, these vehicles offer unmatched flexibility for busy households and big families who love to go on trips together.
   
   Prices range from PhP1,100,000 to PhP2,500,000 and up. Vans prioritize convenience with sliding doors and easy access to the rear rows, great for families with young children and elderly for effortless and easy entry and exit. Meanwhile, full-size SUVs blend power with comfort. Think all-wheel drive for rugged terrains, premium infotainment systems to keep everyone entertained, and advanced safety features like automatic emergency braking.
   
   Investing in space, safety, and comfort
   
   Family life moves fast, and the right car helps you keep up. Whether you’re navigating tight city streets or hitting the open road, there are modern yet affordable vehicles that offer the space, safety, and comfort that every busy and growing household needs.
   
   And this holiday season is the time to upgrade and gift your family with a comfortable car that suits your needs. PSBank’s Auto Loan makes the process of upgrading your car simple and effortless. Apply online, get approved in as fast as 24 hours, and take the first step toward a car that fits your family’s lifestyle.
   
   From October 15 to December 31, 2024, PSBank is offering an exciting promo for auto loan applicants. Customers stand a chance to win PhP50,000 worth of fuel e-vouchers or PhP10,000 in cash to be credited in their PSBank account. Don’t miss this opportunity to upgrade your family car and win these exciting prizes. 

The holidays are a time to celebrate and give, but they can also get expensive and stressful if we’re not careful. To keep the season joyful (and budget-friendly), a few smart spending habits can go a long way. From setting a holiday budget and organizing your gift list, there’s a way to make the most of the season hassle-free while staying on top of your finances.

Set a budget (and your gift list!)
Setting a holiday budget can feel overwhelming—juggling gift lists, party expenses, and everything in between. The best place to start is knowing who you’re shopping for. Make a list of everyone you’d like to give a gift to and jot down a few budget-friendly ideas for each. Having a clear plan helps you avoid impulse buys and prioritize meaningful presents.

If you’re worried about sticking to your budget, PSBank Mobile app’s fund transfer feature can simplify things. You can immediately transfer your monetary gift to your loved ones’ accounts directly—quick, stress-free, and perfect for the busiest time of year.

Go digital for a smoother shopping experience
Keeping track of holiday spending can be tricky, especially when you’re juggling multiple transactions. Digital payment tools like QR codes are a lifesaver—no need to carry large amounts of cash or worry about complicated payment setups. PSBank’s QR code payment feature makes it easy to shop with just a scan, offering a seamless and secure way to settle purchases.

Skip carrying all your cards or cash
Holiday errands can be tedious especially when you do it last minute. It often requires quick access to cash, but carrying all your cards or large amounts of money can be risky. PSBank’s Cardless Withdrawal feature lets you withdraw cash securely from any PSBank ATMs using just your mobile phone—perfect for those spur-of-the-moment purchases or last-minute needs.

Don’t forget to gift yourself
While you’re busy giving to others, don’t forget to give yourself the gift of financial security. Opening a PSBank Mobile Savings account can be a thoughtful way to invest in your future. It’s an effortless way to build your funds while enjoying the festive season, ensuring you enter the new year on solid financial footing. You can effortlessly open an account with just one valid ID and opt to get the ATM that goes with it for free. You can do more with this app by opening a Mobile Peso Time Deposit account and allow your money to grow for a period of 30, 60, or 90 days with guaranteed fixed-rate returns.

Celebrate without financial stress
The holidays are all about giving, but it doesn’t have to come at the cost of financial stress. With a little planning and the right tools, you can enjoy a festive, stress-free season. PSBank Mobile makes holiday spending simple, so you’re covered wherever the season takes you.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a net income of PhP 4.0 billion after nine months ending September 30, 2024 or 19% better compared to the same period last year. The Bank’s solid financial performance was driven by higher operating income and better asset quality. Core revenues, which include net interest income, service fees and commissions, grew by 4% to PhP 10.52 billion. Increase in operating expenses was capped at 4%, ending at PhP 6.91 billion after three quarters.

PSBank’s total gross loans expanded by 12% to PhP 138 billion owing to sustained growth in auto, mortgage and business loans. Asset quality improved as gross non-performing loans ratio dropped to 2.8% from 3.4% a year ago.

The Bank’s total assets stood at PhP 219 billion while total deposits amounted to PhP 167 billion as of end-third quarter. Capital funds went up to PhP 43 billion with total capital adequacy ratio and common equity tier 1 ratio at 24.2% and 23.0%, respectively. Both ratios are above the regulatory minimum set by the Bangko Sentral ng Pilipinas and are among the highest in the industry.

"We remain well-positioned to serve the growing needs of our customers as we approach the final stretch of 2024. PSBank is gearing up for a more favorable interest rate environment which is seen to further boost consumer loan demand," PSBank President Jose Vicente Alde said.

In September 2024, PSBank achieved accolades from the Institute of Corporate Directors (ICD) through the ASEAN Corporate Governance Scorecard (ACGS) by earning the Double Golden Arrow recognition for its outstanding commitment to corporate governance. In addition, the Bank has been honored by the Social Security System (SSS) as the “2024 Balikat ng Bayan Best Disbursement Partner - Thrift Bank Category”.

If you’re looking for a sign to buy your first set of wheels, this is it! The holiday season is fast approaching, and with it comes the excitement of bonuses and incentives – making now the perfect time to take the leap.

If upgrading your daily commute has been on your mind, there's no better time than now. With irresistible promotions, booming car sales, and favorable loan options, 2024 could be the year you drive into the holidays in style. Read through to learn how you can secure an auto loan approval in just hours plus a limited time promo that will surely make your holidays merrier.

Car sales are booming (More choices for you!)

The Philippine automotive market has been growing steadily over the last decade, with a notable peak in 2017 when sales hit a record 487,000 units. Although there was a slowdown due to the pandemic, the market has rebounded impressively.

This rapid growth means more options for you! Car manufacturers are offering a wider variety of models at different price points. Whether you’re eyeing a fuel-efficient compact like the Nissan LEAF or need a spacious and eco-friendly family vehicle like the Toyota Innova Zenix, there’s something for everyone – and just in time for those holiday road trips.

Bonus season means more affordable car payments

The holiday season brings more than just festive cheer. It’s also when most employees receive their 13th-month pay and other bonuses. These windfalls provide the perfect opportunity to cover upfront costs when buying your first car, allowing you to enjoy the convenience and freedom of having your own vehicle. No more rushing to beat the commute during rush hour!

Lower interest rates and flexible terms

Majority of financial institutions have been offering competitive auto loans rates in recent years making car ownership more accessible than ever.

As car sales continue to soar and promotions grow more attractive, now is the perfect time to turn your dream car into a reality. With the market poised for record-breaking sales and financial institutions like PSBank offering low interest rates and flexible payment options, there’s never been a better moment to make a purchase.

PSBank Auto Loan Promo

PSBank's Auto Loan is designed to make the car-buying process simple and convenient. You can apply online and receive approval within 24 hours, so you can take advantage of the latest deals and promotions. From October 15 until December 31, 2024, PSBank is offering an exciting promo where customers stand a chance to win PhP10,000 in cash or up to PhP50,000 worth of fuel e-vouchers with their auto loan application. Visit PSBank’s promo page to learn how you can qualify for the promo.

To know more about PSBank auto loans, visit https://www.psbank.com.ph/loans/auto. You can also compute your monthly amortization through PSBank’s Loan Calculator.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, grew its net income by 18% to PhP2.56 billion in the first half of the year from PhP2.17 billion reported last year resulting in an annualized return on equity of 12.5%. The strong demand for consumer loans and improvement in credit quality contributed to the Bank’s solid financial performance. Net interest income rose by 4% year-on-year to PhP6.08 billion while total operating income, including service fees, commissions and other income, ended the half at PhP7.74 billion. Operating expenses increased by 5% to PhP4.62 billion.

The Bank’s total gross loan portfolio registered a 10% growth or PhP132 billion by the end of June 2024 versus last year's PhP120 billion. This was propelled by an 18% surge in auto loans as vehicle sales in the country continued its uptrend. With steady loan portfolio expansion, asset quality further improved as the gross non-performing loans ratio declined to 2.9% as of 1H2024 from 3.5% a year ago. Total assets closed at PhP220 billion while total deposits and capital reached PhP170 billion and PhP42 billion, respectively. The Bank's total capital adequacy ratio of 24.3% and common equity tier 1 ratio of 23.2% are above the regulatory minimum set by the Bangko Sentral ng Pilipinas and remain among the highest in the industry.

“By prioritizing customer-centricity and a proactive sales approach in our strategy, the Bank has seen consistent growth in its core business. Apart from providing top-notch quality service to our patrons, we ensure that the products we offer can pave the way for Filipinos to achieve their financial goals and aspirations. We are hopeful that the positive performance in the first half will be sustained for the rest of the year,” PSBank President Jose Vicente Alde said.

PSBank recently released the latest version of its mobile app with a smoother and more user-friendly interface where one can set the home screen to all or a single account view, save and share transaction receipts, and see detailed loan account information. Highlighting stunning visuals of iconic Philippine destinations, the enhanced PSBank Mobile app offers clients with a customizable display of frequently used features for a more personalized banking experience.

PSBank, the thrift banking arm of the Metrobank Group, registered a Php 1.20 billion net income in the first quarter of 2024, up 23% from the Php 976.88 million reported the same period last year. Core revenues, comprising of net interest income and net services fees and commissions, rose by 2% year-on-year to Php 3.49 billion, while operating expenses grew by 5% to Php 2.30 billion.

The Bank's total gross loan portfolio expanded by 10% year-on-year to Php 128 billion as of March 31, 2024. This was driven by the solid demand for motor vehicles which led to a 20% growth in auto loans. Gross non-performing loans (NPL) ratio remained in check at 3.4% resulting in lower provisions this quarter. Total assets reached Php 234 billion while total deposits and capital were recorded at Php 185 billion and Php 41 billion, respectively. Meanwhile, total capital adequacy ratio stood at 24.6% while common equity tier 1 ratio was at 23.5%. Both ratios are well above the regulatory minimum set by the Bangko Sentral ng Pilipinas and among the highest in the industry.

“Despite prevailing economic challenges, we continue to see steady growth in our core business following our record-breaking performance in 2023. PSBank remains dedicated to offering simple and effortless banking solutions to meet the rapidly evolving needs of consumers,” President Jose Vicente L. Alde said.

In January 2024, PSBank received Quill awards from International Association of Business Communicators (IABC) Philippines for its outstanding use of corporate communications through online videos and annual report. Additionally, the Bank’s multimedia and public relations materials garnered Silver Anvils from Public Relations Society of the Philippines.

PSBank, the thrift banking arm of the Metrobank Group, reported a record-high net income of PhP4.53 billion for the full year 2023, up 23% from PhP3.68 billion in 2022. This translates to a return on equity of 11.7%. The Bank’s strong financial performance came from the double-digit growth in loans, higher investment revenues and muted costs brought by operational efficiencies. Net interest income improved to PhP11.83 billion, increasing by 7% year-on-year while operating expenses declined by 1% due to continuous cost optimization efforts of the Bank.

"This significant milestone was a result of team work and steadfast commitment of PSBankers in delivering effortless banking to our clients and stakeholders. We want to leverage on this momentum to expand our coverage, provide diversified offerings and further invest in technology to level up customer experience in the succeeding years,” President Jose Vicente L. Alde said.

PSBank’s gross loan portfolio expanded by 12% to PhP125 billion from previous year’s PhP112 billion. Auto loans grew by 24% driven by higher demand on vehicles. Despite the increase in the Bank’s loan portfolio, gross non-performing loans ratio decreased year-on-year from 3.5% to 3.3% at the end of 2023, indicating better credit quality.

As of December 31, 2023, total assets closed at PhP238 billion while total deposits reached PhP190 billion. The Bank’s capital registered at PhP40 billion with total capital adequacy ratio and common equity tier 1 ratio at a sturdy level of 24.5% and 23.6%, respectively. The capital ratios are above the minimum levels set by the Bangko Sentral ng Pilipinas and among the highest in the industry.

PSBank garnered various awards and accolades in 2023. The Bank was recognized as an Outstanding Stakeholder by the Bangko Sentral ng Pilipinas and received the Double Golden Arrow Recognition for Excellence in Corporate Governance from the Institute of Corporate Directors. It attained the highest credit rating from PhilRatings and was included in Forbes' list of the World's Best Banks, ranking 7th among Philippine banks. The Bank was also honored as the Best Disbursement Partner in the Thrift Bank Category in the SSS Balikat ng Bayan Awards and was awarded with Gold and Silver Anvil Awards by the Public Relations Society of the Philippines for the use of social media and for its Tap campaign online videos, respectively.

These recognitions and record-breaking performance served as a testament to the Bank’s dedication and continuous efforts to provide exceptional PSBanking experience to all its clients and stakeholders.

PSBank, the thrift banking arm of the Metrobank Group, registered a net income of PhP3.37 billion for the first nine months of 2023, up 18% year-on-year. Return on equity was higher at 11.7%. The results were driven by the continuous expansion of its core businesses, primarily from growth in the auto loan portfolio, complemented by effective expense management.

Net interest income increased to PhP8.82 billion while revenues from net service fees and commissions rose to PhP1.33 billion. Operating expenses were reduced by 1% as the Bank was steadfast in its productivity and operational efficiency initiatives.

The Bank’s total loan portfolio grew by 12% year-on-year to PhP123 billion as of September 2023 with auto loans up 24% fueled by increased vehicle sales. Asset quality remained healthy with a gross non-performing loans (NPL) ratio of 3.4%, better than pre-pandemic levels.

As of end 3Q, total assets amounted to PhP236 billion while total deposits reached PhP188 billion. Capital improved to PhP40 billion with Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio at 24.6% and 23.7% respectively, with both ratios among the highest in the industry and above the minimum level set by the Bangko Sentral ng Pilipinas.

"Despite the unpredictable headwinds, we remain focused on sustaining our strong results while we continue to innovate on products, services and processes consistent with our commitment to deliver effortless banking to our customers,” President Jose Vicente L. Alde said.

For the third time, PSBank was conferred the Golden Arrow Award by the Institute of Corporate Directors (ICD) through the ASEAN Corporate Governance Scorecard (ACGS) for its excellence in corporate governance.

The Bank was also recently recognized by the Social Security System (SSS) as the “2023 Balikat ng Bayan Best Disbursement Partner - Thrift Bank Category”.

PSBank, the thrift banking arm of the Metrobank Group, grew its net income for the first half of 2023 to PhP2.17 billion, up 18% versus PhP1.84 billion the same period last year. This resulted in a higher return on equity of 11.4% compared to 10.4% in the first six months of 2022. The continuing uptrend in the Bank’s consumer loan releases, improvement in credit quality, and gains realized from productivity and efficiency initiatives further strengthened the Bank’s platform for sustainable earnings in the post-pandemic era.

Core revenues, composed of net interest income from loans and investments including fees, grew by 8% to PhP6.8 billion from PhP6.3 billion a year ago. Operating expenses remained subdued and was reduced by 2% as a result of ongoing cost optimization projects.

PSBank’s total loan portfolio expanded by 9% to PhP120 billion as of June 2023. This was primarily driven by the 21% increase in auto loans owing to the steady influx of demand for vehicle financing. Despite the portfolio increase, gross non-performing loans dropped by 11% resulting in a NPL ratio of 3.5%, better than pre-pandemic levels.

The Bank's total resources stood at PhP235 billion while total deposits reached PhP187 billion by mid-2023. Capital improved by 7% to PhP39 billion with Total Capital Adequacy Ratio at 24.6% and Common Equity Tier 1 Ratio at 23.7%. Both ratios are above the minimum level set by the Bangko Sentral ng Pilipinas (BSP) and among the highest in the industry.

"The Bank, through its recalibrated strategies and focus on enhanced customer experience, was able to benefit from the continued expansion of the economy and the sustained growth in consumer demand for the first six months. We are hopeful, despite the external headwinds, that this can be sustained for the rest of the year," President Jose Vicente L. Alde said.

PSBank, the thrift banking arm of Metrobank Group, reported P976.88 million in net income for the first quarter of 2023 or a 10% jump compared to the first quarter of last year. This double-digit increase was propelled by expansion in consumer loan portfolio, improvements in credit quality and prudent expense management.

The Bank's net interest income rose by 8% year-on-year to P2.95 billion, while net service fees increased by 7% at P464.60 million. Operating expenses were lower by 5% to P2.19 billion as the Bank continued to pursue cost optimization strategies resulting from initiatives on operational efficiency.

Gross loans as of March 31, 2023 increased by 4% to P116.00 billion versus same period last year due to higher consumer demand as the country’s economy opened up. The Bank’s auto loan portfolio grew by 13% year-on-year on the back of higher demand for car financing. Improvements in asset quality were sustained with gross non-performing loans (NPL) ratio improving to 3.2% from 5.0% last year.

Total assets reached P255.76 billion as of 1Q2023 while deposits amounted to P209.81 billion with low-cost CASA funds totalling P73.29 billion. PSBank’s capitalization remains strong at P37.82 billion, with total capital adequacy and tier 1 ratios standing at 24.6% and 23.8% respectively. Both ratios are well above the regulatory minimum and are among the highest in the Philippine banking industry.

 “Even as interest rates and inflation remain high, elevated consumer spending continues to persist which has fuelled significant retail loan demand for the early part of 2023. This works well for PSBank which primarily caters to the needs of the consumer market, specifically for their auto and mortgage loan requirements among others. As we remain cautiously optimistic for any possible short-term volatility attributed to overseas developments, we are equally confident of the organization’s ability to adapt to challenges, pursue business opportunities, and deliver well for our customers and stakeholders,” President Jose Vicente L. Alde said.

In March 2023, the Philippine Public Relations Society awarded PSBank Gold and Silver Anvils for the Bank's Official Facebook page and online account opening videos. The Anvil awards recognize PR tools and programs that meet the highest PR standards. Forbes' World's Best Banks for 2023 has recognized PSBank as one of the top 10 banks in the Philippines, making it the sole thrift banking institution included in the ranking. Published on April 11, the Forbes list was determined based on an online survey of more than 48,000 people in 32 countries. Participants were asked to rate their banks on general satisfaction covering the areas of: customer service, digital services, financial advice, terms & conditions, and trust.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, achieved a record-high net income of PhP3.68 billion in 2022, a growth of 139% or more than double compared to PhP1.54 billion in 2021.  The Bank’s remarkable performance is attributed to higher loan demand, better asset quality, increase in non-interest revenues and prudent expense management.

Total revenues reached PhP15.02 billion with combined fees, commissions, and other income amounting to PhP3.97 billion, higher by 34% year-on-year.  Sustained efforts in productivity, process efficiency and automation has kept operating expenses under control, increasing only by 2% versus 2021; and flat compared to the pre-pandemic level in 2019.  The Bank saw a significant drop in credit provisions by 57% versus the same period last year due to improved asset quality complemented by efficient collection and recovery efforts.  Gross non-performing loans ratio decreased from 6.1% in December 2021 to 3.5% in December 2022.

Total assets reached PhP264.42 billion while total deposits were at PhP213.77 billion.  Total capital was higher by 6% at PhP37.14 billion.  The Bank’s total capital adequacy ratio and tier 1 capital ratio also improved to 24.8% and 24.0% respectively, both exceeding the regulatory requirements set by Bangko Sentral ng Pilipinas.

“2022 was another milestone for PSBank as it posted a historic-high net income.  Aside from a recovering economy which resulted in rising consumer loan demand, our financial performance last year clearly is a reflection of our strategic resolve to consistently be customer-focused, and enable the power of technology to increase productivity and efficiency.  We have a strong and retooled workforce which demonstrated how organizational flexibility can be a key differentiator in a volatile business environment.  Even as we continuously make our digital services robust and reliable, our core service principle remains the same: always make it simple and effortless for our customers,” President Jose Vicente L. Alde said.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a net income of PhP2.85 billion for the first nine months of 2022, more than double growth of 126% year-on-year versus PhP1.26 billion in the same period last year. The solid income performance is a result of improvements in loan portfolio quality, increases in non-core revenue streams, gains from operational efficiencies, and improved loan volumes.

Net interest income reached PhP8.21 billion while revenues from net service fees, commissions and asset recoveries rose by 52% to PhP3.11 billion. Operating expenses remained in check growing only by 1% year-on-year. The Bank continues to implement productivity and operational efficiency improvements to manage costs even as investments are continuous to support digital initiatives.

Gross Non-Performing loans ratio went down significantly by almost half to 3.6% from 6.6% a year ago. With improving asset quality, the Bank reduced credit provisions to PhP969 million from PhP2.77 billion last year. Net Non-Performing loans ratio was at 1.6% by end-September 2022, an improvement from last quarter’s 2.0% and far lower than 3.9% of the same period in 2021.

PSBank’s total assets reached PhP252.96 billion as of September 30, 2022. Deposits were at PhP203.19 billion with low-cost deposits growing by 6% year-on-year. Total Capital funds grew 6% to PhP36.80 billion. Capital Adequacy and Equity Tier 1 Ratios improved further to 24.9% and 23.9% respectively, both of which are well above the regulatory requirement of the Bangko Sentral ng Pilipinas (BSP).

“Our retail proposition has been consistent. We have remained steadfast in our commitment to make banking simpler for our customers. With the improving levels of consumer spending, we have managed to book higher loan volumes specifically for auto and home during the first 9 months of 2022. We hope to see this momentum to carry through till year-end even as market conditions remain volatile. We will keep our digital service channels robust, reliable and secure, dedicated to consistently provide exceptional customer experience at every touchpoint,” PSBank President Jose Vicente L. Alde said.

With the industry move to shift to digital payments, PSBank recently enabled scanning of QRPh (“Scan to Pay”) as payment mode to retail stores and merchants via the PSBank Mobile. QRPh is the National QR Code Standard which unifies different domestic QR-based cashless payment schemes into one standard thereby allowing interoperability among participating institutions.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a PhP1.84 billion Net Income for the first half of 2022, a year-on-year growth of 109% versus PhP0.88 billion in 1H2021. The rise in profit was propelled by continuous improvement in loan portfolio quality, expansion of revenues from other operating income, and controlled operating expense.

Net interest income reached PhP5.45 billion while net service fees and commissions grew by 13%. A strong revenue growth of 101% in other non-interest income lines was likewise achieved. These were driven by increased business activities from the opening-up of the economy, and further relaxation of mobility restrictions. Growth in operating expenses remained under control at 3% year-on-year as the Bank continues its productivity and operational efficiency initiatives.

Gross Non-Performing Loans contracted by almost half since 1H2021 thus reducing credit provisions to PhP625 million from PhP2.17 billion a year ago. Net Non-Performing loans ratio was at 1.96%, better than pre-pandemic levels.

PSBank’s total assets stood at PhP268 billion as of end-June 2022. Total deposits were stable at PhP220 billion with low cost deposits growing by 10% year-on- year. Capital improved by 4% to PhP36.06 billion. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio remained strong at 24.6% and 23.5%, respectively; both of which are way above the regulatory requirement of the Bangko Sentral ng Pilipinas (BSP).

“We observed a significant increase in consumer lending activity during the first semester of 2022. The Bank remains optimistic that this can be sustained for the remainder of the year despite ongoing geopolitical events and other external factors. We will continue to be proactive in our strategy to adapt to the changing market conditions with our focus on productivity, operational discipline, innovation and customer experience. As the economy grows, we expect increased business opportunities; and the Bank is well-prepared to provide the banking needs of consumers,” PSBank President Jose Vicente L. Alde said.

In June 2022, PSBank and Toyota Philippines launched the “Say Hi to Hybrid Auto Loan” promo. The offering aims to help pave the way for sustainability by making it easy and affordable to own a Toyota Hybrid Electric Vehicle through PSBank with lower rates and free one-year comprehensive auto insurance. This special offer is available in any PSBank branch or through the Bank’s online auto loan application facility. The Bank will also soon make available in its PSBank Mobile App the QRPh Pay-to-Merchant functionality which aims to further promote cashless payments at various merchant establishments nationwide.

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Philippine Savings Bank (PSBank) and Toyota Motor Philippines (TMP) team up for “Say Hi To Hybrid Auto Loan” promo, an offering that aims to help pave the way for sustainability by making Hybrid Electric Vehicles (HEVs) more accessible to Filipinos.

HEVs are eco-friendly cars that are fuel efficient, have a self-charging battery, and are easy to maintain, making them the more sustainable option for the environment and for the budget.  Topnotch examples of HEVs include Toyota’s Corolla Cross 1.8V Hybrid and Corolla Altis 1.8V Hybrid CVT, both supported by the Say Hi To Hybrid Auto Loan Promo.

PSBank and TMP’s promo offering includes FREE 1- YEAR COMPREHENSIVE CAR INSURANCE and LOWER RATES when availing any of the two Toyota HEVs through PSBank Auto Loan. This special offer will run from June 1 to August 31, 2022.

“Many people are now shifting to a more sustainable lifestyle and we at PSBank want to further empower them by making owning a Toyota HEV easy and affordable through our Auto Loan facility, special rates, and free one-year insurance. Together with Toyota, we serve two purposes: giving an excellent deal and doing our share in saving the environment,” said PSBank Senior Vice President and Marketing Division head Emmanuel A. Tuazon.

"Partnering with PSBank to make HEVs more accessible to Filipinos is an exciting feat for us at Toyota. With the special offer, we hope to encourage more people to live a more sustainable lifestyle on the road, one hybrid ride at a time," said Toyota Motor Philippines First Vice President for Marketing Division Sherwin Chua-Lim.

For individuals wanting to live an eco-conscious life on the road and avail the Say Hi To Hybrid Auto Loan promo, they can apply through the PSBank website’s online loan application facility or go to the nearest PSBank branch. After accomplishing and submitting the application form online or through PSBank branch, clients will receive a credit decision within 24 hours. For more information about the promo or PSBank Auto Loan, follow facebook.com/psbankofficial, go to the nearest PSBank branch, or LiveChat with us. 

Click here for the promo mechanics.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a Php888 million net income for the 1^st quarter of 2022, up 102% year-on-year. The surge in net income was driven by revenues from other operating income and improved asset quality.

The Bank's net interest income reached Php2.7 billion while service fees and commissions rose by 14% as loan demand expanded when quarantine restrictions were loosened. Non-interest income also went up by 190% resulting from increased business activities. This was offset by an uptick of 6% in operating expenses due to higher volume albeit being kept in check through continuous improvements in productivity and operational efficiency.

The Bank’s asset quality further improved resulting to the reduction in credit provisioning by 68% to Php346 million from Php1.1 billion a year ago. Gross non-performing loans is back to pre-pandemic levels, posting a decline of 30% from the same period last year.

The Bank’s balance sheet became stronger. Total assets grew 16% to Php263 billion year-on-year. Total deposits jumped by 24% to Php217 billion with low-cost checking and savings deposits increasing by 9%. Capital position improved by 2% to Php35 billion as of first quarter-end 2022. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio improved to 24.5% and 23.4%, respectively. Both ratios remain above the regulatory minimum.

“Our recalibrated business models to include data-driven approaches to credit and collection continue to serve us well as we ride on the momentum of improving consumer confidence which began with the opening up of the economy by end-2021. With our strategies firmly in place, we see our growth and strong financial performance to be sustainable even as there may be potential volatility brought by adverse offshore developments,” PSBank President Jose Vicente L. Alde said.

Despite challenges in the market primarily caused by the health crisis, PSBank has maintained its Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook from the Philippine Rating Services Corporation (PhilRatings). Such rating reflects the company’s very strong capacity to meet financial commitments relative to other Philippine corporates; and seen to be unchanged in the next 12 months.

Philippine Saving Bank (PSBank), the consumer and retail bank arm of the Metrobank Group, kept its Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, from the Philippine Rating Services Corporation (PhilRatings).

A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates. PRS Aaa (corp.) is the highest Issuer Credit Rating assigned by PhilRatings.

A Stable Outlook, on the other hand, is assigned when a rating is likely to be maintained or to remain unchanged in the next 12 months.

The ratings reflect PSBank’s strong market position, sound capitalization and prudent loan provisioning, strong Parent and highly-experienced management team.

PhilRatings’ ratings are based on available information and projections at the time that the rating review was performed. PhilRatings shall continuously monitor developments in relation to PSBank and may change the rating and Outlook at any time, should circumstances warrant a change.

Based on data from the Bangko Sentral ng Pilipinas (BSP), PSBank was the country’s second largest thrift bank, as of December 31, 2021. PSBank ended the year with total assets of Php260.8 billion. The bank likewise ranked second in terms of deposits (Php216.8 billion) and net loans (Php111.5 billion), and ranked first in terms of capital (Php33.5 billion). The bank is a significant player in the consumer banking sector. According to PSBank, it accounted for 44% and 21% share of the thrift banking sector’s auto loans and residential real estate loans, respectively as of end-2021.

PSBank has maintained a healthy capitalization. Capital Adequacy Ratio (CAR) stood at 24.3% as of end-December 2021, up from 19.4% in 2020, and exceeding the regulatory minimum.

As Gross Non-Performing Loans (NPL) ratio grew to 6.7% in 2020, from 3.6% in 2019, PSBank was proactive in its provisioning given the potential credit risks brought by the pandemic. Provision for impairment and credit losses expanded by 189% in 2020. Gradual recovery from the effects of the pandemic resulted in improved asset quality for 2021. Gross NPL declined by 29% from the previous year while the Gross NPL ratio improved to 6.1%. Following better asset quality, PSBank reduced its provision for impairment and credit losses by 52% in 2021.

Metropolitan Bank and Trust Company (Metrobank) is the major shareholder of PSBank, with equity stake of 88.4%, as of December 31, 2021. Metrobank is a BSP-licensed universal bank, and was the Philippines’ third largest bank based on assets of Php2.2 trillion, as of December 31, 2021. It similarly ranked third based on loans (Php1.1 trillion), fourth in terms of deposits (Php1.7 trillion), and second in terms of capital (Php306.8 billion).

The management team, led by Jose Vicente Alde as President, is considered as highly-experienced banking professionals. Mr. Alde’s solid background on Information Technology is seen as significant, given the banking industry’s strong push for digitalization in response to the pandemic. 

Philippine Savings Bank (PSBank) closed the year 2021 with a net income of Php 1.5 billion, higher by 39% from previous year. The strong income performance was on the back of the increase in fee income by 22%, operating efficiencies which saw expenses decline by 3%, and the reduction in loan loss provisions owing largely to improved asset quality and effective collection efforts. Net non-performing loans ratio significantly dropped to 3.4% from 5.2% in 2020.

Total deposits grew 29% to Php 216.80 billion from Php 167.46 billion. Year-on-year, the Bank saw loan applications increasing. As the economy opened up and pandemic alert levels downgraded, consumer loan demand started to pick up in the second half of 2021.

“Our financial performance in 2021 is a testament of the strength of the Bank’s balance sheet, and the agility of the organization to quickly adapt to volatile market conditions. Our early and proactive efforts to adjust our strategies and operations allowed us to be at the forefront of opportunities as they unfold,”  PSBank President Jose Vicente L. Alde said.

Total assets closed higher by 19% to Php 261.81 billion from Php 219.41 billion a year ago. PSBank’s capital position was strong at Php 34.89 billion. Total Capital Adequacy and Common Equity Tier 1 (CET1) Ratios improved significantly to 24.3% and 23.2% respectively, both above the statutory requirement set by the Bangko Sentral ng Pilipinas (BSP).

The Bank was also recognized as one of BSP’s Outstanding Stakeholders for being an exemplary partner in promoting its advocacies. In the same year, the Institute of Corporate Directors (ICD) bestowed the Golden Arrow Award to PSBank for its commitment to good corporate governance.

In 2021, the Bank made available an Account Onboarding Facility through the PSBank Mobile App which allows new-to-bank clients to seamlessly open a savings or prepaid account without the need to go to any of its branches. Customers can now also reload their Tollway RFIDs via the PSBank Online and Mobile App, as well as pay their PSBank Loans in all 7-Eleven outlets.  The reliability and exceptional user experience provided by its digital platforms saw mobile and online transactions nearly quadruple in the last two years.

“The last two years of the pandemic have highlighted the importance of organizational flexibility. PSBank was able to harness the skills of its people and switch resources to business operations which need more attention, has higher demand or present new opportunities.  Our digital transformation roadmap launched earlier than the pandemic allowed us to stay ahead of our customers’ requirements for non-contact banking. Relevant customer experience has remained at the center of what we do – true to the Bank’s core value of “Simple at Maaasahan,” President Alde added.

Philippine Savings Bank (PSBank) renews support for the welfare of visually impaired, indigent and special children through the Bank’s annual donation to its corporate social responsibility (CSR) partners -- World Vision, Chosen Children Village Foundation, Inc. (CCVFI), and Resources for the Blind, Inc. (RBI).

Photo courtesy of Chosen Children Village Foundation, Inc.

PSBank donated a total of PhP300,000 to aid these three child-friendly organizations in providing shelter, basic necessities, education, and other special needs for the underprivileged children under their care.

World Vision commits in using the financial assistance to continue their programs for the welfare of underserved Filipino families. The organization spearheads community development initiatives and helps parents find a source of livelihood to better support their kids. They also provide emergency assistance to those affected by natural disasters.

“As the largest non-profit organization in the Philippines, World Vision helps over 1.5 million children every year.  With the support of thousands of Filipino sponsors and donors such as PSBank, the children, along with their families, were able to build a sustainable life in all of its fullness,” said World Vision Donor Care and Development manager Precious Hope Basco.

The Bank’s other partner, Chosen Children Village Foundation, provides abandoned children with mental and physical handicaps a caring and loving home. They also train the children as they grow to adulthood to become productive and self-reliant members of the society despite their disabilities.  To date, there are over 80 children who are being rehabilitated and cared for in their facility in Silang, Cavite.

CCVFI  Executive Director Adrian Mendoza expressed his gratitude to the bank in his remark: “Your generosity and love enable us to continue living with our mission of providing a haven for these angels and creating programs to maximize their potential and quality of life despite their mental, physical, and social difficulties.”

Meanwhile, PSBank’s donation to the Resources for the Blind was intended to help realize the organization’s mission in helping blind Filipinos reach their full potential through counseling, education and training, and rehabilitation programs. RBI also aims to transform the children’s lives into becoming an integral part of society by teaching them basic functions like chores in the home and other daily activities.

“With the untiring support and generosity of our corporate partners like PSBank, we equipped the children with the means to go to school and access the education system, thus giving them a chance for a brighter future,” said RBI Executive Director Amelia M. Torrente.

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a net income of Php 1.26 billion for the first nine months of 2021, driven by increase in non-interest income, prudent management of expenses, and improvement in loan loss provisions.

Total assets expanded by 21% to Php258.75 billion as the Bank continued to grow its deposit base by 32% to Php213.51 billion. Low-cost CASA increased by 10%. As consumer loan demand remains slow, net interest income decreased by 11% compared to the same period last year. This was offset by an increase in non-interest income net of trading gains by 71% and reduction in operating expenses by 3%. The Bank booked credit provisions of Php2.77 billion, aligned with the industry-wide reduction in loan losses, as net non-performing loans improved to 3.9% from 5.2% as of end-2020.

PSBank’s capital remained formidable at Php 34.88 billion as of end-September 2021. Capital ratios were more than double the regulatory minimum with Capital Adequacy Ratio of 23.2% and Common Equity Tier 1 Ratio (CET1) of 22.1%.

“With less COVID-19 cases registered daily and the speed at which vaccination is rolled-out, we should see more businesses opening up and consumer demand improving. In the past year, we have seen how the operating environment changed. PSBank is taking steps ahead. We have been recalibrating our infrastructure and business models to ensure that we are more than equipped to take on the opportunities of a new business environment,“ PSBank President Jose Vicente L. Alde said.

In September 2021, the Bank launched its Online Account Onboarding facility which allows customers to open a savings and prepaid account without the need to go to the branch. The process of account opening is completed seamlessly end-to-end via the PSBank Mobile App. Clients who prefer to have ATM cards can have them delivered at their doorstep. The new feature was launched in social media under the “Stay Safe: Tap, Tap, Tapos Agad” campaign.

“While we are one with the industry in strengthening digital banking capabilities, the priority has always been the safety of our customers and employees. We have pursued making our Mobile and Online Banking platforms robust and packed with relevant functionalities to enable customers to do most if not all of their banking transactions without going to a branch,” President Alde added.

Not too long ago, the only way to get hold of a savings account was to physically visit a bank. Today, with lots of technological advancement, opening a savings account with just a couple of clicks on your mobile device is fast becoming the new norm.

Leading the change on this front is PSBank, which recently launched the Online Account Opening feature of its mobile banking app. The bank’s primary reason for this feature is simple -- to make banking hassle-free and safe for Filipinos by bringing the first step of digital banking right at their fingertips.


In choosing a banking app, here are 5 reasons why the PSBank Mobile is a must-have:

ADVANCED/CUTTING-EDGE FEATURES. Suffice it to say, times have changed. With online banking, you get to do a variety of financial transactions while at the safety of your home. What’s cool about the PSBank Mobile app is you can now open a peso savings or prepaid account via the app with just one valid ID and a selfie. It also offers a wealth of built-in money management features and powerful functionalities which lets you do your banking requirements such as pay bills, transfer funds using account number or QR code, monitor your accounts in real-time, P2P payment using PayMe, grow your money through time deposit placement, apply for a loan, even deposit checks 24/7 and a lot more in between watching your favorite shows on Netflix or while sipping a cup of coffee at home.

CONVENIENCE. Let’s face it—who has time to wait in line and accomplish transactions within limited banking hours? There’s a lot you can do with the time you’ll spend visiting a bank. The simple, intuitive design and navigation of the PSBank Mobile app allows you to complete banking tasks with just a few taps on your smartphone and the app wherever you are, whenever you want. Yup, that’s as quick and easy as it gets.

SECURITY. With the rise in cyber fraud and financial scams, you would definitely need assurance that your hard-earned savings or accounts are secure. What’s great about the PSBank Mobile app is you can securely log in to the app using either face or fingerprint ID and transactions are authenticated by an OTP (One-Time Password) sent to your registered mobile phone.  Moreover, the app has an ATM Lock feature which allows you to lock/unlock your ATM card account/s to prevent it from unauthorized use.   

CONTROL. Nothing beats being able to access, manage, and move money as you see fit – from anywhere at any time. In addition to being able to perform banking tasks, you can also schedule transactions with the all-around PSBank Mobile banking app so you will not fall behind on your bills, forget to send money or reload your mobile phones. It also has and allows you to manage alert notifications for things like loan due date, withdrawal and other debits, and account balances. 

24/7 ACCESS TO CUSTOMER SERVICE. Well-designed mobile banking apps make it clear how to get help fast. Assistance via the PSBank Mobile app come with a simple tap and in the form of LiveChat, phone, email or filling out an online form.

The PSBank Mobile banking app truly is packed with powerful functionalities and more. It’s one of the most complete, reliable, and user-friendly banking apps in the market today.

“Our commitment to innovation, convenience, and safety is what drives us to keep adding new features in our mobile banking app that we know would be of great help to Filipinos who live in an ever-increasing digital world. And we’re just getting started. There’s so much more to look forward to in the coming months,” said Noel Tuazon, PSBank Senior Vice President & Marketing Group Head.

Download the PSBank app from Apple Store or Google Play Store today.

Philippine Savings Bank (PSBank) made banking simpler and safer with its new digital offering -- allowing Filipinos to open a PSBank peso savings account via its Mobile App.  With just one (1) valid ID, a selfie, and with literally just a few taps, tapos agad!

What used to require at least a visit to the bank is now replaced by an online account opening service through one’s smartphone and the PSBank Mobile App.

The app allows customers to enjoy hassle-free, safe banking and easily and conveniently do tasks such as bills payment, fund transfers, mobile check deposits, time deposit placements, toll RFID and telco reload, loan application, and now account opening in the comfort of their homes. 



“Our customers’ safety is our number one priority. This is the reason why we continuously strengthen our digital infrastructure so that Filipinos can do their banking transactions whenever they want and wherever they are. Supplementing today’s consumer lifestyle, this new feature allows customers to do more despite staying indoors,” shares PSBank Senior Vice President for Marketing Noel Tuazon.

PSBank’s online account opening service completes the bank’s suite of digital services, designed to keep in step with its customers’ ever-evolving needs. The PSBank Mobile App offers a well-rounded and best-in-class user experience, from real-time account management to savings growth and security.

Meanwhile, customers may open a maximum of two (2) accounts online. New customers may also request a PSBank Debit or Prepaid Mastercard for their newly opened deposit account and have it ready for pick up at any PSBank branch or delivered to their registered mailing address.


Innovation for safety

Aside from convenience and security, innovation for consumer safety drives PSBank’s mission to upgrade and develop its products and services.

“Our clients can attest that we constantly innovate to make banking simpler and so much easier. We are the first lender to introduce Cardless Withdrawal, the ATM Lock feature, Mobile Check Deposit, among other things,” Tuazon notes. “This time, innovation becomes our tool in helping Filipinos safeguard their health. Trust that we will keep on harnessing digital technologies and continue to upgrade our industry-leading product and service offerings for our customers,” he adds.

Click here to know more about PSBank Online Account Opening. 

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a net income of Php 879 million for the first half of 2021, primarily driven by an increase in fee income, reduction in expenses, and lower provisioning.

Year-on-year, total assets grew 17% to Php 271.7 billion. Total deposits increased by 24% to Php 220.4 billion with low-cost CASA growing by 9%. With muted consumer loan demand, net interest income slipped by 14% from the same period last year. This was compensated by an increase in fee income by 26% and a reduction in operating expenses by 5%, resulting in a cost-to-income ratio of 57.3%. Sustained improvement in loan portfolio quality was observed with non-performing loans continuing to be on a downtrend. Net non-performing loans ratio remained manageable at 4.2%, down from 5.2% of end-2020.

PSBank’s capital position remained strong at Php 34.76 billion as of June 2021. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) improved to double the regulatory minimum at 22.1% and 21.1%, respectively.

“While there were signs of recovery especially in the second quarter of 2021, the market still remained volatile and cautious. We are optimistic of the prospects ahead as we see considerable progress in the vaccination rollouts and the heightened adherence to safety protocols. With customer and employee safety as our priority, we are committed to ensure that our contactless service platforms like the Mobile and Online banking are available 24/7, and robust with functionalities that allow them to do their banking transactions at home,” PSBank President Jose Vicente L. Alde said.

Recently, the Bank has enabled the real-time reloading of Autosweep and Easytrip Toll RFIDs through the PSBank Mobile App, and the payment of loans in all 7-Eleven convenience stores.

Last July 30, the Bangko Sentral ng Pilipinas (BSP) awarded PSBank as one of its Outstanding Stakeholders for 2021 in recognition of the Bank’s invaluable contribution and support to the BSP’s programs, policies, and advocacies which included going beyond the call of duty at the height of the global health crisis.  The BSP recognition creates a greater sense of awareness and responsibility for banks in ensuring responsiveness and greater efficiency in serving and protecting the interests of their clients and the general public, as well as adhering to the best practices of customer service.

Philippine Savings Bank (PSBank) has made banking simpler and more maaasahan with its new partnership with Electronic Commerce Payments Inc. (ECPay), the leading electronic payment service provider in the Philippines.

With PSBank and ECPay’s partnership, customers can now pay their Auto Loan, Home Loan, Flexi Personal Loan, and Business Loan through 7-Eleven, one of ECPay’s merchant partners, the biggest convenience store chain in the country with more than 3,000 branches nationwide.



“As more Filipinos turn to technology to handle their financial transactions, we are committed to develop new ways for them to manage their finances. By leveraging the reliable technology of ECPay and the ubiquitous presence of 7-Eleven, we are able to reach more customers and make their financial transactions as fast, simple, and reliable as our in-branch and mobile options,” says PSBank Senior Vice President & Marketing Group Head Noel Tuazon.

There are two ways to initiate payment via ECPay through 7-Eleven.  First, customers simply use the CLiQQ kiosk machine, select “Bills Payment,” “Loans,” then “PSBank.” From there, they need to encode their loan account number, mobile number, and the amount due. After entering the requested details, they must tap “Confirm” and wait for the barcode to be generated which they need to present to the cashier for verification. Once validated, they give their cash payment together with the corresponding service fee to the cashier. The cashier provides an electronically-generated official receipt, which will serve as their proof of payment. Only machine-validated payment receipts or an electronic acknowledgment receipt will be honored by the Bank.

The second option is more viable for on-the-go individuals. They can make a similar transaction anywhere, anytime using the free-to-download 7-Eleven CLiQQ app on their smartphone. Following the same process, customers just need to visit a 7-Eleven branch to present the barcode generated on their app for validation, pay the amount due, and get the official receipt.

Only loan accounts with active, current, or updated status are eligible for payments through 7-Eleven. Customers may make partial payments on or before their due date. Payments made before 11:30 PM cut-off time on weekdays will be processed and posted to the account within the day, while those settled on weekends or holidays will be posted at the end of the next banking day. 7-Eleven only accepts cash payments. Customers may pay up to PhP10,000 per transaction if initiated using the CLiQQ kiosk machine and up to PhP50,000 per transaction via the CLiQQ app.

Customers may check if the payment is posted through the transaction history under My Accounts in PSBank Mobile, My Loan Accounts in PSBank Online, or Basic Banking in Business Online Buddy. They may also call the Customer Experience Hotline at (02) 8845-8888, send an email at [email protected], or LiveChat with PSBank at www.psbank.com.ph.

Payments to PSBank loans via ECPay through its merchant partner 7-Eleven, joins a suite of loan payment options that PSBank customers can access, including PSBank Mobile, PSBank Online, InstaPay, PESONet, GCash, PSBank ATMs, BancNet-member banks’ ATMs and for corporate accounts via Business Online Buddy. All these can be accessed without having to visit a PSBank branch, as part of the bank’s promise of a seamless and convenient banking experience for customers.

“As the simple at maaasahang bank of Filipinos, we are constantly looking for ways to serve our clients’ evolving needs. Our partnership with ECPay is just the latest initiative for a better banking experience. We will continue to upgrade and develop our products and services, as we expand our network of electronic payment partners at the same time,” shares Tuazon.

Click here for more details on payments to PSBank loans via ECPay through 7-Eleven.

PSBank made the instant and hassle-free reloading of Autosweep and Easytrip Toll RFIDs available via the PSBank Mobile App.*

With the PSBank Mobile Toll RFID reload facility, PSBank customers will now be able to save time and breeze through tolls as with just a few taps, their Autosweep or Easytrip account will be reloaded immediately.

A fee of PhP10 will be deducted from the customer’s PSBank account when they make an Autosweep reload. For Easytrip reloads, the fee will be deducted from their Easytrip account.

*Available in the latest version of PSBank Mobile. To experience this new feature, update your APP NOW!  

Reloading Autosweep and Easytrip Toll RFIDs via PSBank Mobile is simple and easy.  Here’s how:

Click here for more information on Toll RFID reloading via PSBank Mobile.

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, further extends the waiving of fees for PESONet and InstaPay transactions made via the PSBank Mobile App and PSBank Online until June 30, 2021.

PSBank aims to continue to encourage customers to take advantage of the opportunity to send money to other banks for free as well as do #SafePSBanking from home using its mobile and online channels for easier and safer transactions amid the continued surge of COVID-19 cases in the country.

“Our top priorities always include customer safety and convenience. That is why we want to ease their worries as much as we can--especially in these challenging times--mainly through extending the waived fees for mobile and online transactions until mid-year,” says Emmanuel Tuazon, PSBank Senior Vice President and Marketing Group Head.

Philippine Savings Bank’s (PSBank) pre-provision operating profit was up 8% to PhP1.61 billion from a year ago owing to increase in other operating income, reduction in expenses and improved margins arising from reduced cost of funds. As the bank sustained its conservative provisioning strategy with a 39% increase versus last year, PSBank posted PhP439 million net income for the first quarter of 2021.

Gross revenues stayed flat year-on-year at PhP3.77 billion. Net interest income contracted slightly by 3% to PhP3.14 billion. Low-cost CASA deposits grew 12% to PhP67.86 billion, resulting in improvements in asset margins to compensate slower demand for retail loans during the pandemic. The Bank continued to reap benefits out of its operational productivity and efficiency initiatives. Operating expenses saw a decline of 6% from same period last year. Cost-to-income ratio further improved to 57% from 69% recorded last quarter.

“As the pandemic continues to affect the business environment, prudence dictates that we maintain a conservative stance on our provisioning to cushion any potential risks on asset quality. Our balance sheet has remained very stable with ample liquidity, and our capitalization strong. These ensure that the Bank is in the best position to take on opportunities when the economy starts to recover,” PSBank President Jose Vicente L. Alde said.

The Bank’s capital position was at PhP34.64 billion as of quarter-end 2021. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) further improved to 21.0% and 19.7% respectively, close to double the regulatory minimum. Total assets closed PhP227.5 billion, up 4% from December 2020. Net non-performing loans ratio went down to a manageable 4.3% from 5.2% of previous quarter-end.

PhilRatings gave PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook citing on the Bank’s strong capitalization thus having a strong capacity to meet its financial commitments relative to other Philippine corporates.

PSBank is the thrift banking arm of the Metrobank Group.

Philippine Savings Bank (PSBank) recently won a Silver Anvil for its 2019 Annual Report at the recently concluded 56^th Anvil Awards.

The PSBank 2019 Annual Report entitled Redefining Journeys – Crossing Another Decade, showcased the significant changes the Bank made in its processes and systems, the way it effectively harnessed data and technology, and how it was able to engage its customers more actively by embedding a culture of service across all levels of the organization -- all geared towards making a positive impact in the lives of its customers.

The report’s theme Redefining Journeys conveys how the bank sets itself apart by elevating customer experience through employee enablement.

The annual Anvil Awards of the Public Relations Society of the Philippines recognizes public relations programs and tools that meet the highest PR standards. It is one of the most coveted prizes in the Public Relations industry as entries undergo a rigorous screening process handled by a distinguished multi-sectoral jury.

Philippine Savings Bank’s (PSBank) operating income surged to 31% before provisions to Php7.45 billion last year.  This enabled the Bank to set aside additional loan loss provisions to three times over to Php6.40 billion in view of the ongoing pandemic conditions. The Bank closed 2020 with Php1.108 billion net income.

“On the back of a strong balance sheet and capitalization, the Bank stayed resilient amidst the challenges of 2020.  As a matter of strategy, we took a conservative stance on credit provisioning in anticipation of risks associated with the pandemic.  The Bank prioritized the safety of its employees and customers by quickly instituting Covid-19 safety protocols.  We strengthened our digital platforms and made them reliable as the demand for digital banking services exponentially rose,” PSBank President Jose Vicente L. Alde said.

Gross revenues was 13% higher at Php16.57 billion. Net interest income showed improvement by 21% to Php 13.75 billion, owing to a significant growth in low cost CASA deposits and the decline in interest of term deposits. CASA deposits grew 16% to Php67.25 billion from Php58.18 billion. In line with initiatives to improve operating efficiencies, operating expenses were kept in check and increased by only 2%.

PSBank’s capital position remained strong at Php34.51 billion. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) further improved year-on-year to 19.4% and 18.1% respectively. Both are above the statutory requirement of 11% set by the Bangko Sentral ng Pilipinas. Total assets closed at Php219.41 billion. Net non-performing loans ratio was at a manageable 5.2%.

The Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, citing on the Bank’s highly-experienced management team and strong capitalization thus having a very strong capacity to  meet its financial commitments relative to that of other Philippine corporates.

In 2020, digital enrolments and utilization increased 56% and 143% respectively. The Bank waived fees for interbank transfers thru InstaPay and PESONet to further promote digital payments. By mid-year, PSBank made available the booking of time deposits via Mobile and launched the national standard-compliant QR Code for use in fund transfers/payments. For the safety and convenience of loan customers, settlement of PSBank loans via InstaPay was also made available in the last quarter of the year.

“As the economy slowly opens up in 2021, we shall remain positive and hopeful that our recalibrated business models will deliver and continue to adapt to the new environment. We will continue to pursue our digital transformation roadmap by delivering on what is relevant and simple for the customer,” President Alde added.

Each new year comes with the promise of a better future for many individuals and families. To most, it is the opportune time to achieve new goals, to upgrade standards of living, and to seize new, exciting opportunities.

PSBank, everyone’s “simpleng maaasahan” bank recognizes the importance of this period, marked by resolutions and commitments — and invites all to make a firm, positive decision to progress in the attainment of their aspirations, through the act of purposefully saving money.

The Bank believes that this allows one to level up, to grab what the new year and the new decade has to offer to those who actively prepare for it.

Look through these exciting ways on how you can grow your funds surely and securely this 2020 through PSBank’s Savings Account offerings:

PSBank ATM Savings – Commit to have an Average Daily Balance of PhP5,000, and have the benefit of earning a fixed interest rate as you further save. Access your account securely any time of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide. You can also avail hassle-free settlements of your utility and credit card bills, and experience the convenience of cashless shopping through BancNet’s electronic payment facility.

PSBank Regular Passbook Savings – Whether you’re saving up for an investment, a special life event, or an emergency fund, you can be assured that PSBank will make it easy for you. Having a Regular Passbook Savings Account gives you the benefit of also earning a fixed interest rate, and provides you a convenient way to monitor all your transactions.

PSBank Passbook with ATM – Maintaining a Passbook with ATM account with PSBank offers more than convenience and fixed interest rates. It also comes with a PSBank Debit Mastercard that allows you to safely access your funds, whether you are in the country or abroad.

PSBank Kiddie and Teen Savers – For those with children, starting kids early on the habit of saving will impart a discipline that will carry them throughout life. PSBank’s Kiddie and Teen Savers accounts are accompanied by free personal accident insurance from the Charter Ping An Insurance Corporation, allowing your child or teen the possibility of getting coverage equivalent to five times the value of the Average Daily Balance. These accounts may be opened as In-Trust-For (ITF) accounts, as joint accounts, or as individual accounts for each of your children.

PSBank Personal Checking Account – Possess check-writing flexibility for worry-free payments of your bills and other financial transactions whenever you need it. Open this account at any of the Bank’s branches and enroll in PSBank Mobile and PSBank Online to experience delightful banking moments.

PSBank’s Senior Vice President and Marketing Group Head Emmanuel Tuazon says, “As we enter this new year, we want to give our customers the ability and resources to become their best selves, through disciplined saving. We are confident that our suite of diverse Savings Accounts will allow them to do just that, and more — by instilling in them the importance of being prepared, and of having the mindset of constant improvement. We invite everyone to check out all of our products and services today.”

The New Year is undoubtedly one of the most exciting times of the season. This is the period when people, young and old alike, take the chance to remember the events of the year that has passed and look forward to the many opportunities that are in store for them.

As families and individuals enter a new decade, goals are created, revived, and are actively set in place. PSBank, as everyone’s “simpleng maaasahan bank” recognizes these aspirations in the lives of its customers — and purposefully presents solutions that allow it to be a reliable, consistent partner in the achievement of these important plans.

With its wide, innovative, and secure range of banking services and products, PSBank ensures that excuses fly out of the window — surely, there is no better time to seize the moment and take the chance to live life to the fullest.

Check out these PSBank offerings today, and see how you can make 2020 your best year ever:

PSBank ATM Savings – Grow your money and have the benefit of earning a fixed interest rate with a bank you can trust, as you work towards accomplishing your goals. Have the privilege of accessing your account anytime of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide.

PSBank Cardless Withdrawal – Forgot your ATM? PSBank assures you that you don’t have to worry about it, ever. With just a few taps on your smartphone, you’ll able to safely withdraw your hard-earned cash from over 599 ATMs nationwide. That’s peace of mind — ight in the palm of your hand.

PSBank Mobile Check Deposit – New year, new way of depositing checks. No longer do you have to physically go to a bank to get them cleared. Now all you have to do is take a photo through PSBank’s Mobile App, and you’re all set.

PSBank PaSend – Sending cash is no longer a chore with this remittance service. For a very minimal transaction fee, you can easily send money to family, friends, and partners, anytime and anywhere — even to those who don’t have an account with the Bank. The funds you send may be withdrawn 24/7 at any PSBank or Metrobank ATM.

PSBank Time Deposit – Be more as you do more with your money. With PSBank’s Time Deposit offering, not only do you enjoy a low initial deposit amount, but you also gain profit in as fast as 30 days. Talk to PSBank and we’ll help you understand and manage your account as our firm commitment.

PSBank Auto Loan – Have you been eyeing a new car for your family or for yourself? PSBank has got you completely covered. Offering competitive interest rates and a fast approval time, the Bank will surely make possible the deal you’ve been craving for. Enjoy the bank’s Prime Rebate feature when you avail its Auto Loan which lets you earn discounts on your loan when you make advance or excess payments on your monthly due.

PSBank Home Loan – Experience the family lifestyle you’ve been working so hard for this coming year through PSBank’s Home Loan. Enjoy loan approval in as fast as 24 hours, with convenient terms, and even better rewards. Benefit from Bank’s Prime Rebate feature — making the process of purchasing your new house even more fulfilling.

PSBank Personal Loan – This 2020, have the funds that will enable you to realize your travel and other life goals. PSBank’s Flexi Personal Loan, which also comes with Prime Rebate, is a collateral-free personal loan product with a revolving credit line and a fixed-term loan. The product comes with an ATM card, allowing you access to day and night banking from PSBank ATMs nationwide.

PSBank Money Market Fund – Create new possibilities in the coming decade: instead of being just a depositor, be an investor! With PSBank’s Money Market Fund, the Bank’s first Unit Investment Trust Fund (UITF), you can have a team of experts closely manage your investment for a minimum of PhP10K. These partners will choose from different low-risk financial instruments to optimize your returns, giving you an affordable liquid investment option. Now is the time to invest in your future!

PSBank’s Senior Vice President and Marketing Group Head Emannuel A. Tuazon says:

“Celebrate new beginnings this year with the Bank that journeys with you everyday, a trusted and reliable group that puts your best interests at the heart of everything it does. With PSBank’s full suite of future-ready offerings, you can now confidently seize opportunities and make this new year, this new decade, a time of turning your big dreams into reality. We invite you to check out our products and services today!”