Philippine Banks Earn PHP107 Billion in Q3, Best Quarter of 2026

The Philippine banking industry booked PHP106.99 billion in net profit in the third quarter of 2026, its best quarter so far this year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP), Fintech News Philippines reported on Tuesday (Nov 3).

The July–September figure was up from PHP104.82 billion in the first quarter and PHP103.66 billion in the second. The Inquirer described the third-quarter result as a record, the report said.

For the first nine months of the year, banks’ combined net income reached PHP315.47 billion, up 4.2 per cent from a year earlier.

Philippine Banks – Lending income climbs

Net interest income rose for a third straight quarter to PHP339.46 billion in the third quarter, from PHP329.04 billion in the second and PHP310.59 billion in the first. Over nine months, net interest income totalled PHP979.09 billion, up 13.5 per cent year on year.

Fee and commission income held steady at about PHP48 billion a quarter.

Trading swung to a PHP37.10 billion gain in the third quarter, after a PHP11.89 billion loss in the second. Foreign exchange moved the other way, with banks posting a PHP40.87 billion loss, compared with a PHP12.71 billion gain in the previous quarter. For the nine months, foreign exchange losses came to PHP35.87 billion.

Provisions and costs

Provisions for credit losses eased to PHP57.31 billion in the third quarter from PHP63.74 billion in the second. On a nine-month basis, however, provisions reached PHP168.69 billion, up 24.8 per cent from a year earlier.

Operating expenses were about PHP216 billion in the quarter, bringing the nine-month total to PHP638.46 billion.

Total banking assets stood at PHP31.6 trillion at the end of September, up 9.8 per cent year on year, citing the Philippine News Agency.

The figures are preliminary and are published on the BSP’s income statement statistics page. The report said the third-quarter showing follows the industry’s record first-quarter profit.

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