Investor Presentaiton
6
Profitability - YoY
BPI
In P bn
1Q 2022
1Q 2023
YoY
Net Interest Income
18.99
24.16
27.2%
Non-Interest Income
6.37
7.55
18.6%
Trading Income
0.90
1.26
40.0%
Fee Income
5.47
6.30
15.1%
•
Net Revenues
25.36
31.71
25.1%
Opex
12.59
15.06
19.7%
PPOP
12.77
16.65
30.3%
Provisions
2.50
1.00
-60.0%
NIBT
10.27
15.65
52.3%
Income Taxes
2.22
Record net income of P 12.13 billion, up 52% YoY
predominantly driven by revenues
Net Interest Income, up 27% YoY, driven by loan
growth at 13.2%, and continued NIM expansion at
52bps
Solid trading income, up 40%
Strong fee income, up 15%, backed by increase in
customer and volume
Revenue growth more than offset the 20% growth in
operating expenses, PPOP up 30%
Asset quality remained strong allowing normalization of
credit cost which further accelerated net income
3.45
55.4%
Net Income
7.98
12.13
52.0%
•
ROE of 15.36% and ROA at 1.88% highest since 2013
ROE
ROA
11.02%
15.36%
434 bps
1.36%
1.88%
52 bps
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