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  • Writer's pictureBy The Financial District

Banks' Profitability Ratios Improve In Q2

In terms of profitability, the banking system's return on assets (ROA) and return on equity (ROE) continued to improve in the second quarter compared to the first three months of 2023 and the same period last year, as per data from the Bangko Sentral ng Pilipinas (BSP).


ROA increased to 1.57 percent from 1.52 percent at the end of March and 1.19 percent during the same period in 2022 as of end-June. I Photo: at UnionBank of the Philippines Facebook



As of the end of June, ROA increased to 1.57 percent from 1.52 percent at the end of March and 1.19 percent during the same period in 2022.


Additionally, the industry's cost-to-income ratio rose to 61.48 percent at the end of June, up from 54.97 percent in the previous quarter and 58.95 percent at the end of June 2022. The cost-to-income ratio represents the percentage of non-interest expenses, net of impairment losses, to total operating income.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The net interest margin (NIM) also increased to 8.29 percent in the second quarter, up from 3.86 percent at the end of March and 3.54 percent during the same period in 2022.




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