East West Banking Corporation (EastWest) reported net income of P3.4 billion for the first half of 2026. Strong growth in revenues and pre-provision operating profit was moderated by higher provisions for probable losses amid continued macroeconomic and geopolitical uncertainty.

Net revenues rose 19% to P28.4 billion from P23.8 billion in the same period last year. Net interest income increased 21% to P23.1 billion, while non-interest income grew 14% to P5.3 billion.

Operating expenses rose 11% to P14.0 billion. With revenues growing faster than expenses, pre-provision operating profit increased 30% to P14.4 billion, translating to a cost-to-income ratio of 49.3%. Provision for probable losses amounted to P10.1 billion, reflecting the Bank’s more prudent approach to recognizing and managing credit risk.

“Our core businesses continued to deliver strong growth, as reflected in the increase in net revenues and pre provision operating profit,” EastWest Chief Executive Officer Jerry G. Ngo said. “At the same time, we maintained a disciplined approach to credit risk while preserving our capacity to support customers and pursue sound growth opportunities.”

EastWest’s total assets increased by 16% to P623.9 billion, mainly from measured lending expansion, with loans growing by 10% to P396.7 billion. Funding remains robust with deposits increasing by 15% to P472.9 billion and maintaining a CASA ratio of 76%, highlighting the Bank’s stable funding base. The Bank maintained solid capital buffers, with a Capital Adequacy Ratio (CAR) of 12.5% and CET1 ratio of 11.7%, well above regulatory standards and already considers the declaration of cash dividends last May 2026.

During the first half, EastWest strengthened its customer proposition across wealth management, payments, and digital banking through enhancements to EastWest Priority and the rollout of Garmin Pay.

The Bank also continued to invest in digital, data, innovation, and AI capabilities to support future growth. These investments are intended to simplify customer journeys, improve productivity, strengthen risk management, and enable more relevant customer engagement. EastWest applies AI with appropriate safeguards for data privacy, cybersecurity, governance, and human oversight.

These efforts continued to receive industry recognition. ESTA, EastWest’s AI-powered chatbot, earned three honors at the Digital CX Awards 2026, while EastWest was named the Philippines’ Best for Discretionary Portfolio Management at the 2026 Euromoney Private Banking Awards for the second consecutive year.

In line with the Bangko Sentral ng Pilipinas' (BSP) push for wider adoption of inclusive and affordable digital payments, EastWest Bank has waived InstaPay transfer fees effective July 15, 2026. PESONet transfers will remain free of charge, as they have been since the beginning. This underscores the Bank's continued support for the BSP's financial inclusion agenda and its commitment to making everyday banking easier, safer, and more accessible for Filipinos.

“We remain focused on strengthening our core businesses while continuing to invest in capabilities that make banking easier and more relevant for our customers,” Ngo said.