East West Banking Corporation (EastWest) posted a net income of P6.6 billion in the first nine months of the year, 14% higher from the same period last year, on the back of its consistent core revenue generation. Return on Equity (ROE) ended at 11.6%.

Revenues increased by 16% year-on-year to P37.3 billion, from the continuous growth in net interest income of 18%, to P29.7 billion. This was fueled by its consumer lending business, which expanded by 17% and now makes up 85% of the Bank’s total loan portfolio. This robust performance of the Bank’s core businesses was bolstered by a 27% rise in fee income, amounting to P5.3 billion.

Operating expenses inched up by only 7% to P19.2 billion, much slower than revenues. The growth was attributed to investments in people and business expansion. The Bank’s cost-to-income ratio improved by 412 basis points to 51.4%, supported by the faster growth of revenues, productivity gains, and digital efficiencies.

On the retail side, EastWest recently partnered with AutoDeal, an online automotive marketplace to streamline auto financing for car buyers in the Philippines. The collaboration aims to provide customers with easier access to loan options directly through AutoDeal’s platform, enhancing convenience and transparency in the car purchasing process. To further expand its digital capabilities, the Bank also introduced new features on EasyWay, including Personal Loan and Credit Card applications, digital CASA opening for both Peso and foreign currency deposits, and just this October, InstaPay transfers via QR. Complementing these milestones, EastWest successfully launched the EastWest BizAccess Visa Debit Card, the latest feature of its SME banking ecosystem designed to simplify cash management for business clients.

EastWest’s total assets rose by 11% to P552.9 billion, funded largely by deposits that grew by 12% to P415.8 billion, maintaining a CASA ratio of 81%. Growth was also supported through the priority banking business of the Bank, with Assets Under Management breaching the P100 billion mark. Meanwhile, capital ratios remain strong and supportive of future growth, with Capital Adequacy Ratio (CAR) at 13.6% and CET1 ratio at 12.7%, well above regulatory standards.

“Our core consumer banking business is thriving, aligning perfectly with the evolving needs of our customers. Our strategic funding initiatives are likewise effectively supporting our growth plans and fortifying our funding structure. These critical components have significantly contributed to our steady revenue generation. At the same time, we continue to manage risks actively and ensure that provisions are adequate. Combined with our operational efficiencies, these have resulted in robust and sustainable profitability,” said EastWest CEO Jerry G. Ngo.

EastWest continues to gain recognition for its strong governance, people practices, and financial management excellence. In the third quarter, the Bank received two Golden Arrow citations from the Institute of Corporate Directors for its sustained good governance, and a Philippine Quill Award for excellence in communication. The Bank was honored with the People Program of the Year award by the People Management Association of the Philippines (PMAP), while its Trust and Asset Management Group was named Best Emerging New Equity Fund Manager at the International Finance Awards 2025, and its Priority Banking business received the Best Priority Banking Experience award for the third consecutive year.