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Keisha Ta-Asan - The Philippine Star
December 20, 2025 | 12:00am
Preliminary data showed that the total revenues of the central bank, mostly comprised of interest income on foreign investments, government securities, and treasury bonds, fell by 14.8 percent to P208.1 billion in the first nine months, from P244.3 billion a year ago.
BusinessWorld / File
MANILA, Philippines — The earnings of the Bangko Sentral ng Pilipinas (BSP) dropped by 14 percent to P94.3 billion as of end-September from P109.7 billion a year earlier, weighed down by a sharp fall in miscellaneous income and lower overall revenues.
Preliminary data showed that the total revenues of the central bank, mostly comprised of interest income on foreign investments, government securities, and treasury bonds, fell by 14.8 percent to P208.1 billion in the first nine months, from P244.3 billion a year ago.
Miscellaneous income fell by 61 percent to P25.4 billion from P65.2 billion in the same period last year. The BSP’s miscellaneous income includes trading gains or losses, fees, penalties and other operating income, among others.
Interest income, however, rose by two percent to P182.8 billion from P179.1 billion at end-September 2024.
The total expenses of the BSP decreased by 5.8 percent to P152.5 billion from P161.8 billion, as interest expenses declined by 18.5 percent to P102.4 billion from P125.6 billion. Other expenses increased by 38.1 percent to P50 billion from P36.2 billion.
On the other hand, the BSP booked a net gain of P38.7 billion from foreign exchange fluctuations in the first nine months, 42.3 percent higher than last year’s P27.2 billion gains.
The BSP books gains or losses from fluctuations in foreign exchange rates on matured, sold, paid and exchanged or settled foreign exchange assets and liabilities. It participates in the foreign exchange market to temper the sharp fluctuations in the exchange rate.
Separate central bank data showed that total assets held by the BSP slipped by 3.4 percent to P7.81 trillion from P8.08 trillion a year ago. Liabilities went down by 4.2 percent to P7.49 trillion from P7.81 trillion previously.
In its end-September quarterly report on economic and financial developments, the central bank said its liabilities were “mainly attributed to higher revaluation of foreign currency accounts and reverse repurchase facility accounts.”
The BSP’s net worth stood at P319.3 billion as of September, rising by 19.2 percent from last year’s P267.8 billion.
Based on the BSP’s 2024 Annual Report, the central bank registered a net income of P117.6 billion last year, nearly five times higher than the P26.5 billion seen in 2023 due to increases in trading gains on price fluctuations and higher interest earnings from investments in forex securities.
