PhilRatings Assigns Highest PRS Aaa Credit Rating to PSBank

Philippine Rating Services Corp. has assigned its highest issuer credit rating of PRS Aaa with a stable outlook to Philippine Savings Bank, citing the lender’s solid market position, strong capitalization and parent support from Metropolitan Bank & Trust Co.

A PRS Aaa rating indicates that a company possesses a very strong capacity to meet its financial commitments relative to other Philippine corporates. PhilRatings said the accompanying stable outlook indicates the rating will likely remain unchanged over the next 12 months.

Data from the Bangko Sentral ng Pilipinas showed PSBank remained the country’s largest thrift bank by assets and capital as of June 30, 2026. The lender closed the period with ₱232.0 billion in total assets and ₱44.2 billion in equity, while maintaining a substantial share of consumer financing across auto and real estate loans. (Read More: PSBank Waives InstaPay and PESONet Fees Starting July 9)

The bank’s balance sheet indicators also outperformed broader industry benchmarks. As of June 30, 2026, PSBank reported a gross nonperforming loan ratio of 4.0%, compared with the thrift banking sector’s 6.3% average. The institution’s capital adequacy ratio reached 24.0%, remaining well above minimum regulatory requirements.

PhilRatings noted that PSBank benefits from the financial strength of Metrobank, which holds an 88.4% equity stake in the thrift institution. Metrobank is one of the largest universal banks in the Philippines.

PSBank is led by President Jose Vicente L. Alde, who assumed the role in 2018 after serving as executive vice president. Alde joined the bank in 2007 and currently serves as secretary of the Chamber of Thrift Banks.

PhilRatings said it will continue monitoring developments at the bank and may adjust the rating or outlook if circumstances warrant a revision.

Disclosure: AI is used to assist in developing this article.

This article is published on BitPinas: PhilRatings Assigns Highest PRS Aaa Credit Rating to PSBank

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