PSBank Retains Highest Credit Rating as Capital, Asset Quality Remain Strong

Philippine Savings Bank (PSBank) has received the highest issuer credit rating from Philippine Rating Services Corporation (PhilRatings), reinforcing its position as one of the country’s strongest consumer and retail banks.

PhilRatings assigned PSBank an Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook. The grade is the highest assigned by the local credit rater and reflects PSBank’s very strong capacity to meet its financial commitments relative to other Philippine corporates. The stable outlook indicates that the rating is likely to remain unchanged over the next 12 months.

Strong fundamentals
PhilRatings cited PSBank’s solid market position, sound capitalization and asset quality, and the support of its parent company, Metropolitan Bank and Trust Company (Metrobank), as key drivers of the rating.

PSBank remained the country’s largest thrift bank by assets as of June 30, 2026, with total assets of ₱232.0 billion. It also led the thrift-banking sector in capital, with ₱44.2 billion, according to data from the Bangko Sentral ng Pilipinas cited in the rating assessment.

The bank’s capital adequacy ratio stood at 24.0% as of end-June, well above regulatory requirements. Its gross non-performing loan ratio was 4.0%, compared with 6.3% for the thrift-banking sector, underscoring relatively stronger asset quality.

Consumer banking strength
PSBank, the consumer and retail banking arm of the Metrobank Group, continues to hold a significant share of thrift-bank auto and real-estate lending. PhilRatings said these strengths, together with the bank’s established franchise, supported its assessment.

Metrobank owns 88.4% of PSBank, providing the thrift bank with the backing of one of the Philippines’ largest universal banks. PSBank is led by President Jose Vicente L. Alde, who has been with the bank since 2007 and has served as president since 2018.

What it means
The top rating strengthens PSBank’s standing among depositors, investors, and funding counterparties. It also signals confidence in the bank’s ability to sustain growth while maintaining a resilient balance sheet in a competitive consumer-lending market.

PhilRatings said it will continue monitoring developments relating to PSBank and may revise the rating or outlook if circumstances warrant.