SUN Savings Bank reported a strong financial performance in the first quarter of 2025, continuing its momentum from the previous year. As of March 2025, the bank’s total assets grew by 12.6 percent, reaching P4.1 billion, from P3.6 billion in 2024.
The growth was largely driven by a 26 percent increase in loan portfolio, which climbed to P3.50 billion. Loans now make up 85.80 percent of the bank’s total assets, showing the bank’s strong commitment to support the financial needs of its customers. Further, the quality of the bank’s loan portfolio improved as its non-performing loan ratio went down to 2.6 percent from 4.1 percent a year ago.
Customer deposits also increased significantly. Deposits rose by 21.6 percent, from P2.3 billion in March 2024 to P2.8 billion in 2025, showing continued trust and confidence from depositors. The bank’s bills payable dropped by 17 percent, from P669 million to P554 million, reflecting stronger balance sheet management and lower reliance on bank loans for funding.
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