UMVA has learned that GoTyme Bank dramatically narrowed its net loss in 2025, driven by a surge in interest earnings as its loan portfolio exploded.
The digital‑only lender posted a net loss of P2.95 billion last year, a sharp improvement from the P3.44 billion loss recorded in 2024.
Pre‑provision net interest income rocketed 260 % year‑on‑year to P2.59 billion, propelled by interest income that more than doubled to P3.57 billion, largely from higher earnings on loans and receivables.
Even as interest expense climbed 62 % to P980.91 million, the bank’s net interest margin expanded to 7.27 % from just 3.58 % a year earlier.
Other income surged 106 % to P1.16 billion, buoyed by a 101 % jump in fee and commission revenue, which reached P972.27 million.
Foreign‑exchange gains nearly doubled to P158.2 million, while miscellaneous income exploded to P32.34 million from a modest P1.36 million.
Operating expenses rose 26 % to P5.597 billion, with technology costs swelling to P1.77 billion as the bank paid platform and service fees to its shareholder Tyme Pte. Ltd., alongside software licences and subscriptions.
Loan‑loss provisions jumped dramatically to P855.65 million, up from P101.57 million the prior year, reflecting the bank’s aggressive risk‑management stance.
Net loan receivables more than doubled to P5.14 billion, a 105 % increase, driven primarily by salary loans that surged 120 % to P7.898 billion.
The loan mix also includes purchases from related parties, a buy‑now‑pay‑later product called MoreTyme, and merchant‑cash‑advance facilities for micro, small and medium enterprises.
Deposits exploded 71 % to P43.52 billion, with peso savings accounts accounting for P43.203 billion and US‑dollar time deposits adding P315.36 million.
Total assets swelled 67 % to P50.18 billion, while capital funds more than doubled to P3.5 billion, lifting the CET1 ratio to 22.47 % and the total capital adequacy ratio to 23.37 %—both comfortably above regulatory minima.
According to information obtained by UMVA, the bank’s President and CEO envisions profitability by mid‑2027, banking on continued customer growth despite a cautious outlook amid global market turbulence.
Founded in October 2022 as a partnership between the Gokongwei group and Singapore’s Tyme Group, GoTyme Bank is one of six digital banks licensed by the Bangko Sentral ng Pilipinas, rapidly reshaping the Philippine banking landscape.
