SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Nov 3, 2023

2. SEC Identification Number

15552

3. BIR Tax Identification No.

000-663-983-000

4. Exact name of issuer as specified in its charter

Philippine Savings Bank

5. Province, country or other jurisdiction of incorporation

Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

PSBank Center, 777 Paseo de Roxas cor. Sedeño St., Makati City Postal Code 1226

8. Issuer's telephone number, including area code

8885-8208

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	426,859,416

11. Indicate the item numbers reported herein

Item 9 Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philippine Savings BankPSB

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
PSBank Nine-month Net Income up 18% at Php 3.37 Billion
Background/Description of the Disclosure
PSBank, the thrift banking arm of the Metrobank Group, registered a net income of Php 3.37 billion for the first nine months of 2023, up 18% year-on-year. Return on equity was higher at 11.7%. The results were driven by the continuous expansion of its core businesses, primarily from growth in the auto loan portfolio, complemented by effective expense management. Net interest income increased to Php 8.82 billion while revenues from net service fees and commissions rose to Php 1.33 billion. Operating expenses were reduced by 1% as the Bank was steadfast in its productivity and operational efficiency initiatives. The Bank’s total loan portfolio grew by 12% year-on-year to Php 123 billion as of September 2023 with auto loans up 24% fueled by increased vehicle sales. Asset quality remained healthy with a gross non-performing loans (NPL) ratio of 3.4%, better than pre-pandemic levels. As of end 3Q, total assets amounted to Php 236 billion while total deposits reached Php 188 billion. Capital improved to Php 40 billion with Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio at 24.6% and 23.7% respectively, with both ratios among the highest in the industry and above the minimum level set by the Bangko Sentral ng Pilipinas. The Bank’s Quarterly Report (SEC Form 17-Q) shall be submitted once available.
Other Relevant Information
Please see attachment. Thank you.