Three years after its official pivot from an e-wallet to a full-fledged digital bank, Maya Bank—the Philippines’ largest digital bank by deposit base—has booked its first profitable quarter in Q1 2025.
In a statement, the lender attributed the profits to stronger lending activity and market leadership in deposits and payments. Maya Bank, however, did not disclose its actual net income or revenue.
Loan disbursals in the Jan-March period alone reached nearly 28 billion pesos ($490 million), with cumulative disbursements totalling 120 billion pesos ($2.2 billion). In 2024, Maya had reported disbursing 68 billion pesos ($1.2 billion) in loans.
The digital bank’s loan-to-deposit ratio hit 51.1%, with deposits reaching 43.6 billion pesos ($770 million) as of end-March. Maya also reported a non-performing loan (NPL) ratio of 3.8%, which is less than half the industry average of 7.9%, per the Philippines central bank’s data as of end-2024.
“We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in Q1 2025. This reflects the strength of our model—anchored on innovation, disciplined execution, and a clear mission to expand access to digital financial services for millions of Filipinos,” Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder, said in the statement.
