Salmon Bank (Rural Bank) Inc. today reports a superior performance in 2025, delivering strong growth across key financial metrics, built on strong capital position, as more Filipinos place their trust in the fast-growing, tech-centric challenger bank.
The bank’s customer base doubled over the past year, while total deposits grew 2.8x signaling growing consumer confidence in Salmon Bank’s AI-enabled banking model. This strong deposit momentum supported significant year-on-year growth of the bank’s balance sheet by end of 2025:
- Total loan portfolio of strongly profitable and diversified small-ticket retail loans expanded by 2.5x;
- Net Interest Margin is at 40%, surpassing industry average for rural banks, thrift banks, and digital banks;
- Total assets grew 2.2x to 4.4 billion;
- Gross revenue increased by 2x; and
- Gross non-performing loan (NPL) ratio remained steady at 2%, well below Rural Bank industry benchmarks from the BSP.
This strong 2025 performance were the result of a combination of Salmon Bank’s disciplined approach to risk management and the rapidly growing retail lending opportunity it addresses.
Strengthened Capital Base
Further reinforcing its growth trajectory, Salmon Bank is in the process of increasing its equity capital to PHP1.6 billion upon the completion of fresh capital injection of PHP 400 million from its controlling shareholder, Salmon Group Ltd. The capital injection is expected to complete by April 2026.
The additional funding strengthens the bank’s equity base, giving it significant headroom to expand its customer-focused financial product offerings and making it one of the best capitalized banks among tech-centric challenger banks in the country.
“Our 2025 results reflect growing customer confidence, strong business performance, and our commitment to responsible banking,” said Raffy Montemayor, Co-Founder of Salmon and Chairman of Salmon Bank. “With our superior capitalization, we’re well-positioned to continue our momentum of sustainable growth, as we deliver high-value, AI-enabled banking services that meet the evolving needs of Filipinos,” he added.
Democratizing High Yield Savings
To support its rapidly growing portfolio of high-yield retail loans, the bank offers highly competitive time deposit rates to its depositors. Salmon Bank now offers 6% p.a. interest rate on time deposits of as low as PHP5,000. Meanwhile, customers with a minimum deposit of PHP1 million can enjoy an interest rate of up to 8% p.a. on time deposits.
Salmon Bank is majority-owned by Salmon Group Ltd. Salmon Group is a global financial technology group backed by world-class investors, including International Finance Corporation (IFC), a member of the World Bank Group; the sovereign wealth fund and asset managers out of Abu Dhabi; and leading U.S. venture investors.
For more information, visit salmon.ph
