Ever wondered how much the people running the Philippines’ biggest banks actually get paid?
The Bank of the Philippine Islands (BPI), Metrobank and BDO Unibank disclosed a combined PHP 928.77 million in compensation for their top executive teams in 2025.
BPI reported the largest pool at PHP 392.12 million, followed by Metrobank at PHP 306.13 million and BDO at PHP 230.52 million.
These are team totals rather than individual salaries.
Philippine bank filings group the President or CEO together with several other highly paid executives, so the disclosures do not show exactly what Jose Teodoro “TG” K. Limcaoco (the President and CEO of BPI), Fabian S. Dee (the President and CEO of Metrobank) or Nestor V. Tan (President and CEO of BDO Unibank) personally received.
The 2025 compensation figures appear in the banks’ 2026 Definitive Information Statements, filed the following year with the Securities and Exchange Commission.
So, How Much Did the Philippines’ Big Three Banks Pay Their Top Executives in 2025?
Last Updated: 22 July 2026
BPI disclosed the largest compensation pool at PHP 392.12 million, although its figure covers six executives against five each at Metrobank and BDO.
Once headcount is factored in, the difference between BPI and Metrobank becomes much smaller. Their disclosed totals average roughly PHP 65.4 million per executive at BPI, PHP 61.2 million at Metrobank and PHP 46.1 million at BDO.
These are simple averages rather than what any individual executive actually earned.
Their pay structures also looked quite different. Bonuses made up almost half of BPI’s package, compared with about 11% at Metrobank. BDO disclosed only a combined amount and did not separate salaries from bonuses.
Profit followed a different order. BDO earned PHP 87.2 billion in 2025, ahead of BPI’s PHP 66.62 billion and Metrobank’s PHP 49.72 billion. BDO also ended the year as the Philippines’s largest bank by total resources.
1. Six Executives Share BPI’s PHP 392.12 Million Disclosure
President and CEO Jose Teodoro “TG” K. Limcaoco leads the six-person executive group (including himself) covered by BPI’s disclosure.
BPI executive compensation for 2025 reached PHP 392.12 million, comprising PHP 202.71 million in salaries and PHP 189.41 million in bonuses.
In other words, bonuses accounted for close to half of the disclosed pool.
The bank also posted record net income of PHP 66.62 billion, up 7.4% year-on-year, while return on equity stood at 14.5%.
2. Salary Makes Up Almost 90% of Metrobank’s Disclosed Total
Metrobank disclosed PHP 306.13 million in compensation for President and CEO Fabian S. Dee and four other top executives.
Salary accounted for most of the package at PHP 271.55 million, while bonuses came to PHP 34.58 million.
Metrobank recorded PHP 49.72 billion in attributable net income for 2025. Total consolidated assets reached PHP 3.88 trillion, with return on average equity at 12.3%.
Despite BPI’s much larger headline compensation pool, averaging the totals across the executives covered leaves only around PHP 4.2 million between the two banks per person.
3. BDO Unibank Pays the Least, Despite Earning the Most
BDO disclosed PHP 230.52 million in combined compensation for President and CEO Nestor V. Tan and four other top executives.
Unlike BPI and Metrobank, BDO did not separately disclose salary and bonus amounts for the group.
The bank nevertheless led the three by a wide margin on profit. Net income reached a record PHP 87.2 billion in 2025, up 6% from the previous year, while return on common equity stood at 14.4%.
BDO closed the year with PHP 5.43 trillion in total resources, and its annual report identifies it as the country’s largest bank by total resources, customer loans, deposits, assets under management and capital.
So while BDO generated the most profit and operated the largest balance sheet of the three, its disclosed executive compensation pool was the smallest.
Frequently Asked Questions (FAQs) About Bank Executive Pay in the Philippines
1. How much did the Philippines’ biggest banks pay their top executives in 2025?
BPI, Metrobank and BDO Unibank disclosed a combined PHP 928.77 million in compensation for their top executive teams in 2025.
BPI reported PHP 392.12 million, Metrobank PHP 306.13 million and BDO PHP 230.52 million.
2. Did BPI’s CEO earn PHP 392.12 million in 2025?
No. PHP 392.12 million is the combined compensation disclosed for BPI President and CEO Jose Teodoro “TG” K. Limcaoco and five other highly compensated executives.
BPI does not disclose how much Limcaoco individually received.
3. Which bank paid the most per executive?
Based on a simple division of each compensation pool by the number of executives covered, BPI averaged about PHP 65.4 million per executive, followed by Metrobank at PHP 61.2 million and BDO at PHP 46.1 million.
These averages do not represent the actual pay received by any particular executive.
4. Why are 2025 executive pay figures disclosed in 2026?
The figures cover compensation earned during the 2025 financial year but appear in the banks’ 2026 Definitive Information Statements, which are published ahead of their annual stockholders’ meetings the following year.
BPI and Metrobank both list their 2026 Definitive Information Statements in their official stockholder disclosures.
5. Which of the three banks was the most profitable in 2025?
BDO recorded the highest net income at PHP 87.2 billion, ahead of BPI’s PHP 66.62 billion and Metrobank’s PHP 49.72 billion.
6. Why don’t Philippine banks disclose individual executive pay?
The Philippine bank filings used here report compensation for the President or CEO together with several other highly paid executives as a combined amount.
This means the public figures cannot be used to determine exactly what Limcaoco, Dee or Tan personally earned.
Singapore has different disclosure requirements. SGX rules require listed issuers with financial years ending on or after 31 December 2024 to disclose the name, exact amount and breakdown of remuneration paid to each individual director and CEO.Disclaimer
Figures in this article come from each bank’s 2026 Definitive Information Statement, SEC Form 17-A filings and other disclosures published by BPI, Metrobank and BDO Unibank.
Philippine business press coverage, cited throughout, fills in the rest.
These reflect the most recent public disclosures available at the time of publication.
Banks occasionally revise or restate figures after the fact, and this report will be corrected if that happens.
This piece compares disclosed executive team compensation across banks.
It does not identify individual salaries and does not rank banks against each other.
Nothing here constitutes financial or investment advice.
Featured image: Edited by Fintech News Philippines based on an image by Wilson Ren via Pexels.
Infographic images: Edited by Fintech News Singapore based on images by Joemar Mallen via flickr, Metrobank via its website and BDO Unibank via its website.
