MANILA, Philippines - Bank of the Philippine Islands, the country's top lender by market value, said on Friday its second-quarter net profit climbed 17% to P2.8 billion ($62 million) from a year earlier, adding its core businesses "remained solid."

BPI, owned by Philippine conglomerate Ayala Corp. and Southeast Asia's biggest bank DBS, said in a statement its net interest income rose 8.6% in the second quarter from P5.28 billion a year ago.

Its non-interest income rose 3.3% from a year ago after its foreign exchange income doubled and due to higher fees, commissions and securities trading gains, the bank said.

Analysts expect BPI to post net income of P9.6 billion this year, up 13% from 2009, according to consensus forecast on Thomson Reuters I/B/E/S.