BDO Earns PHP53.9 Billion In 9 Months

BDO Unibank reported a net income of PHP53.9 billion for the first nine months of the year, supported by robust growth across its core businesses.

The bank is now focused on expanding into underserved and underpenetrated markets, and investments in technology will continue to be a priority. I Photo: Judgefloro

This translated to a Return on Common Equity of 15.1%, an increase from 12.4% during the same period last year.

The bank's asset quality remains stable, with a Non-Performing Loan (NPL) coverage ratio of 176%. Capital continues to strengthen, with a 13% increase in book value.

The bank is now focused on expanding into underserved and underpenetrated markets, and investments in technology will continue to be a priority.

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