BDO earned record P53.9 billion in nine months

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BDO Unibank Inc. , the country’s largest lender, booked a net income of P53.9 billion in the first nine months of 2023, up from P40.0 billion a year earlier, on broad-based growth across core businesses.

Net interest income increased to P137.4 billion, with customer loans growing 7.5 percent year-on-year to P2.7 trillion and deposits expanding 12 percent to P3.4 trillion. Pre-provision operating profit amounted to P80.6 billion, with revenue growth continuing to outpace cost growth. Common equity increased to P494.3 billion, given the continued profitable operations. Book value per share increased 13 percent to P93.83.

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MlaStandard /  🏆 20. in PH

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