BDO Unibank, Inc. reported a net income of ₱40.7 billion for the first half of 2026, a modest increase from the ₱40.6 billion recorded in the same period a year earlier, supported by steady performance across its core business segments, with return on equity reaching 12.7 percent. The bank maintained solid operating momentum, posting mid-teens loan expansion, double-digit growth in pre-provision operating profit, and better asset quality, while setting aside higher provisions as a prudent measure amid emerging risks.
Net interest income went up 11 percent year on year, backed by a 15 percent rise in gross customer loans to ₱3.9 trillion with all segments growing by double digits. Total deposits climbed 13 percent, while current and savings account deposits grew 4 percent. Non-interest income increased 4 percent, led by a 14 percent expansion in its insurance business. Operating expenses grew at a single-digit rate, pushing pre-provision operating profit 12 percent higher.
Asset quality continued to improve, with the nonperforming loan ratio falling to 1.64 percent from 1.75 percent a year prior, and nonperforming loan coverage standing at 132 percent. Credit cost rose to 67 basis points as part of the bank’s proactive stance on potential risks. Shareholders’ equity grew 8 percent lifting book value per share to ₱121.78, while its common equity Tier 1 ratio was recorded at 13.1 percent. With robust business fundamentals, a sound balance sheet and leading market standing, BDO said it remains well-equipped to address ongoing challenges and seize opportunities in the changing business landscape.
