BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, posted a 12 percent increase in net profit to P60.6 billion for the first nine months, attributed primarily to the sustained performance of its core intermediation and fee-based service businesses.
BDO said its annualized return on common equity stood at 15 percent during the period, reflecting its effective management and operational efficiency.
The lender reported gross customer loans rising13 percent year-on-year, driven by broad-based growth across all market segments. Total deposits also expanded by 10 percent year-on-year, demonstrating BDO’s ability to attract and retain customer funds. The current account/savings account (CASA) deposit ratio remained stable at 69 percent, indicating a healthy mix of low-cost deposits that support the bank’s funding structure.
BDO experienced strong growth in non-interest income, which rose by 16 percent year-on-year. The increase was fueled by higher fees and service charges, along with gains from treasury and foreign exchange operations, as well as income from its insurance business. Such diversification in revenue streams reinforces BDO’s resilience in a competitive banking environment.
Asset quality continued to improve, with the non-performing loan ratio declining to 1.82 percent. The bank also increased its NPL coverage to 178 percent, enhancing its ability to manage credit risk effectively. The positive trend in asset quality is crucial for maintaining investor confidence and ensuring long-term financial stability.
Shareholders’ equity strengthened by 13 percent year-on-year, supported by continued profitable operations. The book value per share also grew by 13 percent, reaching P106.48, reflecting the bank’s solid performance and commitment to creating shareholder value.
