8 months Core businesses lift BDO net to P32B Manilatimes |Biz
BDO Unibank Inc.’s net income rose to P32.7 billion last year on the back of strong recurring earnings from its core businesses. In a disclosure on Tuesday, the Sy-led banking giant said the amount was a 16.3-percent increase from P28.1 billion in 2017, and also beat its P31-billion full-year guidance. It added that it was “the first Philippine bank to breach the P3-trillion mark in total assets.” BDO credited the profit increase to the solid growth in its lending and deposit-taking businesses. Gross customer loans increased by 15 percent to P2 trillion, which the lender attributed to healthy increases across ... more