BDO income up 12% to P60.6 B
The Philippine Star|October 29, 2024
Earnings of BDO Unibank Inc. went up by 12 percent to P60.6 billion from January to September compared to the P53.9 billion in the same period last year, after a strong performance in the third quarter.
By KEISHA TA-ASAN

The country's largest bank owned by the family of the late retail and banking magnate Henry Sy attributed the increase to steady gains from its core lending and fee-based service businesses.

For the third quarter alone, BDO's net income increased by 13.2 percent to P21.23 billion from P18.75 billion in the same quarter last year.

"BDO remains well-positioned to capitalize on emerging opportunities and sustain long-term growth and profitability with its strong business franchise, solid balance sheet and extensive distribution network," the bank said.

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