BDO increases cash dividends to P1 per share in 2nd quarter

Defining the News

BDO Unibank Inc., the country’s largest lender, said Friday it will increase the regular cash dividends of common shares to P1 per share starting the second quarter of 2024.

Prior to this, the bank declared regular cash dividend of common shares amounting to P0.75 per share. He said, however, the bank is expected to sustain loan growth despite higher-for-longer interest rates, while net income margin will remain stable supported by current account and saving account growth.Non-performing loans will also remain under control while the bank’s provisioning and earnings capacity will be adequate to cover potential losses, he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

#ANONGBALITA Konnichiwa! Japan’s royal family makes Instagram debut, but no selfies yetDefining the News
Read more »

8 posing as DBM officials arrested in NBI dragnetDefining the News
Read more »

Heat at ‘danger levels’—PAGASADefining the News
Read more »

Rio N. Araja, Author at Manila StandardDefining the News
Read more »

DOJ sets free 783 prisoners in simple riteDefining the News
Read more »

Customs seizes over P43-b in smuggled goods in 2023Defining the News
Read more »