SunStar Publishing Inc.
BDO Unibank Inc. reported a net income of P53.9 billion for the nine months of 2023 vs. P40 billion in the same period last year, backed by broad-based growth across its core businesses. This resulted in a Return on Common Equity of 15.1 percent compared to 12.4 percent in the same period last year. Net interest income increased to P137.
4 billion with customer loans growing 7.5 percent year-on-year to P2.7 trillion and deposits expanding 12 percent to P3.4 trillion. Non-interest income settled at P57.9 billion, supported by various fee-based and treasury/FX businesses. Non-performing loan ratio remained stable at 1.99 percent despite the higher interest rate environment.
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