Sustainability is another key growth driver, with BDO, BPI, and PNB opening up more investments in sustainability bonds and green projects
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BDO earned a net income of P39.4 billion for the first six months of 2024, reflecting a 12% year-on-year increase. This was attributed to the “stronger momentum from its core intermediation and fee-based services.” Non-interest income also grew by 13%, partly due to the recovery in Meanwhile, BPI recorded a P30.6 billion net income, a 21.5% rise. Total revenues surged by 23.8%, reaching P81.2 billion, which the bank attributes to a 22.2% increase in net interest income , a 28.8% increase in fee income , and foreign exchange gains of P2.2 billion.reached P2.0 trillion, up 15.8% year-on-year, while total assets reached P3.1 trillion. Total deposits also grew by 14.4% to P2.5 trillion.
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