BDO nine-month net expands 35%

By Brix Lelis

Oct 26, 2023 12:24 am

BDO Unibank Inc. (BDO) reported Wednesday that its net income for the nine months to September surged by 35 percent to P53.9 billion from P40 billion a year earlier, anchored on broad-based growth across its core businesses.

In a disclosure, the country's largest lender said the income growth resulted in a return on common equity of 15.1 percent, up from 12.4 percent last year, while common equity grew to P494.3 billion on continued profitable operations.

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