Loan demand to lift BDO profit

By Brix Lelis

Mar 11, 2024 12:22 am

BDO Unibank Inc. will likely continue to expand earnings as anticipated interest rate cuts later this year may drive loan demand, the Maybank Investment Banking Group said.

'We raise our fiscal years 2024 and 2025 net income forecast by 4.1 percent and 5.9 percent, [respectively], to account for higher-than-expected loan yields,' Maybank said last week.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

AREIT to join PSEi; Chinabank returns

SEC OKs Megawide's P6-B share offer plan

Mabuhay Vinyl lends to Philippine Resins

PSE taps SRO profits to fund PDS purchase

Watsons PH expands network to 1,166 stores

Global Ferronickel unit starts exporting to China

Ayala names Syquia as managing director