BDO net income up 10% in 3Q

by www.sunstar.com.ph

BDO Unibank, Inc. (BDO) posted a 10-percent year-on-year increase in net income of P19.3 billion in the first nine months of the year.

The bank’s core lending, deposit-taking and fee-based businesses delivered solid results during the period, offsetting a more normalized contribution from Treasury activities.

Net interest income (NII) grew 16 percent to P48.4 billion. Customer loan portfolio expanded by 15 percent to P1.4 trillion on broad-based growth across all market segments.


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