October 28, 2025 | 12:00am
MANILA, Philippines — Earnings of BDO Unibank Inc. inched up by four percent to P63.3 billion from January to September compared to P60.7 billion in the same period last year.
The country’s largest bank owned by the family of the late retail and banking magnate Henry Sy attributed the increase to the sustained performance of its core business segments.
For the third quarter alone, BDO’s net income increased by 6.3 percent to P22.56 billion from P21.23 billion in the same quarter last year.
In a statement, the bank said that the Philippines is expected to demonstrate continued resilience despite global trade uncertainties from higher tariffs imposed by the US and local political issues, supported by stable inflation and strong domestic consumption.
“Meanwhile, BDO’s robust capital foundation and diversified business portfolio position it well to navigate current risks and capitalize on emerging growth prospects,” the listed bank said.
In its quarterly report disclosed to the Philippine Stock Exchange, BDO said its net interest income grew by 8.5 percent to P150.02 from P138.3 billion, owing to asset expansion.
Its annualized return on common equity stood at 14.1 percent during the nine-month period.
The listed bank booked a 14-percent increase to P3.5 trillion in gross customer loans as it recorded broad-based growth across all market segments.
Asset quality remained stable with a non-performing loan ratio of 1.77 percent as of end-September and an NPL cover of 134 percent.
Total deposits grew by 10 percent year-on-year, while the current account savings account deposit ratio at 67 percent. Non-interest income also rose by 14 percent, fueled by a 15-percent growth in fee-based businesses.
The bank’s other operating income went up by 13.9 percent to P57.4 billion, driven by strong growth in fees and service charges, trading gains as well as earnings from trust fees.
Shareholders’ equity went up by 10 percent year-on-year amid continued profitable operations. Capital levels strengthened, with book value per share increasing by 10 percent to P116.42. BDO’s common equity tier 1 ratio was higher at 14.4 percent compared to the 14.1 percent last year.
BDO has the country’s largest distribution network, with over 1,800 consolidated operating branches and more than 5,900 teller machines nationwide.
It also has 15 international offices in Asia, Europe, North America and the Middle East, including full-service branches in Hong Kong and Singapore.
