{
  "id": 17436612,
  "title": "BDO profit rises to P63.6 billion",
  "url": "https://urgent.news/2026/10/31/bdo-profit-rises-to-p63-6-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/11/01/2566949/bdo-profit-rises-p636-billion"
  },
  "original_language": "en",
  "account": "BDO Unibank Inc. reported a slight increase in earnings for the period from January to September, driven by robust lending growth and elevated interest income despite a tough economic backdrop. In a statement, the bank led by Sy family members disclosed its net income grew by 0.8 percent to P63.6 billion in nine months, up from P63.1 billion in the same period last year. The bank's return on equity stood impressively at 13.1 percent. BDO's loan portfolio witnessed a 16 percent surge to P4.1 trillion, with lending growing at double-digit rates across all business sectors, outpacing the banking industry's 11-percent loan growth. This strong lending performance boosted net interest income by 11 percent year-on-year to P166.22 billion. Total deposits increased by 11 percent to P4.57 trillion, reflecting the bank's continuous growth in its funding base. Both current and savings account deposits rose by 5 percent. Non-interest income, encompassing earnings from sources other than lending and investments, climbed by 3 percent. BDO also saw a 10 percent rise in pre-provision operating profit, attributed to sturdy loan growth and disciplined cost management, with operating expenses growing at a single-digit rate. Despite its aggressive lending expansion, BDO successfully enhanced its asset quality during the period, as evidenced by a declining nonperforming loan (NPL) ratio to 1.6 percent from 1.77 percent a year earlier. The bank's NPL coverage ratio remained stable at 132 percent, demonstrating that its reserves for potential credit losses surpassed the value of its bad loans. The largest lender in the country set aside P17.7 billion as provision for impairment losses, including early-year preemptive provisions due to the Middle East crisis. BDO also maintained a robust capital position, with shareholders' equity rising by 6 percent. The book value per share, representing the accounting value of shareholders' equity attributable to each outstanding share, increased by 6 percent to P123.6. The bank's common equity tier 1 ratio stood at 12.6 percent. BDO remains well-positioned to capitalize on opportunities supporting its long-term growth objectives amidst changing market conditions and a dynamic operating environment, backed by its diversified business model, strong financial standing, and market-leading franchise.",
  "summary": "BDO Unibank Inc. posted a marginal increase in earnings from January to September, supported by strong lending growth and higher interest income despite a challenging economic environment.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}