BDO H1 Earnings Increase by 12%

Sy-led BDO Unibank Inc. has reported a 12% increase in earnings for the first half of 2024, driven by the robust performance of its core intermediation and fee-based service businesses.

In an official statement, BDO announced that its net earnings rose to P39.4 billion, with non-interest income expanding by 13%. Customer loans and deposits both saw a 13% growth across all segments.

Key Financial Metrics

• CASA Ratio: BDO ended the first half with a current account/savings account (CASA) ratio of 69%.
• ROCE: The bank’s annualized return on common equity improved to 15.8%, up from 14.3% in the first quarter.
• NPL Ratio: The non-performing loan (NPL) ratio was recorded at 2.06%.
• NPL Coverage: BDO’s NPL coverage stood at 169%, surpassing the industry average.

Network and Global Presence

BDO maintains over 1,700 operating branches and more than 5,500 teller machines across the Philippines. The bank also has 16 international offices located in Asia, Europe, North America, and the Middle East.