BDO Unibank Reports 36% Fall in Net Profits for 2020

Banco De Oro (BDO) Unibank reported a 36% drop in net profits from ₱44.2 billion in 2019 to ₱28.2 billion in 2020.

BDO said “The Bank relied on its strong and resilient business franchise and balance sheet to support core business operations, despite significant hurdles from the pandemic and ensuing economic lockdown,”

“With its extensive market reach and devoted workforce, the Bank remains committed to providing banking products and services attuned to its customers’ needs,” BDO added.

Source: BusinessMirror