Strong start for BDO in 2025 despite economic headwinds

BDO Unibank, Inc. reported a net income of 19.7 billion in the first three months of 2025 from P18.5 billion last year, due to sustained performance across its core businesses.

- By DERCO ROSAL

The first-quarter income increased by P1.2 billion, or 6.5 percent higher than last year’s

BDO President and CEO Nestor V. Tan said during a press briefing on April 25 that the first quarter is not indicative of the bank’s full-year performance, noting that the nearly seven percent growth was “actually affected by the uncertainty.”

For the coming months, Tan said BDO still sees “a strong pipeline of business.”

For the period, the SM Group’s banking unit said its earnings reflected 13.8 percent return on average common equity (ROCE).