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BDO profit soars to record P82 B
The Philippine Star
|February 25, 2025
Sy-led BDO Unibank Inc. grew its earnings by 12 percent to hit an all-time high of P82 billion in 2024 from P73.4 billion in 2023, driven by strong performance across core businesses.
This translated to a return on average common equity ratio of 15.14 percent for 2024.
In a statement, the country's biggest bank said its net interest income and non-interest income both increased by eight percent last year amid the expansion in earning assets and growth in its service businesses.
"BDO's established business franchise, robust financial performance, and wide distribution network make it well-equipped to pursue new opportunities and maintain long-term sustainable growth and profitability," the bank said.
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