BDO posts P63.6B in 9-month profit on loan growth

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• BDO Unibank reported P63.6 billion in net income for the first nine months of 2026, up from P63.1 billion a year earlier
• Gross customer loans increased 16 percent to P4.1 trillion, outpacing the banking industry's 11 percent growth
• Pre-provision operating profit rose 10 percent, while the nonperforming loan ratio improved to 1.60 percent
  
  
  
  

BDO Unibank Inc. posted a modest increase in net income to P63.6 billion in the first nine months of 2026 from P63.1 billion a year earlier, supported by strong lending activity and higher interest income despite challenging economic conditions.

The bank's earnings grew by about 0.8 percent year-on-year, while return on equity stood at 13.1 percent.

BDO's loan portfolio expanded 16 percent to P4.1 trillion, exceeding the banking industry's 11 percent growth as corporate and consumer lending segments recorded double-digit increases.

The expansion helped lift net interest income by 11 percent year-on-year, reflecting sustained demand for financing across its core businesses.

Meanwhile, total deposits increased 11 percent, with current and savings account balances rising 5 percent.

Continued credit demand

The bank's lending performance underscores continued credit demand in the Philippines, even as financial institutions navigate changing economic conditions.

BDO's pre-provision operating profit increased 10 percent, supported by higher interest income and disciplined cost management.

Non-interest income grew 3 percent, while operating expense growth remained within single-digit levels.

Growth amid evolving market conditions

Asset quality improved despite the expansion in lending, with the nonperforming loan (NPL) ratio declining to 1.60 percent from 1.77 percent a year earlier.

The NPL coverage ratio remained stable at 132 percent, indicating continued provisioning against potential credit losses.

BDO also maintained its capital position, reporting a common equity Tier 1 (CET1) ratio of 12.6 percent.

Shareholders' equity increased 6 percent, while book value per share rose by the same percentage to P123.6.

BDO expects its diversified business model and financial position to support long-term growth opportunities amid evolving market conditions.

The bank operates more than 2,000 consolidated branches and over 8,000 teller machines nationwide, alongside 15 international offices. —Vanessa Hidalgo | Ed: Corrie S. Narisma