Return on average common equity stood at 13.9 percent, reflecting the bank’s focus on sustaining profitability while building scale.
“Amid global uncertainties arising from geopolitical tensions and the imposition of US tariffs, the Philippines is expected to remain resilient, supported by its consumer-driven economy and sustained domestic demand,” BDO said in a stock exchange filing on Monday.
Loans, deposits power growth
Customer loans rose 14 percent to P3.4 trillion, fueling a 7 percent increase in net interest income. Deposits climbed 8 percent to surpass P4 trillion, supported by a 69 percent current account and savings account (CASA) ratio.
Non-interest income jumped 15 percent, driven by fees and insurance contributions, further boosting overall earnings.
Strong balance sheet, fresh bond issue
Asset quality improved, with the non-performing loan ratio down to 1.75 percent and coverage steady at 140 percent.
Book value per share rose 12 percent to P113.04, while the capital ratio stayed solid at 15.4 percent. BDO is also issuing ASEAN Sustainability Bonds on July 29 to finance green and sustainable projects, after early closing its offer due to strong investor demand.
“Likewise, the Bank remains well-positioned to manage emerging risks and capitalize on opportunities given its robust capital base and diversified business franchise,” BDO noted.
—Edited by Miguel R. Camus
