In a stock exchange filing on Monday, BDO said its return on average common equity stood at 15.14 percent, reflecting efficient profit generation.
Loans drive growth
• Loan growth surged 13 percent to P3.2 trillion, with strong demand across all segments.
• All lending sectors outpaced industry trends, reflecting broad-based expansion.
• Deposits increased 6 percent to P3.8 trillion, reinforcing the bank’s funding base.
• CASA ratio remained stable at 71 percent, ensuring access to low-cost deposits.
• Net interest and non-interest income both grew 8 percent, supported by expanding earning assets and higher customer transactions.
• Asset quality stayed strong, with a non-performing loan (NPL) ratio of 1.83 percent, lower than the industry’s 3.27 percent.
Keeping costs in check
The bank also improved its risk coverage, with non-performing loan reserves at 145 percent under new Bangkok Sentral ng Pilipinas guidelines.
Shareholders benefited from an 11 percent increase in book value per share to P107.83, the filing also showed.
BDO expanded its physical presence by opening 71 new branches, mostly in rural and provincial areas, bringing its total network to 1,791 locations.
“To complement its physical network and future-proof the bank, BDO continues to invest in digital capabilities to offer enhanced products, improve customer experience, and generate operational productivity,” BDO said in the filing.
