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BDO net income up 12 percent to P23.9 billion in first half of 2022

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ABS-CBN News

<p>MANILA - BDO Unibank on Monday said its net income for the first half reached P23.9 billion, up 12 percent compared to the same period last year.</p><p>The performance was attributed to the strong results across its core businesses, the bank said in a disclosure to the stock exchange.</p><p>Customer loan portfolio went up by 9 percent driven by an 11 percent increase in CASA or Current Account Savings Account deposits, it said. </p><p>Its non-performing loan (NPL) ratio or bad loans is down to 2.39 percent while its NPL coverage is higher at 138 percent.</p><p>Capital ratios, meanwhile, remain comfortably above the regulatory minimum, BDO said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/28/22/bdo-to-infuse-more-capital-into-rural-banking-unit">BDO to infuse more capital into rural banking unit to sustain expansion</a></li>	<li><a href="https://news.abs-cbn.com/business/04/22/22/bdo-posts-p117-b-net-income-for-q1-2022">PH Central Bank eyes crafting regulatory framework for digital banks</a></li></ul><p>It said it is also continuously rolling out digital capabilities and self-service technologies to make banking services more accessible and easy to use.</p><p>BOD has over 1,500 operating branches and 4,500 ATMs nationwide. </p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1646531" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

BDO Unibank on Monday said its net income for the first half reached P23.9 billion, up 12 percent compared to the same period last year.