BDO net income up 12 pct from Jan-Sept

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BDO net income up 12 pct from Jan-Sept

Benise Balaoing,

ABS-CBN News

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MANILA — BDO's net income climbed 12 percent to P60.6 billion from January to September 2024.

In a disclosure to the stock exchange, the bank said this was due to the sustained strong performance of its core intermediation and fee-based service businesses.

BDO said loans grew by 13 percent, while deposits jumped 10 percent.

The lender also showed that net interest expanded by 16 percent because of growth in fees and service charges, treasury and forex gains, and income from insurance operations.

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BDO's net income climbed to P39.4 billion in the first half of 2024.

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