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BDO nets P32.1 B net profit in first 9 months

/ 01:05 PM October 28, 2019

MANILA,Philippines –  The country’s leading lender BDO Unibank grew its net profit in the first nine months by 49.3 percent year-on-year to P32.1 billion on higher interest earnings and treasury gains.

This translated to a return on common equity of 12.5 percent, compared to 9.5 percent in the same period last year, BDO disclosed to the Philippine Stock Exchange on Monday.

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The bank grew its loan book by 6 percent year-on-year to P2.1 trillion, led by the sustained growth in the middle-market and consumer segments.

On the funding side, BDO’s total deposits went up by 3 percent to P2.4 trillion, with low-cost deposits rising by 6 percent and accounting for 72 percent of total deposits./gsg

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TAGS: Banco de Oro, BDO, lending, Profit
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