BDO UNIBANK, Inc. saw its net income rise by 6.49% in the first quarter on the back of the sustained performance of its core businesses.
Despite a strong start to the year, however, the listed lender expects the central bank’s ongoing easing cycle to hit its margins, although the outlook remains broadly positive, BDO President and Chief Executive Officer Nestor V. Tan said at a briefing following their annual stockholders’ meeting on Friday.
BDO’s net profit climbed to P19.7 billion in the first quarter from P18.5 billion in the same period in 2024, the Sy-led bank said in a disclosure to the stock exchange on Friday. This translated to a return on average common equity of 13.8%.
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