BDO earns P28.1 billion in 2017

BDO Unibank Inc. (BDO) reported an all-time high net income of P28.1 billion in 2017 on strong growth across all business segments, matching the bank’s earnings guidance and marking a seven percent rise year-on-year.

Excluding consolidation effects of the life insurance business, however, this represented a strong 15 percent jump in core earnings on the back of solid growth in loans, low-cost deposits and fee-income.

The sustained expansion in lending, deposit-taking and fee-based businesses drove the bank’s solid performance last year.

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