BDO Unibank Inc. set a new record for its nine-month net income at P63.6 billion in 2026, up from P63.1 billion a year earlier, as stronger lending and improved asset quality supported its core businesses.
The Sy family-led bank said on Friday that its net income grew by about 0.8 percent despite a challenging economic environment. Return on equity stood at 13.1 percent.
‘The bank continued its strong operational performance, supported by robust loan growth, double-digit pre-provision operating profit growth and further improvement in asset quality,’ the bank said.
Gross customer loans expanded by 16 percent to P4.1 trillion, outpacing the banking industry’s 11-percent growth. All lending segments recorded double-digit increases.
BDO said its bigger loan portfolio helped lift net interest income by 11 percent year-on-year.
Preprovision operating profit increased by 10 percent, supported by loan growth and controlled spending.
Operating expense growth stayed within single-digit levels, while noninterest income rose by 3 percent.
Total deposits increased by 11 percent, with current and savings account deposits growing by 5 percent.
Asset quality improved alongside the expansion in lending. The nonperforming loan (NPL) ratio declined to 1.6 percent from 1.77 percent a year earlier, while the NPL coverage ratio remained at 132 percent.
Shareholders’ equity grew by 6 percent. Book value per share likewise increased by 6 percent to P123.6, while the common equity Tier 1 ratio stood at 12.6 percent.
BDO said its diversified businesses and financial position would support its pursuit of growth opportunities amid changing market conditions.