Sy-led BDO says earnings back to pre-pandemic level

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BDO Unibank on Monday reported its net income for the first nine months of 2021 reached P32.4 billion which brought earnings back to pre-pandemic levels.

The total is higher compared to the P16.6 billion a year ago, BDO said in a disclosure to the stock exchange. “Earnings normalize to pre-pandemic levels, shows stable quarter on quarter business performance with loan growth turning positive.

Outlook turns positive with increasing vaccination rates and improving mobility,” the bank said.

Gross customer loans grew 5 percent year-on-year while total deposits rose 6 percent, driven by the expansion in current/savings account deposits which now comprise 85 percent of total deposits, the bank said. (PR)

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