BDO Unibank Inc. (BDO) grew its web earnings by 12 % year-on-year to P23.9 billion within the first half of 2022 on sturdy outcomes throughout its core companies.
Buyer mortgage portfolio went up by 9 %, funded by an 11-percent rise in CASA (present account financial savings account) deposits which now comprise 85 % of complete deposits.
Non-interest earnings expanded to P34.3 billion, lifted by the sturdy growth in charges and insurance coverage premiums.
Pre-provision working revenue was as much as P39.2 billion reflective of the energy of core earnings sources amid tempered rise in operational bills.
Asset high quality sustained its enchancment as nonperforming loan-to-total loans ratio went dow…
Carry on studying: BDO net income up 12% in first 6 months