INQUIRER.net: BDO chalks up record-high net profit in first 9.months

INQUIRER.net Philippine News for Filipinos

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BDO chalks up record-high net profit in first 9.months Oct 29th 2013, 02:55 MANILA, Philippines -- The country's leading lender Banco de Oro Unibank chalked up a record-high net profit of P18.2 billion in the first nine months, 73 percent year-on-year, on a double-digit rise in interest earnings, fee-based and treasury gains.   This puts the banking arm of tycoon Henry Sy "on track" and "very optimistic" to hit its P20.4-billion profit guidance for 2013, BDO president Nestor Tan said.   "Our core businesses continued to deliver very good numbers despite pressures from excess system liquidity and capital market volatility," Tan said.   Net interest income rose by 16 percent year-on-year to P31 billion, supported by... Keep on reading: BDO chalks up record-high net profit in first 9.months Media files: bdo.jpg (image/jpeg)

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