INQUIRER.net: BDO reports net profit of P14.3 B

INQUIRER.net Philippine News for Filipinos

BDO reports net profit of P14.3 B Feb 26th 2013, 05:20 MANILA, Philippines—The country's largest bank, BDO Unibank Inc., increased its net profit last year by 36 percent to a record high P14.3 billion, outperforming its profit projection on higher interest earnings and hefty trading gains.   BDO, the banking arm of the family of tycoon Henry Sy, disclosed to the Philippine Stock Exchange on Tuesday that the bank was able to exceed the P12.5 billion earnings projection for the year as both interest and non-interest income expanded.  Return on common equity settled at 11.5 percent in 2012.   "Driving the bank's solid performance last year was the robust expansion in its lending, deposit-taking, and fee-based busi... Keep on reading: BDO reports net profit of P14.3 B Media files: bdo.jpg (image/jpeg)

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