BDO Unibank, Inc. (BDO), the banking arm of the Sy group, reported a net income of P19.7 billion for the first quarter of 2025, up 6.5 percent from P18.5 billion recorded in the same period last year driven by strong growth across its core businesses.
Return on average common equity (ROCE) stood at 13.8 percent, the bank said Friday in a disclosure to the stock exchange.
“Despite economic uncertainties arising from US tariffs and trade policies, the Philippines is expected to remain resilient being a domestic and consumption-based economy,” BDO said.
The bank said it is remains well-positioned to navigate potential risks and achieve sustainable growth and profitability with its strong business franchise, market leadership, and robust capital position.
Gross customer loans rose by 12 percent to P3.3 trillion during the period, showing broad growth across all market segments.
Deposits grew by 6 percent to ₱3.8 trillion with Current Account and Savings Account (CASA) ratio remained high at 70 percent.
Net interest income increased by 6 percent due to growth in earning assets. Non-interest income jumped 21 percent, supported by higher fee-based revenues.
Asset quality improved.
The bank’s non-performing loan (NPL) ratio dropped to 1.77 percent. NPL coverage was at 143 percent under updated BSP guidelines.
Shareholders’ equity rose 12 percent, driven by continued profits.
Book value per share increased by 12 percent to ₱111.13. The common equity tier 1 (CET1) ratio improved to 14.4 percent from 13.6 percent last year.
BDO has the country’s largest distribution network, with over 1,800 consolidated operating branches and more than 5,800 teller machines nationwide.
It also has 16 international offices, including full-service branches in Hong Kong and Singapore in Asia, Europe, North America and the Middle East.
It is also ranked as the country’s largest bank in terms of total assets, loans, deposits and trust funds under management as of end 2024.
