BDO Unibank, Inc. (BDO) reported a net income of ₱40.7 billion in the first half of 2026, slightly higher than ₱40.6 billion in the same period last year, driven by the continued strength of its core business segments. Return on equity stood at 12.7%.
The bank sustained strong operating momentum, delivering mid-teens loan growth, double-digit growth in pre-provision operating profit and improved asset quality. Provisions were increased as a prudential measure against evolving risks.
Net interest income rose 11% year over year as gross customer loans expanded 15% to ₱3.9 trillion, supported by double-digit growth across all segments. Total deposits increased 13% while current and savings account (CASA) grew 4%.
Non-interest income increased 4%, led by a 14% rise in insurance operations. Operating expense growth remained contained at a single-digit pace, resulting in a 12% increase in pre-provision operating profit.
Asset quality continued to improve, with nonperforming loan (NPL) ratio declining to 1.64% from 1.75% in the same period last year. NPL coverage stood at 132%. Credit cost increased to 67 basis points, reflecting management’s proactive approach to potential risks.
Shareholders’ equity rose 8%, with book value per share increasing to ₱121.78. The bank’s common equity Tier 1 (CET1) ratio stood at 13.1%.
Backed by strong business fundamentals, a healthy balance sheet, and its market leadership position, BDO remains well-positioned to navigate prevailing uncertainties and capture opportunities in an evolving business environment.
