Sy-led lender BDO Unibank Inc. reported a 12% increase in its first-half bottom line, driven mainly by higher lending activity during the period.
The firm said its net income climbed to P23.9 billion from the same period last year, as its customer loan portfolio increased by 9%.
The ratio of the bank’s nonperforming loans to the total declined to 2.39%, while the NPL cover increased to 138%.The bank’s products and services cover retail banking and lending, with its subsidiaries providing leasing and financing; investment banking; private banking; bancassurance; insurance brokerage; and stock brokerage services.
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