BDO Unibank, Inc. grew its net income last year by a tenth. It has reached an all-time high of Php 25.055 billion in the midst of robust growth in all of its core businesses. In a Monday regulatory filing, the bank said that its net income grew to a record high level in 2015, which was faster than the 5% growth of 2014.
The rise in profit came after a sustained expansion in lending, fee-based businesses, and deposit-taking. Even more impressive is the fact that the rise came despite an immensely challenging operating environment. The net interest earnings stood at Php 56.961 billion, which is 17% greater from its previous Php 46.111 billion.
