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MANILA, Philippines--The country's leading lender BDO Unibank sees net profit this year hitting a new high of P38.5 billion, likely driven by a continued double-digit expansion in loan book, improved margins and steady fee-based income. About a quarter ofBDO sees P38.5B net profit this year
MANILA, Philippines--The country's leading lender BDO Unibank sees net profit this year hitting a new high of P38.5 billion, likely driven by a continued double-digit expansion in loan book, improved margins and steady fee-based income. About a quarter of the full-year target had been achieved in the first three months of the year, during which BDO grew headline net profit by 66 percent year-on-year to P9.8 billion. Excluding non-recurring items that boosted comparative earnings last year, first quarter core earnings rose by 21 percent year-on-year, BDO president Nestor Tan said in a press briefing ahead of the bank's stockholders meeting on Monday. The first quarte...Keep on reading: BDO sees P38.5B net profit this year Read more