Update on BDO Unibank 2021 Partial Net Income
BDO UNIBANK – The bank revealed its earning for the first nine (9) months of the year 2021 amid the COVID-19 pandemic in the Philippines.
The COVID-19 pandemic affected all fields in the Philippines. Many businesses had to temporarily or permanently close due to the impact of the crisis caused by the pandemic. The country remains under community quarantine measures now and businesses that operate have to abide by the protocols and the changes.
Even essential businesses like banks are affected by the crisis. Although essential businesses are allowed to operate even on stricter lockdown measures, they have to cut the physical workforce and follow the guidelines released by the government. They also have to find ways to cope with the demands of the current situation to be able to meet the needs of their clients.
For most banks, they used online platforms to continue delivering services to their clients. One of these is BDO Unibank.
BDO already has a website even before the pandemic started. They polished it more amid the quarantine measures and the continuous encouragement to the people to limit public exposure as much as possible.
A year ago, the net income of BDO Unibank was at P16.6 billion as it has disclosed to the stock exchange. Recently, the giant bank which is one of the biggest and the most popular in the country revealed its partial net income for the year 2021.
Based on a report on ABS-CBN News, BDO Unibank said it has earned on the level it got before the pandemic has started. They reported a partial net income of Php 32.4 for the first nine (9) months of the year 2021.
According to the bank, it has a positive loan growth and earnings shows “stable quarter on quarter business performance”. It also noted its positive outlook with the increasing rates of vaccination in the country and the improving mobility of the people.
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