Update on BDO Unibank Net Income during the First Half of 2022
BDO UNIBANK NET INCOME – BDO revealed its net income from January to June 2022 and the factors behind the bank’s performance.
There are several banks in the Philippines. Some are under the government while others are private commercial banks. They are the turn-tos of many people with regards to financial matters whether it is saving money or borrowing money.
In the Philippines, one of the most popular banks is BDO Unibank. It has several branches across the nation and as well as automated teller machines (ATMs) where its clients can perform banking activities. It has more than 1,500 operating branches and 4,500 ATMs across the nation.
Furthermore, the bank also has a website where the public can avail its offers. Many people are solid clients of the said trusted banking institution.
BDO Unibank got different types of account offers – savings accounts, deposit accounts, time deposit accounts. The bank also offers credit cards, loans, insurance policies through a partner, and several other investment products.
BDO Unibank can assist in making huge purchases through its multi-purpose loan offer, residential property acquisition, and as well as the purchase of a vehicle. From time to time, updates about BDO Unibank net income are available through its disclosure to the stock exchange.
Based on a report on ABS-CBN News, the BDO Unibank net income for the first half of 2022 reached P23.9 billion. It is 12% higher compared to the income of the bank in the same period last year.
According to the bank, its performance is credited to the strong results across its businesses. The 11% increase in the Current Account Savings Account (CASA) deposits led the customer loan portfolio to go up by 9%. Its portfolio of bad loans also dropped to 2.39%.
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