Sy-led lender BDO Unibank Inc. on Monday reported 12% growth in its earnings for the first half of 2024, which it attributed to the strong performance of its core intermediation and fee-based service businesses during the period.In an emailed statement, BDO said its net earnings grew to P39.4 billion, as non-interest income expanded by 13%. Its customer loans increased by 13% across all segments, while deposits grew by 13%.
It ended the semester with a current account/savings account ratio of 69%, while its annualized return on common equity improved to 15.8% from 14.3% in the first three months of the year.The bank said its non-performing loan ratio settled at 2.06%, while its NPL coverage was recorded at 169%, which was better than industry average.BDO currently has over 1,700 consolidated operating branches and over 5,500 teller machines across the country.