BDO Unibank, Inc. (BDO) achieved a net income of ₱82.0 billion in 2024, marking a 12% increase year-on-year (YoY) from ₱73.4 billion in 2023, reflecting robust performance across its core businesses. This result corresponds to a Return on Common Equity (ROCE) of 15.14% for the year.

The bank’s Gross Customer Loans grew 13% YoY to ₱3.2 trillion, driven by double-digit growth in all segments. Total Deposits rose by 6% YoY to ₱3.8 trillion, with the Current Account/Savings Account (CASA) ratio at 71%.

Net Interest Income and non-interest income both saw an 8% increase, supported by growth in earning assets and the Bank’s service businesses.

BDO maintained strong asset quality with a Non-Performing Loan (NPL) ratio of 1.83%, lower than the industry average of 3.27%. NPL coverage remained steady at 145%, compared to 144% in the previous quarter, using the revised BSP guidelines.

Shareholders’ equity expanded 11% YoY, and Book Value Per Share grew 11% to ₱107.83. The bank’s CET1 ratio stood at 14.1%.

BDO also continued its branch expansion, opening 71 new branches across the country, focusing on underserved rural and provincial areas, bringing the total network to 1,791 branches.

To further enhance its service, BDO is investing in digital capabilities to improve customer experience, operational efficiency, and product offerings. Additionally, the bank successfully issued its second and third ASEAN Sustainability Bonds in 2024, raising a total of ₱119 billion to fund sustainable development projects.