BDO Unibank, Inc. (BDO) achieved a net income of โฑ82.0 billion in 2024, marking a 12% increase year-on-year (YoY) from โฑ73.4 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 bankโs Gross Customer Loans grew 13% YoY to โฑ3.2 trillion, driven by double-digit growth in all segments. Total Deposits rose by 6% YoY to โฑ3.8 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 Bankโs 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.
Shareholdersโ equity expanded 11% YoY, and Book Value Per Share grew 11% to โฑ107.83. 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 โฑ119 billion to fund sustainable development projects.
