BDO Unibank Inc. (BDO) signed a business alliance agreement through a memorandum of understanding (MOU) with The Hyakujushi Bank Ltd. (HBL), a leading regional bank based in Kagawa Prefecture. With 132 branches including satellite offices and commercial banking services, HBL is the 16th Japanese bank which has partnered with BDO.
BDO Unibank, Inc.’s (BDO) net income increased to P57.1 billion for the full year 2022 vs. P42.8 billion in 2021, driven by robust growth across its core businesses. This led to Return on Average Common Equity (ROCE) of 13.0% for the year improving to 15.3% for the fourth quarter, from 10.5% in 2021 and 12.8% in pre-COVID pandemic 2019.
BDO Unibank Inc. (BDO) remains committed to a sustainable future as it continues to provide access to capital and funding requirements to clients’ significant projects to achieve their goals while preserving the environment. As a key contributor to help accelerate the Philippine economy, the Bank continues to engage and lend eco-friendly companies to fuel long-term development and business success while protecting the planet.
The state of the economy significantly sways stock market movements. When inflation is high, it puts a dent on consumer spending and companies will inevitably feel the pinch on their profits, which may cause stock prices to dip.
PGA Cars, the sole importer and dealer of luxury brands Porsche, Audi, Lamborghini, and Bentley in the Philippines, takes the lead in introducing sustainable and cleaner transport solutions in the country by bringing in the fully electric Porsche Taycan and Audi e-tron range.
Copyright © 2024. All Rights Reserved.
