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.