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Enjoy the latest deals this Christmas on BDO Pay

'Tis the season to be shopping to avoid the Christmas rush! Thanks to the convenience of shopping totally cashless and cardless through the BDO Pay app, shopping for Christmas gifts will have a different kind of rush, not the frenetic kind. BDO Pay, through its Scan to Pay feature, minimizes the hassle in paying for transactions by linking the shopper’s BDO Savings Account, Checking Account or Credit Card with the mobile app. This eliminates the need for 'loading up' their e-wallet account and spending for transfer fees, making purchases faster, easier, and more secure. Mixing and matching to get the latest deals  Aside from the convenience of cashless and cardless shopping, BDO Pay lets shoppers enjoy BDO Deals on the app, allowing them to take advantage of exclusive promos, rewards, and rebates available for their cards and accounts.  For example, shoppers can use BDO Pay to charge their groceries to their bank account; and then charge to their credit card to treat their ...
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BDO reports 9M 2023 net income of ₱53.9 billion


  • Core businesses drive sustained earnings, with Return on Common Equity at 15.1%

  • Asset quality stable, with NPL coverage higher at 176% 

  • Capital continues to strengthen with 13% increase in Book Value 

  • Expansion in underserved / underpenetrated markets and investments in technology continue


BDO Unibank, Inc. (BDO) reported a net income of ₱
53.9 billion for the 9M 2023 vs. P40.0 billion in 9M 2022, backed by broad-based growth across its core businesses. This resulted in a Return on Common Equity (ROCE) of 15.1% compared to 12.4% in the same period last year. 


Net Interest Income increased to ₱137.4 billion with Customer Loans growing 7.5% year-on-year to ₱2.7 trillion and Deposits expanding 12% to ₱3.4 trillion. 


Non-Interest Income settled at ₱57.9 billion, supported by various fee-based and treasury/FX businesses. 


Pre-Provision Operating Profit amounted to ₱80.6 billion, with revenue growth continuing to outpace cost growth. 


Non-Performing Loan (NPL) ratio remained stable at 1.99% despite the higher interest rate environment, while NPL coverage improved to 176%. The Bank continues to set aside provisions in line with its conservative credit and provisioning policies.

 

Common Equity increased to ₱494.3 billion given continued profitable operations. Book Value Per Share (BVPS) increased 13% to ₱93.83. Capital Adequacy Ratio and Common Equity Tier 1 (CET1) Ratio strengthened to 15.6% and 14.5%, respectively, with ample capital buffers vs. regulatory minimum levels. 


While macroeconomic challenges persist, the Bank remains cautiously optimistic and is well-positioned to capitalize on opportunities given its strong balance sheet and diversified business franchise.

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