Finding ways. BDO reported a net income of ₱19.7 billion in Q1 2025 from the sustained performance across its core businesses.
BDO Unibank, Inc. (BDO) recorded a net income of ₱19.7 billion in Q1 2025, vs. ₱18.5 billion for the comparable period a year ago, driven by sustained performance across its core businesses. Return on Average Common Equity (ROCE) was at 13.8% for the period.
Gross Customer Loans grew by 12% to ₱3.3 trillion, reflecting broad-based growth across all market segments. Deposits expanded by 6% to ₱3.8 trillion, with a Current Account/Savings Account (CASA) ratio of 70%.
Net Interest Income increased by 6% with the growth in earning assets, while non-interest income rose by 21%, fueled by the strong performance of fee-based income.
Asset quality improved, with Non-Performing Loan (NPL) ratio decreasing to 1.77%, and NPL coverage at 143%, according to the updated BSP guidelines which exclude provisions appropriated in Retained Earnings. Using the old reporting standard, NPL coverage would have been 179% in Q1 2025.
Shareholders’ equity increased by 12% on continued profitable operations, with Book Value Per Share up by 12% to ₱111.13. The Bank’s CET1 ratio was higher at 14.4%, from 13.6% in the same period last year.
Despite economic uncertainties arising from US tariffs and trade policies, the Philippines is expected to remain resilient being a domestic and consumption-based economy. Notably, BDO remains well-positioned to navigate potential risks and achieve sustainable growth and profitability with its strong business franchise, market leadership, and robust capital position.
The way forward. Before the start of its annual stockholders’ meeting, BDO invited business reporters to join a press briefing led by the bank’s president and CEO, Nestor V. Tan, who shared his insights into the company’s performance over the past year and discussed the outlook for 2025. He also entertained related questions from the media. The Press Briefing happened last April 25, 2025 at Conrad Manila.
