BDO Unibank Inc. still bore the brunt of the coronavirus disease 2019 (Covid-19) pandemic, recording a 48-percent drop in profit in the January to September period. Net interest income in the period jumped by 13 percent to P99.8 billion on higher margins and a growth in its interest-earning assets. For the third quarter, BDO booked P12.3 billion in net income, higher than the P11.9 billion it recorded in the same period last year. Total deposits grew to P2.6 trillion, while non-interest income stood at P36.8 billion. Shares of BDO dipped 1.80 percent or P1.75 to finish at P95.25 each on Monday.

Source: Manila Times October 26, 2020 16:41 UTC