BDO net income rises to P7.08 billion in Q3


Posted at Nov 02 2017 01:25 PM

MANILA - BDO Unibank, the country's largest lender, on Thursday reported a 17-percent jump in net income in the third quarter.

The bank controlled by the country's richest man, Henry Sy, said net income attributable to shareholders rose to P7.08 billion in the July to September period, bringing the 9-month total to P20.4 billion, up 5.4 period from the comparable period in 2016.

Total interest income, which includes loans and securities investments, rose to P25.8 billion in the third quarter, up 24.4 percent during the same period last year.

BDO shares were up 5 percent to P144.4 after it disclosed third quarter results to the stock exchange.