BDO reports uptick in 2023 net income | ABS-CBN
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BDO reports uptick in 2023 net income
BDO reports uptick in 2023 net income
ABS-CBN News
Published Apr 22, 2024 11:17 AM PHT
MANILA -- BDO's net income climbed to P73.4 billion in 2023, higher than the P57.1 billion it posted in 2022.
MANILA -- BDO's net income climbed to P73.4 billion in 2023, higher than the P57.1 billion it posted in 2022.
The bank said this is because of growth across its core businesses.
The bank said this is because of growth across its core businesses.
The lender also said their net income jumped 12 percent in the first quarter to P18.5
billion from P16.5 billion in the same period in 2023.
The lender also said their net income jumped 12 percent in the first quarter to P18.5 billion from P16.5 billion in the same period in 2023.
BDO has gotten its shareholders' approval for its merger with SM Keppel Land.
BDO has gotten its shareholders' approval for its merger with SM Keppel Land.
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The Sy family's banking arm said it met the required two-thirds vote among owners of its outstanding capital stock during its shareholders' meeting last week.
The Sy family's banking arm said it met the required two-thirds vote among owners of its outstanding capital stock during its shareholders' meeting last week.
BDO is the surviving entity of the merger, which is still subject to regulatory approvals.
BDO is the surviving entity of the merger, which is still subject to regulatory approvals.
The bank previously shelled out over P8 billion to buy out SM Keppel Land shares from Singapore's Keppel Group--its partner operator of the Podium complex in Ortigas.
The bank previously shelled out over P8 billion to buy out SM Keppel Land shares from Singapore's Keppel Group--its partner operator of the Podium complex in Ortigas.
BDO's net income reached P53.9 billion in the first 9 months of 2023.
BDO's net income reached P53.9 billion in the first 9 months of 2023.
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