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Apr 20, 2018 @ 21:58

BDO profit seen hitting P31.4B in 2018


BDO Unibank, the country’s largest lender, expects another solid year with net earnings seen rising 11 percent to P31.4 billion.

The bank sees sustained expansion in loans given the government’s push to ramp up infrastructure development.

For the first quarter, BDO’s net income was flat at P5.9 billion, Excluding the mark to market (MTM) revaluation of its investment portfolio and the ongoing restructuring and expansion costs, net income rose 16 percent.

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