BDO Hits P82.0B Income in 2024, 1Q 2025 Net Income at P19.7B

President and CEO Nestor V. Tan reported during BDO Unibank, Inc.’s (BDO) 2025 Annual Stockholders’ Meeting that the Bank recorded a net income of P82.0 billion in 2024, up by 12% from P73.4 billion in 2023. The expansion was driven by a strong balance sheet and growth across core businesses such as loans and fee income, resulting in a Return on Common Equity (ROCE) of 15.1%.

The Bank sustained its momentum in the first quarter of 2025, with net income increasing to P19.7 billion from P18.5 billion in the same period last year supported by the double digit growth in loans and a solid performance in fee income. ROCE was at 13.8% in the first quarter of 2025.

The Philippine economy is expected to stay resilient despite economic uncertainties arising from US tariffs and trade policies. With BDO’s strong business franchise, market leadership, and robust capital position, the Bank remains well-positioned to navigate potential risks and achieve sustainable growth and profitability.

BDO is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services.

BDO has the country’s largest distribution network, with over 1,800 consolidated operating branches and more than 5,800 teller machines nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2024.