BDO net income up 6.49% to PHP 19.7 billion in Q1 2025

BDO UNIBANK, Inc.'s net income increased by 6.49% to PHP 19.7 billion in the first quarter of 2025 compared to the same period in 2024.

The bank's performance was driven by growth in its core businesses and a rise in non-interest earnings by 21%, primarily due to higher fee-based income, as well as an increase in total customer loans by 12% to PHP3.3 trillion.

Despite economic uncertainties, BDO remains optimistic about achieving sustainable growth and profitability with robust capital positions and market leadership, bolstered by the resilience of the Philippine economy.

Net interest income rose by 6% to PHP 47.8 billion, while gross customer loans expanded by 12% to PHP 3.3 trillion as of March.

BDO's President and CEO, Nestor V. Tan, noted that the Bangko Sentral ng Pilipinas' ongoing easing cycle may affect their earnings but could be offset by strong consumer loan growth and lower funding costs.

The bank expects sustained demand in the middle market and large corporate segments, with potential impacts from global trade uncertainties on capital expenditures, and projects two more rate cuts before year-end.