BDO reports P19.7B Q1 net income, 6% rise in interest income, deposit growth

BDO Unibank reported a net income of P19.7 billion for the first quarter of 2025, marking a 7 percent increase from the same period in 2024.

The growth was driven by a 6 percent rise in net interest income to P47.6 billion and an expansion in loans by 12 percent to P3.3 trillion.

Consumer loans grew by 17.3 percent, while corporate and middle market loans increased by 8.7 percent and 12.7 percent respectively, with the non-performing loan ratio decreasing slightly to 1.77 percent.

Deposits rose by 6 percent to P38 trillion, and non-interest income surged 21 percent to P18.6 billion due to higher fee-based income.

BDO President Nestor Tan announced plans to open between 100 to 120 new branches this year.