You plan to move to the Philippines? Wollen Sie auf den Philippinen leben?

There are REALLY TONS of websites telling us how, why, maybe why not and when you'll be able to move to the Philippines. I only love to tell and explain some things "between the lines". Enjoy reading, be informed, have fun and be entertained too!

Ja, es gibt tonnenweise Webseiten, die Ihnen sagen wie, warum, vielleicht warum nicht und wann Sie am besten auf die Philippinen auswandern könnten. Ich möchte Ihnen in Zukunft "zwischen den Zeilen" einige zusätzlichen Dinge berichten und erzählen. Viel Spass beim Lesen und Gute Unterhaltung!


Visitors of germanexpatinthephilippines/Besucher dieser Webseite.Ich liebe meine Flaggensammlung!

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Showing posts with label Banco de Oro Unibank. Show all posts
Showing posts with label Banco de Oro Unibank. Show all posts

Tuesday, February 28, 2023

BDO net balloons to P57B


A view of BDO Unibank Inc.'s main office building in Makati City. File Photo

By The Manila Times

February 28, 2023 


THE country's largest bank saw its net income surge to P57.1 billion last year, up 34.7 percent from P42.8 billion in 2021, following robust growth across its core businesses.


The earnings were "broad-based and diversified," the Sy-led bank said in a statement, adding that it remained optimistic about its growth prospects despite current headwinds.


"We continue being alert to the challenges posed by supply constraints, higher inflation, tighter external liquidity, rates/FX (foreign exchange) volatility and geopolitical strains," it said.


"While macroeconomic challenges remain... BDO believes that its established business franchise and strong balance sheet will allow the bank to surmount near-term risks and capitalize on structural growth opportunities to attain long-term sustainable growth," it also said.


Return on equity improved to 13 percent for the year — 15.3 percent in the fourth quarter alone — from 10.5 percent in 2021 and 12.8 percent in 2019 before the start of the Covid-19 pandemic.


Gross customer loans were said to have gone up by 9 percent year on year, which BDO described as "broad-based" and due to the economy's reopening. Deposits climbed by 14 percent and net interest income grew by 14 percent to P149.2 billion.


Non-interest income, meanwhile, rose by 17 percent to P71.5 billion on the back of strong fee income, foreign exchange and fixed-income client-flow businesses.


Asset quality also improved, the bank said, with the non-performing loan (NPL) ratio declining to 1.95 percent and NPL coverage strengthening to 167 percent.


Total capital expanded to P461.5 billion with the capital adequacy and common equity tier 1 ratios both above regulatory minimum levels at 14.5 percent and 13.4 percent, respectively. Book value per share rose by 9 percent to P86.20 year on year.


Also on Monday, BDO announced on Monday that its board of directors had approved an increase in the bank's quarterly cash dividends on common shares to P0.75 per beginning this year and payable on March 31, 2023.


"This will be the new dividend policy of BDO going forward," the bank said in a separate statement.


"This higher dividend payout compares favorably with the P0.30 per share quarterly dividend in the past, as the bank recognizes the importance of providing a stable and sustainable dividend stream consistent with its commitment to shareholders, and its financial performance," it added.


The bank's shares rose by 10 centavos, or 0.08 percent, on Monday to P124.10 apiece amid a 1.29-percent plunge for the benchmark Philippine Stock Exchange index.

Tuesday, August 2, 2022

BDO income up 12% to P23.9B

 


NEW FUNDS A view of BDO Unibank Inc.’s main office building in Makati City. According to the lender, it has raised P52.7 billion in new funds through fixed-rate Asean Sustainability Bonds. PHOTO BY ENRIQUE AGCAOILI


BDO Unibank Inc. (BDO) posted a 12-percent increase in its net income for the first half of 2022 to P23.9 billion on the back of strong results across its core businesses.


In a disclosure to the Philippine Stock Exchange on Monday, BDO said its customer loan portfolio grew by 9 percent, bolstered by an 11-percent increase in its current account savings accounts (CASA) deposits, which now comprise 85 percent of total deposits.


The company said noninterest income was up to P34.3 billion, lifted by the increased volume of transactions, translating into an increase in fees and insurance premiums.


Pre-provision operating profit also increased up to P39.2 billion, reflecting the strength of core income sources amid a tempered increase in operating expenditures.


Asset quality sustained its improvement as the nonperforming loan ratio went down further to 2.39 percent, as against 2.72 percent a quarter ago and 3.12 percent year on year.


BDO continues to roll out new digital capabilities and self-service technologies across branches to make banking services more accessible, easier to use and operationally efficient. These branch innovations include paperless straight through processing capability, covering 80 percent of branch transactions and card-less automated teller machine transactions using biometrics, facial recognition and QR codes.


BDO is now also offering its mobile wallet, BDO Pay, to non-BDO account holders. BDO Pay does not require any initial deposit nor maintaining balance, and currently allows fund transfers to other bank accounts without transaction fees.


BDO's established business franchise, healthy capital position and sustainable earnings performance reinforce the bank's resilience against prevailing macroeconomic headwinds and puts it in a good position to capitalize on the country's opportunities for sustained long-term growth.