BDO projects a net income of ₱53.9 billion for the first nine months of 2023

Capital continues to strengthen with 13% increase in Book Value 

In the third quarter of 2023, BDO Unibank, Inc. (BDO) recorded a net income of ₱53.9  billion, up from P40.0 billion in the third quarter of 2022. This increase was driven by broad-based development across its key operations. Due to this, the Return on Common Equity (ROCE) increased to 15.1% from 12.4% in the same time last year.

Customer Loans climbed 7.5% year over year to P2.7 trillion and Deposits increased 12% to ₱3.4 trillion, bringing Net Interest Income to an increase of P176.4 billion.

With help from a number of fee-based and treasury/FX businesses, non-interest income reached a final value of 57.9 billion.

With sales growth still outpacing expense growth, pre-provision operating profit reached an amount of ₱ 80.6 billion.

Non-Performing Loan (NPL) ratio remained stable at 1.99% despite the higher interest rate environment, while NPL coverage improved to 176%. The Bank continues to set aside provisions in line with its conservative credit and provisioning policies.

Common Equity increased to ₱494.3 billion given continued profitable operations. Book Value Per Share (BVPS) increased 13% to ₱93.83. Capital Adequacy Ratio and Common Equity Tier 1 (CET1) Ratio strengthened to 15.6% and 14.5%, respectively, with ample capital buffers vs. regulatory minimum levels. 

While macroeconomic challenges persist, the Bank remains cautiously optimistic and is well-positioned to capitalize on opportunities given its strong balance sheet and diversified business franchise. 

Are you Financially World Class?

“You can learn how to become a Financially World Class Company by making your finances simple and getting your management team focused on the right measures”, said Mr. Andrew Stotz, PhD, CFA.  

And, this is exactly what he is going to impart in his inaugural seminar-workshop entitled “Make Your Company Financially World Class” happening this September 28-29, 2016 at the Holiday Inn Manila Galleria powered by The Society Events in partnership with ADFIAP and ThinkTank Global Branding.

From his two decades as a financial analyst and business owner, Andrew created a simple, easy-to-understand, comprehensive way to get any management team focused on the financial measures that matter.  Using the same system, you can make your company financially world class.

Who should attend this two-day seminar-workshop?  

• Entrepreneurs looking for ways to beat large, established competitors

• CEOs, CXOs, CFOs, MDs and Senior Management

• Highly competitive management team members

• New managers who are looking for new ways to be more effective

• Advisors and coaches to senior management

The seminar is broken into four parts and all materials will be provided.  Participants will need to provide financial data on their companies prior to the event and will work through their own plan of action to take away from the seminar.  

And, the most awesome deal is each participant will get a 30-minute follow up Skype call with Andrew after the seminar to help the participant to continue to implement what they have learned.

Mr. Andrew Stotz, PhD, CFA is an award-winning financial analyst with twenty years of experience at various investment banks. He is the CEO of A. Stotz Investment Research, an independent research firm which helps companies improve their financial performance; and individuals and institutions grow their wealth. He has been a university lecturer throughout his career, and earned his PhD (Finance) from the University of Science and Technology of China. Andrew co-founded CoffeeWORKS Co. Ltd., Thailand’s leading specialty coffee roaster and has authored two books: You Won’t Get Rich in the Stock Market… Until You Change the Way You Think about It and Transform your Business with Dr. Deming’s 14 Points. He currently serves as the President of CFA Society Thailand and has been a Chartered Financial Analyst since 2001.

Register now until September 16 to enjoy a Php5,000 discount!  To register online for the seminar-worksho, please go to http://dsocietyevents.wixsite.com/mysite/events.  

For inquiries, please free to send an email to events@andrewstotz.com  or a message to 09178419571.