Banco De Oro Unibank, Inc. (BDO)
BDO reported a net income of Php 10.5 billion in 2011, up 19% compared to Php8.8 billion in 2010. BDO’s loan portfolio grew 24% to Php670.1 billion by focusing on creditworthy borrowers in fast-growing industry sectors. Total deposits increased 10% to Php858.6 billion. Recurring fee-based income rose 18% to Php12.3 billion.
Operating expenses grew moderately at 4% to Php36.3 billion. BDO’s non-performing loan (NPL) ratio further declined to 3.4% from 4.7% in 2010. The bank’s capital adequacy ratio (CAR) improved from 13.8% in 2010 to 15.8%. The full year 2011 results brought in enhanced shareholder returns, with return on equity at 11.7%.
- https://www.affordablecebu.com/