Sustaining its strong momentum. BDO Unibank posted a net income of ₱40.7 billion in the first half of 2026, slightly higher than ₱40.6 billion in the same period last year.
BDO Unibank, Inc. delivered a resilient first-half performance in 2026, posting a net income of ₱40.7 billion as the country’s largest lender continued to expand its loan book, improve asset quality, and strengthen its balance sheet despite an increasingly uncertain economic landscape.
The bank’s earnings edged slightly above the ₱40.6 billion recorded in the same period last year, underscoring the stability of its core banking operations. Return on equity stood at 12.7%, reflecting sustained profitability amid evolving market conditions.
BDO’s biggest growth driver remained its lending business, with gross customer loans surging 15% to ₱3.9 trillion, outpacing industry growth through broad-based expansion across corporate, commercial, and consumer segments.
The stronger lending activity translated into an 11% increase in net interest income, while total deposits climbed 13%, reinforcing the bank’s funding base. Current and savings account (CASA) deposits also continued to grow, rising 4% during the period.
Beyond lending, BDO’s diversified business model continued to deliver. Non-interest income expanded 4%, supported largely by a 14% jump in insurance operations, highlighting the growing contribution of its financial services ecosystem.
The bank also kept costs under control, with operating expenses increasing only at a single-digit pace. This disciplined expense management helped drive a 12% increase in pre-provision operating profit, giving BDO additional financial flexibility while continuing to invest in growth.
At the same time, BDO further strengthened its credit profile. The bank’s nonperforming loan (NPL) ratio improved to 1.64%, down from 1.75% a year earlier, while maintaining an NPL coverage ratio of 132%.
Although credit costs rose to 67 basis points, management said the higher provisioning reflects a prudent approach to preparing for potential risks rather than signs of weakening asset quality.
BDO also ended the semester with a stronger capital position. Shareholders’ equity increased 8%, lifting book value per share to ₱121.78, while its Common Equity Tier 1 (CET1) ratio stood at 13.1%, remaining comfortably above regulatory requirements.
With sustained loan expansion, improving asset quality, and solid capital buffers, BDO said it remains well-positioned to navigate market volatility while pursuing growth opportunities as economic conditions continue to evolve.