Latest news with #BDOUnibank
Business Times
4 days ago
- Business
- Business Times
Top Philippine bank likely to sustain record profit, CEO says
[MANILA] BDO Unibank, the Philippines' biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its chief executive said, easing investor worries over the impact of US tariffs. 'It's not ideal, it's not what we want but we can live with it,' chief executive officer Nestor Tan said on US tariffs in an interview with Bloomberg Television's Haslinda Amin on Tuesday (Aug 12). 'I don't think the banking sector will be affected that much. Of course there may be a slowdown.' Washington began imposing this month a 19 per cent tariff on Philippine goods, on par with most of its neighbours. BDO, owned by the family of late billionaire Henry Sy, reported a net income of 40.6 billion pesos (S$914.7illion) in the first half of the year, up 3 per cent from a year ago. Profit rose 12 per cent to a record 82 billion pesos for all of 2024. Shares of BDO, among the heavyweights in the benchmark Philippine Stock Exchange Index, edged higher after falling as much as 2.1 per cent earlier on Tuesday. The stock has dropped 1.4 per cent this year. Tan said a stable geopolitical situation and macroeconomic indicators will be key for the Philippines to attract investors. He expects BDO's revenues to grow by low double-digit levels this year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'There are two things that we're looking at. Number one is stability and we're seeing that slowly happening. Second is probably a more benign interest rate environment,' the bank executive said. He expects the Bangko Sentral ng Pilipinas to further cut its key interest rates twice for the rest of the year. 'It impacts our margin negatively because the yields are expected to go down a few basis points,' Tan said. 'But we're hoping that with lower interest rates, capital expenditure lending will start to pick up, and that we hope the volume will offset for the margin compression.' The bank last month raised 115 billion pesos from a 1.5-year bond, the South-east Asian nation's largest corporate bond sale. Tan said it's part of the bank's funding mix 'and when we expect rates to go down, we try to keep our liability short.' He sees the bank returning to the bond market next year. The government is targeting lower economic growth of 5.5 per cent to 6.5 per cent this year compared with a previous goal of as much as 8 per cent. BSP governor Eli Remolona has said the monetary authority has room to continue its easing cycle next year after possibly two more quarter-point cuts for the rest of 2025. BLOOMBERG
Bloomberg
4 days ago
- Business
- Bloomberg
Top Philippine Bank Likely to Sustain Record Profit, CEO Says
BDO Unibank Inc., the Philippines' biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its chief executive said, easing investor worries over the impact of US tariffs. 'It's not ideal, it's not what we want but we can live with it,' Chief Executive Officer Nestor Tan said on US tariffs in an interview with Bloomberg Television's Haslinda Amin on Tuesday. 'I don't think the banking sector will be affected that much. Of course there may be a slowdown.'
Bloomberg
29-07-2025
- Business
- Bloomberg
Top Philippine Bank Issues Nation's Largest Private Bond
BDO Unibank Inc. raised 115 billion pesos ($2 billion) from the Philippines' largest corporate bond sale, highlighting strong demand from investors seeking attractive return. The bank's fourth-peso denominated ASEAN sustainability bond will mature in one-and-a-half year and fetched a coupon of 5.875% annually. BDO, the nation's largest lender, will use the proceeds to finance green projects, support lending and diversify its funding sources.
GMA Network
12-06-2025
- Business
- GMA Network
SM Investments Corp, 6 other PH companies on Forbes' Global 2000 List
Seven Philippine companies made it into Forbes' list of the 2,000 largest companies globally for 2025. SM Investment Corp. topped the Philippine conglomerates in 811st spot after recording $10.56 billion sales, $1.44 billion in profit, $29.37 billion in assets, and $18.67 in market value. Banking giant BDO Unibank, Inc. came at 846th garnering $6.31 billion in sales, $1.43 billion in profit, $84.33 billion in assets, and a market value of $15.09 billion. Rounding up the list of Philippine firms are Top Tier Frontier Investment Holdings, Inc. at 1,116th; Metropolitan Bank & Trust Co. at 1,317th; Manila Electric Company at 1,530th; Ayala Corporation at 1,644th; and the International Container Terminal Services, Inc. at 1,702nd. The United States has the most entries on the list with 612 companies. It was followed by China with 317, Japan with 180, India with 70, and the United Kingdom with 68. American banking firm J.P. Morgan Chase remained at the top spot for the third straight year after gaining 30% from 2024. It was followed by Berkshire Hathaway, Inc., another US-based firm. China's Industrial and Commercial Bank of China, Saudi Arabia's Saudi Aramco, and America's Amazon rounded up the top five of the list. Further, Forbes noted that banking is the most represented industry in the list with 328 companies listed. — Vince Angelo Ferreras/BM, GMA Integrated News
Yahoo
09-05-2025
- Business
- Yahoo
BDO Unibank, Inc. to Present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference May 15th
Company invites individual and institutional investors, as well as advisors and analysts, to attend online at MANILA, Philippines, May 09, 2025 (GLOBE NEWSWIRE) -- BDO Unibank, Inc. (BDO, BDOUY) based in the Philippines, and focused on providing financial products and services, today announced that BDO Unibank, Inc. Executive Vice President, Luis S. Reyes will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors. DATE: May 15th TIME: 2:00 PM ETLINK: REGISTER HERE This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Participation is free of charge. About BDO Unibank, Inc. BDO is a full-service universal bank in the Philippines, providing a complete array of industry-leading products and services including Lending (corporate and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Retail Cash Cards, Corporate Cash Management and Remittances. Through its local subsidiaries, the Bank offers Investment Banking, Private Banking, Leasing and Finance, Thrift Banking and Microfinance, Life Insurance, Property and Casualty Insurance Brokerage, and Online and Traditional Stock Brokerage services. BDO's institutional strengths and value-added products and services hold the key to its successful business relationships with customers. On the front line, its branches remain at the forefront of setting high standards as a sales and service-oriented, customer-focused force. The Bank has the largest distribution network with over 1,800 operating branches and more than 5,800 teller machines nationwide. BDO has 16 international offices (including full-service branches in Hong Kong and Singapore) spread across Asia, Europe, North America and the Middle East. The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients. Through selective acquisitions and organic growth, BDO has positioned itself for increased balance sheet strength and continuing expansion into new markets. As of December 31, 2024, BDO is the country's largest bank in terms of total resources, customer loans, deposits, assets under management and capital, as well as branch and teller machine network nationwide. BDO is a member of the SM Group, one of the country's largest and most successful conglomerates with businesses spanning retail, mall operations, property development (residential, commercial, hotels and resorts), and financial services. Although part of a conglomerate, BDO's day-to-day operations are handled by a team of professional managers and bank officers. Further, the Bank has one of the industry's strongest Board of Directors, composed of professionals with extensive experience in various fields that include banking and finance, accounting, law, and business. For more information, please visit About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS:BDO Unibank, Relations (IR) Team(632) 8840 7000irandcorplan@ Katherine T. Tan Senior Assistant Vice President (63 2) 8840-7000 ext Virtual Investor Conferences John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@
