BDO Unibank, Inc. Provides Earnings Guidance for the Full Year of 2017
April 20, 2017 at 08:03 am EDT
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BDO Unibank, Inc. provided earnings guidance for the full year of 2017. The company is eyeing a 10% growth in net profit in 2017 to PHP 28.810 billion, from the 2016 projection of PHP 26.129 billion, amid the robust domestic economy that would sustain the expansion of its core businesses. The company expects net interest income to grow 16% to PHP 76.556 billion, from the projected PHP 65.780 billion in 2016.
BDO Unibank, Inc. is a Philippines-based universal bank. The Company's segments include Commercial banking, Investment banking, Private banking, Leasing and financing, Insurance, and Others. The Commercial banking segment includes lending (corporate and consumer), trade financing and cash management services for corporate and retail customers. The Investment banking segment provides services to corporate clients outside the traditional loan and deposit products. The Private banking segment provides traditional and non-traditional investment and structured products to high-net-worth individuals and institutional accounts. The Leasing and financing segment provides direct leases, sale and leaseback arrangements and real estate leases. The Insurance segment is engaged in insurance brokerage and the life insurance business by providing protection, education, savings, retirement and estate planning solutions to individual and corporate clients through life insurance products and services.