BDO surpassed its profit guidance of P38.5 billion last year by P5.7 billion. Non-interest earnings surged by 21.9 percent to P60.6 billion from P49.7 billion as fee-based income increased by 15 percent to P35.3 billion from P30.7 billion. On the other hand, BDO said insurance premiums amounted to P14.8 billion, while trading and foreign exchange gains settled at P5.7 billion. Overall, gross operating income increased by 22 percent to P180.5 billion in 2019 from P148 billion in 2018. The bank’s total capital base grew by 12.9 percent to P370.6 billion from P328.1 billion.

Source: Philippine Star February 27, 2020 16:07 UTC