Best bank: BDO Unibank
BDO Unibank, the Philippines’ largest bank, turned in an exceptional financial performance in 2023, cementing its position as the country’s best bank.
The bank achieved a record net income of $1.3 billion, marking a 29% increase from the previous year, with a return on common equity climbing to 15.2% from 13%.
Net interest income surged by 25% year on year, driven by a strong net interest margin of 4.65%, up from 4.15%
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