BDO's total resources reach $23B in 2010
Banco De Oro's consolidated resources has breached the US$ 22.8 billion mark at the end of 2010. The figure is a 16-percent increase from the previous year's level of US$19.69 billion.
The growth was driven by the steady performance of the Bank's various businesses. As such, BDO is also on track to attain its net income goal of US$185 million for the full year of 2010. The Bank has been aggressive in pursuing diverse opportunities to expand its product offerings and services, thus resulting to stable margins. It aims to continuously do well by leveraging on its operating scale and maintaining good growth in its core businesses.
As of end September 2010, BDO posted a net income of US$146 million, up 58 percent over the same period in 2009, on the back of sustained growth in business volumes amid a tempered hike in operating expenses.
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Tags: total resources
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