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BDO Unibank sees 10% rise in net income in 2017

BDO Unibank Inc. expects its net income to rise 10% in 2017 to 28.81 billion Philippine pesos, The Philippine Star reported Dec. 27, 2016, citing a prospectus.

The bank expects its net interest income to rise by 16% to 76.55 billion pesos in 2017 from 65.78 billion pesos in 2016 and its operating income to increase 4.5% year over year to 42.78 billion pesos from 40.93 billion pesos.

As of Dec. 26, US$1 was equivalent to 49.73 Philippine pesos.