BDO Unibank Inc. recorded a 19 percent increase in net income to P10.4 billion in the first quarter despite the challenging business environment due to the pandemic.

BDO’s net interest income slipped by three percent to P32 billion in the first quarter  from P33 billion in the same quarter last year, while net interest income jumped  by 21 percent to P15.4 billion from P12.7 billion.

Source: Philstar