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BDO profits back to pre-pandemic levels
Profits of BDO Unibank returned to pre-pandemic levels, as the bank significantly lowered its provisions for loan losses.
From January to September, BDO’s net income stood at P32.4 billion, 95% higher than the P16.6 billion it earned during the same period a year ago and around the same level in 2019.
BPI’s 9-month income reaches P17.5 billion
Ayala-led Bank of the Philippine Islands (BPI) reported a net income of P17.5 billion for the first nine months of 2021, 1.8% higher than in the same period in 2020.
BPI’s bottom line improved as it allotted less for probable loan losses. Booked provisions went down by 50% to P10.3 billion.
Medilines’ P2-billion IPO gets PSE nod
The Philippine Stock Exchange (PSE) approved the P2-billion initial public offering (IPO) of medical equipment distributor Medilines Distributors.
Medilines is offering 850 million primary and secondary shares at a maximum price of P2.45. The final price has yet to be determined.
Get the details here.
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