MANILA -BDO Unibank Inc., the country's biggest lender, closed the first quarter of 2023 with a 41-percent profit surge to P16.5 billion as total loans rose to P2.6 trillion. 'While macroeconomic challenges persist with still elevated inflation and interest rates, the bank believes it is in a good position to weather short-term volatility and capitalize on long-term growth opportunities given its sound balance sheet, established business franchise and strong and diversified earnings streams,' BDO said in a stock exchange filing on Tuesday.

https://business.inquirer.net/396469/bdo-q1-profit-up-41-to-p16-5b

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