Preemptive positions dragged listed BDO Unibank Inc.’s net income to P28.2 billion last year.
In a disclosure on Wednesday, the Sy-led lender said the figure was a 26.19-percent decrease from P44.2 billion in 2019 “due mainly to preemptive provisions of P30.2 billion set aside against potential delinquencies from the [coronavirus] pandemic.”
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