The Philippine banking giant’s core interest earnings increased in the first half of 2026. Much of that additional value, however, flowed to employees, service providers and the government rather than landing on the bottom line. At first glance, BDO Unibank’s first-half results appeared uneventful. The country’s largest bank reported ₱40.85 billion in net profit for the six months ended June 30, barely changed from ₱40.76 billion a year earlier. Earnings attributable to shareholders of the parent bank increased just 0.3 percent, while basic earnings per share edged up by one cent, to ₱7.56. But beneath that nearly static bottom line, a more dynamic redistribution of economic value was taking place. BDO’s net interest income—the difference between what it earned from loans and investments and what it paid to depositors and other creditors—rose 10.6 percent, to ₱108.51 billion. Even after the bank set aside substantially more money for possible credit losses, net interest inc...
The Philippine developer raised its regular payout but omitted last year’s special dividend, reducing the total cash return to shareholders as debt and financing costs climb. Century Properties Group is returning more of its annual profit to shareholders through its regular dividend this year. But investors will receive less cash overall. The property developer declared a regular dividend of ₱0.047837 a share on July 17, an increase of nearly 14 percent from last year’s regular payment. Missing from the announcement, however, was the special dividend that supplemented the company’s payout in 2025. Unless the board declares one later this year, the omission will reduce the company’s total common dividend by about 9 percent , even as Century Properties presents the new distribution as evidence of financial resilience. Last year, Century Properties paid a regular dividend of ₱0.042114 a share and a special dividend of ₱0.010529 , for a combined distribution of ₱0.052643 a share . T...