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Mang Inasal Creators' Circle wins in 2023 Dragons of Asia

Mang Inasal , the Philippines' Grill Expert, was named Black Dragon winner in the 2023 Dragons of Asia for its Mang Inasal Creators’ Circle (MICC).   MICC, a first-of-its-kind, brand-managed influencer community composed of nanoinfluencers to megainfluencers from different parts of the country, was among the award recipients under the Best Brand Building/Awareness Campaign category.   “MICC is one of the biggest post-pandemic milestones for Mang Inasal as we bring the brand closer to the communities we serve,” said Mang Inasal President Mike V. Castro. "We thank all MICC members for their contribution in bringing all the great Mang Inasal updates to their followers. This Black Dragon win is a validation of the effectiveness of their efforts."   Created in March 2022, MICC is comprised of digital content creators across the Philippines. Among the members of MICC are top mommy influencers like by  Mommy Diaries PH  and  Mommy Hieds  as well as known TikTokerists, including 
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BDO reports 9M 2023 net income of ₱53.9 billion


  • Core businesses drive sustained earnings, with Return on Common Equity at 15.1%

  • Asset quality stable, with NPL coverage higher at 176% 

  • Capital continues to strengthen with 13% increase in Book Value 

  • Expansion in underserved / underpenetrated markets and investments in technology continue


BDO Unibank, Inc. (BDO) reported a net income of ₱
53.9 billion for the 9M 2023 vs. P40.0 billion in 9M 2022, backed by broad-based growth across its core businesses. This resulted in a Return on Common Equity (ROCE) of 15.1% compared to 12.4% in the same period last year. 


Net Interest Income increased to ₱137.4 billion with Customer Loans growing 7.5% year-on-year to ₱2.7 trillion and Deposits expanding 12% to ₱3.4 trillion. 


Non-Interest Income settled at ₱57.9 billion, supported by various fee-based and treasury/FX businesses. 


Pre-Provision Operating Profit amounted to ₱80.6 billion, with revenue growth continuing to outpace cost growth. 


Non-Performing Loan (NPL) ratio remained stable at 1.99% despite the higher interest rate environment, while NPL coverage improved to 176%. The Bank continues to set aside provisions in line with its conservative credit and provisioning policies.

 

Common Equity increased to ₱494.3 billion given continued profitable operations. Book Value Per Share (BVPS) increased 13% to ₱93.83. Capital Adequacy Ratio and Common Equity Tier 1 (CET1) Ratio strengthened to 15.6% and 14.5%, respectively, with ample capital buffers vs. regulatory minimum levels. 


While macroeconomic challenges persist, the Bank remains cautiously optimistic and is well-positioned to capitalize on opportunities given its strong balance sheet and diversified business franchise.

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