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BDO Unibank

#1289

Rank

$14.51B

Marketcap

PH Philippines

Country

BDO Unibank
Leadership team

Mr. Nestor V. Tan (Pres, CEO & Exec. Director)

Ms. Josefina N. Tan (Non-Exec. Director)

Attorney Elmer B. Serrano (Corp. Information Officer)

Products/ Services
Banking, Finance, Financial Services
Headquarters
Makati, Manila, Philippines
Established
1967
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
BDOUY
Social Media
Overview
Location
Summary
BDO Unibank, Inc., together with its subsidiaries, provides various banking products and services primarily in the Philippines. Its deposit products include savings, checking, and time deposit accounts; and loan portfolio comprises personal, auto, home, small and medium-enterprise, project finance, term, and working capital loans. The company also offers life, auto, home, personal accident, travel, and employee benefits insurance products; remittance services; trade facilities, such as trade settlements, trust receipts, export bill purchases, and letters of credit; and trust and investment services consisting of unit investment trust funds, portfolio management, escrow services, security/collateral/ bond trusteeship, facility/paying agency, and investment advisory services. In addition, it provides investment banking services, such as equity and fixed income underwriting, financial advisory, direct equity investment, securitization, and retail treasury bonds services. Further, the company offers leasing and financing solutions, including direct leases, sale and leaseback arrangements, car, equipment, vehicle leasing, and cash management services; treasury services; debit and credit cards; and mini pos, online, mobile, and phone banking services. As of December 31, 2021, it operated 1,193 branches, including 2 foreign branches; 4,152 automated teller machines (ATMs); 624 cash accept machines; and 9 self-service teller machines. BDO Unibank, Inc. was incorporated in 1967 and is headquartered in Makati City, the Philippines.
History

Early history

BDO Unibank was established on January 2, 1968, as Acme Savings Bank, a thrift bank with just two branches in the area before Metro Manila was formed. In November 1976, Acme was acquired by the SM Group, the group of companies owned by retail magnate Henry Sy, and renamed Banco de Oro Savings and Mortgage Bank.

In December 1994, BDO became a commercial bank and was renamed Banco de Oro Commercial Bank. In September 1996, BDO became a universal bank, which led to the bank's name being changed to the current Banco de Oro Universal Bank .

BDO Unibank eventually became involved in insurance services in 1997 by establishing a subsidiary called BDO Insurance Brokers. In 1999, BDO Unibank expanded its insurance services through partnerships with Zamora Assurance and Assicurazoni Generali s.p.a. , one of the world's largest insurance firms, and Jerneh Asia Berhad, a member of Malaysia's Kuok Group. Later, BDO Unibank partnered up with its insurance affiliates, which are Generali Pilipinas Life Assurance Company and Generali Pilipinas Insurance Company, in March 2000.

Merger with Equitable PCI Bank

The new BDO Unibank retained the ticker symbol of the old Banco de Oro. 1.3 billion BDO shares was issued in exchange for 727 million Equitable PCI Bank shares, which was de-listed on June 4, 2007.

The current bank is the product of the Banco de Oro–Equitable PCI Bank merger after the boards of both Banco de Oro Universal Bank and Equitable PCI Bank agreed to merge on December 27, 2006. For a while, the entity was known as Banco de Oro-EPCI, Inc., but announced that it would go by the name Banco de Oro Unibank, Inc. starting February 2007. Finally in 2010 Banco de Oro changed its name to BDO Unibank, Inc. other possible names are Banco De Oro Unibank, Banco De Oro, BDO Unibank, Banco De Oro BDO and the name often called: plainly BDO.

As of 2020, BDO has the largest distribution network with over 1,400 operating branches and more than 4,400 ATMs nationwide. It is also currently the country's largest bank in terms of consolidated resources, customer loans, deposits, assets under management and capital, as well as branch and ATM network nationwide.BDO Unibank, Inc's main competitors are major Philippine banks like Metrobank and BPI.

Mission
To be the partner of choice of our clients, providing them with world-class financial products and services in pursuit of their aspirations.
Vision
To be the Philippines' most admired and trusted bank, where clients are empowered to achieve their dreams.
Key Team

Mr. Luis Santos Reyes Jr. (Exec. VP and Head of Investor Relations & Corp. Planning)

Attorney Federico Primavera Tancongco (Sr. VP, Chief Compliance Officer & Head of Compliance and Legal Department)

Ms. Evelyn Chua Salagubang (Group Head for HR (HR) & Sr. VP)

Mr. Jaime Co Yu (Sr. EVP & Head of Branch Banking Group)

Ms. Evelyn Llarena Villanueva (Exec. VP, Chief Risk Officer & Head of Risk Management Group)

Mr. Rolando Cordero Tanchanco (Sr. Exec. VP for Consumer Banking Group)

Mr. Ramon Tremucha Militar (Sr. VP)

Recognition and Awards
Throughout its history, BDO Unibank has won numerous awards and accolades from both domestic and international sources, recognizing its innovation and excellence in various areas such as corporate governance, digital banking, customer service, and sustainability.
References
BDO Unibank
Leadership team

Mr. Nestor V. Tan (Pres, CEO & Exec. Director)

Ms. Josefina N. Tan (Non-Exec. Director)

Attorney Elmer B. Serrano (Corp. Information Officer)

Products/ Services
Banking, Finance, Financial Services
Headquarters
Makati, Manila, Philippines
Established
1967
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
BDOUY
Social Media