Banco de Oro

This article is about Philippine bank. For other uses, see BDO (disambiguation).

BDO Unibank, Inc.
Banco de Oro
Company typePublic
PSE: BDO
IndustryFinance and insurance
PredecessorEquitable PCI Bank
FoundedManila, Philippines
January 2, 1968; 56 years ago (1968-01-02) (as Acme Savings)
November 1976; 48 years ago (1976-11) (as Banco de Oro)
HeadquartersBDO Corporate Center, Ortigas Center, Mandaluyong, Philippines
Number of locations
1,434 branches (2016)
4,466 ATMs (2016)[1]
Area served
Asia
North America
Europe
Middle East
Key people
Teresita Sy-Coson (chairperson)[2]
Nestor Tan (president and CEO)
ServicesFinancial services
Revenue₱221.19 billion $4.61 billion (FY 2019)
₱44.19 billion $920.51 million (Increase4.3%) (2019)[3][1][4]
AUM₱1.16 trillion$24.26 billion (Increase12%) (2019)[1][4]
Total assets₱3.19 trillion $66.42 billion (Increase12%) (2019)[1][4]
Total equity₱368.93 billion $7.68 billion (Increase9%) (2019)[1]
Number of employees
Increase 38,510 (2019)[1]
ParentSM Investments Corporation
Subsidiaries
  • BDO Capital
  • BDO Foundation
  • BDO Insure
  • BDO Leasing
  • BDO Life
  • BDO Network Bank
  • BDO Private Bank
  • BDO Securities
[5]
Websitewww.bdo.com.ph

BDO Unibank, Inc., commonly known as Banco de Oro (BDO),[a] is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.

BDO is the largest bank in the Philippines by total assets, and 15th largest in Southeast Asia by total assets, as of March 31, 2016.[7][8] It is the largest bank in the country by market capitalization,[4] and has the largest distribution network with over 1,300 operating branches and more than 4,000 ATMs nationwide.[citation needed][when?]

BDO is a full-service universal bank. It provides products and services to the retail and corporate markets, including lending (corporate, middle market, SME, and consumer), deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management and remittances. Through its subsidiaries, the bank offers leasing and financing, investment banking, private banking, bancassurance, insurance brokerage and stockbrokerage services.[9]

BDO's main competitors are major Philippine banks like Metrobank and BPI.

  1. ^ a b c d e f BDO (2020). 2019 Annual Report (PDF) (Report).
  2. ^ "[BDO Unibank, Inc.] Directors and Management". PSE Edge. Retrieved February 16, 2022.
  3. ^ "BDO Says 2016 Net Income a Record P26.1B". GMA News Online. February 24, 2017. Retrieved February 16, 2022.
  4. ^ a b c d "[BDO Unibank on the Forbes World's Best Employers List]". Forbes. Retrieved January 23, 2019.
  5. ^ "Subsidiaries". BDO. Retrieved February 16, 2022.
  6. ^ "金融銀行預計今年貸款增長8%至19%". 菲律賓商報 (Chinese Commercial News). April 20, 2023. Retrieved May 3, 2023.
  7. ^ Agcaoili, Lawrence (July 26, 2016). "BDO Still Biggest Bank; Landbank Overtakes BPI". Philstar Global. Retrieved February 16, 2022.
  8. ^ "The World's Largest Public Companies". Forbes. Retrieved January 23, 2019.
  9. ^ BDO (September 2016). Investor Presentation (PDF) (Slide deck).


Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page).