Overview
BDO Unibank,
Inc. (BDO or the "Bank"), originally known as Acme Savings Bank,
was acquired by the SM Group in 1976. The SM Group is one of the largest
conglomerates in the Philippines, with
substantial interests in financial
services, real estate development, and tourism and entertainment, founded
around its core business in commercial centers and retailing. BDO listed its
shares on the Philippine Stock Exchange (PSE) on 21 May 2002.
BDO is now
the market leader in most of its core business lines following its merger
with Equitable PCI Bank (EPCI) in May 2007. It has one of the largest branch
networks, with 1,103 operating domestic branches, 1 Hongkong branch and 3,655
ATMs and 328 Cash Accept Machines as of December 2016.
Over the
past several years, the Bank has experienced significant growth. This
resulted from organic growth arising from a wider array of products and
services, as well as through mergers and acquisitions of banks. Sustaining
earlier gains, the Bank is currently the largest bank in the Philippines in
terms of assets, loans, deposits and trust assets as of the end of the fourth
quarter of 2016. BDO's market shares of the commercial banking sector are as
follows:
● Assets - 18%
● Assets Under Management (Trust) - 36%
● Customer Loans - 22% and
● Deposits -
19%
Business
Revenue
contribution in 2016 (in million pesos)
Commercial
|
Investment
|
Private
|
Leasing
|
Insurance
|
Others
|
78,062
|
88
|
1,434
|
1,751
|
691
|
11
|
95.15%
|
0.11%
|
1.75%
|
2.13%
|
0.84%
|
0.01%
|
The Bank
offers a complete array of products and services, i.e. Retail Banking,
Lending (Corporate, Commercial, Consumer, and SME), Treasury, Trust, Credit
Cards, Corporate Cash Management and Remittances. Through its subsidiaries,
the Bank offers Leasing and Financing, Investment Banking, Private Banking,
Bancassurance, Insurance Brokerage and Stock Brokerage services.
The Bank's
foreign operations comprises a banking branch in Hong Kong and various
remittance subsidiaries operating in Asia, Europe and the United States
Subsidiaries /
Associates / Affiliates / Joint Ventures
One Network Bank, Inc. (A Rural Bank)
ONB operates
as a rural bank which has more than 120 branches. Most of which are located
in countryside Mindanao
BDO Private
Bank, Inc. is a wholly-owned commercial bank focused on wealth management
and bespoke private banking services.
BDO
Strategic Holdings, Inc. owns three (3) offshore remittance companies.
BDO
Leasing and Finance, Inc. (BLFI) provides direct leases, sale and leaseback
arrangements and real estate leases.
BDO
Capital & Investment Corporation is a wholly-owned investment house.
BDO
Nomura Securities, Inc. is a investment bank with global reach
BDO Life
Assurance Holdings Corp. and BDO Life Assurance Co., Inc.
Manila
North Tollways Corporation: BDO owns 12.375% of MNTC.
SM Keppel
Land, Inc.: BDO owns 50% stake (Kepel Land Group holds 50%),
It operates Podium mall.
|