Bdo Unibank

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  • Topic: Banco de Oro, Banco de Oro-Equitable PCI Bank merger, Banco de Oro Universal Bank
  • Pages : 7 (2120 words )
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  • Published : February 8, 2013
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BDO Unibank, Inc. (PSE: BDO), commonly known as Banco de Oro and BDO, is the largest bank in the Philippines. It belongs to the SM Group of Companies, one of the country's largest conglomerates owned by tycoon Henry Sy. Following the Banco de Oro-Equitable PCI Bank merger, the bank has since become Banco de Oro Unibank, Inc. -------------------------------------------------

Corporate Profile
Banco de Oro 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 Stock Brokerage services. Banco de Oro is a member of the SM Group, one of the country’s largest conglomerates with businesses spanning between retail, mall operations, property development (residential, commercial, resorts/hotel), and financial services. Although part of a family conglomerate, BDO’s day-today operations are handled by a team of managers and bank officers.[1] -------------------------------------------------

[edit]The new BDO
The new Banco de Oro (BDO) will retain the ticker symbol of the old Banco de Oro. 1.3 billion BDO shares will be issued in exchange for 727 million Equitable PCI Bank shares, which was de-listed on June 4, 2007.). Banco de Oro is now the largest bank in the Philippines in terms of assets, loans and deposits. The 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. -------------------------------------------------

[edit]Competition
BDO's main competitors are major Philippine banks like Metrobank and BPI. -------------------------------------------------
[edit]Ownership
[edit]before "merger of equals" with Equitable PCI Bank
* PCD Nominee Corporation: 40.09% (35.64% foreign, 4.45% Filipino) * SM Investments Corporation: 27.41%
* Primebridge Holdings: 22.08%
* SM Development Corporation: 4.04%
* Shoemart: 3.57%
* Public stock: 2.45%

The old logo of Equitable PCI Bank
[edit]ownership after merging with Equitable PCI Bank
* PCD Nominee Corporation: 51.58% (35.79% foreign, 15.79% Filipino) * SM Investments Corporation: 33.10%
* Shoemart: 3.90%
* SM Development Corporation: 2.99%
* United Overseas Bank: 2.33%
* Primebridge Holdings: 2.09%
* Others (includes public stock): 4.01%
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[edit]Subsidiaries and Affiliates
BDO is divided into the following subsidiaries and affiliates: [edit]Philippine Based Subsidiaries
* BDO Capital & Investment Corporation
* BDO Leasing and Finance Inc.
* BDO Insurance Brokers
* BDO Card Corporation
* BDO Realty Corporation
* BDO Private Bank
* BDO Securities Corporation
* BDO Strategic Holdings(formerly EBC Investments and 6 other companies) * BDO Technology Center(Equitable Data Center and PCI Automation Center) * Equimark-NFC Development Corporation
* Equitable Card Network
* PCIBank Securities Inc.
[edit]Foreign Based Affiliates
[edit]Affiliates
* Generali Pilipinas Holding Company
* North Pine Land Inc.
* SM Keppel Land Inc.
* Taal Land Inc.
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[edit]History
[edit]Beginnings

The first logo of Banco de Oro

The second logo of Banco de Oro
Banco de Oro had its humble beginnings on January 2, 1968, when it started off as a thrift bank called Acme Savings Bank. With two branches in Metro Manila, Acme was one of the smallest banks...
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