Banco de Oro
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), 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.
| Company type | Public |
|---|---|
Traded as | PSE: BDO |
| Industry | Finance and insurance |
| Founded | Manila, Philippines January 2, 1968 (as Acme Savings) November 1976 (as Banco de Oro) |
| Headquarters | BDO Corporate Center, Ortigas Center, Mandaluyong, Philippines |
Number of locations | 1,434 branches (2016) 4,466 ATMs (2016) |
Area served | Asia North America Europe Middle East |
Key people | Teresita Sy-Coson (Chairperson) Nestor Tan (President and CEO) |
| Services | Financial services |
| Revenue | ₱221.19 billion $4.61 billion (FY 2019) |
Net income | ₱44.19 billion $920.51 million (4.3%) (2019) |
| AUM | ₱1.16 trillion $24.26 billion (12%) (2019) |
| Total assets | ₱3.19 trillion $66.42 billion (12%) (2019) |
| Total equity | ₱368.93 billion $7.68 billion (9%) (2019) |
Number of employees | 38,510 (2019) |
| Parent | SM Investments Corporation |
| Subsidiaries |
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| Website | www |
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. It is the largest bank in the country by market capitalization, and has the largest distribution network with over 1,300 operating branches and more than 4,000 ATMs nationwide.
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.
BDO's main competitors are major Philippine banks like Metrobank and BPI.