BANCO DE ORO UNIVERSAL BANK

A BRIEF STUDY

PRESENTED BY

WONDERGIRLS FEAT.
JECA PATRICIO

HISTORY
January 2, 1968
Banco de Oro started off as a thrift bank called Acme Savings
Bank.
November 1976
Sy Group of Companies owned by Henry Sy acquired Acme
and renamed it as Banco de Oro Savings and Mortgage Bank.
Years after
BDO became a commercial bank therefore changing its name
to Banco de Oro Commerical Bank.
September 1996
The banks name has again changed to Banco de Oro
Universal Bank and it is still the current name.

HISTORY
1997
BDO became involved in insurance services and
established a subsidiary
1999
Expanded its insurance services through partnerships with
different insurance firms.
March 2000
BDO partnered up with Generali Pilipinas Life Assurance
Company and Generali Pilipinas Insurance Company.

MERGERS AND ACQUISITION

June 15, 2001
BDO merged with Dao Heng Banks Philippine
Subsidiary
Expansion of the number of BDOs branches from
108 to 120.
August 2003
Acquired the local banking unit of Banco Santander
became a licensed subsidiary of BDO Unibank.

MERGERS AND ACQUISITION

April 2005
United Overseas Bank sold 66 subsidiaries to BDO. The
number of BDO branches rise up to 220.
August 5, 2005
SM investments acquired almost 25% of Equitable PCI
Bank
In the following year (2006)
SM Group of Companies proposed a merger to Equitable
PCI. BDO Unibank stands as the largest bank in terms of asset
in the Philippines.

MERGERS AND ACQUISITION

2009
Bought GE Money Bank
November 14, 2013
BDO announced its plan to acquire 99.99 percent of
Citibank Savings Inc.
February 2014
Announced that the bank has signed an agreement to
acquire the trust business of Deutsche Banks branch in
Manila.

FINANCIAL POSITION

RANK

BANK

ASSETS

2013
In the year 2013,
Banco de Oro (BDO)
tops Banks Philippines
list of Top Banks in
the Philippines based
on Total Assets as of
March of year 2013
despite the decrease in
their Total Assets.

BDO

PREVIOUS
RANK

1,219.635

METROBANK

801.683

BPI

761.511

LANDBANK

737.483

PNB

537.638

DBP

327.682

CHINABANK

317.256

RCBC

313.200

UNION BANK

291.747

10

SECURITY BANK

252.669

10

FINANCIAL POSITION

According to BDOs Condensed Statement of Financial

Position as of March 2013, BDO was able to have total
resources amounting to Php 1,240,432 which is Php 3,976
lower than BDOs total assets of Php 1,244,408 back in
December 2012.
As expected, as the year 2013 closes, BDO has already
exceeded their total assets in the previous year by having a total
of Php 1,672,778 of total resources. This is almost Php 500,000
higher than their December 2012 assets.

FINANCIAL POSITION

Banco de Oro was also named Best Asian Bank by Hong

Kong-based magazine FinanceAsia.
BDOs net income after tax is Php 22,646 and it is comprised of
Php 56,606 interest income and Php 13,340 interest expense.
BDO authorizes the release of annual dividends on preferred
shares at the rate of 6.5% per annum for a total dividend
amounting to Php 340 million.

FINANCIAL POSITION

2014
For 2014, Philpad named
BDO as the top bank of the
Philippines as to assets.
Together with Metrobank and
Bank of the Philippine (BPI),
BDO rounds the top three
banks of the country.

Top 10 Best Bank in the

Philippines as to Assets
1.

BDO

2.

Metrobank

3.

BPI

4.

Landbank

5.

RCBC

6.

DBP

7.

PNB

8.

Chinabank

9.

Unionbank

10. Security Bank

FINANCIAL POSITION
As of March 2014, the Condensed Statements of Financial
Position presented that the total assets of BDO amounts to Php
1,645,360 which is Php 27,418 lower than the December 31,
2013 total assets of the same bank.
Compared to last years first quarter total assets of Php
1,240,432, BDO increases its assets by 33%.
Despite the increase of total assets for the year, the
comprehensive income is lower compared to the income of
BDO during last years first quarter.

FINANCIAL POSITION

The primary reason for the said downfall of income is caused

simply by the low income of the said bank.
Banco de Oro declared a cash dividend of Php 0.30 per
common share for each quarter in 2014 and they also declared
dividends on preferred shares at the rate of 6.5% per annum.

ORGANIZATION UNITS AND FUNCTIONS

BDO Group Corporate Structure Chart

Company Organizational Chart

ORGANIZATION UNITS AND FUNCTIONS

Board of
Directors

President
Departments

ORGANIZATION UNITS AND FUNCTIONS

BOARD
COMMITTEES
AND
MEMBERSHIPS

Executive Committee
The main approving body
of the Company.
Board Audit Committee
Internal and external audit
functions.
Corporate Governance
Committee
Formulate policies and
implement corporate governance
practices.

ORGANIZATION UNITS AND FUNCTIONS

BOARD
COMMITTEES
AND
MEMBERSHIPS

Nominations Committee
Identify and recommend
candidates for appointment as
Directors and for other key
positions.
Risk Management Committee
Develops the Companys
risk policies, appropriate
strategies for prevention and/or
minimization of impact of losses
when problems occur.

ORGANIZATION UNITS AND FUNCTIONS

CORPORATE
OFFICERS AS
OF APRIL 25,
2014

Henry Sy, Sr.

Chairman
Emeritus
Teresita T. Sy
Chairperson
Jesus A. Jacinto, Jr.
Vice Chairman
Nestor V. TaN
President & CEO
Edmundo L. Tan
Corporate
Secretary
Sabino E. Acut, Jr.
Assistant
Corporate
Secretary
Angelita L. Ortega-Cortez Assistant
Corporate
Secretary
& Alternate

ORGANIZATION UNITS AND FUNCTIONS

CORPORATE
OFFICERS AS
OF APRIL 25,
2014

Pedro M. Florescio III

Marilyn K. Go
Treasurer
Estrellita V. Ong

Rebecca S. Torres
Compliance
Officer
Evelyn L. Villanueva
Officer
Elmer B. Serrano
Officer
Ricardo V. Martin

Treasurer
Assistant
Chief Internal
Auditor
Chief

Chief Risk
Corporate
Information

Alternate

BASIC FUNCTIONS/SERVICES
Retail Banking
Savings, transactional accounts, mortgages, personal
loans and debit cards.
Loans
Personal loans, auto loans, housing loans and small
business loans.
Trust funds and Investments
Unit investment trust fund, BDO Peso Money Market
Funds, Easy Investment Plans.

BASIC FUNCTIONS/SERVICES
Credit Cards
Corporate cash management
Collecting, managing and investing a companys
cash.
Remittances
Transfer of money by a foreign worker to another
individual in his or her home country
Insurance
Auto insurance, home insurance, personal accident
insurance, travel insurance and life insurance.

SOURCES
https://www.bdo.com.ph
http://en.wikipedia.org/wiki/BDO_Unibank#The_
new_BDO
http://philpad.com/best-banks-in-the-philippines2013/
http://www.banksphilippines.com/2013/08/topbanks-philippines-assets.html
http://business.inquirer.net/142727/financeasianames-banco-de-oro-best-asian-bank-for-2013

THAT IN ALL THINGS,

GOD MAY BE GLORIFIED!

THANK YOU!