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The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
BDO Network Bank (BDO NB), formerly known as One Network Bank (ONB), is a rural bank in the Philippines.Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 ...
The company was launched in December 2000 as Smart Money powered by Smart e-Money, Inc., in cooperation with 1st e-Bank (formerly PDCP Bank; now BDO Unibank) and Mastercard. It was claimed that it was the world’s first card linked to a wireless phone and was marketed by Smart Communications as one of the biggest innovations in finance. [4]
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
Over the next few years Equitable PCI Bank branches became Banco de Oro branches. As a consequence of the merger, the bank has since rebranded itself as BDO (still standing for Banco de Oro),. [24] The legal name of the bank remained Banco de Oro-EPCI, Inc. until February 2008, when it was finally named Banco de Oro Unibank, Inc.
On January 6, 2006, Banco de Oro Universal Bank submitted a merger offer to the bank, with Banco de Oro as the surviving entity. Under the proposed offer, Banco de Oro would swap 1.6 of its shares for every 1 share of Equitable-PCI (The merger occurred, but BDO Shareholders were to swap 1.8 BDO shares for every EPCI share).
The building will be occupied by the banking firm Banco de Oro (BDO), the namesake of the building. The BDO Corporate Center was not meant to become the new headquarters of Banco de Oro. The bank's management & many major offices still remained in Makati (former Equitable-PCI Headquarters) until their demolition starting 2022. [7]
BDO Italia SpA is an audit firm in Italy and it is the Italian member firm of BDO International. In 2024 BDO had 14 offices across Italy, with 1,200 professionals and over 80 partners. The firm offers auditing, ESG consultancy, M&A advisor, tax and law services to organisations in the private and public sectors and is the 5th largest audit firm ...