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BPI Escolta Sta. Cruz branch at Plaza Santa Cruz, Manila which occupies the Don Roman Santos Building, former head office of Prudential Bank. The Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas; Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is a universal bank in the Philippines.
BDO Unibank was established on January 2, 1968 as Acme Savings Bank, a thrift bank with just two branches in the area before Metro Manila was formed. In November 1976, Acme was acquired by the SM Group, the group of companies owned by retail magnate Henry Sy, and renamed Banco de Oro Savings and Mortgage Bank.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO Unibank, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09
It was known for a wide range of services from savings to insurance and, through its wholly owned subsidiary Equitable Card Network, was the largest Philippine credit card issuer. The bank merged with Banco de Oro Universal Bank in early 2007, and is now branded as BDO as its new identity as part of the new Banco de Oro Unibank, Inc.
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
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.
If approved by two-thirds of Equitable PCI shareholders, this "merger of equals" would create the second-largest bank in the Philippines, putting Banco de Oro, the survivor of the merger, just below Metrobank but dislodging Bank of the Philippine Islands (BPI) from the spot. Equitable PCI was given a deadline of January 31 to consider the deal.
700+ Banco de Oro (BDO) accountholders: Participants: Involved financial institutions. Banco de Oro (BDO) Unionbank; GCash; Bank of the Philippine Islands (BPI) Potentially other banks and non-bank financial institutions; Suspects: 2–4 alleged hackers; the pseudonym "Mark Nagoyo" was used.