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BDO Unibank, Inc., commonly known as Banco de Oro (BDO), [a] 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. 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. [7][8] It is the largest bank in ...
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 ...
The Banco de Oro-Equitable PCI Bank merger (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, the then fifth-largest bank in the Philippines, to merge with Equitable PCI Bank, the third-largest bank. The merger was part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine banking industry. It closed on December 27, 2006 ...
These are the largest banks in the Philippines ranked by total assets as published by Bangko Sentral ng Pilipinas (BSP). [1][2][3]
Fraud. From late November to early December 2021, [1] numerous accountholders of BDO Unibank (Banco de Oro; BDO) lost their money through unauthorized bank transfers. The funds were noted to have been transferred to multiple Unionbank accounts under the name of a certain "Mark Nagoyo". [2][3] Fraud victims lost money ranging from ₱25,000 to ...
In December 2014, the bank was acquired by Banco de Oro. [2] The acquisition was completed in July 2015. [3] To align with the continued expansion of its parent company Banco de Oro (BDO Unibank), it changed its name to BDO Network Bank on August 6, 2019. [4]
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