BDO Unibank, Inc.
With assets worth over PHP3.1 trillion and more than 1,700 branches nationwide, BDO Unibank, Inc. (BDO) is the largest bank in the Philippines in terms of resources, capital, customer loans, deposits and assets under management. It is a full-service universal bank, providing industry-leading products and services such as Lending (corporate and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management and Remittances in the Philippines. Through its local subsidiaries, the Bank offers Investment Banking, Private Banking, Leasing and Finance, Rural Banking, Life Insurance, Insurance Brokerage and Stock Brokerage services.
Complementing SM’s strong retail orientation, BDO has developed a deeper understanding of the Philippine business and consumer landscape, allowing it to offer flexible financial solutions with the “We Find Ways” philosophy. BDO’s banking innovations such as longer banking hours and weekend operating schedules in mall-based branches, demonstrate the Bank’s service culture and customer-centric orientation.
Growing both organically and through acquisitions, BDO’s expansion peaked in 2007, when SM acquired a stake in Equitable PCI Bank, then the third largest bank in the country and merged it with BDO which was then the fifth largest. The merger catapulted BDO into its leadership position the following year, which it continues to hold until today. Its recent acquisition of One Network Bank, the largest rural bank in Mindanao expands its regional presence and opens up business lines for the bank.
To complement its extensive domestic distribution network, BDO also has over 20 international offices to service its growing clientele’s overseas needs as well as tap new markets. This consists of a full-service branch in Hong Kong and Singapore. As of 31 December 2022, BDO has the largest distribution network with more than 4,700 ATMs nationwide and over 1,600 operating branches and offices including 22 overseas remittance and representative offices across Asia, North America, Europe and the Middle East.