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    Banco de Oro Universal Bank: A Brief Study

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    Lileth Viduya
    Banco de Oro (BDO) was established in 1968 and has since grown to become one of the largest banks in the Philippines through mergers and acquisitions. It provides retail banking services like savings accounts, loans, credit cards, and remittances. BDO has consistently ranked among the top banks in the Philippines in terms of total assets, having over $25 billion in assets as of 2013. The document outlines the history, organizational structure, financial performance and services of BDO.

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    Banco de Oro Universal Bank: A Brief Study

    Uploaded by

    Lileth Viduya
    291 views22 pages
    Banco de Oro (BDO) was established in 1968 and has since grown to become one of the largest banks in the Philippines through mergers and acquisitions. It provides retail banking services like savings accounts, loans, credit cards, and remittances. BDO has consistently ranked among the top banks in the Philippines in terms of total assets, having over $25 billion in assets as of 2013. The document outlines the history, organizational structure, financial performance and services of BDO.

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    252313714-BDO.pptx

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    Banco de Oro (BDO) was established in 1968 and has since grown to become one of the largest banks in the Philippines through mergers and acquisitions. It provides retail banking services like savings accounts, loans, credit cards, and remittances. BDO has consistently ranked among the top banks in the Philippines in terms of total assets, having over $25 billion in assets as of 2013. The document outlines the history, organizational structure, financial performance and services of BDO.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    291 views22 pages

    Banco de Oro Universal Bank: A Brief Study

    Uploaded by

    Lileth Viduya
    Banco de Oro (BDO) was established in 1968 and has since grown to become one of the largest banks in the Philippines through mergers and acquisitions. It provides retail banking services like savings accounts, loans, credit cards, and remittances. BDO has consistently ranked among the top banks in the Philippines in terms of total assets, having over $25 billion in assets as of 2013. The document outlines the history, organizational structure, financial performance and services of BDO.

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    You are on page 1of 22

    BANCO DE ORO

    UNIVERSAL BANK
    A BRIEF STUDY

    PRESENTED
    BY
    WONDERGIRL
    S 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 bank’s 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 Bank’s Philippine
    Subsidiary
    Expansion of the number of BDO’s 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 Bank’s branch in Manila.
    FINANCIAL POSITION

    RANK BANK ASSETS PREVIOUS


    RANK
    2013
    1 BDO 1,219.635 1
    2 METROBANK 801.683 2
    3 BPI 761.511 3
     In the year 2013, 4 LANDBANK 737.483 4
    Banco de Oro 5 PNB 537.638 6
    (BDO) tops Banks 6 DBP 327.682 5
    Philippines list of 7 CHINABANK 317.256 7

    Top Banks in the 8 RCBC 313.200 8


    9 UNION BANK 291.747 9
    Philippines based
    on Total Assets as 10 SECURITY BANK 252.669 10
    of March of year
    2013 despite the
    decrease in their
    Total Assets.
    FINANCIAL POSITION

    • According to BDO’s 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 BDO’s
    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.
    • BDO’s 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

    Top 10 Best Bank in the


    Philippines as to Assets

    2014 1. BDO
    2. Metrobank
    3. BPI
    4. Landbank
     For 2014, Philpad 5. RCBC
    named BDO as the top 6. DBP
    bank of the Philippines 7. PNB
    as to assets. Together 8. Chinabank
    with Metrobank and 9. Unionbank
    Bank of the Philippine 10. Security Bank
    (BPI), BDO rounds the
    top three banks of the
    country.
    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 year’s 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 year’s 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

    Department
    s
    ORGANIZATION UNITS AND
    FUNCTIONS
     Executive Committee
    BOARD The main approving
    body of the Company.
    COMMITTE
     Board Audit
    ES AND Committee
    MEMBERSH Internal and external
    IPS audit functions.
     Corporate Governance
    Committee
    Formulate policies and
    implement corporate
    governance practices.
    ORGANIZATION UNITS AND
    FUNCTIONS

     Nominations Committee
    BOARD Identify and recommend
    candidates for appointment as
    COMMITTE Directors and for other key
    ES AND positions.
    MEMBERSH  Risk Management
    Committee
    IPS Develops the Company’s
    risk policies, appropriate
    strategies for prevention
    and/or minimization of impact
    of losses when problems occur.
    ORGANIZATION UNITS AND
    FUNCTIONS
    CORPOR • Henry Sy, Sr. Chairman
    Emeritus
    ATE
    • Teresita T. Sy  Chairperson
    OFFICER • Jesus A. Jacinto, Jr. Vice
    S AS OF Chairman
    APRIL • Nestor V. TaN President &
    25, 2014 CEO
    • Edmundo L. Tan Corporate
    Secretary
    • Sabino E. Acut, Jr. Assistant
    Corporate
    Secretary
    • Angelita L. Ortega-Cortez
    Assistant
    ORGANIZATION UNITS AND
    FUNCTIONS
    CORPOR • Pedro M. Florescio III Treasurer
    ATE • Marilyn K. Go Assistant
    Treasurer
    OFFICER • Estrellita V. Ong Chief Internal
    S AS OF Auditor
    APRIL • Rebecca S. Torres Chief
    25, 2014 Compliance
    Officer
    • Evelyn L. Villanueva Chief Risk
    Officer
    • Elmer B. Serrano Corporate
    Information
    Officer
    • Ricardo V. Martin 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
    company’s 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_BD
    O
    • http://philpad.com/best-banks-in-the-philippines-
    2013/
    • http://www.banksphilippines.com/2013/08/top-b
    anks-philippines-assets.html

    • http://business.inquirer.net/142727/financeasia-n
    ames-banco-de-oro-best-asian-bank-for-2013
    THAT IN ALL THINGS,
    GOD MAY BE
    GLORIFIED!

    THANK YOU!

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