BDO Unibank

    BDO Unibank, Inc. history, profile and corporate video

       BDO Unibank, Inc., also known as Banco de Oro (BDO), is a full-service universal bank headquartered in Mandaluyong, Philippines.

       BDO provides its products and services to the retail and corporate markets including lending (corporate, middle market, SME, and consumer), deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management and remittances.

       Through its subsidiaries, BDO offers leasing and financing, investment banking, private banking, bancassurance, insurance brokerage, and stock brokerage services.

       BDO is a member of the SM Group, one of the country’s largest conglomerates with businesses spanning between retail, mall operations, property development (residential, commercial, resorts/hotel), and financial services.


       BDO was established in 1968 as Acme Savings Bank in Manila, Philippines.

       In 1976, Acme was acquired by the SM Group and renamed Banco de Oro Savings and Mortgage Bank.

       In 1994, BDO became a commercial bank and was renamed Banco de Oro Commercial Bank.

       In 1996, BDO became a universal bank and was renamed Banco de Oro Universal Bank.

       In 1997, BDO entered the insurance services by establishing BDO Insurance Brokers.

       In 1999, BDO began partnerships with Zamora Assurance, Assicurazioni Generali s.p.a. (Generali) and Jerneh Asia Berhad to expand its insurance services.

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       In 2001, BDO merged with Dao Heng Bank’s Philippine subsidiary.

       In 2002, BDO acquired the operations and 57 branches of 1st e-Bank (formerly PDCP Bank) from Metro Pacific Corporation (now Metro Pacific Investments Corporation).

       In 2003, BDO acquired the local banking unit of Santander with its commercial, trust and derivatives licenses to become BDO Private Bank, a subsidiary of BDO Unibank.

       In 2005, BDO acquired 66 Philippine subsidiary’s branches of United Overseas Bank.

       In August 2005, BDO Unibank and SM Investments, a subsidiary of SM Group, bought 24.76% of the shares of Equitable PCI Bank.

       In 2006, Banco de Oro Universal Bank merged with Equitable PCI Bank. The newly entity was known as Banco de Oro-EPCI, Inc., but the name was changed to Banco de Oro Unibank, Inc. in 2007.

       In 2009, BDO acquired the Philippine operations of GE Money Bank.

       In 2010, Banco de Oro Unibank changed its name to BDO Unibank, Inc.

       In 2013, BDO announced its plan to acquire 99.99 percent of Citibank Savings Inc.

       In 2014, BDO acquired the trust business of Deutsche Bank’s branch in Manila. That year, it also acquired The Real Bank Inc. and One Network Bank, the country’s largest rural bank.

       In 2019, One Network Bank was renamed BDO Network Bank.


    • BDO Capital
    • BDO Foundation
    • BDO Insure
    • BDO Finance
    • BDO Life
    • BDO Network Bank
    • BDO Private Bank
    • BDO Securities

       With more than 38,000 employees and over 740 operating branches, BDO Unibank, Inc. is considered one of the largest banks in the Philippines. According to Forbes, it is considered one of the Largest Public Companies in the World.

    *Information from,, and

    **Video published on YouTube by “BDO Unibank“.



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