BDO History

BDO History

If you ask any Philippine citizen about bank he uses and trust, with the great probability his answer will be “Banco de Oro”. Nowadays bancodeoro is consider to be one of the most reliable and leading banking companies in Philippines. In this article we will tell you about its history and main necessary information that any bank client should know. Let’s start from the

History of Banco de Oro

Today bdo head office is located in Makati, Philippines and the bank is considered as the largest and the most popular bank in Philippines. On the official site of BDO it is said that nowadays this bank has more than one thousand branches all over the world (1104 bdo branches) and more than three and a half thousands of ATMs (3655 ATMs). The offices of this bank can be found in the Middle East and in Asia as well as in Europe and North America. Let’s see main stages of BDO’s developing.
Banco de Oro (or today it is also called BDO Unibank, Inc., which is its legal name) was created in 1968 with the name Acme Savings Bank. At that time, it had only two branches. Then in 1976 the magnate Henry Sy together with his group of Sy Group companies acquired this bank and gave it a name of “Banco de Oro Savings and Mortgage Bank”. In 1994 bank became commercial and in two years its name was changed to a “Banco de Oro Universal bank” or as we used to call it nowadays- “BDO Unibank”.

Ownership of Banco de Oro

The ownership of Banco de Oro can be divided into two part, or rather two stages:

  1. First stage- before merger of equals with the Equitable PCI bank
  2. Second stage- aftexr BDO’s merging with the Equitable PCI bank.

During the first stage the bank’s shares were separated between main bdo owners this way:

  • Main shares (40.09%) among which 35.64% were foreign and 4.45% were Filipino belonged to the PCD Nominee Corporation.
  • Other shares (27.41%, 22.08%) belonged to the SM Investments Corporation and Primebridge Holdings respectively.

After the merging situation has changed and bank’s ownership separated its shares following way:

  • Main shares (40.87%) belong to the SM Investments Corporation.
  • Other shares (8.81%, 5.14%, 2.10%) belong to the Multi-Realty Development Corporation, Sybase Equity Investments Corporation and Shoemart respectively.

Main branches and ATMs of Banco de Oro

As we mentioned above there are more than one thousand branches and three and a half thousand ATMs. For the most comfortable searching of the nearest bdo atm or branch we recommend you to use the ATMs/Branches locator on the official site of Banco de Oro. You should only choose whether you need ATM or branch and specify your location by selecting your location and area. Also you can find the bank’s branch by entering its name (also by using this locator).

When can I visit BDO’s branch?

Taking into account the large number of branches in Philippines and not only, it may be concluded that each branch has its own bdo banking hours but in general all branches are opened from 8.00am till 5.00pm. In some branches this time may differ a bit and they can be opened from 8.30am till 5.30pm. To be sure and not to wait near the bank until it opens it is recommended to check the bdo office hours of the necessary branch by using locator on the official website of banco de Oro.

BDO History
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