BDO Unibank Stock

BDO Unibank, Inc. engages in the banking business.

The company offers a range of commercial, investment, private, insurance and other banking services. These services include traditional loan and deposit products, as well as treasury, asset management, realty management, leasing and finance, remittance, trade services, retail cash cards, life insurance and insurance brokerage, credit card services, stock brokerage, trust and others.

The company operates on-site and off-site automated teller, and cash accept machines.

It operates mainly in Philippines with a banking branch in Hong Kong, a real estate and holding company in Europe, and various remittance subsidiaries operating in Asia, Europe, Canada and the United States.

Principal Products and Services

Deposits

The company offers an array of Peso, Dollar, and Third Currency deposit products and services catering to a client base. These products cut across all age groups and customer profiles (such as kids, young professionals, entrepreneurs, OFWs and their beneficiaries and retirees).

Remittance

The company’s strength in providing primary remittance services lies in its international reach spanning Asia, Europe, North America, and the Middle East. On the distribution side, a domestic coverage consisting of the company’s branch network and remittance partners that include, among others, ShoeMart (SM), thrift banks, pawnshops, as well as other financial service partners, complements the bank's international presence.

The company also has tie-ups with SM and its partner establishments, as well as food outlets (like Jollibee and Max's) that provide clients with unique value-added services, such as gift and food remittance delivery.

Trust Services

The company has created and grown its trust services and investment product offerings to provide solutions for every kind of client or investor need under a trust or an agency agreement. In the Unit Investment Trust Fund business, the company also has a lion's share of 40%, a testament to its investment expertise.

Treasury

The company provides treasury products and services to clients ranging from retail, middle market and large corporates, both onshore and offshore. These services include purchase and sale of foreign exchange, fixed income securities, and offering hedging tools (in the form of derivatives) to mitigate the clients’ interest and foreign exchange risks.

Transaction Banking

The company’s transaction-based services provide high value-added cash management government entities, and small- and medium-enterprises (SMEs). The company’s electronic banking services, which include ATMs nationwide, as well as browser-based, mobile app, and landline banking facilities, allow customers to access their accounts and perform a range of banking transactions at their convenience anytime and anywhere.

Credit Cards

In the credit card industry, the company issues various brands in the country, including Mastercard, Visa, JCB, UnionPay, Diners Club and American Express, including corporate and tie-up cards with different companies.

The bank likewise dominates the merchant acquiring business in the Philippines with BDO POS terminals being the only terminals in the industry to accept the six credit card brands and all locally issued ATM/Debit Cards.

Investment Banking

The company, through its subsidiary, BDO Capital & Investment Corp., provides expertise and optimal solutions to address the capital raising needs of corporations and government entities plus meet the investment needs of retail and institutional investors.

Insurance

The company provides its clients non-life and group life insurance through BDO Insurance Brokers, Inc., a wholly owned subsidiary. The company also has a bancassurance license with BDO Life that permits it to market and sell individual life insurance products permitting customers access to an array of insurance products.

Trade Services

The company offers various documentary products and services, including letters of credit (LC); import LC openings and negotiations; domestic LC; standby LCs; trust receipt financing; export letters of credit; export LC advising and confirmation; export advances; export bills purchase; non-letters of credit; open account remittances; documents against acceptance; and documents against payment.

Leasing

BDO Leasing and Finance provides leasing and financing products to commercial clients. Leasing products include direct leases and sale and leaseback arrangements. Its financing products consist of commercial and consumer loans, installment paper purchases, receivables discounting and factoring. Assets financed include automobiles, trucks, office equipment, industrial, agricultural and office machinery, real property, and financial assets, such as receivables.

Distribution Methods of Products or Services

The company’s products and services are available mainly through the branches, but select services are also accessible through other channels, such as call centers, mobile and landline telephones, Internet, and point-of-sale terminals.

Regulation

As a banking institution, the company’s operations are regulated and supervised by the Bangko Sentral ng Pilipinas. The company is subject to the provisions of the General Banking Law of 2000 or Republic Act (RA) No. 8791.

History

The company was founded in 1967. It was incorporated in the Philippines in 1967. The company was formerly known as Banco De Oro Unibank Inc. and changed its name to BDO Unibank, Inc. in 2011.