BDO completes buyout of Citibank Savings
By Doris C. Dumlao
The country’s largest lender, Banco de Oro Unibank, has completed its acquisition of the 10-branch Citibank Savings Inc., thereby expanding BDO’s retail banking presence.
The country’s largest lender, Banco de Oro Unibank, has completed its acquisition of the 10-branch Citibank Savings Inc., thereby expanding BDO’s retail banking presence.
The country’s biggest lender Banco de Oro Unibank chalked up a record-high net profit of P22.6 billion in 2013, beating the earnings performance of any other Philippine bank.
London-based banking and finance publication The Banker has named tycoon Henry Sy’s banking arm Banco de Oro Unibank as the “Bank of the Year” for the Philippines 2013.
The country’s leading lender Banco de Oro has completed a fresh P5 billion fund-raising through an offering of high-yielding deposits.
The country’s leading lender, Banco de Oro Unibank, posted a record-high net profit of P18.2 billion in the first nine months, up by 73 percent year-on-year, given a double-digit rise in interest earnings, fee-based and treasury gains.
TYCOON Henry Sy-led Banco de Oro Unibank was named “Best Asian Bank” for 2013 by FinanceAsia, making history as the first Philippine bank to win the prestigious regional award.
Banco de Oro Unibank has been named “best Asian bank” for 2013 by FinanceAsia, a Hong Kong-based magazine that specializes in banking, finance, economic and business news and analyses.
The country’s biggest lender Banco de Oro Unibank has completed a P5-billion fund-raising from the offering of seven-year deposits at a coupon rate of 3.5 percent a year.
Banco de Oro Unibank and Union Bank of the Philippines are embarking on fresh fundraising activities through the offering of high-yielding deposit certificates.
Banco de Oro Unibank, the country’s largest lender, posted a record-high first semester net profit of P14.1 billion, more than double the level posted in the same period last year, as unprecedented trading gains complemented growth in interest earnings.
The country’s largest lender Banco de Oro Unibank posted a record-high first semester net profit of P14.1 billion, more than double the level posted in the same period last year, as unprecedented trading gains complemented growth in interest earnings.
Banco de Oro Unibank, the country’s biggest bank, expects to breach the P20-billion net profit mark this year, as the hefty trading gains in the first quarter are seen complementing a double-digit rise in interest earnings for the full year.
