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Banking issues lift market

The local stock barometer returned to positive territory on Tuesday on the back of upbeat US economic data.

Posted: April 16th, 2014 in Headlines | Read More »

BDO gets Moody’s investment grade

All of the country’s top three banks are now rated investment grade by Moody’s Investor Service, reflective of the strength of the Philippine economy that provides for a friendly operating environment.

Posted: March 31st, 2014 in Headlines | Read More »

BDO completes buyout of Citibank Savings

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FILE PHOTO

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.

Posted: March 26th, 2014 in Latest Business Stories | Read More »

BDO reports net income of P22.6 B in 2013

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FILE PHOTO

The country’s largest lender, Banco de Oro Unibank, chalked up a record-high net profit of P22.6 billion in 2013, exceeding its earnings guidance and beating the performance of all other banking peers for the year.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

BDO buys Deutsche Bank’s trust business

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FILE PHOTO

Banco de Oro Unibank has signed a deal to acquire the Philippine trust business of Deutsche Bank AG, expanding its assets under management by over P70 billion.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

BDO and SM renovate health centers

The fifth health center renovated by the joint efforts of SM and BDO Foundation was recently inaugurated and turned over in Cabanatuan City to local government officials.

Posted: February 14th, 2014 in Headlines | Read More »

BDO, investment bank unit bag top awards

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BDO Unibank is the “best” local bank in the Philippines while its subsidiary BDO Capital and Investment Corp. is at the top of the country’s investment banking segment, according to Hong Kong-based The Asset Magazine.

Posted: January 26th, 2014 in Headlines | Read More »

Biz Buzz: Pacquiao’s ‘cribs’ for sale

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Manny Pacquiao’s mansion in North Forbes (bought from RCBC president Lorenzo Tan, partially financed by a bank loan) is reportedly weighing heavily on him, with monthly amortization and assorted expenses costing him some P7 million a month. INQUIRER FILE PHOTO

Just how deep in a financial hole is boxing champion Manny Pacquiao? Of course, we all know that the Bureau of Internal Revenue has dunned the gentleman from Saranggani for P2.2 billion in back taxes. And we all know that the US Internal Revenue Service has frozen a couple of his bank accounts in the United States with at least $18 million in them.

Posted: January 8th, 2014 in Headlines | Read More »

Stocks seen to rise

The local stock market is seen trading with bias on the upside this week, building on the momentum seen last week.

Posted: December 1st, 2013 in Headlines | Read More »

BDO completes P5-B deposit paper offering

INQUIRER FILE PHOTO

The country’s leading lender Banco de Oro has completed a fresh P5-billion fund-raising through an offering of high-yield deposits.

Posted: November 29th, 2013 in Latest Business Stories | Read More »

BDO chalks up record-high net profit in first 9.months

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INQUIRER FILE PHOTO

The country’s leading lender Banco de Oro Unibank chalked up a record-high net profit of P18.2 billion in the first nine months, 73 percent year-on-year, on a double-digit rise in interest earnings, fee-based and treasury gains.

Posted: October 29th, 2013 in Latest Business Stories | Read More »

BDO on track to meet target

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The country’s largest lender Banco de Oro Unibank is in line to meet its P20.4-billion net profit guidance for this year and is preparing for the much-expected industry-wide decline in extraordinary trading gains in 2014.

Posted: October 13th, 2013 in Headlines | Read More »

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