Safe Births, Happy Moms: BDO Foundation's Gift to Philippine Healthcare

BDO Foundation has been making significant improvements to healthcare facilities across the Philippines, focusing on creating comfortable and safe birthing environments for expectant mothers.  Recent renovations, such as those at the CHO Panganakan ng San Jose in Nueva Ecija, showcase their commitment to improving maternal healthcare. These renovated centers aren't just buildings; they're designed as welcoming spaces for mothers and their newborns, prioritizing comfort and safety.  The initiative, supported by BDO Unibank and its network, demonstrates a substantial investment in improving the overall healthcare system and ensuring better outcomes for moms and babies.  This is a commendable effort to improve access to quality maternal care in the Philippines.

BDO Capital Reigns Supreme: 7th Time Investment House of the Year

BDO Capital & Investment Corporation (BDO Capital) received the highest honor as Investment House of the Year for the 7th year at the 9th Investment House Association of the Philippines (IHAP) Awards 2024. This event also marked the Association's 50th Anniversary, highlighting the significance of BDO Capital’s achievement. BDO Capital consistently excels in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.

In addition to this recognition, BDO Capital received the Best Equity House for the 6th year, Best Fixed Income House for the 9th consecutive time, and Best Project Finance House for the 7th year. These accolades highlight BDO Capital’s outstanding track record in underwriting and arranging financing for significant projects in industries such as energy and transportation, which are critical to the country's economic growth.

BDO Capital earned the Deal of the Year (large cap category) and Project Finance Deal of the Year awards for serving as Mandated Lead Arranger and Bookrunner for SMC’s Mass Rail Transit 7 Inc.’s (MRT-7) PHP 100 billion Syndicated Loan Term Facility. MRT-7 represents the single largest-ever peso-denominated syndicated term loan in the Philippines to successfully close and is a pivotal project under the Marcos administration’s “Build Better, More” infrastructure program, expected to significantly improve mass transportation in the country.

BDO Capital also won the Deal of the Year and Best Equity Deal awards (small to medium cap category) for serving as a Joint Issue Manager and Joint Lead Underwriter for the PHP1.6 billion IPO of Alternergy Holdings Corporation to fund various solar, hydro, and wind projects nationwide.

Apart from these deal awards, BDO Capital clinched the Best Equity Deal (large cap category) for acting as one of the Joint Issue Managers and Joint Lead Underwriters and Bookrunners for ACEN Corporation’s successful issuance of PHP 25 billion perpetual preferred shares.

In Photo: Gabriel U. Lim, Senior Vice President and Head of Corporate Finance of BDO Capital & Investment Corporation, and IHAP Director and Chairman of the Professional Development Committee, receives the Investment House of the Year Award with his team at the 9th IHAP Awards 2024 held on July 18, 2024 at the New World Hotel, Makati City. 

BDO Capital secured the Best Fixed Income Deal award (large cap category) for its role as a Joint Issue Manager for the Bureau of the Treasury’s second offering of USD 1.26 billion Retail Onshore Dollar Bonds to raise funds for the government’s priority projects.

“BDO Capital’s ability to serve as a one-stop shop investment house, covering all aspects of a deal from origination to execution, significantly benefits our clients by seamless structuring and execution, reducing costs and eliminating the need for multiple service providers. We consistently have our customers in mind in everything we undertake,” said Eduardo V. Francisco, President of BDO Capital.  

IHAP, a non-stock, non-profit organization serving as the umbrella organization of Philippine registered investment houses, and which has banks with investment house licenses and the country’s top legal and accounting firms as Fellows, aims to enhance the roles and contributions of the country’s investment houses to the Philippine economy. The IHAP Awards recognize outstanding performance based on league table rankings, innovation, deal structuring, and market impact, with evaluations conducted by IHAP members and a third-party panel of key capital market stakeholders serving as judges, consisting of senior representatives of the Securities and Exchange Commission, Philippine Stock Exchange, Philippine Dealing Systems Group, Financial Executives Institute of the Philippines, Fund Managers Association of the Philippines, Shareholders Association of the Philippines, and CFA Society Philippines. 

BDO Capital has also garnered international and local recognition as the Best Investment Bank in the Philippines from prestigious publications and associations such as Asian Banking & Finance, Finance Asia, Asiamoney, Alpha Southeast Asia, Global Finance, Acquisition International, and the Asia Pacific Loan Market Association.

The company’s leading position in the domestic investment banking industry is attributed to its robust capital strength and stability, strong distribution capability, and customer-centric approach, offering customized, optimal solutions to achieve the business goals of clients, issuers, and investors.

BDO's Expanded Sustainable Finance Framework Earns New Validation

BDO Unibank Inc. (BDO) received an updated Second Party Opinion (SPO) from Morningstar Sustainalytics affirming that its Sustainable Finance Framework (SFF) is credible and impactful. The SPO aligns with the 2021 Sustainability Bond Guidelines and Green Bond Principles. It is also in line with the 2023 Social Bond and Loan Principles, and Green and Social Loan Principles, as well as the 2018 ASEAN Sustainability, Social and Green Bond Standards. 

BDO expanded its Board-approved SFF to include gender financing and 19 additional eligible categories under green, blue, orange and social financing that are aligned with international and local bond principles, guidelines and taxonomies, as well as the United Nations Sustainable Development Goals. The expanded SFF will allow BDO to finance more projects with high economic, environmental and social benefits through its bond issuances, contributing to ecological sustainability, ocean, health, community development and women’s empowerment. The Bank’s previous ASEAN Sustainability Bond issuances have both set records as the largest issuance for any Philippine financial institution or company at P52.7 billion in 2022, and at P63.3 billion in January 2024. BDO recently concluded its third ASEAN Sustainable Bond issuance last July 16, 2024 at P55.7 billion. The offer period, originally scheduled to end July 19, was cut short due to strong demand from both institutional and retail investors.

Morningstar Sustainalytics, a global leader in analytical environmental, social and governance (ESG) research and ratings, provides high-quality data to the world’s leading institutional investors and corporations. Sustainalytics’ SPO signals that BDO is well-positioned for its sustainable bond issuances.

BDO Foundation Extends Helping Hand to Thousands Affected by Typhoon Carina

Distribution of relief packs through one of BDO Foundation’s partners, Caritas Manila. (Photo courtesy of Caritas Manila’s official Facebook page)

BDO Foundation, the philanthropic arm of BDO Unibank, has stepped up to provide relief to over 12,000 families impacted by Typhoon Carina. The foundation, in collaboration with partners like Caritas Manila, Tanging Yaman Foundation, and local government units, distributed 12,350 relief packs across Luzon, reaching communities affected by flooding in Bulacan (Malolos, Calumpit, Bocaue, Hagonoy, Meycauayan, and Obando), Pampanga (Macabebe and Masantol), Ilocos Sur (Vigan), Rizal, and Metro Manila.

BDO Foundation donated food packs containing rice, canned goods, and drinking water. “BDO Foundation hopes that through this simple act of kindness, we are able to show our solidarity to our kababayans and to help in giving them hope as they bounce back from this calamity,” shared BDO Foundation president Mario Deriquito.

Apart from the relief packs, BDO Foundation, through BDO Network Bank, also delivered cleaning materials to 150 schools across NCR, region 3, and region 4A to help flooded school communities prepare their facilities for the opening of classes.

Alden Richards: BDO is My Ideal Banking Partner

New face of BDO. BDO Unibank introduces actor and long-time client Alden Richards as its newest brand ambassador. 

Alden Richards has been a BDO Unibank client for almost a decade. This year, he became the bank’s newest brand ambassador.

“It feels great to be a part of the BDO family and to speak on their behalf. I have been using their services for a long time, so I can speak from my experience,” he said.

Alden prefers visiting BDO branches for his transactions because he appreciates the help from the branch personnel. With BDO's nationwide network, he can always find a nearby branch and ATM.

“I have seen how BDO has changed the banking industry in the Philippines. I've seen how it has improved products and services to meet our needs and goals, making our experience more efficient and rewarding,” he said, mentioning the bank's digital innovations, such as the Service Assist Machine (SAM) available at all BDO branches.

The Service Assist Machine (or SAM) complements the branch with more digital services. Clients can input their transaction details here before engaging with branch personnel, reducing the need for forms and wait times.

Clients can use the BDO Online App if they can’t visit a branch or ATM. Alden appreciates how the mobile app consolidates all his financial information in one place—his savings, credit cards, investments, and loans. He finds it delightful that he can keep an eye on all these at any time and from anywhere.

Clients can download the BDO Online App with additional features from the App Store and Google Play Store.

BDO in collaboration with OWWA honor overseas Filipinos during Migrant Workers’ Day celeb

BDO & SM brought fun & entertainment together with comedians MC & Lassy at the Migrant Workers' Day celebrations of DMW & OWWA recently held at the DMW office EDSA-Ortigas Ave., SM City North Edsa & SM City Bacolod. Aside from games & prizes, BDO shared financial tips to the Overseas Filipinos & responded to their inquiries on remittance services, loans, & insurance products.

BDO Unibank & the SM Supermalls in partnership with the Department of Migrant Workers (DMW) & the Overseas Workers Welfare Administration (OWWA), collaborated once again to honor the Overseas Filipinos.  

Spearheaded by the DMW & OWWA, Migrant Workers’ Day celebrations were held recently at the DMW office in EDSA-Ortigas Avenue, Mandaluyong City, SM North EDSA & SM City Bacolod, wherein BDO & SM Supermalls brought fun & laughter to the occasion together with comedians MC & Lassy. 

The migrant workers were treated to various fun & entertaining activities, including games & prizes as well as informative talks on financial education by BDO representatives & how BDO can help them reach their financial goals. 

“We at BDO recognize the important role of Overseas Filipinos–our Kabayans—in providing a better life for their families through the sacrifices they make,” said BDO Remittance SVP & Head Genie T. Gloria. “By ensuring the timely and seamless delivery of remittances to their beneficiaries back home, providing relevant financial solutions suited to their needs, as well as easy access to the other products & services of the bank, we are helping them provide a better future for their families.  BDO has consistently supported the plight of our Kabayans in tandem with the DMW & OWWA.”

For Joaquin San Agustin, SVP for Marketing of SM Supermalls, “The collaboration of BDO & SM Supermalls serves as a tribute to the Overseas Filipinos & their families. As our beloved customers, we would like to make them happy. This is our own way of recognizing the sacrifices of our OFWs. Long live our modern day heroes!”

Aside from the events in DMW office, SM North EDSA & SM City Bacolod, Migrant Workers’ Day celebrations were also held in SM City Puerto Princesa, SM City Iloilo, SM City Davao (Ecoland) & SM City Tuguegarao. Off-mall activities were also held in Clark, Pampanga; Bacoor, Cavite; and Libmanan, Camarines Sur.

ABOUT BDO UNIBANK, INC.

BDO is a full-service universal bank which provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.  

BDO has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,600 ATMs nationwide.  It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2022. For more information, please visit www.bdo.com.ph

BDO is regulated by the Bangko Sentral ng Pilipinas. 

www.bsp.gov.ph 

For concerns, please visit any BDO branch nearest you, or contact us thru our 24x7 hotline (+632) 8631-8000 or email us via callcenter@bdo.com.ph.

BDO Unibank's Strategy For Greater Financial Inclusion Among Filipinos

Many of us Filipinos may not yet fully understand what financial literacy is.

Financial literacy is the knowledge about our financial life, or knowledge of proper handling of money, proper saving, proper spending, and how to grow money. The lack of knowledge of many Filipinos in these matters is a big reason why many Filipinos are poor and even more impoverished. Whereas people who know about financial literacy, such as the rich, get even richer. That's also something I often hear other people complain about... Why are the rich getting richer, and the poor getting poorer? Then it will be followed by blaming the government or anyone else to blame.

Blaming other people is not the solution to get you out of poverty. That said, no one can change your life but you, and only you. It doesn't mean that you will not need the help of other people. Let me repeat, you also need other people's help, not other people's blame. That means the way to get out of poverty starts with you. If you don't take action and continue to blame the government or other people for why you are still poor today, you will only continue to suffer.

Let's avoid passing on this mindset to our younger generations instead help and make them aware of the importance of money as early as possible. Especially hard earned money

The right thing to do is to start thinking, now, about how you can change your life. If you are poor right now, don't let yourself be like that forever. Because if you have a family, and you have children, will you allow them to suffer one day, especially when you are gone?

That's why I'm privileged to know and share with you one of BDO's innovations to educate everyone through technology, especially youngsters. Just like what the corporate social responsibility arm of BDO Unibank, the BDO Foundation (BDOF) did. BDOF released five (5) financial education videos for students. These aim to catch students’ attention and enable them to learn about the value of money at the same time.

Let's admit that today's youth can better understand the things being taught and we want them to understand through video. Kudos to BDO Unibank for making videos on the platform that young people always go to – YouTube. 

1. “Walk Hard for the Money,” - which tells of an elementary school boy who chooses to walk to school instead of commuting despite being given an allowance. Along with other money-making efforts, these eventually pay off, allowing him to buy an electric scooter, which he later rides to school. https://youtu.be/DVVxWZlBWJ4

2.  “Bente Bente,” conveys the same message to young school children to the tune of “Tong Tong Pakitong-kitong.”. https://youtu.be/deT9uHiIsss 

3." Umutang ay Di Biro” inspired by the Filipino folk song Magtanim ay Di Biro, also uses music to tell older students to save their allowance, limit spending and pay debts on time. https://youtu.be/RantK4EGAK8 

4. “Ganda ni Girlie,” meanwhile, describes how a high school student’s resourcefulness and creativity help her earn income even in her youth. https://youtu.be/NvjjR3lbR8k 

5."Save to Have a Million: Junior Edition” discusses the right attitudes in handling money through a game show.

https://youtu.be/Li2UXFFY05M

Our children must start the habit of saving while they’re young, This is BDO's strategy for greater financial inclusion among Filipinos in the long run. 

Teach them young. Teach them right. 💛

BDO Bags Asia’s Top Sustainability Advocate and the Industry Champion of the year for the 2nd Time

BDO Unibank Inc. (BDO) was named Industry Champion of the Year and Top Sustainability Advocate in Asia, both for the second time at the 2022 Asia Corporate Excellence & Sustainability (ACES) Awards in Kuala Lumpur, Malaysia.

The Industry Champion award is presented to companies that have a distinct competitive advantage, set industry trends, and have commendable best practices in place. Winners in this category have shown the ability to evolve the focus of their enterprises along with the dynamic changes of the industries they serve to sustain as market leaders.

BDO is the country’s largest bank in terms of total assets, loans, deposits and trust funds under management. The Bank has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,500 ATMs nationwide. It also has 16 international offices in Asia, Europe, North America and the Middle East. The Bank also offers extensive digital banking solutions to make banking easier, faster, and more secure for its clients.

“This recognition embodies BDO’s commitment to sustainability for the benefit of all its stakeholders, its customers and the hard work of its employees who are at the core of our business. We believe that our success as an institution is dependent on the growth and resiliency of the ecosystem we operate in.” said Nestor V. Tan, President and CEO of BDO Unibank. 

BDO also won the Top Sustainability Advocate in Asia award for the second straight year. The Bank recognizes the critical role of financial institutions to manage its environmental and social risks and finance the country’s transition to a low-carbon economy. In 2021, BDO financed a mix of 54 renewable energy projects for wind, solar, geothermal, hydro, and biomass energy sources accounting for 2,230 megawatts of total installed capacity nationwide. BDO continues to expand its Sustainable Finance initiatives, in place since 2010, towards funding new and existing renewable energy projects to increase their capacity, and support the country’s avoidance of greenhouse gas (GHG) emissions. The Bank also finances energy efficiency projects and green buildings.

The Asia Corporate Excellence & Sustainability Awards (ACES) recognizes successful companies and individuals in Asia across two main domains; leadership and corporate social responsibility. The awards value and recognize services and achievements of businesses, both large and small, national and international, for their esteemed contributions to their communities and the world.

The ACES Awards is organized annually by MORS Group, an organization committed to assisting companies, corporate leaders, and eminent industrialists share a platform to exhibit leadership and sustainability excellence.

 

BDO is regulated by the Bangko Sentral ng Pilipinas with contact number (+632) 8708-7087 and with email address consumeraffairs@bsp.gov.ph, and webchat at www.bsp.gov.ph. Deposits are insured by PDIC up to P500,000 per depositor.

For concerns, please visit any BDO branch nearest you, or contact us thru our 24x7 hotline (+632) 8631-8000 or email us via callcenter@bdo.com.ph.

BDO at SM Supermalls, may pamaskong handog para sa mga OFW

Nagbabalik ang Pamaskong Handog events ng SM Supermalls at BDO upang maghatid ng saya at natatanging pagdiriwang ng Kapaskuhan para sa mga nagbalikbayang Overseas Filipino Workers (OFWs) at kanilang pamilya ngayong Disyembre.

Naglalakihang pa-premyo, entertainment, at bonding moments kasama ang mga special guests ang dapat abangan sa 2022 Pamaskong Handog na may temang “Kita-kits na muli sa SM”.  Idaraos ito sa SM City Santa Rosa, Laguna sa December 3; SM City Iloilo sa December 10; at SM CDO Downtown Premiere sa December 17, sa ganap na 2PM.

Huwag palagpasin ang espesyal na pagtatanghal ng BDO Remit endorser na si Piolo Pascual, maging ang mga komedyanteng sina MC & Lassy na  magbibigay-katatawanan bilang hosts sa tatlong events. Kasama rin sina Ate Gay at Regina sa SM City Sta. Rosa at SM City Iloilo, at Divine Tetay at Tonton Soriano sa SM CDO Downtown Premiere.

Bilang espesyal na regalo, maraming ekslusibong deals at discounts ang inilaan ng SM affiliates para sa Kabayan Savings account holders. Halos araw-araw ay mayroong discount sa SM sa buong Disyembre! Tuwing Lunes ay may Php300 off sa Miniso; Php500 off sa SM Stores tuwing Martes; 10% off sa Surplus Shop sa Miyerkules; at sa Huwebes naman, may pa-FREE cheeseball sa SM Supermarket, SM Hypermarket, at SM Savemore. May Php500 off din sa Baby Company na nagsimula nitong November 15 hanggang December 31.

Ang BDO naman ay may ongoing promo para sa mga overseas Filipinos at kanilang beneficiaries. Waived fees of up to PHP20,00 sa Home Loan at up to PHP30,000 naman sa Auto Loan. Sa mismong Pamaskong Handog events naman, may chance manalo ng PHP1M worth of insurance coverage mula sa BDO Life, cash prizes, at freebies mula sa BDO Cash Agad at mga espesyal na regalo mula sa BDO Network Bank.

Maliban sa celebrity shows, may pa-bingo, games at raffle din ang BDO at partner sponsors na Western Union at  WorldRemit. Magbibigay rin ng financial tips sa savings at investment ang BDO para matulungan ang mga overseas Filipinos na iplano ang kanilang kinabukasan.

Papahuli ka ba? Tara na at makisali sa kasiyahang hatid ng SM at BDO. Ipakita lamang ang BDO Kabayan or BDO Network Bank Kabayan ATM card or passbook sa venue. Maaari rin magsama ng isang companion ang Kabayan Savings account holder.

At para sa mga Pinoy na hindi pa makakauwi sa Pilipinas, huwag mag-alala dahil mapapanood ang livestream ng Pamaskong Handog sa BDO Kabayan Facebook page. Pwede ring bisitahin at makinood sa BDO Remit at BDO Unibank representative offices sa Hong Kong, Japan, Macau, France, at United Arab Emirates.

Mula 2012, naging daan na ang naturang event upang magbigay entertainment at regalo para sa overseas Filipino families taon-taon. Bagamat naging virtual ang selebrasyon dahil sa pandemiya, tuloy-tuloy pa rin na nagbibigay-saya ang BDO at SM sa mga OFW at mga pamilya nitong nagdaang dalawang taon.

Para sa karagdagang impormasyon, bisitahin ang BDO Kabayan Faceboook  www.bdo.com.ph/promos/pamaskonghandog2022 or BDO Kabayan Facebook page.

BDO opens its 33rd branch in Bicolandia

BDO Unibank has opened a branch in Sorsogon to support the growing banking needs of clients in one of Bicol region’s leading urban cities. 

The full-service branch, which is located in SM City Sorsogon, is BDO’s 33rd branch in Bicolandia. It can serve the personal investment, sending and receiving of funds, and financial planning needs of individuals, as well as extend loans to businesses for their expansion activities. Self-service options are also available via digital and online banking facilities to give clients alternative channels to do their banking transactions inside the branch. 

BDO provides banking solutions to clients through combination of physical and digital banking services in the branches. 

Since it is located in SM, the branch also offers extended banking hours for added convenience to clients who would like to do their shopping and banking chores simultaneously.

Located in the Bicol peninsula, Sorsogon City is the capital of the province of Sorsogon. It is considered as Luzon’s gateway to the Visayas and Mindanao through its roll-on/roll-off ferry terminal facilities located in the municipalities of Matnog, Pilar and Bulan.

Most businesses in the city are related to tourism, agriculture/marine products, hardware and construction, and gasoline stations.

1st BDO Blogger Awards acknowledged the best online content creators

 

BDO Unibank recognized the best online content creators in the first-ever BDO Blogger Awards.

The BDO Blogger Awards honors bloggers and influencers for sharing useful information, insights, and positivity with their followers and viewers. The awards honor bloggers’ contributions not only in spreading awareness about the bank’s advocacies but also in initiating important public discussions for a more financially-inclusive industry through content creation.

The Awards feature two segments: the recognition ceremony, which awards the top-performing content creators in terms of the quality of content they published online from 2020 to 2021; and the content creation contest—a thematic activity that challenges participants to come up with unique and creative ways to talk about various topics.

This year, BDO challenged participants to discuss the bank’s innovative digital solutions, which served as an alternative option for clients to perform their bank transactions, especially during the height of the pandemic.

And the awards go to…

The Digital Storyteller of the Year award was given to Mary Lorraine Llorin of Super Momma Blog.

For Excellence in Digital Engagement category, the winners were :

• Lally Gonzales of Lally Reflections (3rd place)
• Berlin Domingo of Momi Berlin (2nd place)
• Reylen Castro of Made it Through Mum (1st place).

Awardees for the Influential Blogger of Year category were:

• Mary Lorraine Llorin of Super Momma (3rd place)
• Reylen Castro of Made it Through Mum (2nd place)
• Berlin Domingo of Momi Berlin (1st place).

The winners of the Special Award for Exemplary Initiative were :

• Ruby Caberte of Pinay Mommy Online (5th place)
• Lhyzie Bongon of Life with Lyzie (4th place)
• Roselle Toledo of Snapped & Scribbled (3rd place)
• Sylver Sy of Iconic MNL (2nd place)
• Richard Mamuyac of The Newsmakers blog (1st place)

Meanwhile, Fitz Villafuerte of Ready to be Rich was named BDO’s Online Advocate of the Year.

For the Content Creation Contest, winners were: 

   Luzon

• Berlin Domingo of Momi Berlin 
• Reylen Castro of Made it Through Mum

  

  Visayas

• Sigrid Lo of Lovingly Momma
• Clarice Lao of My Metro Lifestyle

   Mindanao

• Ruby Caberte of Pinay Mommy Online 

Content Creation Excellence. BDO Unibank virtually staged the 1st BDO Blogger Awards to honor bloggers and influencers nationwide for starting relevant discussions online about financial inclusion through creative content creation.

About BDO Unibank, Inc.

BDO is a full-service universal bank which provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.  

BDO has the country’s largest distribution network, with over 1,500 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East.

The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.

BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of December 31, 2021. For more information, please visit www.bdo.com.ph.

BDO is regulated by the Bangko Sentral ng Pilipinas with contact number (+632) 8708-7087 and with email address consumeraffairs@bsp.gov.ph, and webchat at www.bsp.gov.ph.

For concerns, please visit any BDO branch nearest you, or contact us thru our 24x7 hotline (+632) 8631-8000 or email us via callcenter@bdo.com.ph.

BDO broadens digitization efforts with BDO Pay

BDO UNIBANK has broadened its roster of digital banking channels with the introduction of a mobile payment app that links directly to the client’s BDO account and credit card—making banking even more convenient, safer and responsive to its clients’ needs.

Called BDO Pay, this app will enable clients to use their savings account or credit card to do contactless payments for bills, to online sellers and various stores nationwide.

With this newest initiative, BDO clients need not move in and out of different apps just to transfer money from one account to another. Moreover, having a mobile payment app linked directly to a client’s bank account allows the former to save from paying cash-in fees repeatedly.

BDO clients with existing online banking account can easily use BDO Pay by just downloading the mobile app from Google Play, App Store, or Huawei AppGallery. Existing clients with no online banking account, are encouraged to sign-up first via online.bdo.com.ph and enroll. Once the online banking account is activated, clients can already download the BDO Pay app and start using it.

Meanwhile, non-BDO clients are invited to open a BDO account to experience the features of the said mobile payment app.

Digital upgrades to a better customer journey

BDO, which currently operates the most number of branches and ATMs in the country, has been enhancing its technology and security infrastructure to deliver its products and services in a faster, simpler, and more secure way for the clients.

“The digital initiatives do not only revolve around technology infrastructure but also the revamp of operational processes and the engagement of experts to enable the Bank to be more agile and responsive to its clients’ needs,” said BDO.

During the height of the pandemic, the Bank saw a substantial increase in usage of its BDO Online Banking and Mobile Banking channels as they provide BDO clients instant and easy access to all their BDO accounts, namely, credit cards, deposits, loans, and investments.

The widespread adoption of mobile and online banking habits is rising rapidly around the world largely due to COVID-19. This has propelled the banks to embrace the advantages of digital banking and give their clients the ability and control to do bank transactions and payments without the need to visit a branch.

In the Philippines, Filipinos are becoming more and more comfortable with cashless payments and doing online banking transactions in the new normal. The Bangko Sentral ng Pilipinas (BSP) targets to bring 70% of adult Filipinos into the banked population by 2023 and hopes that 50% of transactions—in terms of volume and value—are done digitally.

About BDO Unibank, Inc.

BDO is a full-service universal bank that provides a wide range of corporate and retail banking services, such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit cards, and online and non-online brokerage services.   

BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East. 

The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.  

BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of March 31, 2021. For more information, please visit www.bdo.com.ph. 

BDO and partner schools: Finding ways to make it through the pandemic

 

We were already experiencing a global learning crisis, as many students were in school, but were not learning the fundamental skills needed for life

It’s not only entrepreneurs who have been struggling through the pandemic—schools have also been doing their best to survive and continue operations for the sake of students and teachers. One example of how a school has heroically met the challenge of the pandemic is Manuel S. Enverga University (MSEUF) in Lucena, Quezon Province. 

Manuel S. Enverga University (MSEUF) in Lucena, Quezon Province

Founded in 1947, the university has provided many generations the hope of learning and a brighter future. When the pandemic struck, the university had to adjust its administrative operations to assure the safety of its teachers and students while continuing to provide quality education. 

MSEUF had to shift to a combination of online learning and asynchronous modular learning for their students, as the community quarantine prohibited face-to-face classes.

The school also had to adjust its administrative processes to allow most staff to work from home. This meant shifting to an online platform to process vital transactions such as disbursement and collection of payments, including tuition. For this, the university sought help from its bank, BDO. 

Carlito Rodriguez, 
MSEUF Treasury Office Head

“One big solution BDO provided is their SME Online Banking facility. Before, we had to manually check with parents the name of the student and the amount paid for us to be able to monitor their payments. We had to update passbooks every day to make sure we monitored the payments properly,” said Carl Rodriguez, head of the university’s Treasury Office. 

“Furthermore, BDO SME Online Banking gave parents more options for payments.  They could pay through BDO online channels, Mobile Banking or Online Banking, simply by transferring money from their BDO account to our BDO account. They also have the option to pay at any BDO branch in Lucena or other areas. All of these made operations easier for us despite the pandemic. It also proved to be the most efficient as many parents are also BDO account holders” 

Apart from the collection of tuition fees, the university also processes its employee payroll with the help of BDO. “BDO was processing our payroll even during the lockdown when it was so hard to go from place to place because of travel restrictions. They found ways to keep our payroll process running smoothly without disruptions,” Rodriguez said. 

MSEUF can operate despite the challenges of the pandemic through the dedication and strategic thinking of its university officials, and with the help of its banking partner as well.  For more information on BDO’s Cash Management System, call (632) 88407500; email cms-sme@bdo.com.ph; or visit www.bdo.com.ph.

BDO Unibank wins Bronze Award at the Asia Sustainability Reporting Awards (ASRA)

 

Partner for Social Progress. CSRWorks International recognized BDO Unibank, Inc.’s Sustainability Report with a Bronze Award in the First Time Reporter category of its 5th Asia Sustainability Reporting Awards (ASRA). BDO is the only awarded Philippine bank this year.

BDO Unibank, Inc. received the Bronze Award in the First Time Reporter category at the prestigious 5th Asia Sustainability Reporting Awards (ASRA)—the only awarded Philippine bank this year.

The First Time Reporter award is given to inaugural and well-rounded sustainability reports that demonstrate the company’s long-term approach to integrating sustainability practice into its business operations.

Winning entries in the category are judged on “strategic approach to sustainability, meaningful and relevant leadership opening statement, coverage of all significant sustainability impacts of the business, approach to stakeholder engagement, and clear presentation of multi-year sustainability performance results.”

BDO’s award-winning report affirms the bank’s leadership in sustainability reporting and commitment to creating long-term value for stakeholders.

Banking and Sustainability

BDO’s Sustainability Report, released last year, outlines the bank’s economic, environmental, social, and governance performance in 2018. It shows how BDO stays true to its sustainability philosophy to achieve resilience by incorporating sustainability in the way it does business and to embed sustainability principles in its decision-making, relationship assessment, and product development processes.

Prepared in accordance with the Global Reporting Initiative (GRI) Standards, the report also details how the financial institution does its part in being a positive force for progress, opportunity, and sustainability in the communities it serves.

“Banking and financial services play a critical role in helping drive sustainable development. Our ability to provide financial access to the majority of the population is vital in creating a more equitable society. By leveraging on our resources, we strive to be the country’s partner for social progress,” says Nestor Tan, president and chief executive officer of BDO.

Sustainability Warriors

The non-profit ASRA is organized annually by Singapore-based CSRWorks International. This year’s winners were selected from 461 entries from 16 countries in Asia. It saw 80 shortlisted companies from 13 countries competing in the finals across 19 awards categories.

Rajesh Chhabara, managing director of CSRWorks International and the founder of ASRA, said: “The unprecedented global pandemic caused by COVID-19 is a stark reminder that businesses, governments and societies need to work together to build mutual resilience. Adopting responsible environmental, social, and governance practices has become ever more essential to ensure corporate sustainability.”

Besides BDO, three other Philippine companies were honored at the ASRA, including SM Investments Corporation, which received a Bronze Award in the Asia’s Best Sustainability Report (Digital) category.

“We have a strong commitment to sustainability. Environmental, Social, and Governance (ESG) standards and practices are at the core of how we run our business because they are aligned with our ‘We Find Ways’ service philosophy. These principles remain our cornerstone as we continue to evolve to serve the needs of our clients and contribute to social progress,” said Teresita Sy Coson, chairperson of BDO.

BDO posts P4.3 billion in Net Income due to P22.4 billion in Upfront Provisions

BDO Unibank, Inc. (BDO) recorded P4.3 billion in profits in the IH 2020 vs. P20.1 billion in the comparable period last year, as the Bank booked total provisions of P22.4 billion in anticipation of potential delinquencies due to the Covid 19 pandemic. The provisions are anticipatory in nature, and meant to safeguard the balance sheet. By recognizing the provisions upfront, the Bank can now focus on growing its business as restrictions under ECQ/GCQ are gradually relaxed. Core businesses held up well amid the COVID19 pandemic, with Pre-Provision Operating Income (PPOP) up 17 per cent.

Net Interest Income (NII) likewise went up by 17 per cent. Customer loans rose by 1 1 per cent to P2.3 trillion, while total deposits went up by nine (9) per cent to P2.6 trillion, driven by the 19 per cent expansion in Current Account/Savings Account (CASA) deposits which now account for 77 per cent of total deposits. As of end-June 2020, branch operations have been fully restored from only 45 per cent at the start of the ECQ in mid-March 2020. Non-interest income settled at P24.8 billion, led by fee-based income with PI 3.4 billion and insurance premiums with P7.0 billion.

Operating expenses dipped by one (1) per cent to 256.0 billion on lower volume-related expenses, and despite the additional costs and operational adjustments to adapt to the 'new normal" to ensure the security, health, and safety of BDO employees and clients.

Gross non-performing loan (NPL) ratio increased to 1.95 per cent while NPL cover settled at 139.4 per cent.

Total capital base settled at P367.5 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET 1) ratio at 13.8 per cent and 12.7 per cent, respectively, despite the upfront provisions. These ratios are well above regulatory minimum and deemed sufficient to support the Bank's anticipated asset growth as well as regular quarterly dividends.

Going forward, BDO believes that its solid balance sheet, sustained business growth, and dedicated team effort will allow the Bank to weather the COVID-19 crisis and sustain its long-term performance post-pandemic.

About BDO

BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.

BDO has the country's largest distribution network, with over 1,400 consolidated operating branches and more than 4 400 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2020. For more information, please visit www.bdo.com.ph.