Made It Through Mum

The only one . BDO branch in Iriga City was the only bank in the whole Rinconada District in Camarines Sur to remain online during Tropical Storm Kristine’s surge. IN the face of great damage brought by Tropical Storm Kristine to the Bicol Region, BDO Unibank remained online within the Rinconada District to serve the community’s cash requirements at a dire time when people needed access to their funds. The Rinconada District encompasses the municipalities of Baao, Balatan, Bato, Buhi, Bula, Nabua, and Iriga City. According to Romeo R. De Vera III, Senior Assistant Vice President and Area Head of Region 6-Southern Luzon, the BDO branch in Iriga City remained open to clients in need of cash on October 24, when the rest were not available. De Vera explained that to ensure uninterrupted service to their clients even during calamities, they strategically deployed personnel and resources where they were needed the most, as some branches had to close due to floods and other challenges. He als...

With the global shift toward digital banking, BDO Unibank acknowledges the necessity of combining traditional banking services with digital innovation by investing in technology and physical locations to meet the changing financial demands of its clients. The Bank announced that its 1,200 locations across the country now feature self-service onboarding kiosks, making it easier for clients to create accounts and conduct transactions in the branches. Several branches additionally offer a universal machine where customers may make cash and check deposits, fund transfers, pay bills, and update their passbooks. BDO is expanding its physical branch network to ensure clients can access in-person banking services easily. At the same time, it is leveraging technology to enhance its digital banking offerings, which include regular updates on its mobile and online banking platforms with user-friendly options so clients can easily manage their daily finances. The bank is also growing its network...

Deciding to have a fur baby means you are ready to make it a part of your family, they are not just pets. We play with them, we love them and we should take care of them. But like in our case (people), no matter how much we protect them (our fur babies), there are unforeseen events that can happen. One of the notable traits of Filipinos is their solid display of love and care for their pet dogs and cats. They regularly spend time and resource to keep them groomed, healthy, and jolly. To help fur parents protect their beloved fur babies, BDO Insure, a wholly-owned subsidiary of BDO Unibank, offers affordable and customizable pet dog and cat insurance plans. "We understand that pets are important members of the family, and we want to help pet owners provide them with the best possible care, said Ma. Theresa L. Tan, General Manager of BDO Insure "With BDO Insure's Pet Dog and Cat Insurance, fur parents can register their fur babies online and customize the coverage to mat...

In Photo (From Right to Left): Sonny Marpuri, First Vice President of BDO Singapore branch accepts BDO Unibank’s award as Philippines’ Top Investment House and BDO Capital’s plaque as Top Arranger for Corporate Bonds at The Asset Benchmark Research Awards 2022 in Singapore. He is joined by Gail Pineda and Angelique Aquino from BDO Unibank’s Trust and Investments Group who have received the Most Astute Investor Awards. 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 4,500 ATMs nationwide. It also has 16 international offices (including full-...

At its meeting held on December 3, 2022 , the Board of Directors of BDO Unibank, Inc. (BDO) approved the declaration of regular cash dividends on common shares in the amount of P0.30 per share for the 4th quarter of 2022 , payable on December 29, 2022 to all stockholders on record as of December 20, 2022 .  The Bank likewise received approval from the Securities & Exchange Commission (SEC) on Nov. 29, 2022 for its stock dividends equivalent to 20% of current outstanding. To recall, BDO’s Board of Directors approved on March 26, 2022 : the declaration of 20% stock dividends; an increase in its authorized capital stock (common shares) from 5.5 billion to 8.5 billion shares, and; the amendment to the Bank’s Articles of Incorporation to reflect the increase. These were subsequently approved by stockholders at the Bank’s Annual Shareholders’ Meeting held on April 22, 2022 , and by the Bangko Sentral ng Pilipinas (BSP) on September 15, 2022 . The record date for the stock dividen...

BDO Unibank won the Bank of the Year in the Philippines at the recently held Bank of the Year Awards 2021 of The Banker. The London-based financial publication has commended the digital solutions deployed by BDO Unibank in 2021 , stating that the modernization prompted better customer service, increased resiliency, and enhanced cybersecurity. The deployment of digital solutions has allowed bank clients to open accounts online, make paperless in-branch transactions, and do card-less ATM banking using biometrics or QR Codes. Moreover, they can now link together their BDO accounts in one mobile wallet called BDO Pay and make online peer-to-peer and consumer transactions easier and faster. The Banker pointed out that all these efforts allowed “[greater efficiency and] faster turnaround time on transactions as well as greater access to banking systems through an increased number of channels and touchpoints.” It also lauded BDO’s continued efforts to cater to various customer segments...

Both entrepreneurs and workers in MSMEs are the hardest-hit by the economic disruption resulting from the pandemic. There are nearly 1 million MSMEs in the country and data from the Department of Trade and Industry indicated that more than 50% of this number or around 525,000 have closed their businesses. This has left millions of Filipinos unemployed. On the macro level, the Asian Development Bank said the Philippine economy had bottomed out in May or June and that for the rest of the year, economic contraction is projected at 7.3% by end of 2020. Recovery is expected to happen by 2021 when the pandemic is hoped to be contained and the economy is expected to bounce back by 6.5%. Cash Agad Partner Agent Even with the prevailing economic slowdown, the country has been observing signs of gradual recovery especially in some of the MSMEs.   One of them is Krystal Bantic of Quirino province in the Cagayan Valley region. Krystal runs a grocery store in her town and she became a Cas...

Naging matindi ang epekto ng pandemic sa mga pamilya at komunidad sa bansa hindi lang  dahil sa takot na naramdaman ng marami mula sa banta ng COVID-19 kundi pati na rin sa epekto nito sa kabuhayan. Maraming nagsarang negosyo at maraming nawalan ng trabaho. At yun namang mga kumikita pa rin, hindi makapag-withdraw ng cash dahil pinatigil ng mga lockdown ang pampublikong transportasyon. Mabuti na lamang at andiyan ang mga Cash Agad partner agents, naka-antabay para matugunan ang banking needs ng bawat Pilipino sa gitna ng pandemya. Naapektuhan man sila noong nagdeklara ng community quarantine, sila naman ay nakatulong sa barangay, nakakabawi at patuloy pang bumabangon upang muling umunlad ang kanilang mga negosyo.   Ang network ng Cash Agad partner agents ay binubuo ng mga maliliit na negosyante sa Luzon, Visayas, at Mindanao na nagpapatakbo ng sebisyong Cash Agad sa kani-kanilang komunidad. Layunin ng sebisyong ito na bigyan ng access sa cash ang mga malalayong komunidad, ...

  ONE   of   the   worst   effects   of   the   COVID-19 pandemic is the   increase in unemployment  rate   worldwide. As social distancing and   community lockdowns have   been strictly enforced to limit the spread   of   the   virus, businesses had to either contend with a diminished customer base, suspend operations for a couple of months, or close shop altogether.  The results were staggering. According to the Philippine Statistics Authority, the   country's unemployment rate increased to   17.7 percent in April, the highest in   15 years, as the lockdown forced   the closure of thousands of businesses. This is equivalent to an   estimated 7.3 million Filipinos losing jobs. For those who lost their jobs, their next thought process is understandably how to fend for themselves and th...

Banking excellence. BDO Unibank was awarded Best Bank in the Philippines while its subsidiaries, BDO Private Bank and BDO Capital received the Best Private Bank in the Philippines and the Best Equity Capital Market (ECM) House in the Philippines awards, respectively. FinanceAsia presented BDO Unibank, Inc. and two of its subsidiaries with top honors during its annual Country Awards, which recognizes the best banks, brokers, and law firms across Asia. BDO was named Best Bank in the Philippines for the 13th straight year. BDO Private Bank, on the other hand, was recognized as the Best Private Bank in the Philippines—a prestigious title it has held since 2008 . Meanwhile, BDO Capital & Investment Corporation was awarded the Best Equity Capital Market (ECM) House in the Philippines, which it also got in 2017 .  “The competition is always fierce, but this year it also took place against an unprecedented global backdrop thanks to COVID-19. What stood out was the banks...

BDO Network Bank, the rural banking arm of BDO Unibank, has announced that its network of Automated Teller Machines (ATMs) now accepts VISA and KFTC (Korea Financial Intermediaries and Clearing Institute) International cards, allowing the bank to serve the cash requirements of more ATM cardholders with internationally-issued cards. VISA and KFTC cardholders can already withdraw and inquire their account balance from any BDO Network Bank ATM nationwide. The rural bank has over 250 strategically located ATMs in Luzon, Visayas, and Mindanao. BDO Network Bank President J. Antonio S. Itchon said this development can benefit foreigners who frequent major tourist spots where BDO Network Bank is also present. The enhancement of KFTC International Card acceptance, he added, will also benefit Korean nationals visiting and residing in the country. Koreans account for the country’s top foreign arrivals since 2010. In 2018, around 1.62 million Koreans visited the Philippines, b...

BDO Unibank, Inc. cautions against scammers who use SIM cards to deceive and steal their victims’ money. One modus is called SIM Swapping, where scammers disguise as telco agents offering upgraded network connection in exchange for SIM cards.  More prevalent is the SIM Upgrade modus. Scammers purchase 4G SIM cards, register their victims’ mobile number, and fool their victims into giving the One-Time PIN (OTP) needed to own the mobile number. In both modus operandi, scammers take over their victims’ mobile numbers to control their victims’ online bank accounts. BDO urges clients to call BDO Customer Care to deactivate their accounts if they get SMS notifications or emails about suspicious online transactions. How SIM Swapping and SIM Upgrade work Scammers identify then gather their victims’ personal information through phishing or from the internet. They mention personal information such as birth date and mother’s maiden name when they call their vic...