Banco de Oro

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Banco de Oro-EPCI, Inc.
Type Public (PSE: BDO)
Founded Manila, Philippines (2006)
Headquarters Mandaluyong City, Philippines
Key people Teresita T. Sy, Chairwoman
Nestor V. Tan, President and CEO
Industry Finance and Insurance
Products Financial Services
Net income P3.18 billion PHP (25%) (1H 2007) [1]
Employees 4,048
Slogan We find ways
Website www.bdo.com.ph
This article is about the bank after the Banco de Oro-Equitable PCI Bank merger. For the bank before the merger, see Banco de Oro Universal Bank.

Banco de Oro (PSE: BDO[1]), formally Banco de Oro-EPCI, Inc. and also known as BDO or BDO-EPCI, is a major bank in the Philippines. It is the second-largest bank in the Philippines in terms of assets and is owned by the SM Group of Companies, one of the country's largest conglomerates and owner of the SM chain of malls. The bank is the product of the Banco de Oro-Equitable PCI Bank merger after the boards of both Banco de Oro Universal Bank and Equitable PCI Bank agreed to merge on December 27, 2006.

Contents

BDO's main competitors are major Philippine banks like Metrobank, BPI, Land Bank of the Philippines and Philippine National Bank.

  1. ^ The new Banco de Oro will retain the ticker symbol of the old Banco de Oro. 1.3 billion BDO shares will be issued in exchange for 727 million Equitable PCI Bank shares, which will be de-listed on June 4, 2007.

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