A beautiful day & outstanding event full of sentimental memories to celebrate a great year with Bloggers’ and management of Consumer Communications & Media Relations of BDO Unibank, Inc. and Communication Services of SM Investments Corporation of the “Blogger’s Year-End Party” that was held last November 29, 2023 at Narra Hall, 34/F BDO Towers Valero, 8741 Paseo de Roxas, Salcedo Village, Makati City.
The bloggers who were cordially invited of the organizers of BDO and SMI are well prepared and have enjoyed in participating all the activities of the Bloggers’ Year-End Party.
Mr. Lionel Lopez-Dee, Consumer Communications & Media Relations Mgr., BDO Unibank, Inc. led the opening prayer to start the program of the BDO SM Holiday Cheer!
For the welcome remarks, Ms. Honey M. Reyes, SAVP for Consumer Communications & Media Relations, BDO Unibank, Inc., delivered a message to welcome the bloggers who participated the campaigns and programs. She also shared the events and programs happened last year 2022 through a video as part of her welcome remarks.
Moreover, the attendees have enjoyed the contest (song, dance & skit), games, raffles, token, giveaways, food and other activities in the event, in deed.
The special messages from Mr. Miguel Mercado and Mr. Owen Cammayo, VP for Communications Services of SM Investments Corporation are important in uplifting the values and support of the bloggers regarding the success and challenges of the campaigns, activities, products and services of BDO & SMI this day & beyond. They’re also thankful of the support of the bloggers, friends and partners with regards of the advocacy & campaigns of BDO & SMI in the community.
The BDO find ways and SM got it all for “Bloggers’ Year-End Party” 2023.
The Philippine banking company, BDO Unibank, Inc. (BDO) was successfully raised Forty-Billion One Hundred Million pesos (P40.1 billion) of fixed rate bonds, or eight (8) times the original offer of Five Billion pesos (P5.0 billion) on strong demand from retail and institutional investors. The one-week offer period ended last January 24, 2020, with issue date set on February 3, 2020.
The bonds have a tenor of 2.5 years with a yield of 4.408 per cent per annum. Interest will be paid quarterly, calculated on a 30/360 count basis.
In fact, the bond issuance was part of BDO’s continuing efforts to diversify its funding sources and support its lending activities, and follows the P35 billion fixed rate of bonds issued in February last year.
The Hong Kong and Shanghai Banking Corporation Limited (“HSBC”) was the Sole Lead Arranger for the issue, while BDO Unibank, Inc., BDO Private Bank, Inc., and HSBC were the Selling Agents.
To give you an idea about a fixed rate bond with regards to finance matters, is a type of debt instrument bond with a fixed coupon (interest) rate. It is a long term debt paper that carries a predetermined interest rate. In addition with, the interest rate is known as coupon rate and interest is payable at specified dates before bond maturity.
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 and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services and stock brokerage services.
BDO has one of the largest distribution networks, with more than 1,400 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 20 overseas remittance and representative offices 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 September 30, 2019. For more information, please visit www.bdo.com.ph.
BDO Unibank, Inc. keeps its #1 position in the local banking industry after The Asian Banker named it 2019’s Strongest Bank by Balance Sheet in the Philippines for the second straight year.
The Asian Banker Strongest Banks by Balance Sheet is “the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the Asia Pacific, Middle East, and Africa regions.” Banks are rated on a scale of 0-5 and ranked based on the following performance indicators: scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity.
The Asian Banker underscored BDO’s healthy balance sheet and profit as well as its low non-performing loan (NPL) ratio and high loan loss reserves to gross NPLs ratio.
BDO recently reported growth in third quarter earnings at P32.1 billion from the previous level of P21.5 billion in the same period last year. The bank attributes its net income to the expansion of its recurring core revenues, complemented by the sustained increase in fee incomes and life insurance premiums. It translates to a Return on Common Equity (ROCE) of 12.5%, compared to 9.5% in 9M18.
While its nine-month net income brings it closer to its full-year earnings guidance of P38.5 billion, the bank remains steadfast in capitalizing on the country’s solid economic pace and growth opportunities in underserved and emerging markets, leveraging its focused growth strategy, strong business franchise, solid balance sheet, and extensive geographic reach.
Strongest Bank in the Philippines. BDO is named by The Asian Banker as 2019’s Strongest Bank by Balance Sheet in the Philippines for the second straight year. BDO’s Walter Wassmer (2nd from left), senior executive vice president and head of institutional banking group, received the award from The Asian Banker’s (from left to right) Foo Boon Ping, managing director; Faith Masekesa, senior research; and Wilson Chia, international resource director on October 10 at the Shangri-La at the Fort.
The Asian Banker evaluates strength “based on a belief that a strong bank demonstrates long-term profitability from its core businesses.” Through its yearly Strongest Banks by Balance Sheet, the Singapore-based publication provides financial intelligence by assessing banks and financial holding companies in emerging and mature markets with a substantial amount of activity in commercial banking.
About BDO Unibank, Inc.
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 and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services, and stock brokerage services.
BDO has one of the largest distribution networks, with more than 1,300 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 21 overseas remittance and representative offices 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 June 30, 2019. For more information, please visit www.bdo.com.ph.
BDO Unibank, Inc. BDO Corporate Center 7899 Makati Avenue Makati City 0726, Philippines Tel +63(2) 8840-7000 www.bdo.com.ph
BDO Unibank, Inc. was named a “worthy captain” of the Philippine banking industry after receiving the prestigious Industry Champion of the Year award during the 2019 Asia Corporate Excellence & Sustainability (ACES) Awards.
The Industry Champion of the Year is presented to companies that “have a distinct competitive edge, set the 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.”
A milestone 1st ACES Award for the multi-awarded bank, BDO was also recognized for its leadership position across different business segments, robust balance sheet, expansive market reach, scope of innovative products and services, and sustainable growth.
The ACES Awards is organized annually by the MORS Group, an organization committed to assisting companies, corporate leaders, and eminent industrialists share a platform to exhibit leadership and sustainability excellence.
Innovation and Reach
Driven by its “We Find Ways” philosophy, BDO leverages its intrinsic understanding of the Filipino to keep innovating its wide range of products and services. This allows the bank to meet its clients’ ever-changing needs.
BDO has the largest distribution network with more than 1,300 branches and over 4,000 ATMs nationwide. To serve those who are unavailable during regular banking hours, it pioneered the implementation of longer banking hours and weekend banking.
Outside the Philippines, the bank has full-service branches in Hong Kong and Singapore as well as 23 remittance and representative offices in Asia, Europe, North America, and the Middle East.
Easy Access and Sustainability
BDO embraces financial technologies to stay within its clients’ reach. It enables easy and 24/7 access to bank accounts and payments through its online and mobile banking channels. A financial inclusion advocate, it partners with local micro-entrepreneurs who are based in remote areas and provides a point-of-sale (POS) terminal that allows cash withdrawals using an ATM card.
The bank also integrates sustainability into its undertakings. In 2017, the bank made history when it issued a $150-million green bond—a first-of-its-kind in the Philippines. The International Finance Corp. (IFC), the private sector arm of the World Bank, was the sole investor in the bond. More recently, BDO hosted the country’s first Global Reporting Initiative (GRI) Sustainability Summit in 2018, which gathered the captains of Philippine businesses to discuss how sustainability can be interwoven with their corporate agenda. The bank also published the maiden issue of its sustainability report.
Captain of the Philippine Banking Industry. BDO was given the Industry Champion of the Year award during the 2019 Asia Corporate Excellence & Sustainability (ACES) Awards. Representing the bank was Luis Reyes Jr. (center), Executive Vice President and Head of Investor Relations and Corporate Planning Group. Reyes received the award from (left to right) Luis Bueno Nieto, Jury of ACES Awards; Shanggari Balakrishnan, CEO of MORS Group; Jayanthi Desan, Jury of ACES Awards; and Hemant Batra, Chairman of ACES Awards.
These strategic efforts propelled the bank to achieve a record year-end income of P32.7 billion and become the first Philippine bank to surpass the P3 trillion mark in total assets at the end of 2018. This year, the bank sustained its growth momentum by posting its half-year earnings of P20.2 billion, and remaining the largest bank in terms of total assets, loans, deposits, and trust funds as of the second quarter.
About BDO Unibank, Inc.
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, credit card services, and stock brokerage services.
BDO has one of the largest distribution networks, with more than 1,300 operating branches and over 4,000 ATMs nationwide. It also has a full-service branches in Hong Kong and Singapore as well as 23 overseas remittance and representative offices 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, 2019. For more information, please visit www.bdo.com.ph.
BDO Unibank, Inc. (BDO)
sustained its momentum as it delivered P20.2
billion in earnings for the first six months of the year on strong recurring
earnings from its core businesses, solid growth in fee income and normalization
of trading & forex gains.
Net interest income
increased by 24% to P56.9 billion as net interest margins (NIMs)
improved to 3.99 per cent from 3.50 per cent last year. Gross customer loans
grew by seven (7) per cent to P2.0 trillion,
as the Bank continued to generate double-digit growth in the consumer and
middle market segments. Meanwhile, total deposits went up by three (3) per cent
to P2.4 trillion, reflective of customers’
shift to higher-yielding fixed income investments, primarily bank-issued bonds.
The Bank’s CASA ratio, however, was maintained at 70 per cent.
Non-interest income was
up 29 per cent to P29.5 billion as fee-based
income and insurance premiums posted double-digit growth. Further, trading and
forex gains normalized to P3.6 billion on
favorable capital market conditions.
Operating expenses grew
by 21 per cent in line with the Bank’s continuing expansion, with 53 domestic branches
and offices opened in the 1H 2019, as well as higher volume-related expenses. Taxes
and licenses and policy reserves at BDO Life increased by 51 per cent. Excluding
volume-related expenses, opex growth would have risen by 14 per cent in line
with the Bank’s investment in branches and business development offices
nationwide.
Provisions amounted to P3.0 billion as the Bank maintained its
conservative credit and provisioning policies. Gross non-performing loan (NPL)
ratio was steady at 1.2 per cent while NPL cover remained high at 163.2 per
cent.
Total capital grew to P350.8 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 Ratio at 14.2 per cent and 12.6 per cent, respectively, higher quarter-on-quarter and remaining comfortably above regulatory requirements.
With expectations of better economic prospects going forward, BDO will continue
to build on its business franchise and extensive distribution network to tap
new growth areas and underserved markets.
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, credit card services, and stock
brokerage services.
BDO has one of the largest distribution networks, with more than 1,300 operating branches and over 4,000 ATMs nationwide. It also has a full-service branches in Hong Kong and Singapore as well as 23 overseas remittance and representative offices 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, 2019. For more information, please visit www.bdo.com.ph.
A boy who succeeds in getting his dream toy, an
enterprising high school student who uses her creativity to earn income, and a
modified version of a well-loved folk song—these are just some of the content
used to teach youngsters the value of saving money and preparing for the
future.
The materials, which come in the form of videos, are part of the training tools developed by BDO Foundation, the Department of Education (DepEd) and Bangko Sentral ng Pilipinas (BSP) to promote financial education among public school students from kindergarten all the way to senior high school.
Gandang Girlie Video – “Ganda ni Girlie,” describes how a high school student’s resourcefulness and creativity help her earn income even in her youth.
“Young
people are into watching videos. We thought it would be best to come up with
financial literacy videos that would not just entice, but more importantly,
educate them,” said BDO Foundation president Mario Deriquito.
He also said the strategy to leverage storytelling and music was meant to provide entertainment while educating children on the very important subject of personal finance.
Savings from her earnings
Savings from her earnings
“The beauty of stories and songs is that they are easy to remember. Kids appreciate the materials better because they can easily imagine being the characters in the stories. This makes the materials so powerful in teaching and inspiring,” Deriquito continued.
Five
financial education videos for students have been released to date. These aim
to catch students’ attention and enable them to learn about the value of money
at the same time.
The said tools, developed by BDO Foundation in partnership with DepEd and BSP, were deployed to public schools nationwide by virtue of DepEd Memo No. 32, series of 2019, signed by DepEd Secretary Leonor Briones.
Finishing touches for her springless notebook business
The
videos include “Walk Hard for the Money,” which tells of an elementary school
boy who chooses to walk to school instead of commuting despite being given
allowance. Along with other money-making efforts, these eventually pay off,
allowing him to buy an electric scooter, which he later rides to school.
Another
video, “Bente Bente,” conveys the same message to young school children
to the tune of “Tong Tong Pakitong-kitong.”
Inspired by the Filipino folk song Magtanim ay Di Biro, “Umutang ay Di Biro” also uses music to tell older students to save their allowance, limit spending and pay debts on time.
Newspaper fund drive from her neighbors & sells it to nearby junkshops
“Ganda
ni Girlie,” meanwhile, describes how a high school student’s
resourcefulness and creativity help her earn income even in her youth.
“Save
to Have a Million: Junior Edition” discusses the right attitudes in handling
money through a game show.
Other than the videos for the students, the financial literacy learning tools also include lesson plans, discussion guides, and financial education videos for teachers and non-teaching personnel.
Ice Candy business during weekends
“It
is very important that the students start the habit of saving while they’re
young,” Deriquito emphasized. “This is our strategy for greater financial
inclusion among Filipinos in the long run.”
A
survey conducted by global financial services firm Standard & Poor’s
revealed that only 25% of Filipino adults are financially literate. This is
lower than the global average of 33%.
“We hope that the videos encourage the students not just to live for the moment, but prepare for their future by saving and spending wisely now,” Deriquito added.
Barbecue Outside her village area with the help of her relatives taking turns in grilling then selling it.
BDO Foundation will be developing more financial
education materials together with DepEd and BSP in the future.
The
foundation also has financial education programs for overseas Filipino workers
and their families, army personnel and their families, and small farmers. Its
programs will further be discussed in a web series on YouTube.
BDO
Foundation is the corporate social responsibility arm of BDO Unibank.
