About BDO: Business Operation
CORPORATE PROFILE
BDO is a full-service universal bank in the Philippines. It provides a complete array of industry-leading products and services including Lending (corporate and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management and Remittances in the Philippines. Through its local subsidiaries, the Bank offers Investment Banking, Private Banking, Leasing and Finance, Rural Banking, Life Insurance, Insurance Brokerage and Stock Brokerage services.
BDO’s institutional strengths and value-added products and services hold the key to its successful business relationships with customers. On the front line, its branches remain at the forefront of setting high standards as a sales and service-oriented, customerfocused force. BDO has the largest distribution network with over 1,300 operating branches and more than 4,000 ATMs nationwide.
Through selective acquisitions and organic growth, BDO has positioned itself for increased balance sheet strength and continuing expansion into new markets. As of 30 June 2019, BDO is the country’s largest bank in terms of consolidated resources,
customer loans, deposits, assets under management and capital, as well as branch and ATM network nationwide.
BDO is a member of the SM Group, one of the country’s largest and most successful conglomerates with businesses spanning retail, mall operations, property development (residential, commercial, resorts/hotel), and financial services. Although part of a conglomerate, BDO’s day-to-day operations are handled by a team of professional managers and bank officers. Further, the Bank has one of the industry’s strongest Board of Directors composed of professionals with extensive experience in various fields that include banking and finance, accounting, law, and business.
Awards and Citations
BDO is a recipient of multiple awards from various local and international award-giving bodies for both institutional and product excellence. A listing of these awards is detailed on the Bank’s website under. “About BDO - Awards and Citations”.
Sustainability
BDO released in April 2019 the maiden issue of its Sustainability Report that outlines the Bank’s economic, environmental, social and governance performance in 2018, as well as demonstrates how the Bank serves as a positive force for progress, opportunity and sustainability in the communities it serves. The Report was prepared in accordance with the Global Reporting Initiative (GRI) Standards.
BDO’s commitment to sustainability is fostered at the Board level. The Bank anchors its sustainable development strategy to the United Nations Sustainable Development Goals (SDGs). The sustainability strategies cover products, sustainability contribution, human capital, disaster response, and governance, in accordance with the Bank’s sustainability philosophy: “We seek to achieve resilience by incorporating sustainability in the way we do business. We aim to embed sustainability principles when making decisions, assessing relationships and creating products.”
The Bank also upholds the 10 Principles of the United Nations Global Compact as follows:
- Corporate governance
- Climate-friendly solutions and opportunities for business
- Access to clean, renewable, and reliable energy sources and services
- The adoption of instruments that help quantify, manage, and report on the carbon footprint of its businesses
- The responsibility to protect the dignity of every person and uphold human rights
- The recognition of the role of women in achieving economic growth and poverty reduction
- The elimination of all forms of forced and compulsory labor, and child labor
For more details on the Bank’s Sustainability initiatives, please refer to section on “Sustainability” under “Corporate Governance” of the Bank’s website. The Report can be accessed through this link.
CORE VALUES
Commitment to Customers
We are committed to deliver products and services that surpass customer expectations in value and every aspect of customer services, while remaining to be prudent and trustworthy stewards of their wealth.
Commitment to a Dynamic and Efficient Organization
We are committed to creating an organization that is flexible, responds, to change and encourages innovation and creativity. We are committed to the process of continuous improvement in everything we do.
Commitment to Employees
We are committed to our employees’ growth and development and we will nurture them in an environment where excellence, integrity, teamwork, professionalism and performance are valued above all else.
Commitment to Shareholders
We are committed to provide our shareholders with superior returns over the long term.
CORPORATE MISSION
To be the preferred bank in every market we serve by consistently providing innovative products and flawless delivery of services, proactively reinventing ourselves to meet market demands, creating shareholders value through superior returns, cultivating in our people a sense of pride and ownership, and striving to be always better than what we are today… tomorrow.
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DOMESTIC AND INTERNATIONAL NETWORK
Click here for the complete list of international offices and partners: Directory of #BDORemit offices, partners and agents (pdf)
CORRESPONDENT BANKS
| Currency | Bank | Swift/BIC |
|---|---|---|
| AUD | Australia and New Zealand Banking Group Limited, Melbourne | ANZB AU 3M |
| CHF | Citibank NA, London | CITI GB 2L |
| EUR | Deutsche Bank AG, Frankfurt am Main | DEUT DE FF |
| EUR | Standard Chartered Bank (Germany) GmbH, Frankfurt am Main | SCBL DE FX |
| GBP | Barclays Bank PLC, London | BARC GB 22 |
| GBP | HSBC Bank plc, London | MIDL GB 22 |
| HKD | Banco de Oro Unibank Inc, Central | BNOR HK HH |
| JPY | Standard Chartered Bank, Tokyo | SCBL JP JT |
| JPY | Wells Fargo Bank NA, Tokyo | PNBP JP JX |
| SGD | Oversea-Chinese Banking Corp Ltd, Singapore | OCBC SG SG |
| USD | Bank of America NA, San Francisco | BOFA US 6S |
| USD | Citibank NA, New York | CITI US 33 |
| USD | Deutsche Bank Trust Company Americas, New York | BKTR US 33 |
| USD | JPMorgan Chase Bank National Association, New York | CHAS US 33 |
| USD | Standard Chartered Bank, New York | SCBL US 33 |
| USD | The Bank of New York Mellon, New York | IRVT US 3N |
| USD | Wells Fargo Bank NA, New York |
PNBP US 3N NYC |