Capital Stock

Common Shares
Stock Ticker BDO
ISIN PHY077751022
Exchange Philippine Stock Exchange
Par Value PHP10.00
Outstanding Number of Shares 5,264,126,605
Foreign Ownership up to 40%
Stock Price See PSE website
Preferred Shares
Par Value PHP10.00
Outstanding Number of Shares 618,000,000 (as of December 31, 2022)


  1. Perpetual, voting, non-cumulative, convertible, non-participating, peso-denominated Series A shares;
  2. Convertible to common shares at the option of the holder after five years from the issue date or at the option of BDO Unibank Group at any time after issue date; and
  3. Dividend rate is 6.50% per annum of the par value.
Bank Stock Valuation Indicators
Period End Common
(in PHP mn)
(in mn)
Book Value
per Sharea/
(in PHP)
(in PHP)
Price to
Book Value

(in PHP mn)

31-Mar-2024 522,832 5,268.71 99.23 154.50 1.6 814,016
2023 509,736 5,268.36 96.75 130.50 1.3 687,521
2022 453,152 5,264.13 86.08 105.70 1.2 556,418
2021 417,784 5,262.62 79.39 100.58 1.3 529,332
2020 386,273 5,261.07 73.42 89.00 1.2 468,236
2019 363,782 5,257.64 69.19 131.67 1.9 692,257
2018 322,222 5,248.86 61.39 109.00 1.8 572,125

a/ Data for 2018 to 2021 were adjusted to reflect the 20% stock dividend paid-out on December 29, 2022

Audited Financial Statements for common equity and outstanding common shares at year-end
SEC 17-Q report for common equity and outstanding shares as of March 2023
Philippine Stock Exchange (PSE) for end-of-period share prices
BDO Sponsored ADR Program
Program Information
Type Sponsored Level 1 ADR
ISIN US05537Y30545
Ratio 1 ADR = 10 Ordinary shares
Depositary Bank Deutsche Bank Trust Company Americas

BDO Sponsored Level 1 American Depositary Receipt (ADR) *
* The following does not contain all information that may be important to you. For more complete information, we recommend that you refer to the deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Share terms.

An American Depositary Receipt (ADR) is a negotiable US dollar-denominated certificate representing ownership of shares in a non-US company. Holders of ADRs receive dividends in US dollars and have the right to vote on shareholders’ resolutions, at the Company’s discretion.

The term ADR and ADS (American Depositary Shares) are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors.

In a sponsored Level 1 ADR program, the ADRs are not listed on a US stock exchange, but are traded in the US Over-the-Counter (OTC) market, mainly on the Pink Sheets electronic market.

An ADR ratio is the relationship between the number of ADRs and the number of underlying ordinary shares it represents.

U.S. investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information.

ADR issuers are typically large multinational corporations. Any non-U.S. company seeking to raise capital in the U.S. or increase their base of U.S. investors can issue ADRs.

BDO established this program to provide flexibility for U.S. investors to trade BDO common shares in their time zone and settle their transactions locally. As well, the program intends to tap the pool of U.S. ADR investors, enhance the Bank’s visibility and global presence, and diversify and broaden the Bank’s shareholder base.

The Bank launched its Sponsored Level 1 ADR Program on 18 April 2013.

The Bank appointed Deutsche Bank Trust Company Americas (Deutsche Bank) as the depositary bank for the BDO ADR facility.

As depositary bank, Deutsche Bank performs the following roles for ADR holders, as further detailed in the Deposit Agreement:

  • Records and maintains the register of ADR holders;
  • Acts as the stock transfer agent;
  • Distributes dividends in U.S. dollars;
  • Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting if permitted by the Company and the Depositary Agreement;
  • Issues and cancels BDO Unibank American Depositary Receipts (ADRs)
  • Distributes Company circulars and General Meeting (including Annual General Meeting) documentation

BDO Unibank ADRs are traded in the Pink Sheets Electronic OTC (over the counter) market.
You can refer to the Pink Sheets website.

The ADR ratio is 10:1, i.e., each BDO Unibank ADR represents ten (10) underlying BDO Unibank ordinary shares deposited with the depositary bank, and carry the rights attached to them as detailed in the Depositary Agreement.

Following are the Bank’s ADR details:

  • Structure: Sponsored Level 1 ADR
  • DR/Ticker Symbol: BDOUY
  • CUSIP: 05537Y304
  • DR Exchange: OTC
  • Ratio (ORD:DR) 10:1
  • Depositary: DB (Sponsored)
  • DR ISIN: US05537Y3045
  • ORD ISIN: PHY077751022

Converting ordinary shares into ADRs must be done through a broker investment advisor or through Deutsche Bank Trust Company Americas.

You can contact Deutsche Bank broker services desk on +12122509100 or +442075476500.

A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record.

A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

For those holders who are not registered because their ADSs are held through a ‘Street name’ (nominee account), their nominee will receive Company documents from time to time from Deutsche Bank to distribute to ADR holders. Said holders also need to make arrangements with their nominee if they wish to receive such documents and to be able to exercise their vote through the depositary bank at General Meetings.

If you do not hold ADRs via a broker, bank or nominee, you may write, send an email, or call our transfer agent:

Postal Address: Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Email Address: 
Contact Numbers: Toll-free: +18667060509
Direct Dial: +17189218137

If you are a registered holder, please use the Direct Dividend Deposit Authorization Agreement on AST’s website.

If you have not received or lost your dividend check, please contact Deutsche Bank Shareholder Services through any of the following:

Postal Address: Deutsche Bank Shareholder Services
American Stock Transfer & Trust Co., LLC
59 Maiden Lane
New York, NY 10038
Email Address: 
Contact Numbers: Toll-free: +18667060509
Direct Dial: +17189218137

For dividend and corporate action information, please refer to Dividend History and our Official Disclosures

For ADR holders, you may visit our depositary bank's website.

Alternatively, you may contact:
Deutsche Bank Trust Company Americas Shareholder Services:

Toll-free number: +18667060509
Direct Dial: +17189218137

Information about the Bank is widely available on BDO Unibank’s website:

Investors can request to be included in the distribution list to receive quarterly and annual reports, official disclosures, and press releases by sending an e-mail to Investor Relations:

Trading information is readily available on the Pink Sheets website and our depositary bank’s website.

ADR holders may write, send an email, or call the depositary bank through the following:

Postal Address: Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Email Address: 
Contact Numbers: Toll-free: +18667060509
Direct Dial: +17189218137

ADR brokers and institutional investors may directly contact Deutsche Bank ADR Broker Desk New York or London:

DB Broker Services Desk US Tel: + 1 212 250 9100
DB Broker Services Desk UK Tel: +44 207 547 6500