Finance
BDO Unibank, Inc.
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Company Background
BDO Unibank, the Philippines' largest bank by assets, is a unit SM Investments, the country's biggest conglomerate by market value. BDO is a full-service, universal bank offering an array of services, including corporate and retail banking, treasury, trust, credit cards, corporate cash management, and remittances. Through its subsidiaries, it also offers leasing, investment banking, private banking, bancassurance, insurance brokerage, and stock brokerage services.
The bank operates more than 850 branches and over 2,400 ATMs. BDO also has a branch in Hong Kong and 15 overseas remittance and representative offices in Asia, Europe, North America, and the Middle East.
Formerly known as Acme Savings Bank, which was acquired by the SM Group in 1976, BDO went public in 2002. The bank is chaired by Teresita Sy-Coson, the eldest daughter of SM Group founder Henry Sy. Its CEO, Nestor Tan, held several key positions with Bankers Trust in New York and Barclays in London before joining BDO in 1997.
Business Summary
BDO Unibank, Inc. engages in the provision of commercial banking services. It operates through the following segments: Commercial Banking, Investment Banking, Private Banking, Leasing and Financing, Insurance, and Others. The Commercial Banking segment handles the entire lending, trade financing, and cash management services for corporate and retail customers. The Investment Banking segment offers services to corporate clients outside the traditional loan and deposit products. The Private Banking segment delivers traditional and non-traditional investment and structured products to high-net-worth individuals and institutional accounts. The Leasing and Financing segment is involved in direct leases, sale and leaseback arrangements, and real estate leases. The Insurance segment includes insurance brokerage and life insurance business by providing protection, education, savings, retirement, and estate planning solutions to individual and corporate clients through life insurance products and services. The Others segment focuses on asset management, realty management, remittance, accounting service, credit card service, and computer service. The company was founded on August 16, 1967 and is headquartered in Makati, Philippines.
Financial Highlights
| Dec 2021 | PHP | USD |
| Revenue | 206,233M | 4,183.68M |
| Gross Profit | -- | -- |
| Operating income | 56,255M | 1,141.19M |
| Income before tax | 55,762M | 1,131.19M |
| Net income | 42,791M | 868.06M |
| EBITDA | -- | -- |
| Diluted EPS | 9.66 | 0.19 |
| Dividends Per Share | 1.20 | 0.02 |
| Total Assets | 3,624.38B | 71,076.82M |
| Total liabilities | 3,199.83B | 62,751.13M |
| Total equity | 422,934M | 8,294.04M |
| Operating cash flow | 72,711M | 1,475.02M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 146,389M | 177,026M | 220,062M | 212,241M | 206,233M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 37,572M | 42,518M | 58,604M | 46,668M | 56,255M |
| Income before tax | 37,557M | 43,646M | 59,187M | 46,030M | 55,762M |
| Net income | 28,070M | 32,708M | 44,194M | 28,246M | 42,791M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 6.42 | 7.40 | 10.01 | 6.36 | 9.66 |
| Dividends Per Share | 1.20 | 1.20 | 1.20 | 1.20 | 1.20 |
| Total Assets | 2,668.83B | 3,022.94B | 3,189.54B | 3,375.46B | 3,624.38B |
| Total liabilities | 2,370.49B | 2,694.79B | 2,818.96B | 2,982.44B | 3,199.83B |
| Total equity | 297,488M | 327,372M | 368,932M | 391,423M | 422,934M |
| Operating cash flow | 41,947M | 57,229M | 70,734M | 57,480M | 72,711M |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 2,903.70M | 3,360.22M | 4,249.91M | 4,279.00M | 4,183.68M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 745.25M | 807.05M | 1,131.78M | 940.87M | 1,141.19M |
| Income before tax | 744.96M | 828.46M | 1,143.03M | 928.01M | 1,131.19M |
| Net income | 556.78M | 620.84M | 853.48M | 569.47M | 868.06M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.12 | 0.14 | 0.19 | 0.12 | 0.19 |
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Assets | 53,462.14M | 57,486.73M | 62,978.51M | 70,287.71M | 71,076.82M |
| Total liabilities | 47,485.77M | 51,246.38M | 55,661.17M | 62,103.78M | 62,751.13M |
| Total equity | 5,959.29M | 6,225.57M | 7,284.66M | 8,150.65M | 8,294.04M |
| Operating cash flow | 832.04M | 1,086.29M | 1,366.03M | 1,158.85M | 1,475.02M |
Valuation Measures
| Dec 2021 | |
| PER | 12.46 |
| ROA | 1.22% |
| ROE | 10.50% |
| Operating margin | 27.27% |
| Profit margin | 20.74% |
Key executives
- President, Chief Executive Officer & Director: Nestor V. Tan
- Senior EVP & Head-Central Operations Group: Joseph Albert Lim Gotuaco
- Senior VP & Head-Information Technology Group: Frederic Mark Suaco Gomez
- Chief Compliance Officer & Senior Vice President: Federico P. Tancongco
- Senior Executive VP & Head-Branch Banking Group: Jaime C. Yu
Shareholders
- SM Investments Corp. (47.8%)
- Sybase Equity Investment Corp. (5.4%)
- SM Prime Holdings, Inc. (2.0%)
- The Vanguard Group, Inc. (1.4%)
- First Sentier Investors (Hong Kong) Ltd. (1.1%)
- BlackRock Fund Advisors (0.9%)
- First Sentier Investors (UK) IM Ltd. (0.8%)
- Invesco Advisers, Inc. (0.7%)
- DFC Holdings, Inc. (0.6%)
- BAMCO, Inc. (0.5%)
Contact Details
- Website:http://www.bdo.com.ph
- Address: BDO Corporate Center, 7899 Makati Avenue, Makati City, 0726, Philippines
- Phone: +63.28.840.7000
Related Companies
- BDO Remit International Holdings BV
- BDO Network Bank, Inc.
- BDO Unibank, Inc. (Singapore Branch)
- BDO Life Assurance Co., Inc.
- Bdo Saudi Arabia, Dr. Mohamed Al-Amri & Co.
- BDO Remit (USA), Inc.
- BDO Remit (Japan) Ltd.
- BDO Remit (Canada) Ltd.
- Banco de Oro - Trust Banking Group
- Bdo Nigeria Ltd.
- BDO Unibank, Inc. (United Arab Emirates)
- BDO Unibank, Inc. (Hongkong Branch)
- BDO Insurance Brokers, Inc.
- BDO Assurance Holdings Corp.
- Real Bank (A Thrift Bank), Inc. /Banking Business/
- Banco De Oro Savings Bank, Inc.
- Deutsche Bank AG /Philippines/ /Trust Business/
- BDORO Europe Ltd.
- Express Padala (Hong Kong) Ltd.
- BDO Remit (Macau) Ltd.
- Taal Land, Inc.
- BDO Belgium GIE
- BDO Israel
- Equimark-NFC Development Corp.
- BDO Strategic Holdings, Inc.
- BDO Unibank, Inc.
- BDO Remittance (USA), Inc.
- BDO Remittance (Italia) SpA
- BDO Remittance Ltd.
- BDO Singapore
Competitors
- National Bank of Greece S.A.
- First Financial Holding Co. Ltd.
- Metropolitan Bank & Trust Co.
- Hachijuni Bank, Ltd.
- China Banking Corp.
- Turkiye Halk Bankasi Anonim Sirketi
- Philippine National Bank
- Rizal Commercial Banking Corporation
- Security Bank Corp. (Philippines)
- Bank of the Philippine Islands
- China Cinda Asset Management Co., Ltd. Class H
- Union Bank of the Philippines
- Banco Comercial Portugues S.A.
- Zions Bancorporation, N.A.
- OTP Bank Nyrt
- LBC Express Holdings, Inc.
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