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 providing 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 corporate and consumer, trade financing, and cash management services for corporate and retail customers. The Investment Banking segment gives services to corporate clients outside the traditional loan and deposit products. The Private Banking segment offers traditional and non-traditional investment and structured products to high net worth individuals and institutional accounts. The Leasing and Financing segment involves in the direct leases, sale and leaseback arrangements, and real estate leases. The Insurance segment include 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 2019 | PHP | USD |
| Revenue | 220,062M | 4,249.91M |
| Gross Profit | -- | -- |
| Operating income | 58,604M | 1,131.78M |
| Income before tax | 59,187M | 1,143.03M |
| Net income | 44,194M | 853.48M |
| EBITDA | -- | -- |
| Diluted EPS | 10.01 | 0.19 |
| Dividends Per Share | 1.20 | 0.02 |
| Total Assets | 3,189.54B | 62,978.51M |
| Total liabilities | 2,818.96B | 55,661.17M |
| Total equity | 368,932M | 7,284.66M |
| Operating cash flow | 70,734M | 1,366.03M |
| Currency in PHP | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 103,229M | 123,169M | 146,389M | 177,026M | 220,062M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 31,823M | 33,743M | 37,572M | 42,518M | 58,604M |
| Income before tax | 29,919M | 33,043M | 37,557M | 43,646M | 59,187M |
| Net income | 25,016M | 26,234M | 28,070M | 32,708M | 44,194M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 6.53 | 6.50 | 6.42 | 7.40 | 10.01 |
| Dividends Per Share | 1.14 | 1.14 | 1.20 | 1.20 | 1.20 |
| Total Assets | 2,032.90B | 2,326.43B | 2,668.83B | 3,022.94B | 3,189.54B |
| Total liabilities | 1,833.29B | 2,108.87B | 2,370.49B | 2,694.79B | 2,818.96B |
| Total equity | 198,990M | 216,816M | 297,488M | 327,372M | 368,932M |
| Operating cash flow | 8,206M | 46,181M | 41,947M | 57,229M | 70,734M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 2,267.12M | 2,593.71M | 2,903.70M | 3,360.22M | 4,249.91M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 698.90M | 710.56M | 745.25M | 807.05M | 1,131.78M |
| Income before tax | 657.08M | 695.82M | 744.96M | 828.46M | 1,143.03M |
| Net income | 549.40M | 552.44M | 556.78M | 620.84M | 853.48M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.14 | 0.13 | 0.12 | 0.14 | 0.19 |
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Assets | 43,202.72M | 46,797.68M | 53,462.14M | 57,486.73M | 62,978.51M |
| Total liabilities | 38,960.59M | 42,421.34M | 47,485.77M | 51,246.38M | 55,661.17M |
| Total equity | 4,228.88M | 4,361.39M | 5,959.29M | 6,225.57M | 7,284.66M |
| Operating cash flow | 180.22M | 972.48M | 832.04M | 1,086.29M | 1,366.03M |
Valuation Measures
| Dec 2019 | |
| PER | 15.77 |
| ROA | 1.42% |
| ROE | 12.69% |
| Operating margin | 26.63% |
| Profit margin | 20.08% |
Key executives
- President, Chief Executive Officer & Director: Nestor V. Tan
- Executive VP & Head- Central Operations Group: Joseph A. Gotuaco
- Senior Vice President-Information Technology: Frederic Mark S. Gomez
- Executive Vice President-Comptrollership: Lucy Co Dy
- Chief Compliance Officer: Federico P. Tancongco
Shareholders
- SM Investments Corp. (46.3%)
- Sybase Equity Investment Corp. (5.4%)
- SM Prime Holdings, Inc. (2.0%)
- The Vanguard Group, Inc. (1.6%)
- Norges Bank Investment Management (1.5%)
- BlackRock Fund Advisors (1.1%)
- First State Investments (Hong Kong) Ltd. (0.8%)
- DFC Holdings, Inc. (0.6%)
- Dacon Corp. (0.5%)
- Dimensional Fund Advisors LP (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 Unibank, Inc. (Singapore Branch)
- Bdo Life Assurance Co., Inc.
- Bdo Saudi Arabia, Dr. Mohamed Al-Amri & Co.
- Banco de Oro - Trust Banking Group
- Bdo Nigeria Ltd.
- BDO Unibank, Inc. (United Arab Emirates)
- BDO Unibank, Inc. (Hongkong Branch)
- 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.
- BDO Belgium GIE
- BDO Israel
- BDO Strategic Holdings, Inc.
- BDO Unibank, Inc.
- BDO Remittance (USA), Inc.
- BDO Remittance (Italia) SpA
- BDO Remittance Ltd.
- BDO Singapore
- Rural Bank of San Juan, Inc.
- One Network Bank, Inc.
- Jardine Equitable Finance Corp.
- EBC Strategic Holdings Corp.
- BDO Private Bank, Inc.
- PCIB Properties, Inc.
- BDO Elite Savings Bank, Inc.
- BDO Bulgaria Ltd.
Competitors
- Security Bank Corp. (Philippines)
- Metropolitan Bank & Trust Co.
- China Banking Corp.
- Philippine National Bank
- Rizal Commercial Banking Corporation
- Bank of the Philippine Islands
- Union Bank of the Philippines
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 20 Oct, 2020
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