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Finance

BDO Unibank, Inc.

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 PHPUSD
Revenue220,062M4,249.91M
Gross Profit----
Operating income58,604M1,131.78M
Income before tax59,187M1,143.03M
Net income44,194M853.48M
EBITDA----
Diluted EPS10.010.19
Dividends Per Share1.200.02
Total Assets3,189.54B62,978.51M
Total liabilities2,818.96B55,661.17M
Total equity368,932M7,284.66M
Operating cash flow70,734M1,366.03M
Currency in PHPCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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
PER15.77
ROA1.42%
ROE12.69%
Operating margin26.63%
Profit margin20.08%

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
Last Updated on 20 Oct, 2020

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