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The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
The merger was part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine banking industry. It closed on December 27, 2006, with the formation of Banco de Oro Unibank, Inc. The plan was controversial with respect to the fact that a smaller bank could not possibly acquire a larger bank.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)
BDO Unibank Philippines: 11.3 13 Kasikornbank Thailand: 10.8 14 Bank for Investment and Development of Vietnam Vietnam: 8.5 15 Siam Commercial Bank Thailand: 8.3 16 Bangkok Bank Thailand: 7.5 17 Vietinbank Vietnam: 6.2 18 Krung Thai Bank Thailand: 5.9 19 RHB Bank Malaysia: 5.7 20 Hong Leong Bank Malaysia: 5.1 21 Metropolitan Bank and Trust Company
From late November to early December 2021, [1] numerous accountholders of BDO Unibank (Banco de Oro; BDO) lost their money through unauthorized bank transfers.The funds were noted to have been transferred to multiple Unionbank accounts under the name of a certain "Mark Nagoyo".
BDO Unibank is the biggest bank in the Philippines, with its head office in Makati. The SWIFT Code for BDO is BNORPHMM. All BDO branches have the same SWIFT Code. BNOR identifies BDO Unibank; PH is the country code for the Philippines; MM is the code for Metro Manila of which Makati is a part.
Banco San Juan (Acquired by BDO Unibank) Bank of Florida; EastWest Rural Bank, Inc. (A subsidiary of East West Unibank) New Rural Bank of Binalbagan, Inc. One Network Bank (Acquired by BDO Unibank) Rural Bank of Alaminos (Laguna) Rural Bank of Bauang, Inc. Rural Bank of Dolores; Rural Bank of San Pablo; Rural Bank of Tanay; Tiaong Rural Bank, Inc.
The term "Big Four" is not explicitly used in the Philippines. The following are the four largest banks in the country in terms of total assets as of March 2020: [54] Banco de Oro (BDO Unibank) Land Bank of the Philippines (LandBank) Metrobank; Bank of the Philippine Islands (BPI)