BANCO DE ORO

(Redirected from Banco de Oro-EPCI, Inc.)

:''This article is about the bank after the Banco de Oro-Equitable PCI Bank merger. For the bank before the merger, see Banco de Oro Universal Bank.''
'Banco de Oro' (^[1]), formally 'Banco de Oro-EPCI, Inc.' and also known as 'BDO' or 'BDO-EPCI', is a major bank in the Philippines. It is the second-largest bank in the Philippines in terms of assets and is owned by the SM Group of Companies, one of the country's largest conglomerates and owner of the SM chain of malls. The bank is the product of the Banco de Oro-Equitable PCI Bank merger after the boards of both Banco de Oro Universal Bank and Equitable PCI Bank agreed to merge on December 27, 2006.

Contents

Ownership

Competition

Notes

See also

External links

Ownership

★ PCD Nominee Corporation: 51.58% (35.79% foreign, 15.79% Filipino)

★ SM Investments Corporation: 33.10%

★ Shoemart: 3.90%

★ SM Development Corporation: 2.99%

★ United Overseas Bank: 2.33%

★ Primebridge Holdings: 2.09%

★ Others (includes public stock): 4.01%

Competition

BDO's main competitors are major Philippine banks like Metrobank, BPI, Land Bank of the Philippines and Philippine National Bank.

Notes

1. The new Banco de Oro will retain the ticker symbol of the old Banco de Oro. 1.3 billion BDO shares will be issued in exchange for 727 million Equitable PCI Bank shares, which will be de-listed on June 4, 2007.

See also

★ Banco de Oro-Equitable PCI Bank merger

★ Banco de Oro Universal Bank

★ Equitable PCI Bank

★ Expressnet (the BDO ATM network)

★ List of Philippine companies

★ SM Group of Companies

External links

★ Banco de Oro