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Tag: BDO

  • Fourth mall in Bulacan by SM Prime

    Fourth mall in Bulacan by SM Prime

    SM Prime Holdings has continued its expansion in northern Luzon with its latest mall, SM Center Pulilan, in Bulacan.

    Its 66th mall in the Philippines, it adds 27,000sqm in gross floor area (GFA), taking SM Prime’s total GFA to 8 million sqm.

    Opening with 80 per cent occupancy, SM Center Pulilan offers three levels of retail and dining including such brands such as Ace Hardware, BDO, Miniso, Simply Shoes, SM Appliance, SM Hypermarket, Surplus and Watsons.

    It joins the group’s first three malls in Bulacan – SM City Marilao, SM City Baliwag and SM City San Jose Del Monte.

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  • BDO JCB Platinum Credit Card Launch

    BDO JCB Platinum Credit Card Launch

    CB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., (referred to below as “JCB”) announced the launch of the first JCB Platinum Credit Card in the Philippines issued by BDO Unibank, Inc. (BDO), the largest bank in the country.

    The new high-end credit card was formally unveiled at an exclusive gathering attended by BDO and JCBI executives, and members of the press at UMU Restaurant, Dusit Thani Manila.

    “The BDO JCB Platinum Credit Card offers a full suite of premier services, exclusive privileges and benefits custom-made for the discerning lifestyle and sophisticated taste of our elite cardholders. A must-have for travellers, especially those who frequently visit Japan,” says Ms. Ma. Nannette R. Regala, BDO Senior Vice President and Consumer Lending Group Marketing Head.

    BDO worked closely with various well-known Japanese brands and establishments to create a platinum-grade program tailored fit to the needs and wants of the card’s target clientele. While JCB, Japan’s only international payment brand, leveraged on long established partnerships to provide a wide range of exclusive offers especially in Japan as well as overseas for JCB Cardholders to further strengthen the value proposition of BDO JCB Platinum Credit Card.

    According to Mr. Yuichiro Kadowaki, Senior Vice President of JCBI, “Combining BDO’s expertise in customer relationships and dynamic local operations with JCB’s global acceptance network, we can expect a synergistic effect that will offer both BDO and JCB the opportunity to further expand the credit card market in the Philippines. With over 55 years of experience in the credit card industry, as well as growing business and customer networking in Asia, we at JCB are striving to deliver even higher quality services to our cardholders in the Philippines.”

    Apart from exclusive services in Japan, BDO JCB Platinum Credit Cardholders can also take advantage of the following privileges:

    – Complimentary access to select VIP airport lounges
    – Special rates for Airport Meeting Service
    – Up to Php20M Travel Insurance Coverage
    – 24/365 Platinum Concierge Desk for restaurant and golf course reservations, sightseeing, entertainment and support for credit card-related emergencies.

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  • First J/Speedy Card in the ASEAN Region to be issued by BDO

    First J/Speedy Card in the ASEAN Region to be issued by BDO

    JCB International, the international operations subsidiary of JCB, announced the launch of the J/Speedy JCB card in the Philippines with BDO Unibank (BDO), the largest bank in the Philippines in terms of consolidated resources, customer loans, deposits, assets under management and capital, as well as branch and ATM network nationwide. Card issuance has started this month, for the first J/Speedy JCB card to be launched in the ASEAN region. J/Speedy, JCB’s EMVCo compliant contactless scheme, provides a convenient and easy payment solution to valued customers of BDO.

    JCB brand cards are currently issued in 23 countries and territories with over 100 million cardmembers around the globe. BDO has cooperated with JCB for JCB card acceptance at BDO merchants from 1998 and started issuing JCB card in the Philippines in the same year. The launch of this new product, entering the contactless payment market, is the next step for the partnership between BDO and JCBI. BDO will also start acceptance of J/Speedy JCB card from July 2017 at BDO merchants.

    Mikihisa Asano, Country Manager of JCBI Philippines, said, “We are very excited and appreciative of BDO’s launching the new contactless card. Together, we will aggressively expand and grow our business in this country. In fact, BDO and JCB will soon launch another card product in the market, which is a response to the increased competition of credit cards in the Philippines”.

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  • Nomura Goes Live with BDO Unibank Trading Platform

    Nomura Goes Live with BDO Unibank Trading Platform

    Nomura Holdings and Philippine bank BDO Unibank, the country’s largest bank, have announced that their joint venture, BDO Nomura Securities, has officially commenced operations.

    Offering online trading services for stocks listed on the Philippine Stock Exchange (PSE), BDO Nomura has been set up to provide investors in-depth market research, quick execution time and competitive rates. Additionally, the platform offers ease of use through simple and paperless online application and fund transfers through the customer’s BDO Deposit Accounts.

    The joint venture with BDO is Nomura’s second retail operation in the region, following a successful one in Thailand, and is in line with Nomura’s strategy to develop local retail brokerage businesses in Southeast Asia. BDO owns 51 percent of the joint venture company, while Nomura holds 49 percent.

    Philippines Richest

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services and has one of the largest distribution networks, with more than 1,000 operating branches nationwide.

    The bank is owned by retail and banking magnate Henry Sy, who according to Forbes is the richest man in the Philippines.

    The securities dealer and broker with a seat in the PSE is headed by Koichi Katakawa.

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  • BDO firms up tie-up with Japanese banks

    BDO firms up tie-up with Japanese banks

    BDO Unibank, Inc. (BDO) and FIDEA Holdings Co., Ltd. (FIDEA Group) further strengthened their business relationship through a memorandum of understanding (MoU) that will allow BDO to provide support to FIDEA’s clients who plan to invest in the Philippines.

    FIDEA is a joint holding company between major Japanese regional banks The Shonai Bank, Ltd. (Yamagata prefecture) and The Hokuto Bank, Ltd. (Akita prefecture).

    Both banks have partnered with BDO Unibank under the Japan Bank for International Cooperation (JBIC) framework in 2013. Said framework was developed to support the banking needs of Japanese enterprises eyeing the country as a business destination.

    The partnership with the FIDEA Group will provide BDO Unibank adequate coverage in Japan’s northern region (Tohoku), specifically in Akita, Yamagata, and Miyagi prefectures where majority of the primary industries (agriculture, fishing, forestry, mining) are located.

    As a leading player in the local banking sector, BDO Unibank can provide the Japanese clients financial and non-financial advisory services, and other products and services that would be helpful to them should they decide to set up shop in the Philippines.

    Since 2007, BDO has established a fully staffed Japan Desk, with Japanese-speaking personnel, dedicated to market and service Japanese companies operating in the Philippines, and service the retail needs of Japanese customers.

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  • Philippines’ BDO sets up first GCC branch

    Philippines’ BDO sets up first GCC branch

    Manila-headquartered BDO Unibank, the largest bank in the Philippines, has become the first Filipino bank to set up an office in the Gulf Cooperation Council (GCC) where it will operate within the premises of the UAE’s Dubai International Financial Center, a financial free zone and one of the largest financial hubs in the Middle East.

    The establishment of a GCC office is a reaction to the growing number of Philippine expats in the region and their banking needs, Nestor Tan, president and CEO of BDO Unibank, explained. Filipinos form one of the largest expat communities in the GCC, with an estimated 700,000 of them living and working in the UAE. More than 1.2mn are said to stay in Saudi Arabia and over 200,000 in Qatar, and all are the source of significant money flows back to the Philippines.

    “Setting up a representative office in the Dubai International Financial Center was driven by our objective to further widen our overseas network to provide support to Overseas Filipino Workers (OFWs) and residents,” Tan said, adding that “the expansion into Dubai will boost our capability to service the needs of our countrymen in the entire Middle East and, hopefully, make the bank a catalyst for the progress of financial inclusion of the expatriates in the Philippines.”
    The new branch comes on top of several partnerships BDO Unibank already has in the Gulf. It struck a deal with Emirates NBD in January this year to provide quick money transfer services to the Philippines. It also cooperates with UAE Exchange, Al Ansari Exchange and Al Ghurair Exchange for remittance services, as well as with Gulf Exchange in Qatar and other banks and financial service providers in Saudi Arabia, Oman, Kuwait, Bahrain and Jordan.

    OFWs are the third largest source for remittances globally, with $28bn sent back home in 2014, only being topped by Indians and Chinese who sent home the biggest chunk at $70bn and $64bn, respectively. With regards to Filipino remittances, estimates are that more than half of total remittances to the Philippines are originating from the GCC, making it a huge business for regional money remittance services.

    The new branch in Dubai, however, aims at widening the scope of banking services on offer for Filipinos, Tan indicated, as well as at extending the reach of BDO Unibank’s portfolio within GCC countries as the bank also wants to address possible Philippine expat and Middle East investors and provide more sophisticated financial services than just remittances. The bank offers a variety of corporate, commercial and retail banking services, including traditional loan and deposit products. This is in addition to treasury, trust banking, private banking, wealth and cash management, leasing and finance, insurance, retail cash cards and credit card services.

    BDO Unibank – its full name is Banco de Oro Universal Bank – was founded in 1968 as a small savings bank in Manila and became a universal bank only in 1996. Today, it has over 870 branches in the Philippines and one other foreign branch in Hong Kong. It is one of the many banks owned by Chinese-Filipino businessmen in the Philippines, namely tycoon Henry Sy – listed by Forbes Magazine as the richest man in the Philippines – through his conglomerate SM Group of Companies, one of the country’s largest business groups with activities spanning from retail, mall operations and property development to financial services.

    Since 2001, the bank grew through remarkable mergers and acquisitions, among them the Philippine operations of Banco Santander, Citibank, UOB, Deutsche Bank and GE Money. In March 2008, it was listed on the Philippine Stock Exchange. Its main competitors on the home soil are Metrobank, owned by Chinese-Filipino business tycoon George Ty, and Bank of the Philippine Islands (BPI), the oldest bank in the Philippines and a subsidiary of Ayala Corp, the country’s largest business conglomerate majority-owned by the influential Ayala family, which is of Spanish descent.

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