Category: BDO Unibank Inc.

PBSP ties up with BDO for cash management services

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Philippine Business for Social Progress (PBSP), the largest business-led social development organization in the Philippines, recently signed a memorandum of agreement (MoA) with BDO Unibank, Inc. (BDO) for various cash management solutions.
PBSP will use BDO’s Outsourced Check Printing, a web-based disbursement service that eliminates manual check preparation and allows easy reconciliation because reports are available online.

Likewise, PBSP will avail BDO’s payroll service, giving its employees a convenient way of receiving their salaries through BDO’s ATM debit cards and cash cards. An automated teller machine (ATM) will also be situated at PBSP office for employees’ easy accessing of their bank accounts.

Present during the MoA signing ceremonies were PBSP group director for Finance, Human Resources and General Services Maria Lourdes Arroyo, PBSP executive director Rafael C. Lopa, BDO senior vice president and Transaction Banking Group (TBG) head Emmanuel T. Narciso, and BDO vice president and TBG Client Implementation head Angela Veronica M. Dulalia.

SM Posts 14.4% Growth in Recurring Net Income in 2014

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SM Investments Corporation (SM) reported a record net income in 2014 of PHP28.4 billion. Excluding extraordinary items, recurring net income grew 14.4%.

SM’s underlying earnings growth was mainly driven by BDO Unibank, Inc., which posted a core income growth of 18%. Together with China Banking Corporation, banks accounted for 41% of SM’s consolidated net income in 2014. Property contributed 38% and retail 21%.

The record 2014 consolidated net income of PHP28.4 billion compares with PHP27.4 billion in 2013. These include exceptional items such as trading gains from the group’s banking businesses.

Consolidated revenues grew 9% to PHP275.7 billion in 2014 from PHP253.3 billion in 2013. This was the result of a good retail sales environment which also boosted rental revenues in SM’s property business.

The total assets of SM grew 12% in the past year to PHP711.9 billion. SM maintains a very healthy balance sheet with a conservative gearing ratio of 34% net debt to 66% equity.

SM raised PHP15 billion in May 2014 from a public offer of peso-denominated retail bonds with maturities of 7 and 10 years. The SM bonds were rated Aaa by Philippine Rating Services Corporation, the highest rating assigned by the credit rating firm.

In June 2014, SM issued a USD350 million 10-year senior unsecured bond at a fixed rate of 4.875% per annum, a landmark transaction marking the longest-dated USD bond issued by SM and the company’s fourth USD bond issuance since 2009. The issuance earned SM the Region’s Best Borrower Award from Hong Kong publication Finance Asia.

“The group’s strong underlying earnings growth of 14.4% in 2014 was the result of solid performance and ongoing expansion in all our three core businesses. During the year we raised additional capital and entered into several strong partnerships, accelerating our investments for growth and ensuring we expand in line with our continuing optimism about the economic prospects of the Philippines,” SM President Harley T. Sy said.

BDO Unibank, BDO Capital named PH’s best

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ASIAN publication The Asset has named BDO Unibank, Inc. (BDO) the Best Domestic Bank in the Philippines in the recently concluded The Asset Triple A Country Awards 2014 Southeast Asia.

This award from The Asset is a back to back win for BDO, which earlier also received esteemed recognitions from other international publications such as Euromoney, Asiamoney, The Banker, The Asian Banker, Finance Asia and Alpha Southeast Asia, for being the country’s leading bank.

Meanwhile, The Asset awarded the Bank’s investment banking arm, BDO Capital & Investment Corporation (BDO Capital), its 9th consecutive Best Domestic Investment Bank accolade. It was also recognized in the Best Deal category following the citation of Century Pacific Food’s P3.2-billion Initial Public Offering (IPO), in which BDO Capital was among the joint lead underwriters, together with BPI Capital and First Metro Investment Corp.

The Asset Triple A Awards are Asia’s defining recognition for excellence in the industry. This reputation has been built upon the stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A. The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of evaluating industry awards in Asia.

In a related development, The Asset announced that BDO is among the 57 elite companies in Asia that will be honored next month in The Asset Corporate Awards 2014. BDO, along with the other awardees, was selected based on the outstanding financial performance and sound corporate governance practice and investor relations. This is the fifth time that BDO has been included in the list of Platinum Awardees.

BDO Unibank, BDO Capital named PH’s best

PRNEWS Leave a comment

ASIAN publication The Asset has named BDO Unibank, Inc. (BDO) the Best Domestic Bank in the Philippines in the recently concluded The Asset Triple A Country Awards 2014 Southeast Asia.

This award from The Asset is a back to back win for BDO, which earlier also received esteemed recognitions from other international publications such as Euromoney, Asiamoney, The Banker, The Asian Banker, Finance Asia and Alpha Southeast Asia, for being the country’s leading bank.

Meanwhile, The Asset awarded the Bank’s investment banking arm, BDO Capital & Investment Corporation (BDO Capital), its 9th consecutive Best Domestic Investment Bank accolade. It was also recognized in the Best Deal category following the citation of Century Pacific Food’s P3.2-billion Initial Public Offering (IPO), in which BDO Capital was among the joint lead underwriters, together with BPI Capital and First Metro Investment Corp.

The Asset Triple A Awards are Asia’s defining recognition for excellence in the industry. This reputation has been built upon the stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A. The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of evaluating industry awards in Asia.

In a related development, The Asset announced that BDO is among the 57 elite companies in Asia that will be honored next month in The Asset Corporate Awards 2014. BDO, along with the other awardees, was selected based on the outstanding financial performance and sound corporate governance practice and investor relations. This is the fifth time that BDO has been included in the list of Platinum Awardees.

BDO Unibank, BDO Capital named PH’s best

PRNEWS Leave a comment

ASIAN publication The Asset has named BDO Unibank, Inc. (BDO) the Best Domestic Bank in the Philippines in the recently concluded The Asset Triple A Country Awards 2014 Southeast Asia.

This award from The Asset is a back to back win for BDO, which earlier also received esteemed recognitions from other international publications such as Euromoney, Asiamoney, The Banker, The Asian Banker, Finance Asia and Alpha Southeast Asia, for being the country’s leading bank.

Meanwhile, The Asset awarded the Bank’s investment banking arm, BDO Capital & Investment Corporation (BDO Capital), its 9th consecutive Best Domestic Investment Bank accolade. It was also recognized in the Best Deal category following the citation of Century Pacific Food’s P3.2-billion Initial Public Offering (IPO), in which BDO Capital was among the joint lead underwriters, together with BPI Capital and First Metro Investment Corp.

The Asset Triple A Awards are Asia’s defining recognition for excellence in the industry. This reputation has been built upon the stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A. The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of evaluating industry awards in Asia.

In a related development, The Asset announced that BDO is among the 57 elite companies in Asia that will be honored next month in The Asset Corporate Awards 2014. BDO, along with the other awardees, was selected based on the outstanding financial performance and sound corporate governance practice and investor relations. This is the fifth time that BDO has been included in the list of Platinum Awardees.