BDO Partners with Japan’s Hyakujushi Bank

BDO Unibank Inc. (BDO) signed a business alliance agreement through a memorandum of understanding (MOU) with The Hyakujushi Bank Ltd. (HBL), a leading regional bank based in Kagawa Prefecture.  With 132 branches including satellite offices and commercial banking services, HBL is the 16^th Japanese bank which has partnered with BDO. 

 

BDO Unibank wins the Best Cash Management Solution in the Philippines award at Alpha Southeast Asia’s16th Annual Best Deal and Solution Awards 2022

BDO Wins Best Cash Management Solution in the PH

In Photo (From Left to Right): Atty. Federico Tancongco, BDO Unibank’s Senior Vice President and Chief Compliance Officer received BDO’s Platinum Award for Excellence in Environmental, Social and Governance (ESG) and Best Sustainability Bond for Financial Institution in the Philippines at The Asset Triple A Country Awards for Sustainable Finance in Hong Kong.  With him was Eduardo V. Francisco, BDO Capital’s President who accepted BDO Capital’s awards for Best Corporate and Institutional Adviser, Best Equity Adviser, Best Loan Adviser, Best IPO for Citicore Energy REIT Corporation and Best Transition Bond for SMC Global Power Holdings Corp. 

BDO Wins Platinum at The Asset ESG Corporate Awards for the 13th Consecutive Year

 

BDO Unibank Inc. (BDO) received a Platinum Award for Excellence in Environmental, Social and Governance (ESG) for the 13^th straight year at The Asset 2022 Awards in Hong Kong.  The Asset ESG Corporate Awards through leading research house Asset Benchmark Research is the longest-running ESG awards in Asia.

BDO, ZCME, Galerie Joaquin salute women with art exhibition

 

EMPOWERING FILIPINA ARTISTS. “Women Rise” art exhibit was opened last March 9, 2023 in Plant Mall. The ribbon cutting ceremony was led by Her Excellency MaryKay Carlson, US Ambassador to the Philippines (6th from left, in green); Chairperson of Ways and Means Committee and Past President of ZCME Maritess Pineda (7th from left, in red); SM Hotels and Conventions Corp. President & Chairperson Elizabeth Sy (3rd from left, in brown); and BDO Private Bank President Albert Yeo (5th from left), together with artists and members of ZCME and Galerie Joaquin.

Isabela Biomass Energy Corporation’s biomass plant generates power day and night

BDO Champions Renewable Energy Financing

BDO Unibank Inc. (BDO) reaffirms its commitment to sustainable development as it continues to support the growth and expansion of clients’ renewable energy projects which the Bank considers as a priority sector in financing. 

TradeTalks Tutorial on Trending Patterns

 

Technically speaking, trend is your friend 

For an investment instrument as volatile as stocks, is it still possible to predict how stock prices will move at a given time?

Veteran market pundits say this is very much in play, stressing that there is science behind the controlled chaos that is the stock market.

During the TradeTalks Tutorial Series hosted by BDO Securities on the basics of technical analysis and understanding market trends titled "Trending Patterns", BDO Securities Chief Operating Officer, Bernhard Tsai, said market prices form patterns that create trends, and people almost always tend to react the same way when they see the patterns that had similarly formed in the past.

Ang BDO Network Bank ay isang financial institution na may mga produkto at serbisyo na tumutulong sa mga teachers at micro and small entrepreneurs (MSME) na matugunan ang kanilang mga pangangailangan at suportahan ang mga negosyong nasimulan. 

 

Pangakong BDO Network Bank: Sama-sama tayo

MAY pag-asa pa bang makabangon ang mga maliit na negosyo sa gitna ng nararanasang pandemya? Ang simpleng sagot ay oo. 

Isa ang BDO Network Bank (BDONB) sa mga financial institutions na tumutulong sa mga tinatawag na micro and small entrepreneurs (MSME) na makabangon muli at maipagpatuloy ang negosyong nasimulan. 

Sa pamamagitan ng MSME Loan ng BDONB, mabibigyan ng dagdag puhunan ang mga maliit na negosyo, na may kaakibat na magaan na singil sa pagbabayad nito.  

“Nais namin bigyang atensyon ang mga maliit na negosyante at makitang lumago muli ang kanilang negosyo. Ang pag-unlad ng mga MSMEs ay malaking tulong sa ekonomiya ng bansa,” paliwanag ni Jesus Antonio S. Itchon, president ng BDONB. 

Bukod sa mga MSMEs, may financial solution din ang BDONB para sa mga guro sa pamamagitan ng produkto nitong Salary Loan. Ayon kay Itchon, maraming natutuwa katulad ng isang guro mula sa Mindanao ay pinuntahan ng isang BDONB account officer sa kanilang lugar upang makapag-apply ng kinakailangang halaga. Hindi na kinailangan ng guro na bumyahe at pumunta sa bangko dahil dito.

“Una sa aming listahan ang maging ka-partner sa pag asenso ng kabuhayan at masuportahan ang financial needs ng ating komunidad. Kaya naman patuloy ang pagbubukas ng mga BDONB branches at loan offices sa buong Pilipinas para suportahan ang pangangailangan ng mga customers at upang makasabay sila sa unti-unting pagbangon ng ekonomiya,” dagdag ni Itchon.

Ang BDONB ay ang rural bank subsidiary ng BDO Unibank. Ang linyang “Sama-sama Tayo” ang pangakong pinatutupad ng BDONB sa lahat ng mga customers sa tulong ng mga produkto at serbisyo nito. 

Para malaman kung anong financial solution ang nababagay sa iyong pangangailangan, bisitahin lang ang BDO Network Bank PH Facebook page (https://www.facebook.com/BDONetworkBankPH), BDONB website (www.bdonetworkbank.com.ph), o  pumunta sa pinakamalapit na BDONB branch.

BDO Junior Savers, ang tunay na pamana sa kinabukasan

 BDO Junior Savers, Ang Tunay na Pamana sa Kinabukasan

“Bata-bata, ano ba ang pwede mong magawa”? ISANG sikat na Tagalog song ang siguradong tumatak sa mga magulang noong dekada 80 at ito ay may lyrics na “Batang-bata ka pa at marami ka pang kailangan malaman at intindihin sa mundo, yan ang totoo.”

Tama nga naman. At sino pa ba ang unang teacher na maituturing ng mga bata kungdi ang kanilang mga magulang. Narito ang ilang tips para sa mga magulang na gustong turuan ang kanilang mga anak na pahalagahan ang pera habang sila ay bata pa:

Bago makuha ang isang bagay, dapat itong paghandaan at pag-ipunan. Habang bata pa lang, dapat ng matutunan ng mga mga anak na ang pera ay kinikita at pinaghihirapan. Kapag may mga bagay silang gustong ipabili, halimbawa ay isang laruan, sa halip na sabihing “Anak, wala tayong perang pambili,” gawin mas positibo ang strategy at paaalalahanan ang mga anak na ang “needs at wants” ay kailangang pagtrabahuhan at pag-ipunan.  

Kahit bata ay pwedeng magnegosyo o mag-invest. Usung-uso ngayon ang online selling at kahit mga bata ay na-e-enganyong sumali dito.  May mga nagbebenta ng pagkain, candies, stationaries, damit, accessories, at marami pang iba.  Kasama ang inyong mga anak, maaari ninyong pag-usapan ang pagsisimula ng isang maliit na negosyo tulad ng isang online store at magbenta ng mga pre-loved items tulad ng toys at books. Kung investment naman pag-uusapan, simple lang muna ang iyong ituro at mag research online para sa dagdag na impormasyon.

Kailangan ba o Gusto lang? Importanteng matutunan ng mga bata kung papaano mag-budget. Kailangan nilang malaman at maintindihan na ang mga basic needs tulad ng pagkain, regular na bayarin, school supplies, atbp ay mas importante kaysa mga laruan at iba pang material na bagay.

Ipon-ipon Para sa Kinabukasan. Ituro sa mga anak na importante ang pagkakaroon ng ipon para suportahan ang mga kailangan sa future. Upang mas lalo nilang maintindihan, mas makatutulong kung magbibigay ng mga simpleng halimbawa ang mga magulang kung saan mas makaka-relate sila.

Makakatulong ang BDO sa pagsisimula ng mga bata na mag-ipon sa pamamagitan ng BDO Junior Savers account. Ito ay savings account na dinisenyo para sa mga kabataan, affordable lamang ang initial deposit at may low maintaining balance. Napakadaling mag-open ng BDO Junior Savers accountat ito ay available sa lahat ng BDO Branches nationwide.

Kapag mayroon ng BDO Junior Savers account, maaaring tulungan ng mga magulang na palakihin ang kanilang ipon gamit ang sariling BDO Digital Banking account. Sa pamamagitan ng Junior Savers Plan, regular na makakapag-deposit ng pera mula sa BDO Savings account papunta sa Junior Savers account ng mga anak.

 

For more info, visit BDO Junior Savers Account now!

BDO posts P28.2 billion income in 2020 Earns P10.4 billion in 1Q21

 BDO posts P28.2 billion income in 2020 Earns P10.4 billion in 1Q21 

In the Bank’s Annual Stockholders’ Meeting held today virtually, BDO Unibank, Inc. (BDO) President Nestor V. Tan reported the Bank’s full year 2020 and first quarter 2021 results at P28.2 billion and P10.4 billion, respectively, on the back of the Bank’s resilient business franchise despite the continuing challenges brought by the COVID-19 pandemic.  

BDO demonstrated operational resilience and grew its balance sheet amid the difficult operating environment in 2020. Net income was lower vs. 2019, mainly due to pre-emptive provisions of P30.2 billion set aside against potential pandemic-induced delinquencies. However, the Bank’s pre-provisioning operating profit remained solid with 17 per cent Year-on-Year (YoY) growth over 2019.  

For the first three (3) months of 2021, net income was at P10.4 billion up by 19 per cent from a year-ago on the robust performance from service fee businesses that compensated for the weak demand for loans. 

Loans dipped by one (1) per cent YoY to P2.2 trillion, while total deposits went up by two (2) per cent to P2.6 trillion, underpinned by the 11 per cent rise in CASA deposits, with the CASA ratio hitting a record 83 per cent. 

Non-interest income recovered driven by the strong performance of wealth management and life insurance businesses, as well as the normalization of trading and forex gains. Operating expenses were relatively flat compared to last year. 

The Bank set aside an additional P2.9 billion in provisions even as the 1Q21 NPL ratio of 2.81% remained within expectations, and is still below the three (3) per cent NPL ratio projected for end-2020. NPL coverage is now at 107.1 per cent, more than adequate to cover for potential losses. 

The Bank’s capital base strengthened to P400.9 billion with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) at 14.7 per cent and 13.6 per cent, respectively, both comfortably above regulatory levels and deemed sufficient to withstand near-term shocks. The Bank’s Book Value per common share stood at P89.89, up 7.8 per cent from year-ago levels.

BDO remains resilient in the face of the continuing challenges of the health crisis and will continue to strengthen its business franchise and invest in its digital infrastructure with the ongoing implementation of the Bank’s strategic programs. 

Happy Earth Day: 

BDO’s sustainable investments follow global trend, still robust amid COVID-19

BDO Unibank’s foray into sustainable investments continues to pay dividends even amid the pandemic, following the global trend of strong growth in environmental, social and governance (ESG)-themed investments. 

SUSTAINABLE ENERGY.
A 54-megawatt wind farm in Pililla, Rizal with 27 turbines generates clean energy and is also a spectacle among local tourists. This is one of the many sustainable energy projects BDO Unibank, through its investment banking arm BDO Capital & Investment Corp., has funded along with other local commercial banks.

Economic pundits observed that COVID-19 has only strengthened the importance of ESG as investors look for more resilient investments amidst economic uncertainties brought about by the pandemic.

Globally, assets under management (AUM) anchored on sustainable investments jumped 29% in the fourth quarter of 2020 to $1.7 trillion.

Domestically, BDO’s ESG Unit Investment Trust Fund (ESG UITF)—the first of its kind in the Philippines—posted returns of 13.95% and 19.90% in the last six and three months, respectively, leading to end-December 2020.

As of end-2020, the value of the AUM of this instrument grew 79% to PhP99.4 million from P55.5 million in 2016. 

From Php55.5 million in 2016, the AUM of BDO ESG UITF have grown steadily to Php60.1 million in 2017, Php66.6 million in 2018, Php75.2 million in 2019, and Php99.4 million in 2020.

The BDO ESG UITF followed a similar higher return performance shown by ESG funds globally, proving the importance of sustainable business practices. 

“While the Fund is still small, it has the potential to grow in size and importance as more investors are consciously looking for companies that protect the environment, are socially responsible, and practice good governance in a sustainable manner,” BDO said.

The BDO ESG UITF allows investors to see value in socially responsible companies as an investment destination for their funds, and to invest in one fund that covers several companies, instead of investing separately in every local company that they believe creates a positive contribution to society. 

“Its importance is further heightened during this time of the pandemic, as sustainable investment amplifies the Bank's resiliency to unforeseen global or local crises” the Bank added.

 BDO and American Express support local businesses

BDO and American Express Support Local Businesses Bringing Shop Small to the Philippines for the First Time Manila, Philippines, 08 April 2021 – BDO and its partner American Express, are coming together to support local businesses; those hit hardest by the pandemic. Through this partnership, American Express is bringing its global Shop Small movement to the Philippines. 

To encourage shoppers to show their love for local businesses, BDO and American Express are launching a special Shop Small offer of 5x Rewards* for purchases made at participating Shop Small merchants using BDO-issued American Express Cards from March 15 to June 30, 2021. 

With over 1,000 merchant locations, ranging from retail shops, restaurants and specialty stores, reward points earned can be used to redeem a reward of choice from a selection of gift certificates, gadgets, appliance, air miles and more. 

“Together with BDO, we are bringing Shop Small to the Philippines to lend our support to local businesses. They are such an important part of our lives, and they have been particularly affected by the pandemic,” said Sanjiv Malhotra, Vice President and General Manager, Global Network Services, South East Asia and South Pacific, American Express. “We want to play our part to support them and we hope our Shop Small movement encourages everyone to support their local businesses.”

Started in 2010 in the United States, American Express’ Shop Small is a movement to celebrate the contributions local businesses make to their communities and the economy, and to encourage shoppers to support them. Since then, it has been introduced in countries around the world including Singapore, Australia, the UK, India and Japan. 

“Shop Small is one of the ways we can support local businesses in the country,” said Ma. Nannette R. Regala, BDO Senior Vice President and Consumer Banking Marketing Head. “With this initiative, we’re encouraging Filipino shoppers to do their share and help small and medium enterprises bounce back. Every spend can help make a difference.” 

To learn more about the Shop Small movement and view the complete list of partner merchants, visit americanexpress.com.ph/shopsmall

 

Communications Excellence
IABC Philippines recognized BDO Unibank during Arise: The 18th Philippine Quill Awards, which honor exemplary communication research, programs, skills, and creative work. The bank received Awards of Excellence and Merit for its effective communication campaign, media and influencer engagement, and financial advocacy videos.

BDO wins Philippine Quill Awards for effective communications

BDO Unibank’s efforts to keep its clients and the general public informed have been recognized with six Excellence and Merit awards at the recently held “Arise: The 18th Philippine Quill Awards”, which “honor exemplary communication research, programs, skills, and creative work.”

The Quill Awards was organized by the Philippine office of the International Association of Business Communicators (IABC), a global membership association whose members represent various communications discipline including public relations, media relations, corporate communications, public affairs, government relations, community relations, to name a few.

BDO received an Excellence Award in the Social Media Programs category for engaging with TikTokers, an emerging set of online influencers, to start conversations about its BDO Remit videos on the social media platform as well as help bring joy to overseas Filipinos and their beneficiaries at home.

The BDO Remit videos starring endorser Piolo Pascual were launched last year. To bring them closer to customers, the bank partnered with Star Magic’s Rise Artists Studio to have Piolo guest on its “We Rise Together” online show, and get support from its online influencer network. This strategy gave BDO an Excellence Award in the Media Relations category.

Meanwhile, the bank’s “Kabayan, Kasangga, Kasama” campaign, which created awareness for its BDO Remit videos bagged a Merit Award in the Marketing, Advertising, and Brand Communication category. The campaign culminated in one of the first virtual presscons in the Philippines amid the COVID-19 pandemic.

BDO also brought home accolades in the Audio/Visual category for its advocacy videos aimed at different target audiences:

• An Excellence Award for its “Banking on the Filipino” video, which features the bank’s financial inclusion programs and inspires support from its managers and executives during its annual officers meeting;

• A Merit Award for its video for millennials, which features young influencer Angelique Manto getting advice from BDO brand ambassador Pia Wurtzbach on how she can follow in her footsteps and manage her finances better; and

• A Merit Award for its Valentine’s Day-themed financial education video, “Payo para sa Puso,” which was developed as a response to a report that shows the need for millennials to handle their money more responsibly. 

Cash Agad: Ka-Partner Sa Muling Pagbangon

Cash Agad:  Ka-Partner Sa Muling Pagbangon

Naging matindi ang epekto ng pandemic sa mga pamilya at komunidad sa bansa hindi lang  dahil sa takot na naramdaman ng marami mula sa banta ng COVID-19 kundi pati na rin sa epekto nito sa kabuhayan. Maraming nagsarang negosyo at maraming nawalan ng trabaho. At yun namang mga kumikita pa rin, hindi makapag-withdraw ng cash dahil pinatigil ng mga lockdown ang pampublikong transportasyon.

Mabuti na lamang at andiyan ang mga Cash Agad partner agents, naka-antabay para matugunan ang banking needs ng bawat Pilipino sa gitna ng pandemya. Naapektuhan man ang sila noong nagdeklara ng community quarantine, sila naman ay nakatulong sa barangay, nakakabawi at patuloy pang bumabangon upang muling umunlad ang kanilang mga negosyo.

Ang network ng Cash Agad partner agents ay binubuo ng mga maliliit na negosyante sa Luzon, Visayas, at Mindanao na nagpapatakbo ng sebisyong Cash Agad sa kani-kanilang komunidad. Layunin ng sebisyong ito na bigyan ng access sa cash ang mga malalayong komunidad, lalo na ang mga liblib na lugar, mga lugar na kailangan pang umakyat ng bundok o tumawid ng dagat. 

Ang Cash Agad ay solusyon mula sa BDO Unibank na kung saan ang pinakamahahalagang serbisyo ng bangko - tulad ng withdrawal at balance inquiry - ay nakakarating sa isang liblib na lugar nang hindi na kinakailangang magpatayo pa ng isang branch o maglagay ng ATM.

Tindahan na, ATM pa: Ang may-ari ng isang tindahan (pwede ring salon, drugstore, hardware store, etc.) ay maaaring maging Cash Agad partner agent na seserbiyso sa isang komunidad. Dahil ang negosyanteng ito ay matagal nang bahagi ng komunidad, malapit ang pwesto, kilala at pinagkakatiwalaan, mas madali sa mga tao na sa kanya lumapit para kunin ang kanilang pera.

Kapag naging Cash Agad partner agent, ang may-ari ng tindahan ay bibigyan ng POS terminal na may kakayanang tumanggap ng mga transaksyon gamit ang Philippine-issued ATM card, mapa-debit o prepaid man ito. At kahit pa BDO Unibank ang nagpapatakbo sa Cash Agad, tinatanggap ng POS terminal ang mga ATM cards ng lahat ng bangko sa Pilipinas.

Cash Agad at mga LGUs: Isa pang maganda sa Cash Agad ay hindi ito nakadepende sa oras ng bangko. Habang bukas ang tindahan ng Cash Agad partner agent, pwede mag-transact dito. Yun nga lang, binago lang ang mga schedule ngayon dahil sa pandemic at community quarantine. Ang mga lokal na opisyal ang nagbibigay ng schedule kung kelan pwede mag- withdraw sa isang tindahang may Cash Agad. Ito ay para masigurado ang physical distancing at kaligtasan ng bawat partner agent at mga customers nito.

Maging ang mga LGU ay umaasa rin sa Cash Agad para maparating sa mga nangangailangan ang mga supporta ng gobyerno. Halimbawa, ang mga benepisyaryo ng 4Ps ay sa Cash Agad na nagwi-withdraw ng kanilang monthly cash assistance. Ang mga IPs o indigenous people din ay tumatanggap ng kanilang cash assistance at iniwi-withdraw dito. Lahat ng ito ay naging posible dahil sa pagtutulungan ng Cash Agad at LGU.

Maski ang mga empleyado ng munisipyo, mga pulis, at mga teacher sa isang lokalidad ay sa Cash Agad na nagpupunta para makuha ang sweldo nila. Ang mga pribadong empleyado, mga pamilya ng OFWs, lahat sila ay pwedeng sa Cash Agad na mag-withdraw.

Ito ay malaking ginhawa para sa kanilang lahat dahil noong nagkaroon ng mga lockdown at checkpoints, hindi na makaalis ang maraming tao sa kani-kanilang baranggay para magpunta sa mga dati nilang dinadayong mga bangko at ATM na malayo.

Tulong sa Negosyo: Ayon kay Lorna Taruc, may-ari ng Jan Pau convenience store at Cash Agad partner agent sa San Simon, Pampanga, malaking tulong sa negosyo niya at sa komunidad niya ang Cash Agad.

Malaking convenience para sa mga tao yung dito na lang sila sa tindahan magwi-withdraw ng cash. Hindi na nila kailangan magbiyahe ng malayo. Lalo na noong lockdown ang hirap kumuha ng sasakyan. Bukod dito, dumami rin ang customer sa tindahan ko.

Ayon naman sa isa pang Cash Agad partner agent, si Roselyn Abela ng Pitogo, Bohol, maraming natakot lumabas ng lugar nila noong nagkaroon ng community quarantine dahil nabalitaan nilang may mga Covid positive doon sa bayan kung saan sila pumupunta para mag-bangko at mag-ATM.

Ang bayan na ito ay napakalayo sa Pitogo. Sasakay pa ng habal-habal tapos tatawid ng dagat gamit ang lantsa sa kabilang isla. Tapos habal-habal na naman. Aabutin ng kalahati hanggang isang araw para lang makapag-bangko o ATM. At mga limandaang piso ang gastos sa pamasahe kung balikan.

"Kaya noong nagkaroon ng quarantine, nagpasalamat ang mga tao sa lugar namin dahil may Cash Agad ako sa tindahan ko. Dito na sila nagwiwithdraw. Tapos, dito na rin sila bumibili ng mga kailangan nila pagkatapos mag-withdraw kaya nadadagdagan ang kita ko," sabi ni Roselyn.

 

Financial Inclusion: Ayon kay Jim Nasol, Head of Agency Banking (Cash Agad) ng BDO, ang pagkakaroon ng mga Cash Agad partner agents sa mga liblib na lugar ay matagal nang plano ng bangko. Ito ay dahil sa pagnanais nito na mapalaganap ang pag-unlad sa mga kanayunan sa buong Pilipinas.

Maraming mga Pilipino ang masipag, matalino, mapagsumikap, at nangagarap na mapabuti ang kanilang kabuhayan. Kaya lang, napipigilan sila ng kawalan ng access sa cash at kapital. Marami ang mga Pilipinong nahihirapan pagkasyahin ang pera dahil dun pa lang sa pagkuha ng cash, mahabang oras at malaking gastos ang kailangan.

Ang mga Cash Agad partner agents natin ang nagiging daan para mapalaganap ang financial inclusion, o yung mapalawak ang sakop ng mga serbisyong pinansyal. Nakikita natin sa mga lugar tulad ng Pitogo na malaki ang nagagawa ng financial inclusion para mabigyan ng magandang buhay ang mga Pilipino sa malalayong komunidad," paliwanag niya. 

Dagdag pa ni Arnold Katipunan, Head of Sales  Cash Agad from BDO, lalong mahalaga ang financial inclusion at access sa cash ngayong panahon ng pandemic, kung kailan maraming mga tao at negosyo ang kailangang bumangon mula sa epekto ng krisis sa kalusugan at ekonomiya.

Patuloy pa rin ang pagdami ng mga Cash Agad partner agents sa bansa. Para sa karagdagang impormasyon tungkol sa Cash Agad, puntahan ang BDO website http://www.bdo.com.ph/cash-agad  o kaya ay magpadala ng email sa cashagad@bdo.com.ph.   

#CashAgad #BDOCashAgad

Tips on How to Outsmart Scammers Online

Tips on How to Outsmart Scammers Online

Online Banking is much more appreciated and being used in today's ganaps. With the new normal reality we are in at the moment, social distancing being strictly mandated and that community quarantine that's been extended for the nth time, Online Banking is really the convenient way to go.

Still, we must also be aware of the lurking online parasites - The Scammers who hunt victims, then making them visit fake websites, fish for personal details,  bank information,  and yes, their up for your hard-earned money too.