Renand Jay B. De Lara Mr.

Rommel Laurenciano OFFICIAL NAME: Banco De Oro DATE OF ESTABLISHED: January 2, 1968 OWNER: Tycoon Henry Sy

IV St. Peter

ESTIMATED ASSETS: The acquired assets that are available for sale include properties from Metro Manila,
Luzon, Visayas, and Mindanao. I estimate that there are more than 800 acquired properties in this list of acquired assets from BDO. Aside from acquired assets for sale, the list also contains acquired assets that are available for lease. Other acquired assets for sale include club shares, chattel, as well as repossessed cars. For BDO repossessed cars, I estimate for than a hundred units are for sale. This is quite a huge number of foreclosed cars. Just refer to the list for more details.

SERVICES: Banco de Oro is a full-service universal bank. It provides products and services to the retail and
corporate markets including lending (corporate, middle market, SME, and consumer), deposittaking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management and remittances. Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage and Stock Brokerage services. Banco de Oro is a member of the SM Group, one of the countrys largest conglomerates with businesses spanning between retail, mall operations, property development (residential, commercial, resorts/hotel), and financial services. Although part of a family conglomerate, BDOs day-today operations are handled by a team of managers and bank officers.

BRIEF HISTORY: Beginnings

Banco de Oro had its humble beginnings on January 2, 1968, when it started off as a thrift bank called Acme Savings Bank. With two branches in Metro Manila, Acme was one of the smallest banks in the Philippines at the time. In November 1976, Acme was acquired by the Sy Group, the group of companies currently owned by retail magnate Henry Sy, and renamed Banco de Oro Savings and Mortgage Bank. In December 1994, BDO became a commercial bank. To reflect the bank's new status, BDO was renamed Banco de Oro Commercial Bank, and in September 1996, BDO became a universal bank, which led to the bank's name being changed to the current Banco de Oro Universal Bank. It is one of the many banks owned by a Chinese-Filipino in the Philippines (others include Metrobank and Chinabank). BDO eventually became involved in insurance services in 1997 (it is a bancassurance firm) by establishing a subsidiary called BDO Insurance Brokers. In 1999, BDO expanded its insurance services through partnerships with Assicurazoni Generali s.p.a., one of the world's largest insurance firms, and Jerneh Asia Berhad, a member of Malaysia's Kuok Group. Later, BDO partnered up with its insurance affiliates, which are Generali Pilipinas Life Assurance Company and Generali Pilipinas Insurance Company, in March 2000.