BDO Unibank

Stock performance

History

BDO Unibank began as a small savings bank and grew dramatically through an aggressive series of acquisitions of other Philippine banks from the 1990s through the 2010s, including its landmark 2007 merger with Equitable PCI Bank, becoming the largest bank in the Philippines under the ownership of the SM Group conglomerate.

Business model

BDO Unibank provides retail, corporate, and investment banking services across the Philippines' largest branch network, benefiting from its integration within the broader SM Investments conglomerate, which provides cross-selling opportunities through SM's extensive mall and retail footprint.

Market position

BDO Unibank is the largest bank in the Philippines by assets, ahead of Metrobank and Bank of the Philippine Islands, having built that position substantially through acquisition-led growth over the past two decades.

Country impact

BDO Unibank is one of the largest financial institutions in the Philippines and, as part of the SM Group, exemplifies how a small number of large family-controlled conglomerates dominate major sectors of the Philippine economy. It plays a central role in Philippine consumer and business credit.