A gift that grows a lifetime: Teach your kids financial freedom this Christmas

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CHRISTMAS is a season for giving, and every parent wants to make it magical for their kids. This year, instead of gifting them with toys or gadgets that could bring momentary joy, why not give them something that will last a lifetime?

Teach your kids financial freedom this Christmas - - - Christine Caberte 

Safer than a piggy bank

For Christine Caberte, nothing makes a mother prouder than seeing her kid disciplined with money, even at a young age. Christine just opened a bank account for her six-year-old son.

"I've seen my son save money in his piggy bank for some time, but I wanted something more secure. That's why I decided to open a BDO Junior Savers account for him," Christine explains. "With a bank, I know his money is intact and safe, unlike an alkansya that can be opened anytime."

Securing her son’s future. Christine Caberte knows the importance of establishing a foundation for financial independence for her son by opening a BDO Junior Savers account for him during the BDO Fiesta in Bacolod.

Christine, a former overseas Filipino planning to return to work abroad, feels peace of mind knowing that when she starts sending remittances to her son's account, his savings will grow securely.

"It’s comforting to know he now has a bank account that’s his alone,” she shares. “I can send money for his daily expenses and savings separately. His Junior Savers account is safe, nobody can touch it; it’s his to grow."

Starting 'em young

Parents like Christine can easily open a Junior Savers account at any nearby branch, starting from their child's birth. As the deposit reaches P2,000, it will earn interest and Rewards Peso Points.

It comes with a Special Design Passbook as an additional means to monitor a child’s savings. When the kid turns seven, he or she will receive a Junior Savers Debit card.

This Christmas, secure your children’s future by opening a BDO Junior Savers account. It's more than a bank account; it's a foundation for teaching them financial independence and responsibility.

With an initial deposit of only P100, Junior Savers helps kids develop a habit of saving and teaches them to handle their own money at a young age. It is affordable and ideal for most families who want to nurture sound financial habits.

Imagine your kids saving the aguinaldo they will receive this Christmas. Instead of spending money on new toys or gadgets, they can deposit it into their Junior Savers account. As they watch their savings grow, they will learn that achieving their life goals starts with discipline, patience, and a commitment to saving.

BDO Foundation rehabilitates several RHUs in Bohol province to cap 2024

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In line with its advocacy to enable rural health units (RHUs) across the country to deliver better primary health care services, BDO Foundation turned over five rehabilitated health centers in Bohol for the benefit of more than 100,000 Boholanos.

The newly renovated RHUs are Candijay Primary Care Facility, Dimiao Primary Care Facility, Mabini Primary Care Facility, Cortes Primary Care Facility and Duero Rural Health Unit. Supported by local government leaders and municipal health officers, the foundation renovated the health centers’ interiors and exteriors, ensuring that the spaces are conducive for healing and comfortable for both health workers and patients.

Rural health unit rehabilitation. Newly rehabilitated RHUs feature patient-centric interiors and exteriors to help health workers deliver better services to the community.

“We hope that this humble contribution of BDO Foundation to the communities will help the local government units (LGUs) and health workers improve their capability in delivering basic health services to their constituents,” shared BDO Foundation president Mario Deriquito.

BDO Foundation continues to fulfill its advocacy to rehabilitate RHUs to help strengthen the primary healthcare delivery system at the grassroots level. Since the start of the program in 2012, the foundation has supported the capacity of various LGUs in making primary healthcare more accessible to communities.

In his message to the community at the turn over of their newly rehabilitated health center, Dimiao municipal health officer Dr. Lloyd Lyle Ravidas said, “We are grateful to BDO, BDO Network Bank and BDO Foundation for the help that they’ve given to our community. You have not just given us a beautiful building, but also a dignified health facility to better serve the people.”

BDO Foundation has renovated 23 RHUs in Bohol alone. Overall, the organization has rehabilitated 187 health centers nationwide.

Alsons Dev Recognized among BDO Home Loan's Top Developer Partner

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DAVAO CITY, Philippines - Alsons Development and Investment Corporation (Alsons Dev), Davao City’s premier real estate company, was honored as one of BDO Home Loan’s Top Developer Partners for 2023 during the BDO Annual Developers' Appreciation Event. Alsons Dev officially received the prestigious Sapphire Award and Most Compliant Award, underscoring Alson Dev's dedication to providing exceptional customer service and meeting the dynamic real estate needs of Mindanaoans.

Alsons Dev receives the Sapphire Award and the Most Compliant Award at BDO Home Loan's Top Developer Partners for 2023, recognizing their commitment to excellence in the industry

This marks the first time that BDO acknowledged the Davao-based developer on the prestigious list. As the sole awardee from Davao and Mindanao, Alsons Dev solidified its position as a regional industry leader, highlighting its unique influence and commitment to excellence in the real estate market.

For more information about Alsons Dev, please visit https://alsonsdev.com/.

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About Alsons Dev:

Alsons Dev is a leading real estate development firm in Davao City with over 60 years of experience in building residential and commercial properties of good quality and ever-increasing investment value.

Alsons Dev established itself by introducing high-end open lot residential communities in Davao. In 2016, the company expanded its portfolio to include mid-cost housing developments through its Nurtura Land and Home brand, with the award-winning Narra Park Residences as its maiden project.

In 2023, Alsons Dev expanded its geographical reach with the launch of Avia Estate, a 121-hectare mixed-use township in Alabel, Sarangani. Narra Park Residences Avia, the first residential offering within the estate, exemplifies the company's commitment to redefining the standard of living in SOCCSKSARGEN.

Alsons Dev also offers prime retail and commercial spaces, including Poblacion Market Central, a cultural hub for shopping, dining, and lifestyle experiences in downtown Davao; CityMall Northtown, a joint venture with DoubleDragon Properties; and The Shoppes, a convenient commercial strip serving the needs of neighboring communities.

BDO and SM elevate the shopping experience for OF families w/ Kabayan Tuesday

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Papa P at SM City Caloocan for Kabayan Tuesday. Award-winning actor and BDO Remit brand ambassador Piolo Pascual mingles with overseas Filipino families during the formal launch of Kabayan Tuesday at SM City Caloocan last June 4.

For countless overseas Filipino families, SM is more than just a mall—it's a hub for shopping, bonding, and essential errands. Recognizing this, BDO Unibank has teamed up with SM to enhance these experiences through the innovative Kabayan Tuesday initiative.

“For the last 20 years, BDO and SM have been collaborating to teach overseas Filipinos and their families about saving and financial management through lively financial literacy seminars, complete with celebrities, games, and freebies at various SM malls," said Genie T. Gloria, BDO Senior Vice President and Head of Remittance. “Starting in 2024, we wanted to make their essential shopping even more rewarding by leveraging their Kabayan Savings. With Kabayan Tuesday, their trips to SM can now be not just fulfilling but also economical.”

Kabayan Tuesday: Exclusive savings and perks

Available every first Tuesday of the month, Kabayan Tuesday is BDO’s special way of thanking overseas Filipino families for their loyalty. By presenting their Kabayan Savings ATM card, passbook, or BDO remittance payment slip at any SM branch nationwide, customers can enjoy up to a 10% discount at popular SM stores including The SM Store, SM Appliance, Watsons, Miniso, Toy Kingdom, Surplus, Baby Company, Sports Central, ACE Hardware, SM Cinema, SM Game Park, SM Bowling, and SM Skating.

This exciting promo, which began on January 2, was officially celebrated on June 4 at the newly opened SM City Caloocan with a vibrant Kabayan Tuesday Mall Show featuring BDO Remit brand ambassador Piolo Pascual.

SM City Caloocan opened its doors to the public on May 17, offering a fresh destination for families. “With the opening of SM Caloocan, we saw an opportunity to hold our Kabayan Tuesday event here, knowing it’s a favored spot for overseas Filipinos and their families,” said Gloria.

The collaboration with SM has significantly boosted the number of Kabayan Savings account holders, and there's more to come. “We are continually adding more partners to provide discounts,” Gloria added.

More than just shopping discounts

Jonjon San Agustin, Senior Vice President for Marketing of SM Supermalls, emphasized the broader benefits. “Kabayan Tuesday is just one of the many rewarding experiences at SM. Customers can also take advantage of other promotions and additional discounts across departments.”

Even those without a Kabayan Savings account can enjoy Kabayan Tuesday discounts through Cash Pick-up of remittances at BDO Remit counters inside SM Stores, SM Supermarket, and Save More. “Claim your remittance, present the slip at the cashier, and enjoy the discounts,” explained Gloria.

Building a secure financial future

Gloria also highlighted the long-term benefits of having a Kabayan Savings account. “Regular use of a Kabayan account for remittances builds a solid banking record, which is beneficial for future loan or credit card applications. A good relationship with a formal financial institution like BDO is invaluable.”

Bank savings are also safer, being regulated by the Bangko Sentral and insured by the Philippine Deposit Insurance Corp. “Saving in banks means overseas Filipinos’ hard-earned money is more secure,” Gloria stressed. “That’s why they trust banks more.”

With Kabayan Tuesday, BDO and SM are not just offering discounts—they’re providing overseas Filipino families with more value, security, and a reason to celebrate each month.

20 years of BDO ShopMore Mastercard: MORE Rewards, MORE Fun!

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BDO Unibank celebrates the 20th anniversary of BDO ShopMore Mastercard by relaunching it with exciting new benefits and three new vibrant card designs, which applicants can choose from when they sign up.

Made from 100% recycled plastic, the new and improved BDO ShopMore Mastercard offers more rewards for more fun, such as:

• · FREE Membership Fee on the first year
• · 250 Welcome Bonus Peso Points after the first purchase
• · 2x Peso Points from everyday everywhere purchases
• · Extra Cashback instant savings, and year-round exclusive deals from in-store and online purchases from select partners*
• · Discounts on dining and food deliveries from select partners*
• · Buy Now, Pay Later deals from over 20,000 stores with 0% interest

*Terms and Conditions apply

“Enhancing BDO ShopMore Mastercard is our way of thanking our loyal clients and inviting new ones to enjoy its benefits,” said Ma. Nannette R. Regala, BDO Senior Vice President and Head of Consumer Banking Group Marketing. “For two decades, BDO ShopMore Mastercard has been an indispensable shopping partner for many Filipinos. With a simple dip, tap, or using BDO Pay scan-to-pay, it has allowed users to bring home essential items that make their lives more convenient and rewarding.”

As the market also shifted to digital payments, ShopMore Mastercard cardholders have come to experience the safety and convenience of online shopping through trusted apps and websites. Cardholders can benefit from year-round offers from BDO’s partnerships with top eCommerce platforms such as Lazada, Shopee, GrabFood, and foodpanda to name a few, and enjoy discounts with restaurants offering as much as 50% off. It’s definitely a more colorful and more fun shopping experience as ShopMore Mastercard cardholders can also choose from different installment options that fit their budget and lifestyle.

They can also use it abroad; BDO ShopMore Mastercard is accepted in over 20 million locations in around 275 countries and territories.

In commemoration of its two decades in the market, BDO is setting up booths in SM Megamall (Mega Fashion Hall) on May 28, SM Seaside City Cebu (Mountain Wing) on June 21, and SM North Edsa (The Block Event Area) on August 8 for clients and mall-goers to rediscover and appreciate BDO ShopMore Mastercard’s benefits and rewards.

Experience More Rewards, More Fun with the all-new BDO ShopMore Mastercard. Get yours today! Visit the ShopMore booths or apply online at www.bdo.com.ph/mc-shopmore.

Best in Pinoy blogs recognized in 1st BDO Blogger Awards

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BDO Unibank recognized the best online content creators in the first-ever BDO Blogger Awards.

The BDO Blogger Awards honors bloggers and influencers for sharing useful information, insights, and positivity with their followers and viewers. The awards honor bloggers’ contributions not only in spreading awareness about the bank’s advocacies, but also in initiating important public discussions for a more financially-inclusive industry through content creation.

The Awards feature two segments: the recognition ceremony, which awards the top-performing content creators in terms of the quality of content they published online from 2020 to 2021; and the content creation contest—a thematic activity that challenges participants to come up with unique and creative ways to talk about various topics.

This year, BDO challenged participants to discuss the bank’s innovative digital solutions, which served as an alternative option for clients to perform their bank transactions especially during the height of the pandemic.

And the awards go to…

The Digital Storyteller of the Year award was given to Mary Lorraine Llorin of Super Momma Blog.

For Excellence in Digital Engagement category, the winners were Lally Gonzales of Lally Reflections (3rd place), Berlin Domingo of Momi Berlin (2nd place), and Reylen Castro of Made it Through Mum (1st place).

Awardees for the Influential Blogger of Year category were Mary Lorraine Llorin of Super Momma (3rd place), Reylen Castro of Made it Through Mum (2nd place), and Berlin Domingo of Momi Berlin (1st place).

The winners of the Special Award for Exemplary Initiative were Ruby Caberte of Pinay Mommy Online (5th place), Lhyzie Bongon of Life with Lyzie (4th place), Roselle Toledo of Snapped & Scribbled (3rd place), Sylver Sy of Iconic MNL (2nd place), and Richard Mamuyac of The Newsmakers blog (1st place).

Meanwhile, Fitz Villafuerte of Ready to be Rich was named BDO’s Online Advocate of the Year.

For the Content Creation Contest, winners were Berlin Domingo of Momi Berlin and Reylen Castro of Made it Through Mum for Luzon; Sigrid Lo of Lovingly Momma and Clarice Lao of My Metro Lifestyle for Visayas; and Ruby Caberte of Pinay Mommy Online for Mindanao.

Content Creation Excellence. BDO Unibank virtually staged the 1st BDO Blogger Awards to honor bloggers and influencers nationwide for starting relevant discussions online about financial inclusion through creative content creation.

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About BDO Unibank, Inc.

BDO is a full-service universal bank which provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.

BDO has the country’s largest distribution network, with over 1,500 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2021. For more information, please visit www.bdo.com.ph.

BDO is regulated by the Bangko Sentral ng Pilipinas with contact number (+632) 8708-7087 and with email address consumeraffairs@bsp.gov.ph, and webchat at www.bsp.gov.ph.

For concerns, please visit any BDO branch nearest you, or contact us thru our 24x7 hotline (+632) 8631-8000 or email us via callcenter@bdo.com.ph.

5 Easy Tips Para Mapalago Ang Iyong Ipon

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BDO NETWORK BANK, EASY TIPS PARA MAPALAGO ANG IPON. Bigyang halaga ang pag-iipon sa bangko para laging handa sa oras ng pangangailangan. 

Kaliwa’t kanan ang advice tungkol sa pag-iipon. Pero para sa iba, madaling sabihin pero mahirap gawin. Huwag mag-alala, narito ang 5 na practical tips para mapalago ang iyong ipon at guminhawa ang buhay mo.

1. Dapat consistent ang pag-budget at pag-manage ng gastos

Ugaliing gumawa ng budget para sa iyong mga gastusin buwan-buwan. Mahalagang nakaplano kung saan mapupunta ang kita mo.

Maraming paraan, para ma-monitor ang gastos mo. Pwedeng mag-download ng app sa phone gaya ng “budget tracker” o “money manager.” Kung gusto mo naman ng personalized, gumawa ng sariling listahan sa iyong phone. Pwede ka din gumamit ng notebook. Basta kung saan ka komportable, yun ang gawin mo. Mahalagang makita kung pasok pa din sa budget ang mga ginagastos mo.

2. Alamin kung ano ang needs vs wants

Bago bilhin ang isang bagay, tanungin muna ang sarili, “Kailangan ko ba talaga ito?” Minsan kasi ang mga “wants” ay nagiging “needs” pag hindi nasusuring mabuti.

Alamin mo ang iyong priorities.  Ano ba ang mga bagay na mahalaga sa iyo? To do this, gumawa ng top 10 list ng mga bagay na kailangan mo. Tignan at ayusin ito base sa pinaka-importante at hindi gaanong importante.

Base sa listahan, makikita mo kung ano talaga ang kailangan at dapat unahin.

3. Mamuhay ayon sa iyong kinikita

Always aim to live within your means. Sa panahon ngayon, mahalaga maging praktikal. Kung hindi kaya ng budget, huwag nang ipilit.

Hindi kailangang makipag sabayan sa magagarang bagay na nakikita sa social media. Pwede ka naman maging cool at fashionable kahit na hindi branded ang mga gamit mo. Ang importante ay confident ka.

4. Simulan mag-ipon ngayon and make it a habit

Kahit na magkano pa ang kita o sweldo mo, pwede kang makaipon ng malaki kung sisimulan mo ngayon. Iwasan gastusin lahat ng bonus o kita, at maging one-day millionaire.

Subukan mo muna sa malit na halaga. Halimbawa, yung 100 pesos araw-araw, pag inipon mo mula ngayon hanggang December, pwedeng umabot ng 30,000. Para hindi mo magalaw ang inipon mo, mas mainam at secured pa kung mag-o-open ng savings account sa bangko.

Isa si Coco Martin, brand ambassador ng BDO Network Bank, na naniniwala sa importansya ng saving. Bata pa lang sya, tinuruan na siya ng kanyang lola na mag-ipon. Kaya naman hanggang ngayon handa sila sa mga hindi inaasahang panahon, tulad nitong sitwasyon ng pandemya.

Ayon kay Ramon T. Militar ng BDO Network Bank Community Banking Network Group, makakatulong kung ikaw ay may dalawang bank accounts. Isa para sa iyong sweldo, isa para sa iyong ipon.

5. Mag-loan lang ng halagang kailangan

Huwag madala sa mga nag-o-offer ng malaking loan. Bago mag loan, sagutin mo muna ang mga tanong na ito:

          a. Ito ba talaga ang kailangan kong halaga?

          b. Kaya ko ba ito bayaran on time?

          c. Ang pagkuha ko ba ng loan ay para sa negosyo na kumikita, or di kaya ay sa bagay

          na tumataas ang value, gaya ng lupa?

Kailangang pinagpaplanuhan din ang pag-loan para maingatan ang inyong credit status. Kung binabayaran mo ang loan mo on time, mas madaling makapag-loan ulit in the future. Ayon kay Alberto O. Quiogue ng BDO Network Bank Salary Loans Group, ang loan ay para matulungan ka at hindi para mahirapan ka. Iwasan ang loans para sa luho para hindi mabaon sa utang.

Maaaring bisitahin ang BDONB Facebook page (https://www.facebook.com/BDONetworkBankPH) o  ang BDONB website (https://www.bdonetworkbank.com.ph/) para malaman kung anong produkto at serbisyo ang tama para sa pangangailangan mo.

 

About BDO Unibank, Inc.

BDO is a full-service universal bank that provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, and credit card services. 

BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide.  It also has 18 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of December 31, 2020. For more information, please visit www.bdo.com.ph.

The Asset names BDO 2020’s Best Bank in the Philippines

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BDO Unibank (BDO) was named the Best Bank in the Philippines for the 8th consecutive year during The Asset Triple A Country Awards 2020 which recognizes Asian issuers and global institutional investors for excellence in banking, finance, treasury, and the capital markets.

In the Best Adviser category, subsidiary BDO Capital & Investment Corporation (BDO Capital) brought home awards for the Best Corporate and Institutional Adviser-Domestic for the 6th time, the Best Equity Adviser for the 4th time, and the Best Loan Adviser for the 4th time as well.

In the Best Deal category, BDO and BDO Capital were individually recognized with Best Merger & Acquisition (M&A) Deal awards for their roles as sole lender and mandated lead arranger & bookrunner (acquisition financing), respectively, in the KKR-led consortium’s US$1.3 billion acquisition of a majority stake in Metro Pacific Hospital Holdings—the largest healthcare M&A in the country.

BDO was also awarded the Best Retail Bond in the same category for its P36 billion Fixed-rate Peso bond issuance, which was seven times more than the original P5.0 billion offer due to robust demand from individual and institutional investors.

Beyond the country awards, BDO Capital was bestowed with the Best Local Currency Green Bond Award under the Deal of the Year - Real Estate category in The Asset Triple A Regional Awards 2020.

The bank’s investment house was lauded for being the joint lead underwriter and joint bookrunner of the P3-billion Fixed-rate ASEAN Green Bonds of Arthaland Corporation. In line with the bank’s sustainability mission, the green bonds adhere to the ASEAN Green Bonds Standards, which require proceeds to be used exclusively for environment-friendly projects.

The Asset Triple A Country and Regional Awards have been organized by the Hong Kong-based financial publication for over 20 years. The Asset provides “authoritative, unbiased, and independent” coverage on Asia’s financial industry for corporate leaders and financial decision-makers.

The Asset’s 2020 Best Bank in the Philippines. BDO Unibank, Inc. and BDO Capital & Investment Corporation were recognized in the recent The Asset Triple A Country & Regional Awards. Among these prestigious accolades are the Best Bank in the Philippines for BDO in the country awards and the Best Local Currency Green Bond for BDO Capital in the regional awards.

Withdraw Anytime, Anywhere. BDO and BDO Network Bank ATMs are strategically located to ensure convenient cash withdrawals to accountholders.

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BDO ATMs offer convenient cash withdrawals to accountholders

BDO Unibank, Inc. and BDO Network Bank offer clients the most expansive ATM network in the country to continuously perform cash withdrawals anytime, anywhere. Currently, there are over 4,400 BDO and BDO Network Bank ATMs strategically located all over the Philippines.

These ATMs operate 24/7 at accessible locations where people go to or pass by regularly, such as corporate offices and commercial places like malls, and, even in locations near their residence.

Besides withdrawing cash, account holders can enjoy the following benefits:

• Check your account and Cash Card balances

• · Withdraw up to Php 50,000.00 cash per day

• · Transfer money (Fund Transfer) to enrolled or unenrolled BDO accounts or select BancNet member bank accounts

• · Pay your bills through our wide selection of Billers and Merchants

• · Load SMART, Globe, and Touch Mobile (TM) prepaid mobile phone and broadband services

• · Avail of cash advance from your Amex, JCB, Mastercard, Visa, Diners, KFTC, and UnionPay credit card

At select ATMs, account holders can also make card-less cash withdrawals using biometrics (fingerprint and/or facial recognition) or a QR Code generated via the BDO Digital Banking App.

Account opening made easy

BDO understands the value of cash accessibility. While a lot of people have resorted to online banking amid the pandemic, many still prefer to withdraw their cash.

For those who wish to take advantage of the bank’s wide ATM network, just follow these easy steps:

1.     1. Fill out online form here: https://www.bdo.com.ph/personal/accounts/how-to-open-an-account

2.     2. Select your preferred BDO branch and the date and time of your visit.

3.    3. Bring the minimum cash deposit and two valid IDs during your branch appointment to complete your application. Cash deposit amount varies depending on the type of account.

 

BDO Foundation rehabs 6 health centers

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After reaching a major milestone last year with the rehabilitation of 100 rural health units, BDO Foundation continues to help improve health facilities across the country. The corporate social responsibility arm of BDO Unibank recently completed the rehabilitation of six rural health units as part of its contribution to the achievement of the United Nations Sustainable Development Goal no. 3 to ensure healthy lives and promote the well-being of all people of all ages.

As part of continuing efforts to help improve the healthcare delivery system in the Philippines, BDO Foundation rehabilitated six rural health units in Iloilo, Isabela, and Western Samar with the support of officers from BDO and BDO Network Bank branches.

Despite constraints caused by the pandemic, the foundation renovated the Municipal Health Office of Aurora in Isabela, Calbiga Rural Health Unit and Birthing Facility in Western Samar, and Rural Health Unit Dapa in Siargao, Surigao del Norte. In Iloilo, it renovated Dueñas Municipal Health Office, Barotac Viejo Municipal Health Office, and Birthing Facility, and Mina Municipal Health Center.

According to Dueñas municipal health officer Dr. Rodney Labis, “Understanding the financial capacity of our local government unit, I knew that our only chance to renovate Dueñas Municipal Health Office would be through BDO Foundation. Learning that the foundation will rehabilitate our building made me hopeful. Our staff was also excited because they have seen the foundation’s work in other rural health units in Iloilo.”

“The rehabilitation of our rural health unit not only made our building presentable, but it also motivated our health workers to deliver services effectively to all Dueñasanons especially during this time of the COVID-19 pandemic,” the doctor added.

BDO Foundation improved the layout and interior design of the six health centers, their lobby and waiting areas, offices, clinics, consultation rooms, treatment rooms, and facilities. The foundation installed new furniture and fixtures to help health workers accommodate more patients. It also constructed play areas where children can read books or play with toys. In Mina Municipal Health Center and Rural Health Unit Dapa, available space enabled BDO Foundation to build waiting areas for the comfortable use of senior citizens.

With these improvements in place, the doctors, nurses, and midwives of the rural health units in Aurora, Barotac Viejo, Calbiga, Dapa, Dueñas, and Mina are now better equipped to provide primary healthcare services to thousands of constituents. BDO Foundation’s corporate citizenship initiatives in the aforementioned municipalities are expected to help improve the health and well-being of more than 197,000 people from 198 barangays.

BDO posts P28.2 billion net income in 2020

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BDO Unibank, Inc. (BDO) posted a net income of P28.2 billion in 2020 from P44.2 billion in 2019, due mainly to pre-emptive provisions of P30.2 billion set aside against potential delinquencies from the pandemic. The Bank relied on its strong and resilient business franchise and balance sheet to support core business operations, despite significant hurdles from the pandemic and ensuing economic lockdown. 

Net interest income (NII) grew by 12 percent to P133.7 billion.  Loans managed to grow 3 per cent to P2.3 trillion driven by consumer and corporate accounts.  The Bank continued to assist its borrowing clients, ensuring their uninterrupted access to credit facilities, in addition to granting loan moratoria under Bayanihan I and II.  

CASA deposits continued to climb, growing 17 percent to P2.1 trillion, as clients were able to access BDO products and services through its branches, ATMs and digital channels even during quarantine restrictions.  

Non-interest income declined 8 percent and settled at P55.2 billion, supported by fee-based income, trading gains and insurance premiums.  Business volumes were initially impacted by mobility restrictions, but have since begun to recover gradually.  Wealth management, on the other hand, remained resilient with trust volumes and fees sustaining growth.  Trading gains increased as the Bank capitalized on favorable market conditions while insurance premiums grew modestly despite the initial impact of the lockdowns.

Operating expenses decreased 2 percent to P112.6 billion due to a reduction in marketing and volume-related expenses.

The Bank’s provisions of P30.2 billion were in line with prudent credit and provisioning policies, meant to further strengthen its balance sheet.  The NPL ratio stood at 2.65 percent with NPL coverage at 109.5 percent. As of yearend, the Bank’s total Loan Loss Reserves were equivalent to 3 percent of Gross Customer Loans, and are considered more than sufficient to cover for potential losses.

The Bank’s capital base expanded to P393 billion with its Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) at 14.4 percent and 13.2 percent, respectively, comfortably above minimum regulatory levels.   The Bank’s capital increased by 6% despite the pre-emptive provisions and the business impact of COVID-19. Book value per share likewise increased 6% to P88.11 from P83.03 in 2019.

BDO remains cautiously optimistic on a gradual upturn in 2021. With its extensive market reach and devoted workforce, the Bank remains committed to providing banking products and services attuned to its customers needs. These include digital upgrades that allow easier and safer access to services, such as QR code-based ATM and merchant transactions. These are part of the benefits expected from its ongoing Next Generation IT upgrade. 

 

About BDO

BDO is a full-service universal bank that provides a wide range of corporate and retail banking services.  These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.  

BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide.  It also has 18 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2020. For more information, please visit www.bdo.com.ph.

With BDO Foundation and Go Negosyo, Makati pooled PCR testing this month

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Presidential Adviser for Entrepreneurship and Go Negosyo Founder Joey Concepcion announces that the city of Makati led by Mayor Abigail Binay will pilot the Go Negosyo’s pooled PCR testing this month. ARK PCR Chief Private Implementor Cong. Janette Garin, Tessie Sy-Coson, Chairwoman of BDO Unibank, Philippine Children’s Medical Center’s Dr. Julius Lecciones, and Dr. Raymond Lo were also present during the virtual MOA signing.

“The private sector will fund a pooled PCR testing pilot for 16 cities and one municipality in NCR this month. That represents about P160,000 pooled PCR tests that will be done for this part of the research. This will be a game-changer for our country. It could speed up testing, increase the capacity, and make it cheaper. Testing will create greater visibility,” said Concepcion.

Concepcion also highlighted the significance of the partnership between the private sector and the local government units in winning the war against COVID-19 and thanked both BDO and Makati for their participation.

“We are making the best out of this two-weeks. The challenge is how to co-exist with COVID-19. The objective is to save lives, jobs, and livelihoods. I’d like to thank Tessie for her untiring support. They have been supportive of every effort that is needed to help the health situation which is needed to help the economy. We cannot have a vibrant economy if we cannot control the health situation.”

“I’d like to thank PCE Go Negosyo, PSP, BDO Foundation, and PCMC. It is an honor that you chose Makati to do pooled testing. We are very honored to pilot pooled testing. Until we are able to get a vaccine, we will have to live with the virus,” Mayor Abby Binay said. 

“Pooled testing will be helpful not just to our constituents but also to our business community who are unable to afford the P3500 PCR test. Hopefully, this will encourage our companies to open up, our employees will be assured that they are not spreading the virus as well. Hopefully eto na po ang sagot na hinihintay nating lahat so we can all move forward, living with COVID.”

As the country’s business capital, Makati is one of the cities in NCR to pilot Go Negosyo’s pooled PCR testing for 10,000 individuals. The pilot will focus on public market vendors as well as tricycle, jeepney, and pedicab drivers, in addition to a community near Makati Coliseum. The city also pledges to help mitigate the spread of COVID-19 through massive targeted testing. The data and results that will be gathered during the tests will then be used as a guide in policy-making, program formulation in line with the LGU’s COVID-19 response.

One of the staunch supporters of Go Negosyo programs and big brother BDO Foundation led by Tessie Sy-Coson expressed her belief in the pooled testing program, “We always believe in this pooled testing program which is initiated by Go Negosyo under Joey Concepcion and Cong. Janette Garin. As a matter of fact, Nestor and I have been talking about it. When we learn that Mayor Abby Binay is going to start this program, we were excited to involve BDO to work along in this worthy program and I’m happy to know that we will be working together.”

“It’s very difficult to be in a pandemic. But what inspires everybody, especially the health workers, is that when the private sector and government come together… Pooled testing does not only deal with a drastically reduced price, but it also deals with protecting our healthcare workers, hastening the turn around time and making our laboratories the windows that can open and guide us where these viruses are. Go Negosyo and the partnership with BDO has made possible for us the circle with the entry of the city of Makati,” said Garin.

She also added that the desire of the city of Makati, BDO Foundation and Go Negosyo is not only to make testing affordable, “Basically it boils down to how we can put back confidence in the workplaces. We look forward that the outcome of this pilot implementation of pooled testing will be the replica that will be cascaded to all other LGUs where government, private sector, and LGU will become enlightened in crushing COVID and allowing us to co-exist with it.”

Pooled PCR testing is expected to optimize the availability of test kits, reduce the workload of laboratory staff, eliminates large groups of negative cases, makes PCR testing more affordable and available, provides LGUs and businesses with a better and clearer direction, and restores confidence in returning to work while sustaining the gains of the initial lockdown.

Garin explained that a proposed costing mechanism has already been developed which will bring down the cost of testing to PHP450 per person in pools of 5s; PHP350 per person in pools of 10s, and PHP250 per person in pools of 20s, inclusive of PHP150 swabbing fee with VTM. If the study is approved by the Department of Health, pooled testing can be piloted in 21 implementation sites namely 11 Go Negosyo supported laboratories and 5 each from San Miguel Foundation and Ayala Foundation.   

“I’m glad that we will be able to sign this MOA today. This will pave the way and accelerate all the things that we were talking about. The real challenge is how to put that into action. Today we will be doing that. Tomorrow and the next days to come, we commit to ourselves to show to everyone that this is the way to go. Our commitment and our dedication to this enterprise is something …. [that] you can be proud of,” Dr. Lecciones shared.

Dr. Lo, who is leading the PCMC COVID-19 Laboratory, also shared, “Our research is proceeding as we speak. Now, we’re beginning to test them with the pooling method. Initially, we will be testing them individually to establish a baseline and then we will do pooling so we can see… which pools of 5, 10, or 20 [is most effective]. That will be a function of the prevalence of the virus. We are going to be testing asymptomatic. We don't expect that many [asymptomatics] in the community but we do hope to catch them before they can spread the virus.”

Lo added that the first phase of the research shows promise for pools of 5 and 10 and that the second phase is ongoing. The second phase will focus on cascading further protocols that other labs, especially those under the Go Negosyo mantle, can adapt.

ARK Project Lead Josephine Romero,  Philippine Society of Pathologists, Inc. President Dr. Roberto Padua Jr., President, and CEO of BDO Unibank and trustee of BDO Foundation, Nestor V. Tan, BDO Foundation President Mario Deriquito were among the attendees.

Free cash-in via BPI, BDO, Unionbank and other banks with InstaPay - GCash

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Users of GCash, the undisputed leading and preferred mobile wallet in the Philippines, can enjoy FREE cash-in services using banks with apps and websites that are powered by InstaPay.

GCash users who have bank accounts that allow them to digitally top up their e-wallets may use the cash-in service for FREE. For instance, GCash users who are also BPI account holders may use their BPI mobile app to transfer money to their GCash wallets for FREE.

Aside from BPI, over 30 banks allow their account holders to top up their GCash wallets for FREE, including BDO, Metrobank, RCBC, etc. Cashing in via bank apps and websites may differ per financial institution.

“GCash provides great value to the lives of Filipinos, especially now that we are transitioning to the so-called new normal. Digital finance will play a big role during these times, and providing the free cash-in via bank apps and websites through the InstaPay service will help GCash users maximize the use of their mobile wallets,” GCash President & CEO Martha Sazon said.

Aside from being free, cashing in via bank apps and websites is also real-time, which means that the amount transferred from a bank account to a GCash account should reflect immediately. Cash In via Instapay is free for most banks.

GCash users may use their mobile wallets for a variety of financial services. GCash empowers users to pay for physical and online transactions to over 75,000 merchants, transact with over 400 billers, and transfer funds to over 40 banks in the Philippines.

They may also use their GCash wallets to buy airtime load, save money, invest in money market funds, and purchase insurance products.

Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.

For more information regarding bank app cash-ins, customers may visit https://help.gcash.com/hc/en-us/sections/900000085683-Cash-In-via-Bank-EMI-Apps.

BDO Unibank: Finding ways for bank services reachable in select areas

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BDO Unibank continues to find ways for its bank services to be accessible in areas covered by the prevailing enhanced community quarantine. 

With the roving ATM on Wheels, bank clients are still able to perform various transactions like balance inquiry, cash withdrawal, cash advance, BDO cash card reload, prepaid mobile reload, fund transfer, donation, activation of online banking enrollment and 3rd party fund transfer and pin change. 

The ATM on Wheels, which is available from 11am to 6pm, accepts both local and international cards.

The ATM on Wheels recently went to Anonas in Quezon City, Bagbaguin in Caloocan, and Pasig City. 

This week, it will be deployed to Savemore Branch in Camarin, Caloocan from April 13-15, and to Savemore Branch in Novaliches from April 16-18.

“BDO is positioning ATM on Wheels in areas where our branches are closed or in areas where there are no nearby ATMs,” the Bank said.

BDO Unibank finds ways for clients to bank during quarantine

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Amidst the lockdown and enhanced community quarantine prevailing in Luzon,  and ever since the extended community quarantine was implemented to curb the spread of the COVID-19 pandemic, banks have been serving their customers in new ways.

BDO Unibank remains open to service the banking needs of clients. BDO Unibank encourages the heightened use of online banking service to protect the public from the spread of the pandemic.

The number of open branches is reduced, banking hours are shortened, and skeletal force is in effect where possible. While the objective is to keep serving the urgent banking needs of clients, the adjustments in operations aim to protect the health and safety of both the customers and the front liners.

In this unprecedented situation, customers’ understanding and openness to adapt to the “new normal” is valuable. BDO Unibank, for instance, is offering alternatives to branch banking, from promoting its online and mobile banking services to keeping its other channels available.

This way, even if the branch near them is not available or handling heavier than usual transactions, their banking activity will not be hampered.

Online and mobile banking

BDO encourages its clients to bank from home via its online and mobile banking services. Using its digital channels, clients can pay bills, send money, load up their prepaid mobile phones, and check account balances.

To sign up for online banking, visit www.bdo.com.ph, click on “Online Banking Login,” then “Enroll Now!” on the login box. After filling out the forms, expect an ATM activation code. Use this code to confirm enrollment at the nearest BDO ATM.

Clients with an activated online account can enjoy the ease and convenience of banking using their mobile devices. They can download the BDO Mobile App and access its features using their registered username and password. A One-Time PIN (OTP) will be sent via SMS to add their device for further security.

To learn more about BDO Online Banking, click here: https://www.bdo.com.ph/personal/ebanking/online-banking

BDO reminds its clients to never give away their personal information to anyone when banking online. Personal information consists of bank account numbers, usernames, passwords, and One-Time PINs (OTPs). The bank will never ask for this information.

Other banking channels

BDO has it wide network of ATMs and Cash Accept Machines available. Here clients can withdraw and deposit money, and even pay bills.

Cash Accept Machines also allow card-less transactions like cash deposits to Peso savings/ check accounts or cash cards. To learn more about its other services, visit: https://www.bdo.com.ph/ebanking/cash-deposit-marchine.

“Over the past few days we have taken steps to ensure, as best we can, continued and uninterrupted service you have grown accustomed to. Given the enhanced quarantine procedures and the limited transportation available, we have taken steps to ensure continuity of service and ease of adjustment on your part during this difficult period,” the bank said in a statement.

Keeping banking channels open. BDO ATMs and Cash Accept Machines are open for clients to withdraw and deposit money, and even pay bills.

BDO, a full-service universal bank which provides a wide range of corporate and retail banking services. 

For more information, please visit www.bdo.com.ph.