BDO (Banco De Oro) still emerged as the biggest local bank in the Philippines in terms of assets, receivables and CASA as of end of March 2009, with Metrobank (Metropolitan Bank and Trust Co.) and BPI (Bank of the Philippines Islands still in the second and third rankings, respectively based on their audited and published consolidated financial balance sheet.
BDO said its first-quarter net income was Php1.01 billion, which is up by 62% from the previous quarter’s level, but down by 25% from year ago figure. They also said that their statements continued to show “robust” growth in loans, CASA, net interest income and fee-based income, with another gains in trades and finance as the global markets stabilized.
Meanwhile, Metrobank has not yet release their first-quarter results, yet reportedly had a total assets of Php755.65 billion at the end of March compared with P758.48 billion three months ago. Their net loans and receivables reported Php388.56 billion having a total deposit liabilities of Php554.76 billion.
Moreso, BPI, an Ayala Group, reported a total assets of Php620 billion as of March, against Php658.42 billion at end of 2008, net loans and receivables of P321.01 billion, and deposit liabilities of P517.95 billion. Well, we are hoping that global markets will stabilize for the succeeding months and hope that recession period will end up inspite of the Swine Flu attack all over the world.
BDO said its first-quarter net income was Php1.01 billion, which is up by 62% from the previous quarter’s level, but down by 25% from year ago figure. They also said that their statements continued to show “robust” growth in loans, CASA, net interest income and fee-based income, with another gains in trades and finance as the global markets stabilized.
Meanwhile, Metrobank has not yet release their first-quarter results, yet reportedly had a total assets of Php755.65 billion at the end of March compared with P758.48 billion three months ago. Their net loans and receivables reported Php388.56 billion having a total deposit liabilities of Php554.76 billion.
Moreso, BPI, an Ayala Group, reported a total assets of Php620 billion as of March, against Php658.42 billion at end of 2008, net loans and receivables of P321.01 billion, and deposit liabilities of P517.95 billion. Well, we are hoping that global markets will stabilize for the succeeding months and hope that recession period will end up inspite of the Swine Flu attack all over the world.
Does this mean it's safer to deposit our money in BDO?
Yes I guess so it is very safe to deposit in bdo.
Yes it is. Actually, it's much safer to deposit your money in big banks like BPI and BDO rather than trying out new players that offer higher interest rates.
Yes you are right michael!it is much safer to save it to big banks like BDO
thanks for visiting this blog
With SM part of Henry Sy's business. I doubt anything will happen to BDO. It's the country's biggest bank.
Really? BDO now is tha largest bank here? I thought this bank is just a new branch, well that's nice to know because I have account at BDO. Can I loan here too?