What BDO Unibank does

BDO Unibank, Inc. is the largest bank in the Philippines by assets, with P4.9 trillion under management as of end-March 2025, ahead of Metrobank (P3.475T) and BPI (P3.3T). A publicly listed universal bank on the Philippine Stock Exchange (PSE: BDO) and the dominant financial subsidiary of SM Investments Corporation (49% of SMIC's FY2025 net income), BDO operates over 1,800 branches and 6,000+ ATMs nationwide, supplemented by offshore branches in Singapore and Hong Kong and 14 additional international offices. The bank serves retail consumers, SMEs, large corporations, high-net-worth individuals, and overseas Filipino workers through five primary business units: retail banking, business and SME banking, corporate and institutional banking, wealth management, and OFW services.

The bank's product platform spans BDO Online and BDO Pay digital channels with Push Authentication and biometric login; Business Online Banking with API and Host-to-Host integration, multi-currency support, and ERP connectivity; BDO Capital's investment banking franchise that raised P1.55 trillion in 2025 deals; BDO Securities for equity brokerage; BDO Private Bank for wealth management; BDO Life and BDO Insure for insurance distribution; BDO Finance for leasing; BDO Network Bank for community financial inclusion; and BDO Remit for cross-border remittances. Sustainability is a distinct franchise: P1.21 trillion in sustainable financing, six ASEAN sustainability bond issuances totaling P386.7 billion, and an ongoing partnership with Standard Chartered and ING on green bond issuance.

Revenue is generated through net interest income from a P3.9 trillion loan book (15% YoY growth, NPL ratio improving to 1.64%), fee and commission income from transactions and cash management (35% YoY growth in transaction banking after ISO 20022 and API upgrades), investment banking fees, wealth management fees, insurance distribution commissions, and treasury income. A 68% CASA deposit ratio provides one of the lowest funding costs in the Philippine banking system, supporting a 12.7% H1 2026 ROE and P40.7 billion record H1 2026 net income. The bank is rated Baa2/P-2 by Moody's (par with sovereign) and named Philippines' Best Bank 2026 by Euromoney.

Name

BDO Unibank

Legal name

BDO Unibank, Inc.

Website

https://bdo.com.ph

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

BDO Unibank is the Philippines' largest bank by assets (P4.9 trillion), a universal bank serving retail, SME, corporate, and high-net-worth clients through 1,800+ branches, 6,000+ ATMs, digital platforms, and offshore offices in Singapore and Hong Kong.

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA), Offshore & International Private Banking (FSAAABAB)

Keywords

• Universal banking
• Retail banking
• Corporate banking
• Investment banking
• Wealth management

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from lending activities including home loans, auto loans, personal loans, and corporate lending. The bank reported gross customer loans of P3.9 trillion with 15% year-over-year growth.
2. Fee and Commission Income: Transaction fees from fund transfers (InstaPay, PESONet), cash management services, remittance services, credit card transactions, and service charges. The bank eliminated InstaPay and PESONet fees in July 2026 as part of regulatory compliance.
3. Digital Banking Services: Revenue from digital banking platforms including BDO Online, BDO Pay, and online securities trading through BDO Securities.
4. Transaction Banking Revenue: Cash management services including collections, payments, liquidity management, and payroll services for businesses. BDO achieved 35% year-on-year growth in transaction banking revenue.
5. Investment Banking (BDO Capital): Equity underwriting, fixed income underwriting, financial advisory, direct equity investment, and securitization through BDO Capital & Investment Corporation. Raised approximately P949.4 billion in 2024 and P1.55 trillion worth of deals in 2025.
6. Sustainable Finance: Sustainability bond issuances including ASEAN sustainability bonds. The bank has raised P386.7 billion through five sustainability bond issuances since January 2022.
7. Wealth Management: Private banking services for high-net-worth individuals, investment management accounts, trust services, and estate planning through BDO Private Bank.
8. Insurance Distribution: Distribution of insurance products through BDO Insure and BDO Life subsidiaries including life, health, vehicle, and travel insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels10 records

Marketing channels10 records

Core offering

BDO Unibank operates as a full-service universal bank in the Philippines, providing deposit accounts, consumer and commercial loans, credit and debit cards, transaction banking, trade services, treasury, investment banking through BDO Capital, wealth management via BDO Private Bank, securities brokerage through BDO Securities, insurance distribution, and remittance services. It serves retail consumers, SMEs, large corporations, and high-net-worth individuals through an integrated platform combining an extensive physical branch network with digital banking channels such as BDO Online and BDO Pay.

Product overview

BDO Unibank operates as a full-service universal bank offering a comprehensive suite of banking and financial services. The core digital banking platform consists of BDO Online (web-based account management) and BDO Pay (mobile payment app) enabling deposits, transfers, bill payments, and cashless transactions. The business segment is anchored by BDO Cash Management Services and Business Online Banking providing enterprise solutions with API/ERP integration for real-time fund management. Credit and debit card products, personal and business loans (home, auto, personal, multipurpose), and insurance products round out the retail offerings. Specialized subsidiaries include BDO Capital (investment banking), BDO Securities (stock brokerage), BDO Private Bank (wealth management), BDO Life and BDO Insure (insurance), BDO Finance (leasing), BDO Network Bank (micro-banking), and BDO Remit (remittance services). BDO Sustainability Bonds represent the bank's sustainable finance offerings for ESG-aligned project financing.

Differentiator

Problem solved

Functional benefit

Brands

• BDO Pay: Mobile payment and digital wallet application enabling QR payments, fund transfers, and bill payments without cash-in fees
• BDO Online
• BDO Network Bank
• BDO Capital
• BDO Securities
• BDO Private Bank
• BDO HOPE Mastercard

Products and services

• BDO Online Digital banking platform enabling account management, fund transfers, bill payments, and transaction monitoring accessible via desktop browser or mobile application.
• BDO Pay Mobile payment application enabling QR code scanning, fund transfers to BDO accounts at no cost, bill payments, and cashless transactions with promotional rewards.
• BDO Credit Cards Portfolio of credit cards including Visa, Mastercard, American Express, and Diners Club variants with reward programs, installment options, and travel benefits for retail consumers.
• BDO Debit Card Debit card enabling cashless payments, ATM withdrawals, and online transactions directly linked to BDO deposit accounts.
• BDO Home Loan Mortgage financing product for residential property purchase with calculator tools, pre-qualification options, and partnership with SM Properties for property deals.
• BDO Auto Loan Vehicle financing product for new and pre-owned cars with calculator tools, pre-qualification, and auto finder feature for vehicle selection.
• BDO Personal Loan Unsecured personal credit facility for various financial needs with interest rate calculator and application tools.
• BDO Cash Management Services Comprehensive business banking solution offering collections, payments, liquidity management, automated payroll, ERP integration, and multi-currency support through Business Online Banking platform for corporate and SME clients.
• BDO Business Online Banking Secure online platform for businesses providing cash management, fund transfers via InstaPay/PESONet/RTGS/PDDTS/SWIFT, and API/Host-to-Host connectivity for enterprise automation.
• BDO Insurance (BDO Insure) Non-life insurance products including travel, vehicle, medical, and pet insurance offered through BDO Insure subsidiary.
• BDO Life Life insurance products and services including term life, VUL, and group insurance through BDO Life subsidiary.
• BDO Trust and Investments Investment management services including Unit Investment Trust Funds (UITFs), Peso ETFs, Dollar Trust Accounts, and Investment Management Accounts.
• BDO Securities Stock brokerage and online trading platform enabling purchase and sale of Philippine equities with real-time funding and market research access.
• BDO Capital & Investment Corporation Investment banking subsidiary providing equity underwriting, fixed income underwriting, financial advisory, direct equity investment, and securitization services.
• BDO Private Bank Exclusive wealth management services for high-net-worth clients including investment management, estate planning, lending, and asset administration with dedicated relationship managers.
• BDO Finance Corporation Leasing and lending subsidiary offering direct leases, sale-and-leaseback arrangements, mortgage lending, and factoring services.
• BDO Network Bank
• BDO Remit International and domestic remittance services enabling fund transfers, cash pick-up, and bill payment for Overseas Filipino Workers and general customers.
• BDO Kabayan Savings Specialized savings account for Overseas Filipino Workers with remittance features, competitive rates, and Peso/Dollar currency options.
• BDO Checkout Payment gateway solution enabling merchants to accept digital payments via website plugins, payment requests, and point-of-sale integration.

Quantifiable outcome

• 12.7% Return on Equity (H1 2026)
• +5 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor, core and flagship.

• Lufthansa TechnikminorOthers · 21 July 2026Cebu Pacific signed a three-year agreement with Lufthansa Technik for engine maintenance (referenced in context of BDO-funded aircraft financing).
• Botim (UAE fintech)coreGTM or Marketing Partner · 15 July 2026Botim partnered with BDO to integrate into the Philippines' Pre-Departure Orientation Seminar (PDOS) program for Overseas Filipino Workers. Seminars will be delivered throughout 2026 across BDO's nationwide network, preparing approximately 700,000 UAE-bound Filipinos with financial literacy tools and access to regulated digital services. Botim offers OFWs regulated payments, remittances, credit, savings, investment tools, and free VoIP calling.
• OpenTextcoreStrategic or Co-development Partner · 3 July 2026OpenText outlined plans for an $8-10 million cloud transformation project with BDO to modernize enterprise digital infrastructure. OpenText currently employs over 1,300 professionals in Makati, Philippines.
• HOPE (Humanity on the Path to Excellence) Inc.minorStrategic or Co-development Partner · 7 December 2025BDO partnered with HOPE to launch the BDO HOPE Mastercard, a co-branded credit card directing a portion of spending and membership fees to fund education and sustainability projects in Philippines public school classrooms.
• Zscaler (US cybersecurity)coreTechnology or Integration · 27 October 2025BDO Unibank partnered with Zscaler to enhance cybersecurity for cloud migration and physical branch expansion. BDO adopted zero-trust security model using Zscaler's cloud security services to protect its distributed network including remote branches via satellite.
• SM Group Ecosystem (SM Investments, SM Prime, SM Retail)flagshipStrategic or Co-development PartnerBDO is part of SM Group conglomerate, enabling cross-promotional synergies with SM retail, SM Prime property developments, and SM Retail stores. BDO offers exclusive deals and promotions for SM customers and integrates loyalty programs.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Peers

• Maya Bank (Maya Philippines, Inc.):

Direct peers

• Metropolitan Bank and Trust Company (Metrobank): Metrobank is the second-largest Philippine bank by assets (P3.475 trillion) and a direct competitor across retail, SME, corporate, and investment banking. Both banks compete head-to-head in Philippine deposit gathering, branch network expansion, and corporate lending mandates.
• Bank of the Philippine Islands (BPI): BPI is one of the Philippines' largest universal banks (P3.3 trillion in assets) and competes directly with BDO across retail banking, wealth management, and corporate lending. Both are listed Philippine banks with comparable distribution scale and digital banking programs.
• UnionBank of the Philippines: UnionBank is a publicly listed Philippine universal bank with strong digital banking focus and growing retail/SME franchise. Competes directly with BDO on digital platform capabilities, SME lending, and retail deposit gathering.
• Security Bank Corporation: Security Bank is a mid-sized Philippine universal bank serving retail, SME, and corporate clients. Competes with BDO in commercial lending, wealth management, and digital banking, often positioning on customer service and relationship banking.
• Rizal Commercial Banking Corporation (RCBC): RCBC is a publicly listed Philippine universal bank competing with BDO across retail deposits, consumer loans, and corporate banking. Both serve the Philippine mass-affluent and SME segments with overlapping branch and digital channels.
• Philippine National Bank (PNB): PNB is one of the Philippines' largest universal banks with state-linked heritage, competing with BDO across retail, corporate, and treasury services. Operates an extensive branch network and serves OFW remittance corridors similar to BDO Remit.
• China Banking Corporation: China Bank is a privately held Philippine universal bank serving retail, SME, and corporate clients. Competes with BDO particularly in SME lending, commercial deposits, and consumer finance products across the Philippine market.
• East West Banking Corporation: EastWest is a Philippine universal bank competing in retail consumer lending (auto loans, credit cards), SME banking, and corporate services. Directly comparable to BDO's consumer finance and SME business units.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC2KNG66lE-TC6r6NV1xJvuA
• Facebookfacebook.com/bdounibank
• LinkedInlinkedin.com/company/bdo-unibank

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries9 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BDO Unibank