Notes

The top 5 banks in the Philippines are BDO, Metro Bank, Land Bank, BPI, and PNB


There are many banks in the Philippines, Everyone needs a bank but not everyone how banks works. Without bank, there would be no investment. That's why banks is important because they tend to invest their money on banks or on wrong choice of investments. And finding a good bank is not that easy and there are a lot of
things that investors should consider before putting up money on investments. . In this paper, you will see history and service offerings of the top performing banks in the Philippines.

BDO (Banco De Oro) Unibank, Inc
It’s obvious why BDO came up to the rank number 1,because it started the bank operations for the weekends and because every SM mall has BDO, guess where its employees get their salaries. and it's actually known as a tagline "we find ways". BDO is the largest banks in the philippines,based in makati. BDO started out as a thrift bank when it first opened on January 2, 1968, called Acme Saving Account, that has two branches in metro manila. But 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 commercial bank. It is one of the many banks owned by a Chinese-Filipino in the Philippines

BDO offers many services like Deposits such as checking account, savings account, and
time deposits. Deposits related services such as manager’s check, customized checks, demand
draft and telegraphic transfer. Commercial and industrial loans such as Credit Lines, Bills
Purchase Lines, Check Discounting Lines, Term Loans, LC/TR Financing, Stand-by LC, Export
bills Purchase, Export Packaging Credit, Receivable Purchase Facility. Trade Services such as
import/export letters of credit, domestic letters of credit, standby letters of credit, document
against payment, documents against acceptance, open account agreements, export negotiations,
shipping guarantee, trust receipts. They have a capital of 214,669.25 pesos, assets of 2,092,685.54 Pesos, deposits of 1,752,206.23 pesos, and loans/receivables of 1,393,822.06 pesos, as of 2017.