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BDO Network Bank, Savings Bank arm of BDO Unibank,Inc
Company type
Subsidiary
Industry
Finance and Insurance
Founded
Davao City (2004)
Headquarters
Km. 9 Sasa, Davao City, Philippines
Area served
Philippines
Key people
Nestor V. Tan (Chairman) Jesus Antonio S. Itchon (President)
Products
Financial services
Net income
PHP 743 million (Q3 2013)[1]
Total assets
PHP 87 billion (2022)[2]
Number of employees
1,356 (2013)[1]
Parent
Banco de Oro
Website
bdonetworkbank.com.ph
BDO Network Bank (BDO NB), formerly known as One Network Bank (ONB), is a rural bank in the Philippines. Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 branch in Makati and province of Iloilo (including Iloilo City) and a fleet of 135 ATMs throughout the provinces in Mindanao, including 17 localities where it is the sole provider of financial services.[citation needed]
It is the first rural bank in the Philippines to receive the nod of the Philippine Clearing House Corporation (PCHC) to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank.[citation needed] It is also an equity member of MegaLink (now a BancNet member), one of the first banks in Mindanao to join an interbank network.
In December 2014, the bank was acquired by Banco de Oro.[2] The acquisition was completed in July 2015.[3]
To align with the continued expansion of its parent company Banco de Oro (BDO Unibank), it changed its name to BDO Network Bank on August 6, 2019.[4]
^ abBasa, Mick (December 24, 2014). "BDO eyes Mindanao expansion through ONB buyout". Rappler. Retrieved May 26, 2022.
^ abBSP, Website (December 31, 2023). "BSP Bank Ranking on rural bank as of Sept 2022".
^"BDO completes acquisition of largest rural bank". Rappler. July 22, 2015. Retrieved May 26, 2022.
^Agcaoili, Lawrence (September 18, 2019). "BDO's One Network Bank changes corporate name". Philstar.com. Manila. Retrieved May 26, 2022.
Group and so can be found at SM Malls throughout the country. BDO is the largest bank in the Philippines by total assets, and 15th largest in Southeast...
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Philippine credit card issuer. The bank merged with Banco de Oro Universal Bank in early 2007, and is now branded as BDO as its new identity as part of the...
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construction costs in Mindanao. BDONetworkBank (formerly One NetworkBank) is based in Davao City and is the largest rural bank in the Philippines in terms...
number of banks and financial institutions are operating in Balamban. These include Metrobank, RCBC, Landbank, City Savings Bank, BDONetworkBank and Rizal...
Bank (formerly Optimum Bank) Bangko Mabuhay Bank of Makati Bankways Bayad (formerly Bayad Center, InstaPay only) BDONetworkBank (subsidiary of Banco de...
The Real Bank, was a thrift bank based in the Philippines. In 2014, BDO Unibank Inc., the banking arm of Henry Sy's retail and real estate empire, has...
Philippines Lists admin. "Departments and Offices". Asian Development Bank. Asian Development Bank. Retrieved November 26, 2015. "The N-11: More Than an Acronym...
provincial cockpit arena and several financial institutions such as BDONetworkBank and M Lhuillier. Most people in the municipality are farmers and fishermen...
to Apayao province. The town has numerous banks, such as: Citysavings Bank, BDONetworkBank, Development Bank of the Philippines, Ficobank, Claveria Grassroots...
then the Big Four, new networks naturally developed to emulate them. BDO and Grant Thornton were the earliest followers. Networks were then developed to...
pending. Banks and financial institutions in Sipocot include Land Bank of the Philippines, Rural Bank of Sipocot, Producers Savings Bank, CARD Bank, BDO Network...
second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines. The bank has a network of over 900 branches...
and the Philippines. CIMB Bank's Authorized Agent Banks (AAB's) directly cover Malaysia and Singapore. BDO Universal Bank Inc. directly covers the Philippines...
major banks like BDO, Unionbank, Landbank, EastWest Bank, UCPB and DBP are the major issuers of Visa Debit. All of the three major state-owned banks issue...
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