+ Follow BANCO SANTANDER PHILIPPINES INC Tag
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[ArticleID] => 296992
[Title] => MB okays Banco de Oro acquisition of UOB branches
[Summary] => The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, has approved Banco de Oro’s acquisition of the 66 branches of Singapore’s United Overseas Bank Ltd (UOB).
BDO, the banking unit of the SM Group of retail tycoon Henry Sy, signed in May an agreement to acquire UOB’s branch network in the Philippines and certain deposit liabilities for P600 million.
[DatePublished] => 2005-09-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 279693
[Title] => Banco de Oro needs P11billion to gain control of Equitable PCI
[Summary] => Banco de Oro Universal Bank, the banking unit of retail tycoon Henry Sy, would need around P11 billion to acquire the combined shareholdings of state pension fund Social Security System (SSS) and EBC Investments Inc. in Equitable PCIBank, currently the country’s third largest lender.
BDO president Nestor Tan said the bank remains interested in Equitable PCIBank as it positions itself to be among the top three banks in the country.
[DatePublished] => 2005-05-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 279503
[Title] => S’pore bank eyes bigger BDO stake
[Summary] => Singapore’s United Overseas Bank Ltd. (UOB) is eyeing to raise its stake in Banco De Oro Universal Bank (BDO) from 2.4 percent to as much as eight percent, a top BDO official said.
"They are willing to take a much bigger stake in Banco de Oro but we have agreed jointly that we should take it slowly, one step at a time," BDO president Nestor Tan said.
UOB recently sold 66 of its 67 Philippine branches to BDO for P600 million in exchange for a 2.4-percent equity in the banking unit of the SM Group.
[DatePublished] => 2005-05-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 276697
[Title] => Banco De Oro acquires UOB branches for P600M
[Summary] => Banco De Oro Universal Bank (BDO), the banking unit of the SM Group of retail tycoon Henry Sy, has signed an agreement with Singapore’s United Overseas Bank Ltd. (UOB) to acquire the latter’s 66-branch network in the Philippines and certain deposit liabilities for P600 million.
[DatePublished] => 2005-05-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 223552
[Title] => Banco de Oro sets launch of $130-M bond issue
[Summary] => Banco de Oro Universal Bank (BdO) will launch its $130-million bond issue next week with UBS Investment Bank as sole book-runner.
This as the Bangko Sentral ng Pilipinas (BSP) approved the revision of the said senior note issue from $100 million to $130 million, a five-year tenor with a put option at year three.
The bond’s minimum placement was pegged at $50,000 and will be marketed to investors in Hong Kong, Singapore and Europe.
[DatePublished] => 2003-10-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 220715
[Title] => BdO to issue $100-M notes
[Summary] => Banco de Oro Universal Bank (BdO) will re-issue $100-million worth of senior unsecured notes in the international capital markets, particularly Hong Kong, Singapore and Europe.
BdO vice president Edith Dee-Dychiao said the notes would be used to finance a number of huge loans made by its corporate clients. "It is necessary to plug a particular funding gap of new corporate accounts as there is a growing demand for medium- to long-term lending," she pointed out.
[DatePublished] => 2003-09-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 216610
[Title] => BdO, Sta Lucia to develop 127-ha property
[Summary] => The Banco de Oro Universal Bank (BdO) has entered into an agreement with Sta Lucia Realty and Development Inc. (SLRDI) for the development of a 127.086-hectare property for residential and commercial use.
Sta. Lucia is scheduled to undertake a study to determine the best use, development and business plan for the said property.
After the completion of the study, BdO and Sta. Lucia will then executive a joint venture agreement specifying the terms and conditions of the said project.
Early this year, BDO was involved in the formation of BdO Realty Corp.
[DatePublished] => 2003-08-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 214560
[Title] => BdO income up 30% in H1
[Summary] => Banco de Oro Universal Bank recorded an unaudited net income of P654.9 million covering the first six months of 2003, or 30 percent better than the P503 million achieved in the same period last year.
The bank attributes the exceptional growth to marked increases in net interest income and the continued strong performance from fee-based activities.
Net interest income was at P1.65 billion, up P620 million or 60 percent from the year-ago levels.
Operating expenses totaled P2.17 billion, or higher by 75 percent compared to June 2002.
[DatePublished] => 2003-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[8] => Array
(
[ArticleID] => 213966
[Title] => Banco de Oro issues $100M in unsecured notes
[Summary] => The Banco de Oro Universal Bank (BdO) issued yesterday a $100-million (roughly P5.3- billion) worth of senior unsecured notes in the international financial market.
BdO officials said the issuance would allow the bank to diversify its funding sources for corporate and expansion programs.
"The bank is creating a balanced mix of long, medium and short term funding," BdO corporate communications head Elmer Serrano said yesterday. " The proceeds will be used for general corporate purposes," he added.
[DatePublished] => 2003-07-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 213819
[Title] => Banco de Oro buys Banco Santander for P2.56 billion
[Summary] => Banco de Oro Universal Bank (BdO), the commercial banking unit of the SM Group, has acquired the high-end financial institution Banco Santander Philippines Inc. (BSPI) for P2.56 billion.
BSPI is the local subsidiary of foreign banker Banco Santander Central Hispano SA (BSCH).
Likewise, BdO Capital and Investment Corp. (BCIC), the wholly-owned investment house subsidiary of BdO, bought Santander Investment Securities Philippines Inc. (SISPI), the local stock brokerage arm of the Santander Group, for P28.4 million.
[DatePublished] => 2003-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
BANCO SANTANDER PHILIPPINES INC
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 296992
[Title] => MB okays Banco de Oro acquisition of UOB branches
[Summary] => The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, has approved Banco de Oro’s acquisition of the 66 branches of Singapore’s United Overseas Bank Ltd (UOB).
BDO, the banking unit of the SM Group of retail tycoon Henry Sy, signed in May an agreement to acquire UOB’s branch network in the Philippines and certain deposit liabilities for P600 million.
[DatePublished] => 2005-09-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 279693
[Title] => Banco de Oro needs P11billion to gain control of Equitable PCI
[Summary] => Banco de Oro Universal Bank, the banking unit of retail tycoon Henry Sy, would need around P11 billion to acquire the combined shareholdings of state pension fund Social Security System (SSS) and EBC Investments Inc. in Equitable PCIBank, currently the country’s third largest lender.
BDO president Nestor Tan said the bank remains interested in Equitable PCIBank as it positions itself to be among the top three banks in the country.
[DatePublished] => 2005-05-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 279503
[Title] => S’pore bank eyes bigger BDO stake
[Summary] => Singapore’s United Overseas Bank Ltd. (UOB) is eyeing to raise its stake in Banco De Oro Universal Bank (BDO) from 2.4 percent to as much as eight percent, a top BDO official said.
"They are willing to take a much bigger stake in Banco de Oro but we have agreed jointly that we should take it slowly, one step at a time," BDO president Nestor Tan said.
UOB recently sold 66 of its 67 Philippine branches to BDO for P600 million in exchange for a 2.4-percent equity in the banking unit of the SM Group.
[DatePublished] => 2005-05-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 276697
[Title] => Banco De Oro acquires UOB branches for P600M
[Summary] => Banco De Oro Universal Bank (BDO), the banking unit of the SM Group of retail tycoon Henry Sy, has signed an agreement with Singapore’s United Overseas Bank Ltd. (UOB) to acquire the latter’s 66-branch network in the Philippines and certain deposit liabilities for P600 million.
[DatePublished] => 2005-05-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 223552
[Title] => Banco de Oro sets launch of $130-M bond issue
[Summary] => Banco de Oro Universal Bank (BdO) will launch its $130-million bond issue next week with UBS Investment Bank as sole book-runner.
This as the Bangko Sentral ng Pilipinas (BSP) approved the revision of the said senior note issue from $100 million to $130 million, a five-year tenor with a put option at year three.
The bond’s minimum placement was pegged at $50,000 and will be marketed to investors in Hong Kong, Singapore and Europe.
[DatePublished] => 2003-10-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 220715
[Title] => BdO to issue $100-M notes
[Summary] => Banco de Oro Universal Bank (BdO) will re-issue $100-million worth of senior unsecured notes in the international capital markets, particularly Hong Kong, Singapore and Europe.
BdO vice president Edith Dee-Dychiao said the notes would be used to finance a number of huge loans made by its corporate clients. "It is necessary to plug a particular funding gap of new corporate accounts as there is a growing demand for medium- to long-term lending," she pointed out.
[DatePublished] => 2003-09-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 216610
[Title] => BdO, Sta Lucia to develop 127-ha property
[Summary] => The Banco de Oro Universal Bank (BdO) has entered into an agreement with Sta Lucia Realty and Development Inc. (SLRDI) for the development of a 127.086-hectare property for residential and commercial use.
Sta. Lucia is scheduled to undertake a study to determine the best use, development and business plan for the said property.
After the completion of the study, BdO and Sta. Lucia will then executive a joint venture agreement specifying the terms and conditions of the said project.
Early this year, BDO was involved in the formation of BdO Realty Corp.
[DatePublished] => 2003-08-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 214560
[Title] => BdO income up 30% in H1
[Summary] => Banco de Oro Universal Bank recorded an unaudited net income of P654.9 million covering the first six months of 2003, or 30 percent better than the P503 million achieved in the same period last year.
The bank attributes the exceptional growth to marked increases in net interest income and the continued strong performance from fee-based activities.
Net interest income was at P1.65 billion, up P620 million or 60 percent from the year-ago levels.
Operating expenses totaled P2.17 billion, or higher by 75 percent compared to June 2002.
[DatePublished] => 2003-07-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[8] => Array
(
[ArticleID] => 213966
[Title] => Banco de Oro issues $100M in unsecured notes
[Summary] => The Banco de Oro Universal Bank (BdO) issued yesterday a $100-million (roughly P5.3- billion) worth of senior unsecured notes in the international financial market.
BdO officials said the issuance would allow the bank to diversify its funding sources for corporate and expansion programs.
"The bank is creating a balanced mix of long, medium and short term funding," BdO corporate communications head Elmer Serrano said yesterday. " The proceeds will be used for general corporate purposes," he added.
[DatePublished] => 2003-07-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 213819
[Title] => Banco de Oro buys Banco Santander for P2.56 billion
[Summary] => Banco de Oro Universal Bank (BdO), the commercial banking unit of the SM Group, has acquired the high-end financial institution Banco Santander Philippines Inc. (BSPI) for P2.56 billion.
BSPI is the local subsidiary of foreign banker Banco Santander Central Hispano SA (BSCH).
Likewise, BdO Capital and Investment Corp. (BCIC), the wholly-owned investment house subsidiary of BdO, bought Santander Investment Securities Philippines Inc. (SISPI), the local stock brokerage arm of the Santander Group, for P28.4 million.
[DatePublished] => 2003-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 17, 2003 - 12:00am
