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                    [ArticleID] => 173908
                    [Title] => Banco de Oro sets up P100-M credit card unit
                    [Summary] => Not to be left behind in meeting customer demand for innovative products, Banco de Oro universal bank, the banking arm of retail tycoon Henry Sy, has set up a P100-million credit card subsidiary to further augment its profitability.


The new company, named BDO Card Corp. (BDOCC), has applied for a corporate license with the Securities and Exchange Commission. It has an initial authorized capital of P100 million, composed of one million shares with a par value of P100 per share. Of this amount, P60 million has been subscribed and paid by BDO.


                    [DatePublished] => 2002-08-29 00:00:00
                    [ColumnID] => 133272
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JESUS NACINTO

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                    [ArticleID] => 173908
                    [Title] => Banco de Oro sets up P100-M credit card unit
                    [Summary] => Not to be left behind in meeting customer demand for innovative products, Banco de Oro universal bank, the banking arm of retail tycoon Henry Sy, has set up a P100-million credit card subsidiary to further augment its profitability.


The new company, named BDO Card Corp. (BDOCC), has applied for a corporate license with the Securities and Exchange Commission. It has an initial authorized capital of P100 million, composed of one million shares with a par value of P100 per share. Of this amount, P60 million has been subscribed and paid by BDO.


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abtest

Banco de Oro sets up P100-M credit card unit

August 29, 2002 - 12:00am

Not to be left behind in meeting customer demand for innovative products, Banco de Oro universal bank, the banking arm of retail tycoon Henry Sy, has set up a P100-million credit card subsidiary to further augment...

Business