BDO has made numerous smaller bank acquisitions as part of its expansion strategy. It has moved to expand its product offerings by forging tie-ups and partnerships both local and abroad. BDO chairperson Teresita Sy-Coson has revealed in an interview that they are “always looking” at any potential partnership deals.
It has also completed its acquisition of One Network Bank, Inc., which is a leading rural bank in the Panay and Mindanao areas. The acquisition was finalized last July, making the bank the latest member of the BDO group. BDO remains the country’s largest bank in terms of deposits, loans, trust funds, and capital.
