Banco De Oro Unibank, Inc.Mandaluyong City, Philippines

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  • Megaworld, BDO sign home loan deal [Manila Times]
    (26 Sep 2008 04:00:00 EDT)
    Sep. 26--PROPERTY developer Megaworld Corp. and Banco de Oro Unibank, Inc. have agreed on a multibillion loan facility program for potential real-estate buyers.
  • Philippine banks "sound and stable" amid U.S. financial crisis: officials [Xinhua News Agency]
    (17 Sep 2008 06:08:00 EDT)
    The Philippine banking system will withstand the impact of the financial turmoil caused by failing investments companies in the United States, officials said on Wednesday. "There is no reason to panic. Tetangco said the exposure of local banks in the troubled Lehman Brothers, which filed bankruptcy on Monday in the United States, was "very small," Philippine TV GMA reported.
  • Philippine govt, banks take a hit from Lehman collapse [Manila Times]
    (17 Sep 2008 04:00:00 EDT)
    Sep. 17--SOME of the country's financial giants took a hit from the collapse of Lehman Brothers Holdings Inc., with the Philippine government claiming any adverse impact the US investment bank's demise would have is minimal. In separate disclosures to the Philippine Stock Exchange, the country's largest and second biggest lenders said they are setting aside provisions for their exposure to Lehman.