BDO branches reach 1,000 nationwide

BDO Unibank (BDO), the country’s largest lender, reported that its network of branches is now stronger at 1,000 following the opening this month of its latest full-service outlet in Davao City.

The bank said it opened to clients its branch in Buhangin, one of the most populated areas in Davao City, last March 20.

BDO Senior Executive Vice President and Branch Banking Head Jaime C. Yu said reaching the 1,000-branch milestone is a testament to the Bank’s commitment to make banking reachable to Filipinos whether they are located in the metropolitan area or far-flung provinces.

“We fully recognize that there are still about 70 percent of the population with no bank accounts or has yet to enter the formal banking sector,” said Yu.

He added that “the continued growth of our branches is our way of creating opportunities for more people to experience the rewards of having a bank that takes care of their financial needs.”

BDO ended 2016 with a branch network of 982 (including one in Hong Kong). Of this total, 492 branches were in Metro Manila, 305 in Luzon, 108 in Visayas, and 76 in Mindanao.

This year, the Bank eyes to add 60 more branches, further increasing its network to 1,042 by the end of 2017. This wide market reach is complemented by over 3,600 ATMs and electronic channels.

BDO’s domestic distribution network remains to be one of the strongest in the banking industry. It is known for its longer banking hours and weekend banking. (JAL)