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BDO Unibank, Inc. Opens The Representative Office In Xiamen

2020/12/23

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2020/12

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In December, 2020, the largest bank in the Philippines, BDO Unibank, Inc. officially opened a representative office in Xiamen (BDO Unibank, Inc. Xiamen Representative Office ), which is designed to serve as connection for institutions, enterprises and individuals’ activities in economic, trade and financial exchanges between China and the Philippines.

The Xiamen Representative Office is located in  SM City Xiamen, with the purpose of providing customers with high-standard quality services. It is staffed with professionals who are proficient in Chinese,  English and Minnan dialect, dedicated in providing customized consulting and services. 

China has close economic ties with the Philippines, especially after the signing of the RCEP (Regional Comprehensive Economic Partnership Agreement). The two countries, as members of the world’s largest potential free trade zone,  are expected to set up more extensive and in-depth cooperation. BDO Unibank, Inc. will take the establishment of the Xiamen representative office as a key opportunity to further strengthen cooperation with Chinese and the Philippines financial institutions,  enterprises and individuals. For providing comprehensive services for customers, it will become the window for communications of financial activities between China and the Philippines, and a model in providing high-standard quality services. 

In addition, BDO Unibank is a member of SM Group, one of the Philippines’ largest and most successful groups founded by a patriotic Chinese in the Philippines, Dr. Henry Sy, Sr.  

BDO Unibank was established in Manila in the 70s and listed on the Philippine Stock Exchange in 2002. After more than 50 years of rapid development, it has become the largest bank in the Philippines in terms of resources, deposits and loans. It has repeatedly won various awards such as “Best Investment Bank” from "Alpha Southeast Asia" (2007-2016, 2018), "Asiamoney" (2020) and "The Asset" (2015 -2020).“Best Bank In The Philippines” from "Alpha Southeast Asia" (2010-2016, 2018, 2020), "Asiamoney" (2011,2014-2020), "FinanceAsia" (2010-2020) and "The Asset" (2011, 2013-2020). It has also been awarded “Best Asia Bank” by “Finance Asia ” in 2013.

BDO Unibank, Inc.provides a complete array of industry-leading products and services including lending, deposit-taking, foreign exchange, brokering, insurance and remittances in the Philippines. Moreover, it has the largest distribution networks with over 1,450 operating branches nationwide, and 16 branches,  Remittance Center and Representative Office around Asia, Europe, Middle East and North America. BDO Unibank, Inc. always takes importance in Chinese market. In 2009, China Desk was set up to serve Chinese companies and individuals in the Philippines and to meet their financial needs in both markets.

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