A bank is a financial institution and a financial intermediary that accepts deposits and channels those

deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank links
together customers that have capital deficits and customers with capital surpluses.
Due to their influential status within the financial system and upon national economies, banks are highly
regulated in most countries. Most nations have institutionalised a system known as fractional reserve
banking, in which banks hold only a small reserve of the funds deposited and lend out the rest for profit.
They are generally subject to minimum capital requirements based on an international set of capital
standards, known as the Basel Accords. Banking in its modern sense evolved in the 14th century in the
rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts
of creditand lending that had its roots in the ancient world. In the history of banking, a number of banking
dynasties have played a central role over many centuries. The oldest existing bank, Monte dei Paschi di
Siena, was founded in 1472 in Siena, Italy.
[1]





Accounting, or accountancy, is the measurement, processing and communication of financial
information about economic entities.
[1][2]
Accounting, which has been called the "language of
business",
[3]
measures the results of an organization's economic activities and conveys this information to
a variety of users including investors, creditors, management, and regulators.
[4]
Practitioners of
accounting are known as accountants.
Accounting can be divided into several fields including financial accounting, management
accounting, auditing, and tax accounting.
[5][6]
Financial accounting focuses on the reporting of an
organization's financial information, including the preparation of financial statements, to external users of
the information, such as investors, regulators and suppliers;
[7]
and management accounting focuses on
the measurement, analysis and reporting of information for internal use by management.
[1][7]
The
recording of financial transactions, so that summaries of the financials may be presented in financial
reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.
[8]

Accounting is facilitated by accounting organizations such as standard-setters, accounting
firms and professional bodies. Financial statements are usually audited by accounting firms,
[9]
and are
prepared in accordance with generally accepted accounting principles (GAAP).
[7]
GAAP is set by various
standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United
States
[1]
and the Financial Reporting Council in the United Kingdom.
[10]
As of 2012, "all major economies"
have plans to converge towards or adopt the International Financial Reporting Standards (IFRS).
[11]





CORPORATE PROFILE
The product of a merger heralded as unprecedented in size and scale in the Philippine banking industry, BDO Unibank, Inc.
(BDO) today represents a firm consolidation of distinct strengths and advantages built over the years by the entities behind
its history. BDO is an institution that honors its past, continues to improve on its present, and moves towards the future wi th
confidence and strength.
BDO is a full-service universal bank in the Philippines. It has the ability to provide a complete array of industry-leading
products and services including Lending (corporate, middle market, SME, and consumer), Deposit-taking, Foreign
Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management and Remittances in the
Philippines. Through its local subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking,
Bancassurance, Insurance Brokerage and Stock Brokerage services.
BDOs institutional strengths and value-added products and services hold the key to its successful business relationships
with customers. On the front line, its branches remain at the forefront of setting high standards as a sales and service-
oriented, customerfocused force. BDO has one of the largest distribution networks, with more than 800 operating branches
and over 2,200 ATMs nationwide.
Through selective acquisitions and organic growth, BDO has positioned itself for increased balance sheet strength and
continuing expansion into new markets. As of 30 September 2013, BDO is the countrys largest bank in terms of total
resources, capital, customer loans, total deposits, and assets under management.
BDO is a member of the SM Group, one of the countrys largest and most successful conglomerates with businesses
spanning between retail, mall operations, property development (residential, commercial, resorts/hotel), and financial
services. Although part of a family conglomerate, BDOs day-to-day operations are handled by a team of professional
managers and bank officers.
Awards and Citations
BDO is a recipient of multiple awards from various local and international award-giving bodies for both institutional and
product excellence. A listing of these awards is detailed in the Banks website under About Us - Awards and Citations.
Corporate Social Responsibility
The Bank carries out its corporate social responsibility through the BDO Foundation, a non-stock, non-profit organization
that promotes initiatives based on the Banks long standing record of support to social development. The Banks corporate
social responsibility focuses on developing communities through advocacy programs focusing on three vital areas, namely,
decent shelter, sustainable livelihood, and practical education for the marginalized sector of society. As well, the BDO
Foundation actively promotes volunteerism among its employees who help out in the Foundations various activities that
reinforce these programs and include, among others, community building, livelihood/skills training, fund raising, and
environmental/green initiatives. Through these, the Bank hopes that it is able to give back to society and make a positive
contribution to the broader community it serves.
Core Values and Mission
Commitment to Customers
We are committed to deliver products and services that surpass customer expectations in value and every aspect of
customer services, while remaining to be prudent and trustworthy stewards of their wealth.
Commitment to a Dynamic and Efficient Organization
We are committed to creating an organization that is flexible, responds, to change and encourages innovation and creativity.
We are committed to the process of continuous improvement in everything we do.
Commitment to Employees
We are committed to our employees growth and development and we will nurture them in an environment where
excellence, integrity, teamwork, professionalism and performance are valued above all else.
Commitment to Shareholders
We are committed to provide our shareholders with superior returns over the long term.
CORPORATE MISSION
To be the preferred bank in every market we serve by consistently providing innovative products and flawless delivery of
services, proactively reinventing ourselves to meet market demands, creating shareholders value through superior returns,
cultivating in our people a sense of pride and ownership, and striving to be always better than what we are today
tomorrow.
Social Environmental Management Systems
The Board of Directors of BDO approved last April 2010 the establishment of a Social & Environmental Management
Systems Policy (SEMS Policy). The BDO Environmental and Social Policy will ensure that environmental and social
consciousness are incorporated in the day-to-day operations of the Bank for the benefit of all its stakeholders, employees,
and the community in which it operates.
This policy mainly entails the categorization of all corporate borrowing accounts according to their social & environmental
impact. Aside from this, it also has a provision that will limit the banks exposure to certain industries that have an adverse
effect on human lives and the environment such as the manufacture and recycling of hazardous chemicals, ammunitions,
etc. Depending on the risk categorization, various monitoring and reportorial procedures will be implemented to ensure that
identified environmental and social issues concerning borrowing clients are addressed.
Milestones


SMIC Group Structure

BDO Subsidiaries and Affiliates