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Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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Skip Navigation LinksHome :: Back Issues :: Asia round-up: Golden deal for Banco De Oro

December 2006

Asia round-up: Golden deal for Banco De Oro

The lengthy courtship between domestic Philippine lenders Banco De Oro (BDO) and Equitable PCI Bank (EPCIB) drew to a successful conclusion in November with news that the two banks had finally agreed terms for a merger.


More an acquisition of EPCIB by BDO than a true merger, the deal entails BDO offering 1.8 new shares for each EPCIB share, valuing the combined entity at almost $2 billion. BDO management will run the enlarged bank.

BDO looks like the real...


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