11.07.2015 Views

Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

(v)Transactions with and/or Dependence on Related PartiesIn the ordinary course of business, the Bank has loans, deposits and other transactions with itsrelated parties, and with certain directors, officers, stockholders and related interest (DOSRI).These loans and other transactions are made on the same terms as with other individuals andbusinesses of comparable risks and in compliance with all regulatory requirements.(vi)Patents, Trademarks, Licenses, Franchises, Concession, Royalty Agreement orlabor contracts including durationThe Bank has registered the following trademarks with the Intellectual Property Office of thePhilippines:Trademark DurationExpress Padala 17 <strong>March</strong> 2008 to 17 <strong>March</strong> 2018We find ways 7 April 2008 to 7 April 2018(vii)Governmental Approval of Principal Products or ServicesThe Bank secures approval from the Bangko Sentral ng Pilipinas (BSP) for all its products andservices, as required.(viii)Effect of Existing or Probable Governmental Regulations on the BusinessBeing a banking institution subject to the General Banking Law and banking regulations, <strong>BDO</strong> isunder the supervision of the BSP, whose approval <strong>BDO</strong> requires to undertake certain activities.<strong>BDO</strong> strictly complies with the BSP requirements in terms of reserves, liquidity position, limits onloan exposure, cap on foreign exchange holdings, provision for losses, anti-money launderingprovisions and other regulatory requirements.(ix)Estimate of Amount Spent for Research and Development ActivitiesThis is not applicable to the Bank.(x)Total Number of EmployeesThe Bank has a total of 20,804 employees as of 31 December 2011, broken down as follows:Non-Officers Officers Executives TOTALTotal Head Office 3,219 4,065 563 7,847Branches 8,768 3,216 194 12,178Total for Subsidiaries 300 384 95 779TOTAL EMPLOYEES 12,287 7,665 852 20,804SEC FORM 17-A 6

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!