Luis S. Reyes, Jr., 54, is Senior Vice President for Investor Relations and Corporate Planning. Heis concurrently a Director of <strong>BDO</strong> Strategic Holdings, Inc. He holds a Bachelor of Science degree inBusiness Economics from the University of the Philippines. He was First Vice President of Far EastBank & Trust Company, Trust Banking Group before joining the <strong>BDO</strong>.Evelyn C. Salagubang, 48, is Senior Vice President. She assumed the position of Group Head forHuman Resources of the Bank in July 2011. She was formerly the Head of Human Resources ofAmerican Express Savings Bank, with oversight HR role over the American Express International,Inc., and American Express Bank Philippines. Prior to this, she was the HR Manager for KraftFoods Philippines, Inc. She holds a degree in Psychology from Assumption College and completeda Diploma Program in Human Resource Management from the same institution.Shirley M. Sangalang, 52, is Senior Vice President. She is also Adviser to the Board AuditCommittee of <strong>BDO</strong>, <strong>BDO</strong> Leasing and Finance, Inc., and <strong>BDO</strong> Private Bank, Inc. She graduatedfrom the University of the East, Cum Laude with a Bachelor’s degree in Commerce major inAccounting. She also completed her masters in Business Economics at the University of Asia andthe Pacific. She is a Certified Public Accountant who served as Head of <strong>BDO</strong>’s Internal Audit from1984 to 2007. Apart from being the Bank’s Chief Auditor for more than two (2) decades, shespearheaded major bank undertakings such as the merger and integration of four (4) banksacquired by <strong>BDO</strong>, Bank reengineering, implementation of the Bank’s core system/migration to Y2Ksystems, implementation of the Bank’s first Internet and Phone Banking Systems, RewardsProject, Bank Management and Profitability Reporting System and the first off-shoreimplementation of the Bank’s core system.Evylene C. Sison, 58, was hired as Senior Vice President of <strong>BDO</strong> in August 2, 2010. She holdsthe position of Group Head for the Asset Management Group. She was formerly connected withSecurity Bank as Corporate Services Group Head. She holds a degree in Bachelor of Science inCommerce – Accounting, CPA from St. Theresa’s College.Erlaster C. Sotto, 54, Senior Vice President, is a Bachelor of Arts and Laws graduate of theAteneo de Manila University and a graduate with honors of the Philippine Trust Institute on Trustand Investment Management. He has completed the Strategic Business Economics Program of theUniversity of Asia and the Pacific. Mr. Sotto is a member of the Integrated Bar of the Philippines.He is concurrently the President of <strong>BDO</strong> Securities Corp. and the Chief Operating Officer of <strong>BDO</strong>Capital and Investment Corporation which are the securities house subsidiary and the investmenthouse subsidiary of <strong>BDO</strong>, respectively. He has been with the investment banking and securitiesindustry for over twenty-six (26) years. He has vast experience in corporate finance and securitiesunderwriting, distribution and trading business. Mr. Sotto was previously the President of theInvestment House Association of the Philippine and a professor of banking laws at the College ofLaw, Ateneo de Manila University.Noel B. Sugay, 47, is Senior Vice President in Treasury – FX Trading and Portfolio Managementsince 2011. He was hired by <strong>BDO</strong> in 2004 as part of the <strong>BDO</strong> Private Bank Treasury. Hetransferred to <strong>BDO</strong> Universal Bank in 2005 to head the foreign exchange desk in Treasury. Prior toemployment in <strong>BDO</strong>, he was connected with RCBC also as head of the bank’s foreign exchangeSEC FORM 17-A 64
trading desk. He graduated from the Ateneo de Manila University with a Bachelor of Arts degree inEconomics.Robert “Sui Gui” W. Sy, 52, is Senior Vice President and Region Head of <strong>BDO</strong>’s Branch BankingGroup. He has been serving the Bank for more than fifteen (15) years.Edwin R. Tajanlangit, 42, is Senior Vice President. He joined the then Equitable PCI Bank, Inc. in2001 as Head of Market and Liquidity Risk Management and continued to head this unit after themerger with <strong>BDO</strong> Unibank. He holds a Bachelor of Science degree in Applied Mathematics withSpecialization in Statistics, Magna Cum Laude, from De La Salle University. He is a CharteredFinancial Analyst (CFA) Charterholder from the CFA Institute, and a Certified Financial RiskManager (FRM) from the Global Association of Risk Professionals (GARP). He is a former Facultyof De La Salle University’s Mathematics Department and the Professional Schools GraduateSchool of Business. He is currently a member of the Bankers Association of the Philippines (BAP)Risk Management Committee and currently heads its Market Risk Sub-Committee.Arthur L. Tan, 47, is Senior Vice President. He joined the Bank in 2002 as Vice President for ITApplications Development and became IT Operations Head in 2003. He was formerly withAccenture as an associate partner in the firm’s technology practice, working on client projects inthe communications and financial services industries. He holds a Bachelor’s degree in Economicsfrom the University of the Philippines Diliman.Maria Theresa L. Tan, 43, is Senior Vice President. She is General Manager of <strong>BDO</strong> InsuranceBrokers, Inc. (<strong>BDO</strong>I). She has had more than two (2) decades of experience in sales,marketing/product management, and general management in the consumer, services, andinsurance industries. She graduated from the Ateneo de Manila University with a degree inBusiness Management minor in Marketing. Prior to joining <strong>BDO</strong>, she was the General Manager ofInternational SOS, Philippines, Inc. She joined the Bank in July 2009.Edel Mary D. Vegamora, 51, is Senior Vice President and Head of Internal Audit Division (ChiefInternal Auditor) of the Bank. She graduated Magna Cum Laude from the University of the East,with a Bachelor of Science in Business Administration, major in Accountancy. She is a CertifiedPublic Accountant, and subsequently earned the global designation of Certified Internal Auditor.She joined the Bank on September 10, 2008. Prior to joining the Bank, she was Chief FinancialOfficer and Senior Vice President of Sun Life Assurance Company of Canada (Philippines) Inc.,and of its subsidiaries, Sun Life Asset Management Company, and Sun Life Financial Plans, Inc.;and she was a member of the Board of Directors for Sun Life Asset Management Company and forfour of the ten companies comprising the Sun Life Prosperity Funds. Her earlier seniormanagement position includes that of being the location CFO of ING Bank N.V.-Manila Branch.Rosola A. Vivas, 49, Filipino, was appointed Senior Vice President of <strong>BDO</strong> in February 2011. Sheis currently the Head of Customer Development Unit under the Marketing Communications Group.Her unit manages and administers <strong>BDO</strong> Rewards, the Bank’s loyalty program. Prior to thisassignment, she was First Vice President of the Retail Banking Group of the merged Equitable PCIBank. She joined the Bank as Assistant Vice President for Trust Banking Group of the thenSEC FORM 17-A 65
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Via ODiSyMarch 22, 2012PHILIPPINE S
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SEC FORM 17-A
- Page 6 and 7:
TABLE OF CONTENTSPage No.PART I- BU
- Page 8 and 9:
Philippine Subsidiaries% Interest H
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sophisticated investors. The Bank
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(v)Transactions with and/or Depende
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BDO BANK-OWNED PROPERTIES UTILIZED
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BDO BANK-OWNED PROPERTIES UTILIZED
- Page 20 and 21: 2) Leased PropertiesThe Group lease
- Page 22 and 23: Branch Address Lease Lease ExpiryEf
- Page 24 and 25: Branch Address Lease Lease ExpiryEf
- Page 26 and 27: Branch Address Lease Lease ExpiryEf
- Page 28 and 29: Branch Address Lease Lease ExpiryEf
- Page 30 and 31: Branch Address Lease Lease ExpiryEf
- Page 32 and 33: Branch Address Lease Lease ExpiryEf
- Page 34 and 35: Branch Address Lease Lease ExpiryEf
- Page 36 and 37: Branch Address Lease Lease ExpiryEf
- Page 38 and 39: Branch Address Lease Lease ExpiryEf
- Page 40 and 41: Branch Address Lease Lease ExpiryEf
- Page 42 and 43: Item 4. Submission of Matters to a
- Page 44 and 45: On 29 January 2011, the Board of th
- Page 46 and 47: Total Equity grew by 9% to P97.0 bi
- Page 48 and 49: Balance Sheet - 2010 vs. 2009Total
- Page 50 and 51: Comprehensive Income - For the year
- Page 52 and 53: Item 7. Financial StatementsThe con
- Page 54 and 55: UOB Singapore. He was formerly the
- Page 56 and 57: Director of the Philippine Global C
- Page 58 and 59: Name Age PositionInvestments GroupG
- Page 60 and 61: Antonio N. Cotoco, 63, is Senior Ex
- Page 62 and 63: Bienvenido M. Juat, Jr., 58, is Exe
- Page 64 and 65: Ma. Ophelia Ll. Camiña, 58, is Sen
- Page 66 and 67: Corporation; a Trustee of PCI Bank
- Page 68 and 69: Dalmacio D. Martin, 50, is Senior V
- Page 72 and 73: Equitable Banking Corporation in Ju
- Page 74 and 75: The above compensation includes the
- Page 76 and 77: Title ofClassName of BeneficialOwne
- Page 78 and 79: esponsible for the setting up of th
- Page 80 and 81: 2 May 2011 Retirement of Ms. Nenita
- Page 82: Setting the annual shareholders’
- Page 87: AUDITED FINANCIAL STATEMENTSDECEMBE
- Page 93 and 94: BDO UNIBANK, INC. AND SUBSIDIARIES(
- Page 95 and 96: - 2 -Net UnrealizedFair ValueGains
- Page 97 and 98: - 2 -BDO Unibank GroupParent BankNo
- Page 99 and 100: 1.02 Approval of Financial Statemen
- Page 101 and 102: - 4 -Parent BankFRSP Difference PFR
- Page 103 and 104: - 6 -(ii) Philippine Interpretation
- Page 105 and 106: - 8 -• PFRS 7 (Amendment), Financ
- Page 107 and 108: - 10 -(v) PFRS 9, Financial Instrum
- Page 109 and 110: - 12 -The financial statements of s
- Page 111 and 112: - 14 -2.06 Financial AssetsFinancia
- Page 113 and 114: - 16 -HTM investments consist of go
- Page 115 and 116: - 18 -The value produced by a model
- Page 117 and 118: - 20 -2.12 Premises, Furniture, Fix
- Page 119 and 120: - 22 -Deposit liabilities and other
- Page 121 and 122:
- 24 -2.20 Revenue and Expense Reco
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- 26 -Provisions are measured at th
- Page 125 and 126:
- 28 -Future cash flows in a group
- Page 127 and 128:
- 30 -Foreign exchange gains and lo
- Page 129 and 130:
- 32 -(e)Executive Stock Option Pla
- Page 131 and 132:
- 34 -3.01 Critical Management Judg
- Page 133 and 134:
- 36 -3.02 Key Sources of Estimatio
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- 38 -(iv) Loans and Other Receivab
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- 40 -Parent BankNotes Level 1 Leve
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- 42 -The retirement benefit asset
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- 44 -• It then disseminates the
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- 46 -2010MoreOne to than three Mor
- Page 145 and 146:
- 48 -2010MoreOne to than three Mor
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- 50 -Parent Bank2011 2010ForeignFo
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- 52 -BDO Unibank Group2010More Mor
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- 54 -Parent Bank2010More MoreOne t
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- 56 -A summary of the VaR position
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- 58 -Parent BankImpact onImpact on
- Page 157 and 158:
- 60 -b. SubstandardAccounts classi
- Page 159 and 160:
- 62 -BDO Unibank Group2010Loans an
- Page 161 and 162:
- 64 -Parent Bank2010Loans andTradi
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- 66 -4.02.04.03 Concentrations of
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- 68 -5. SEGMENT REPORTINGThe BDO U
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- 70 -Commercial Investment Private
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- 72 -At Amortized Carrying FairCos
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- 74 -8. DUE FROM OTHER BANKSThe ba
- Page 173 and 174:
- 76 -The aggregate contractual or
- Page 175 and 176:
- 78 -The fair values of government
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- 80 -The fair values are determine
- Page 179 and 180:
- 82 -Reclassification of CLNs from
- Page 181 and 182:
- 84 -Per MORB, non-performing loan
- Page 183 and 184:
- 86 -Leasehold Furniture,Rights an
- Page 185 and 186:
- 88 -Land Buildings TotalJanuary 1
- Page 187 and 188:
- 90 -Real and other properties acq
- Page 189 and 190:
- 92 -The BDO Unibank Group’s sub
- Page 191 and 192:
- 94 -Full allowance for impairment
- Page 193 and 194:
- 96 -This account is composed of t
- Page 195 and 196:
- 98 -The breakdown of this account
- Page 197 and 198:
- 100 -On October 19, 2009, the pre
- Page 199 and 200:
- 102 -On December 29, 2009, BSP is
- Page 201 and 202:
- 104 -19.02 Capital AllocationThe
- Page 203 and 204:
- 106 -annum of the par value. Subs
- Page 205 and 206:
- 108 -20. INTEREST INCOMEInterest
- Page 207 and 208:
- 110 -Other operating expenses con
- Page 209 and 210:
- 112 -The movements in the present
- Page 211 and 212:
- 114 -Parent Bank2011 2010 2009 20
- Page 213 and 214:
- 116 -(c) Other Transactions with
- Page 215 and 216:
- 118 -ii. On January 31, 2008, BDO
- Page 217 and 218:
- 120 -27. TAXES27.01 Current and D
- Page 219 and 220:
- 122 -Movements in net deferred ta
- Page 221 and 222:
- 124 -27.04 Gross Receipts Tax (GR
- Page 223 and 224:
- 126 -28. EARNINGS PER SHAREBasic
- Page 225 and 226:
- 128 -29. SELECTED FINANCIAL PERFO
- Page 227 and 228:
- 130 -Sale of BankardBDO (as succe
- Page 229 and 230:
- 132 -PEACe bondsOn October 18, 20
- Page 231:
- 134 -Following is a summary of BD