BDO Private Bank, the private banking arm of BDO Unibank Inc., inaugurated its Wealth Center in Iloilo City on December 6. This move acknowledges the growing affluent and ultra-rich clientele in Western Visayas. The Wealth Center aims to provide financial and investment support to the High and Ultra High Net Worth residents of the highly urbanized Mandurriao district.
This marks the ninth Wealth Center for BDO Private Bank, with three located outside Metro Manila. The center is situated within the SM City Iloilo Complex and is part of the Sy-led SM Group of Companies. BDO Private Bank offers investment, financial, trust, and estate advisory services to high-net-worth individuals and corporate clients.
The parent firm, BDO, stands as the country’s largest lender, operating over 1,600 branches and more than 4,700 ATMs nationwide. Additionally, it has subsidiaries in 16 offices globally. As of end-September, BDO reported a net income of P53.9 billion, reflecting a 35 percent increase compared to the same period the previous year.
