BDO NETWORK BANK, a subsidiary of BDO Unibank, is now a THRIFT BANK.
Its conversion from Rural bank to Thrift Bank became effective on May 5, 2025.
It was formerly a rural bank named One Network Bank, which was acquired by BDO in 2015.
PRODUCTS:
Savings Passbook with or without Debit card
Maintaining Balance: 500 pesos
Penalty for not Maintaining Account: 100 pesos
Young PeraSavers
Savings Passbook with Debit card
Maintaining Balance: 50 pesos
Penalty for not maintaining account: 20 pesos
Optimum Savings - Personal
Maintaining Balance: 30,000 pesos
Penalty for not maintaining account: 300 pesos
Optimum Savings - Commercial
Maintaining Balance: 50,000 pesos
Penalty for not maintaining account: 300 pesos
Other Products:
Checking account
Time deposit
Loan
Remittance
Bills payment
Cash management
In December 2024, BDO Network Bank, had 124.05 billion in total assets, the biggest rural bank in the Philippines. It held a huge distance from the second-ranking rural bank, Eastwest Rural Bank, which had 39.2 billion in total assets in December 2024.
With more than 124 billion in total assets as of Dec 2024, BDO Network Bank will become the No. 5 Thrift Bank based on Assets.
Currently, the 4 biggest thrift banks are PSBank, China Bank Savings, Philippine Business Bank and City Savings Bank.
Difference between BDO Unibank and BDO Network Bank
BDO Unibank owns BDO Network Bank. Parent bank and BDO Unibank at subsidiary bank ang BDO Network Bank.
BDO Unibank is a Universal bank while BDO Network Bank is a Thrift Bank, na dati ay rural bank.
BDO Unibank has 4.67 Trillion in total assets as of Dec 2024 while BDO Network has 124.05 Billion in the same period.
What can't BDO Network do as a Thrift Bank that BDO Unibank can do as a Universal Bank?
Based on Philippine banking laws:
BDO Network will not engage in complex investment banking activities like helping corporations issue and sell securities (stocks and bonds, etc.) to the public.
BDO Network will not invest in businesses that are not related to banking.
It will not own or control other types of banks.
Its focus will be collecting and investing deposits and lending short, medium and long-term loans to individuals and small and medium enterprises and businesses in agriculture, services and housing.
BDO Unibank, on the other hand, can do a wide range of activities, like corporate banking and investment banking. It can offer a broad range of financial products and services.
It can own a thrift bank, a rural bank, and other businesses, whether financial or non-financial.
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