BDO Unibank, Inc. Announces Executive Changes ; Approves Dividend on the Bank's Common Shares
January 06, 2014 at 11:20 pm IST
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BDO Unibank, Inc. board of directors, at their meeting held on January 4, 2014, approved resignation of Mr. Erlaster C. Sotto, senior vice president seconded to BDO Capital and Investment Corporation, effective January 1, 2014 and approved resignation of Ms. Georgiana A. Gamboa, senior vice president of the bank, seconded to BDO Leasing and Finance, Inc. as president, effective January 31, 2014.
The board of directors also approved declaration of cash dividend on the bank's common shares of PHP 0.30 per share as of end of each quarter in 2014 or total of PHP 1.20 with record and payment dates to be set after approval by the Bangko Sentral ng Pilipinas.
BDO Unibank, Inc. is a Philippines-based universal bank. The Company's segments include Commercial banking, Investment banking, Private banking, Leasing and financing, Insurance, and Others. The Commercial banking segment includes lending (corporate and consumer), trade financing and cash management services for corporate and retail customers. The Investment banking segment provides services to corporate clients outside the traditional loan and deposit products. The Private banking segment provides traditional and non-traditional investment and structured products to high-net-worth individuals and institutional accounts. The Leasing and financing segment provides direct leases, sale and leaseback arrangements and real estate leases. The Insurance segment is engaged in insurance brokerage and the life insurance business by providing protection, education, savings, retirement and estate planning solutions to individual and corporate clients through life insurance products and services.
BDO UNIBANK, INC. 
