Having started as a thrift bank called Acme Savings Bank, Banco De Oro now emerges as the Philippines’ largest bank. Its mission, as stated in its annual reports, is: “To be the preferred bank in every market we serve by consistently providing innovative products and flawless delivery of services, proactively reinventing ourselves to meet market demands, creating shareholders value through superior returns, cultivating in our people a sense of pride and ownership, and striving to be always better than what we are today…tomorrow”—with this being the aim of the company, it has thrived through the years to render quality service to its clients, as well as set standards throughout the banking industry.
Yet, in spite of all the titles it has been receiving, what really lies behind the number one name tagged to BDO? In what aspects does it outshine the other banks and what facets should it yet improve to maintain or even surpass the quality it is giving to its customers? These are the questions that this paper will try to answer as the analysis is being presented in order to somehow give the readers a panoramic view of how this bank has been performing for the recent years.
Framework for Analysis
To answer the presented questions, statements of condition will be first be presented, as well as the corresponding chart for that to show in which parts of the statement of conditions changed. Ratios will also be computed to analyze which aspects have been affected because of the changes in the statements of condition, which will be then compared to the industry average to know how “good” the performance of the bank is. Trend analysis will be incorporated to see through time these various aspects.
Selected Financial Statements
Common Size Statements of Condition
RESOURCES 2008 2007 2006 2005
Cash and other Cash Items 2.9% 3.1% 3.3% 3.1%
Due from Bangko...