Larry Posted September 17, 2008 Share Posted September 17, 2008 should I? I don't want to start a bank run or anything but people have been saying that the Lehman collapse is one thing to be mindful of especially when dealing with BDO. as of the moment though, i'm still staying put, because I read somewhere that Lehman (or at least the investment bank) was being bought by Barclay's of London so it won't be a total collapse. But I want to hear what the experts say.. Quote Link to comment
mister_mahilig Posted September 17, 2008 Share Posted September 17, 2008 Better to ba safe than sorry, yes, pull out all your funds from BDO...I did! Quote Link to comment
Larry Posted September 17, 2008 Author Share Posted September 17, 2008 seriously? you really think they're going to get hit that hard? Quote Link to comment
lomex32 Posted September 17, 2008 Share Posted September 17, 2008 Speculations begets speculations Quote Link to comment
centrino Posted September 17, 2008 Share Posted September 17, 2008 Is it gonna hit that hard? I'm thinking of pulling out my funds from BDO as well... Quote Link to comment
LYCHEE Posted September 17, 2008 Share Posted September 17, 2008 i believe the top 5 univ banks have some exposure to Lehman in the form of un-secured notes/bonds...as to the amount of exposure only they and bsp would know. Quote Link to comment
WayKurat Posted September 17, 2008 Share Posted September 17, 2008 bdo has SM on their side! Quote Link to comment
HOT PAPA Posted September 18, 2008 Share Posted September 18, 2008 been to 3 bdo branches, tahimik naman, walang bank run, guess MATATAG talaga....... Quote Link to comment
julz2006 Posted September 18, 2008 Share Posted September 18, 2008 (edited) eto ata pang pa kalma nila http://www.bdo.com.ph/news/17862.asp#divMainNews sananga matatag..wait and see muna.. Edited September 18, 2008 by julz2006 Quote Link to comment
sane Posted September 18, 2008 Share Posted September 18, 2008 Sana naman ndi apektado masyado ang bdo Quote Link to comment
cyrus08 Posted September 18, 2008 Share Posted September 18, 2008 don\'t panic mga bros Quote Link to comment
uvgotmale Posted September 18, 2008 Share Posted September 18, 2008 THIS IS FOR THE INFORMATION OF EVERYBODY HERE... THE MARKET PRICES OF BOTH METROBANK AND BDO WENT DOWN... IT IS NOW UP FOR YOU TO DECIDE ON WHETHER TO PULL OUT YOUR MONEY OR NOT... Quote Link to comment
LYCHEE Posted September 19, 2008 Share Posted September 19, 2008 BDO's total exposure to Lehman is $134million topping 6 other RP banks...that's peanuts to Taipan H. Sy, but reason to make him jittery IF his market base becomes more nervous than he is and over-reacts. Panic is not the order of the day, but BSP must step in to stave off any more fears in the stability of the banking system. Quote Link to comment
Larry Posted September 19, 2008 Author Share Posted September 19, 2008 that's what I was thinking too but after seeing the Lehman FAQ on BDO posted by someone above, i guess it's still okay to have my money there Quote Link to comment
joss Posted September 21, 2008 Share Posted September 21, 2008 kung mag pull out ka sa BDO saan ka naman banko pupunta? Quote Link to comment
jackbrng Posted September 24, 2008 Share Posted September 24, 2008 nye, BDO pa! after all these year na naging aggressive sila sa pag-acquire ng mga banks para maging no. 2 sila, i don't think this crisis will cause them to run, hehehe, Quote Link to comment
HOT PAPA Posted September 25, 2008 Share Posted September 25, 2008 one week have passed, parang walang katinag-tinag, guess matibay talaga....... Quote Link to comment
graphik Posted September 25, 2008 Share Posted September 25, 2008 easy lang .... just dont panik, matatag si tatang Quote Link to comment
denimhead Posted September 25, 2008 Share Posted September 25, 2008 warren buffett just put in 5bill on lehman's .. that should account for something Quote Link to comment
kanguso Posted September 26, 2008 Share Posted September 26, 2008 don't panic people Pag nag withdraw mga depositors bcoz of fear dun lalong mayayari ang mga banks. Yung sa lehman naman i think they have reserves to compensate for the loss. Quote Link to comment
Bitoy Posted September 26, 2008 Share Posted September 26, 2008 I just opened a BDO account today. Their Lehman exposure is not that significant to bring them down. A BDO banker also told me that they have released some extra income to cover for their Lehman exposure. Don't panic as it will just make matters worse. Quote Link to comment
litobuddy Posted September 30, 2008 Share Posted September 30, 2008 I just opened a BDO account today. Their Lehman exposure is not that significant to bring them down. A BDO banker also told me that they have released some extra income to cover for their Lehman exposure. Don't panic as it will just make matters worse. you're the man Quote Link to comment
hugoboss28 Posted October 26, 2008 Share Posted October 26, 2008 (edited) I just opened a BDO account today. Their Lehman exposure is not that significant to bring them down. A BDO banker also told me that they have released some extra income to cover for their Lehman exposure. Don't panic as it will just make matters worse. Thousands of investors did not panic, and they get heavily hit.Be steadfast and update your knowledge about the bank's liquidity.Off course the BDO guy will give you positive feedbacks, but is he truly aware of what's happening? Just a thought to share...... Edited October 26, 2008 by hugoboss28 Quote Link to comment
teban Posted October 29, 2008 Share Posted October 29, 2008 ang pagkakabasa ko nito sa balita lugi na daw sila nyan ang previous gain ata nila is 4 billion something now its only down to 1 billion coz of the market crunch. pero still hehehe Quote Link to comment
rapturousone Posted November 5, 2008 Share Posted November 5, 2008 ang pagkakabasa ko nito sa balita lugi na daw sila nyan ang previous gain ata nila is 4 billion something now its only down to 1 billion coz of the market crunch. pero still hehehe Banco de Oro reported a net profit of Php1.06B for the first 9 months of the year (down 78% year-on-year) implying a loss of Php1.3B for 3Q alone as a result of provisions made in 3Q for its exposure to Lehman via credit linked notes. Earlier, BDO disclosed that it had made Php3.8B worth of provisions against their USD130M exposure. The provision partially came from re-allocation of excess reserves, and the balance charged through the P&L. Outside of trading losses and resulting provisions, BDO's underlying businesss seems alright. Loan growth was at 35% (vs the banking industry's 22% growth) funded by a similar 32% increase in deposits. Despite the losses, BDO reported total Capital Adequacy Ratio of 13.7%, comfortably above the 10% minimum. But again....who knows what else is lurking out there. Quote Link to comment
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