Should I Start Pulling My Money Out Of Bdo?

[hboss60]

madaming bangko dito ay nagbenta ng NPL nung lumabas yung SPV law. ito ang isang vehicle para mabawasan ng mga bangko ang mga bad loans nila. ito ay binenta ng paluge sa mga banko katulad ng lehman.

 

kung d tayo magtitiwala sa mga bangko tulad ng BDO, Metro at BPI e sa ka pa magbabangko?

 

pag tinago mo sa bahay, mananakawan ka lang.

[sweet06]

thanks sa reply sir..its been more than 6months na kasi na hindi ako nakakapaghulog and im not there sa pinas to ask about there policies.kasi inopen ko yang account na yan dito sa ibang bansa.and when ask the people here,they dont know also.anyways sir,salamat pa din.i will just ask my mom to go and check sa bank

 

 

kadalasan, hindi nagkakaltas ng fee ang bangko basta hindi bumababa ang deposito ng kliyente sa tinatawag na "minimum maintaining balance". maigi na ikunsulta mo ito sa iyong branch manager para makasigurado ka. dapat mo rin alamin kung mayroong patakaran ang bangko mo tungkol sa "dormant account".

[rapturousone]

karamihan ng mga malalaking bangko ngayon ay may website na rin. baka mayroon kang mahanap na impormasyon doon. baka maari ka pang makipagugnayan sa "customer support" gamit ang e-mail para humingi ka ng linaw tungkol sa iyong bank account.

 

thanks sa reply sir..its been more than 6months na kasi na hindi ako nakakapaghulog and im not there sa pinas to ask about there policies.kasi inopen ko yang account na yan dito sa ibang bansa.and when ask the people here,they dont know also.anyways sir,salamat pa din.i will just ask my mom to go and check sa bank

[jetlag143]

i don't think bdo will suffer for the wrong investment they made in the us, they are still strong and financially stable

[pilipsandiego]

i don't think bdo will suffer for the wrong investment they made in the us, they are still strong and financially stable

 

strong and financially stable? look at lehman's, aig, and even citigroup lahat yan sarado na if not bailed out (except lehman)by the u.s government.

 

bdo? hmmm they have used gsis/sss money to take in ebc/pci....no respect at all.

[wizard23]

BDO in spite of its exposure to Lehman, is still insulated somehow, from the global financial crisis happening in the US. sure, their performance this year is down compared to last year because of the Lehman exposure. but my gut feel is that BDO is still safe and stable. imagine the implications to the economy, if BDO will have a bank run...the Sy family is still cash rich to allow that to happen to their baby.

 

btw, i don't have any deposit nor investment interests with BDO...

[hitomi]

uy i just heard that BDO surpassed Metrobank as the largest bank.

 

not in terms of capital though - in assets, deposits, loans and assets under management lang

 

so pinaka liquid ang BDO now, tama ba?

Edited December 4, 2008 by hitomi

[Dr_PepPeR]

uy i just heard that BDO surpassed Metrobank as the largest bank.

 

not in terms of capital though - in assets, deposits, loans and assets under management lang

 

so pinaka liquid ang BDO now, tama ba?

 

Not necessarily.

[sleep_heavy]

I would like to wait until the

Next Quarter to say what is what.

Maybe BDO can participate with the

"too big to fail" program in the Economy

They cannot just allow banks as big as that

to fail. Still tanking out on the Millenium

Challenge fund because Aroyos alipores

suck at being corrupt, does add financial

burdens. The key element now is to be

very liquid. Liquidity issues on Lehman investments

in BDO is a concern. We still have to see how

Henry handles that. He does want to

buy Philam for a little more expansion

in corporate stretch. But we still have to wait and

See What happens and how they perform. Your

money is insured up to 250 k by the way.

 

[malthus]

i have a friend who's a scion of one of the taipans. he withdrew a lot of his cash from several banks, rented safety deposit boxes,and stuffed his cash in there. that's how scared he is.

 

these "audited" financial statements of the banks are hard to decipher. cant really say how true they are. but what this current crisis has shown is that the bigger they are, the hardder they fall (lehman, goldman, merrill, aig, etc).

[tonyp]

i have a friend who's a scion of one of the taipans. he withdrew a lot of his cash from several banks, rented safety deposit boxes,and stuffed his cash in there. that's how scared he is.

 

these "audited" financial statements of the banks are hard to decipher. cant really say how true they are. but what this current crisis has shown is that the bigger they are, the hardder they fall (lehman, goldman, merrill, aig, etc).

It seems foolish to put your money in a safety deposit bank. What is that bank closes? No need to worry since Bangko Sentral ng Pilipinas cannot afford commercial banks to close. Our auditing standards in the Philippines are stricter than in America.

[malthus]

It seems foolish to put your money in a safety deposit bank. What is that bank closes?

 

It's safety deposit "box" not "banks." You may argue that it's just a typo, but your overall comment just showed you do not fully understand how banks work. Anyways, renting these safety deposit boxes are like renting expensive secure lockers. Whatever you put inside the box is yours, even if the bank closes.

 

 

No need to worry since Bangko Sentral ng Pilipinas cannot afford commercial banks to close. Our auditing standards in the Philippines are stricter than in America.

 

Maybe you're too young to remember Banko Filipino, but dont you remember Urban Bank?

 

If a bank fails or closes, PDIC only covers P250k. Any amount over that is "lost."

[iankupal]

sabi ni madam auring magkakaroon ng hyper inflation so mas mabuti ng kunin yung mga milyones sa bangko hangat maaga at bumili ng ginto, mag stack ng kahong kahong maling at sako sakong bigas.

[howarddeduct]

If a bank fails or closes, PDIC only covers P250k. Any amount over that is "lost."

I've read that Sen. Roxas has proposed a bill doubling the deposit insurance to 500k.

[mmp0gi]

If a bank fails or closes, PDIC only covers P250k. Any amount over that is "lost."

 

250k.. wow, that's it? Do you have a link that you can show?