![]() | This article contains promotional content. (September 2012) |
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Company type | Subsidiary |
---|---|
Industry | Finance and Insurance |
Founded | 2004Davao City | , in
Headquarters | Km. 9 Sasa, Davao City, Philippines |
Area served | Philippines |
Key people | Nestor V. Tan (chairman) Jesus Antonio S. Itchon (president) |
Products | Financial services |
PHP 743 million (Q3 2013)[1] | |
Total assets | PHP 87 billion (2022)[2] |
Number of employees | 1,356 (2013)[1] |
Parent | Banco de Oro |
Website | bdonetworkbank.com.ph |
BDO Network Bank (BDO NB), formerly known as One Network Bank (ONB), is a rural bank in the Philippines. Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 branch in Makati and province of Iloilo (including Iloilo City) and a fleet of 135 ATMs throughout the provinces in Mindanao, including 17 localities where it is the sole provider of financial services.[citation needed]
It is the first rural bank in the Philippines to receive the nod of the Philippine Clearing House Corporation (PCHC) to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank.[citation needed] It is also an equity member of MegaLink (now a BancNet member), one of the first banks in Mindanao to join an interbank network.
In December 2014, the bank was acquired by Banco de Oro.[2] The acquisition was completed in July 2015.[3]
To align with the continued expansion of its parent company Banco de Oro (BDO Unibank), it changed its name to BDO Network Bank on August 6, 2019.[4]