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This Sunday is Mang Inasal's National Halo-Halo Blowout Delivery Exclusive

Mang Inasal , the Philippines’ Halo-Halo Destination, extends its level up summer treat to it customers across the country with the National Halo-Halo Blowout Delivery Exclusive happening this Sunday (April 21). Delivery patrons will get ₱20 discount on their   Mang Inasal Extra Creamy Halo-Halo Small Size when they order via Mang Inasal Delivery App,   www.manginasaldelivery. com.ph , and other delivery channels. On digital, netizens can join in the ongoing  # MangInasalLevelUpSARAP Challenge  by simply posting on Facebook and TikTok their level up summer with Mang Inasal Extra Creamy Halo-Halo. The challenge will end on May 31 and winners will receive exciting Mang Inasal e-Gifts. The Level Up Sarap festivities continue with the nationwide 'Level Up Sarap Halo-Halo Caravan' where customers can enjoy free entertainment, free games, and free Mang Inasal Extra Creamy Halo-Halo. The caravan will run from May until June. Want more Mang Inasal exclusives NOW? Visit   www.manginasal

BDO posts P42.8 Bn income in 2021 and P11.7 Bn in 1Q 2022

 P1.00 special cash & 20% stock dividend declared; Hike in authorized capital approved 



In the Bank’s Annual Stockholders’ Meeting held virtually today, BDO Unibank, Inc. (BDO) President Nestor V. Tan reported that the Bank delivered a 51% increase in net income to P42.8 billion for full-year 2021, with the Bank sustaining its growth momentum through the first quarter of this year as earnings rose by 13% year-on-year to P11.7 billion. These positive results were achieved on the back of the Bank’s strong core businesses. 


In the same meeting, BDO stockholders approved the declaration of stock dividends equivalent to 20% of the Bank’s outstanding capital stock, as well as an increase in the Bank’s authorized capital stock (common shares) from 5,500,000,000 to 8,500,000,000 shares, and the amendment to the Bank’s Articles of Incorporation to reflect the increase. The record and payment dates for the stock dividend are still subject to regulatory approvals. 


At the Bank’s Special Board of Directors meeting held earlier today, the Board also approved a P1.00 special cash dividend on the Bank’s common shares. Record date for the special cash dividend has been set on May 6, 2022 and payment date is on May 31, 2022. 


The special cash and stock dividend declaration is a testament to BDO’s commitment to provide consistent, steady returns and value to its shareholders on the back of the Bank’s positive performance in 2021 and 1Q 2022.


On the stock dividends, shareholders will gain additional shares which they may either keep for the long-haul and grow in value, or in case they need liquidity, sell through the stock market at their discretion. Record and payment dates of the stock dividends shall be fixed and disclosed after securing regulatory approval, within the periods provided by law. 


Meanwhile, the hike in BDO’s authorized capital stock provides the Bank flexibility to increase its capital during periods of rapid organic growth or in the event of inorganic opportunities. This will allow BDO to continue to expand its business, strengthen its franchise, and deliver quality earnings to position the Bank for long-term sustainable growth.


BDO’s Return on Average Common Equity (ROCE) for the 1Q 2022 increased to 11.09% from 10.56% in the same period last year. The Bank’s Book Value per common share rose to P96.47 as of end-March 2022 for a 7% year-on-year growth.


The Bank’s ability to expand its business is dependent on prevailing business conditions and the Bank’s financial position.


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