Should I take my money somwhere else? (question on Phil. banks)?

[Ken]

The bank i'm currently using(Equitable PCI) is turning/converting into BDO). Should I be worried? (My family is so used to PCI since we have been customers for a long time now and we really don't have a clue of what to expect from BDO.

[oneiloilojeepney]

Well I too have been with EPCI for years here and BDO is one of the bigger banks. So I would be willing to give them a shot.

[Joy]

I wouldn't invest in just one bank.

[Patrick]

Am a depositor of both and have had no problems whatsoever.

[jara]

i think BPI is better...

[windblown]

You do not have to be worried. Banco de Oro is one of the reputable banks in the Philippines. It would be stable enough. The owners also own SM (Shoemart) and they are also entering the real estate department/development.

[Bopols]

I have also been using Equitable PCIBank. Even before PCIBank was bought by Equitable. In fact, the merger was a stronger bank.

With BDO buying, the bank just became even stronger. In fact, they are now seen as the mavericks - - - first to open up to evening, and open in the malls on the weekends. Now other banks are hurriedly reacting.

Henry Sy made a small Escolta shoestore into the SM group. I wonder how even bigger he can make the new and BDO. I wouldn't leave.

(Of course I also keep accounts in other banks, but I wouldn't move anything out of the new BDO).

[Ω allan y]

the merger with bdo and epci will create a mega bank and will not in anyway affect their liquidity or business operations.