BDO’s online, mobile services fail

Banco De Oro's online and mobile banking services went down on Monday.

"Our Online and Mobile Banking services are unavailable at the moment," the bank said on Facebook.

"We sincerely apologize for any inconvenience this may cause. We assure you that we are working to restore these as soon as possible," it added.

According to a report on "24 Oras", the service resumed after a few hours.

In June 2017, BDO was under review of the BSP after several accounts were reported to have fell prey to skimming attacks.

After a review, the Monetary Board of the BSP in November 2017 found BDO compliant with the central bank requirements.

In July this year, the bank was recognized by the BSP in July as the commercial bank that generated the largest amount of remittances from overseas Filipino.

Originally known as Acme Savings Bank, BDO was acquired by the SM Group in 1976.

Its local subsidiaries include BDO Private Bank, Inc.; BDO Leasing and Finance, Inc.; BDO Capital & Investment Corporation; BDO Nomura Securities, Inc.; and BDO Insurance Brokers, Inc.

The company also has foreign subsidiaries in the US, Hong Kong, Italy, Japan, Canada, and Macau.

Its associates include NLEX Corporation; SM Keppel Land Inc.; Northpine Land Inc.; Taal Land Inc.; and MMPC Auto-Financial Services Corporation. —with Jon Viktor Cabuenas/NB, GMA News