Last Monday‚ I started my day doing the Bank Reconciliation of Banco de Oro. It is where a report of bank balance as per company’s accounting records compares with the balance stated in the bank statement. Before I started this task‚ my supervisor told me that I should know first what the purpose of reconciling is. The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences
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--------------- 19 6. References------------------------------------------------------------------------------------------ 20-21 I. Introduction In the field of banking nowadays‚ one of the leading names is Banco de Oro or more popularly known as BDO. Presently‚ it is the largest bank in the country in terms of assets‚ loans and deposits. BDO is owned by SM Group of Companies‚ also the owner of one of the largest mall chains in the Philippines-the SM Malls. The key persons behind the firm are
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the study Banco de Oro Universal Bank (PSE: BDO)‚ commonly known as Banco de Oro‚ BDO‚ or sometimes BDO Unibank‚ is the largest bank in thePhilippines. It is owned by the SM Group of Companies‚ one of the country’s largest conglomerates and owner of the SM chain of malls. Following theBanco de Oro-Equitable PCI Bank merger‚ the bank has since become Banco de Oro Unibank‚ Inc. Equitable PCI Bank (PSE: EPCI) was one of the largest banks in the Philippines‚ being the third-largest bank in terms of
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commonly known as Banco de Oro and BDO is a major bank in the Philippines. It is owned by the SM Group of Companies‚ one of the country’s largest conglomerates and owner of the SM chain of malls. Following the Banco de Oro-Equitable PCI Bank merger‚ the bank has since become Banco de Oro Unibank‚ Inc. ------------------------------------------------- HISTORY Banco de Oro had its humble beginnings on January 2‚ 1968‚ when it started off as a thrift bank calledAcme Savings Bank. With two branches
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Please give me your insights on the following items regarding Banco de Oro. 1. BBG Organizational structure – your view on this? 2. Identify their strength – whether its their products‚ delivery channel‚ services‚ etc. 3. Perceived weakness of each of these banks so that we learn also from their mistakes or weaknesses. Eg. culture‚ infrastructure‚ morale‚ etc. 4. What is the business model at the branch level like. Is it the primary distribution channel or just deposit generation
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RECRUITMENT AND SELECTION PRACTICES OF SELECTED EMPLOYEES OF BANCO DE ORO IN STA. ROSA LAGUNA A Research Proposal Presented to Faculty of the College of Business Administration and Accountancy De La Salle University – Dasmariñas In Partial Fulfillment of the Requirements for the Degree Bachelor of Science in Business Administration By Gelle‚ Jerica Joyce S. May 2013 ACKNOWLEDGEMENT First and foremost‚ the researchers give thanks to God Almighty for the wisdom and strength
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Question 1: Compare and contrast the strategic service vision of United Commercial Bank and El Banco. The strategic service vision entails four pillars‚ which consist of target market segment‚ service concept‚ operating strategy‚ and service delivery system. In essence‚ the pillars are utilized to improve or modify current services. The first pillar‚ target market segment is essentially the discovery stage. The point of this stage is to determine whom the company is serving and to whose needs
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S&P affirmed Banco Multiva’s credit ratings on a national long-term scale of ‘MxA’ and short-term of ‘MxA-2’. The outlook is stable. At the same time‚ the credit agency affirmed their long-term rating on national scale ratings of ‘mxBBB-‘ of its issuance of subordinated debentures‚ and a rating of ‘mxA’ of stock certificates offered by the bank. The qualified ‘mxA’ debt is more susceptible to adverse effects of changes in circumstances or economic conditions that skilled at senior debt. However‚
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Banco Compartamos Case Study Social innovation and enterprise is one way of eradicating poverty and illiteracy in society. The model that an enterprise takes determines their social impact in the long run. While some organizations maintain their social values over time‚ others abandon or diminish those values and venture into more financially profitable activities (Yunus 205). The paper addresses how the micro-finance business model used by Compartamos Bank compares with the village bank model
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1. Compare and contrast the strategic service vision of El Banco and United Commercial Bank. Strategic Service Vision Element Service Delivery System Providing informal atmosphere to differentiate services Due to focus on the Hispanic customers‚ El Banco allocated the branch at a more convenient location for a easy accessible to the community Hire employees based on Spanish-speaking Operating Strategy Focused on fee-based services‚ such as cash third party checks Offers home mortgage financing to
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