BDO

HENRYSY
Henry Sy’s story was a ‘rags to riches’ kind of
tale.
Born in Fujian, China, he moved with his family
to the Philippines at age 12. While his family
returned to China, he stayed behind and
founded ShoeMart, a small Manilla shoe store,
in 1958. Over the decades he developed
ShoeMart into SM Investments,
For eleven straight years until his death, Sy
was named by Forbes as the richest person in
the Philippines.
Henry Sy was not born with a silver spoon in
his mouth. Wanting to escape poverty,
Henry followed his father to the Philippines
only to experience a miserable youth in a
foreign country.
Henry Tan Chi Sieng Sy Sr. October 15, 1924 –
January 19, 2019) was a Chinese-Filipino
business magnate and philanthropist known for
his involvement in the Philippines' retail
industry.
BDO is a full-service universal bank which
provides a wide range of corporate,
commercial and retail banking services.
BDO Unibank is also a member of SM
Group owned by the late Henry Sy. It is also the
largest bank in the country by market
capitalization.
BDO Unibank was established on January 2,
1968, as Acme Savings Bank, In November
1976, Acme was renamed Banco de Oro
Savings and Mortgage Bank.
Sy was married to Felicidad Tan, who was a
shoelace vendor.
Determined to become successful, he worked
hard day and night to provide for his needs.
Sy started out with a small sari-sari store
business that helped them in their day-to-day
life.
 Sy did not have an overnight success.
He enrolled himself to school and was able to
graduate college with a degree in commerce
from Far Eastern University.
 After a series of failures in his business, Henry
Sy stood back up and persevered to attain his
goal.
 He established a small shoe store in Quiapo,
Manila in 1958 named “Shoe Mart” that
eventually marked the establishment of SM
Prime Holdings.
BDO has one of the largest distribution
networks, with 875 opening branches and 2,542
ATMs nationwide.
BDO Unibank Inc. aims to end the year with
In the nine months to September last year, BDO saw its net a record
net profit
profit of percent
rise 10 P28.81 to billion,
P19.3 riding
billion, on a robust
boosted by higher
economy which
earnings from is seen
its core to lead
lending, to higher demand
deposit-taking and fee- for
consumer loans.
based businesses.
The bank loan
Customer alsoportfolio
sees itswent
net interest income
up 15 percent to P1.4 trillion
while total deposits
expanding grewto
16 percent 14P76.55
percentbillion
to P1.8and
trillion, fueled
operating
by the 21 percent jump in low-cost deposits.
income increasing 4.5 percent to P42.8 billion.
BDO Unibank, Inc's main competitors are major Philippine
Assets are forecast to grow 14 percent to P2.6
banks like Metrobank and BPI.
trillion.
With his inspiring story, one can learn about the ideals
of success. Sy tells us not to give up on our
dreams, no matter how far-fetched it seems. I took the
Sy family 60 years to get to where they now. Starting
off with 10 centavos in his pocket, Henry Sy Sr. is now
the Philippines’ Richest Man withan estimated $12.7
billion personal fortune as of end-2016. Success is not
just a goodluck: it is a combination of hardwork, good
credit standing, opportunity, readiness and timing.
Success will not last if you do not take care of it.
 SOURCES/WEBSITES
This page was last edited on 22 June 2019, at 21:43 (UTC).
https://en.wikipedia.org/wiki/Henry_Sy
By PAOLO CHUA | JUN 2, 2018 https://www.townandcountry.ph
This page was last edited on 27 May 2019, at 19:45 (UTC).
https://en.wikipedia.org/wiki/Banco_de_Oro
December 27, 2015 http://primer.com.ph/business/2015/12/27/success-story-
henry-sy-sr/
Posted at Mar 07 2018 02:23 AM | Updated as of Mar 07 2018 02:55 PM
https://news.abs-cbn.com/business
https://www.bdo.com.ph
Posted on January 21, 2014 https://keithnicolas.wordpress.com
January 19, 2019 - 8:10pm https://www.philstar.com/business
https://www.scoopnest.com/user/ABSCBNNews abs-cbn- 5 months ago
Published 7:45 PM, June 28, 2017 Updated 11:56 AM, January 19, 2019
https://www.rappler.com/business/
Feb 1, 2017 @ 3:05 https://www.bilyonaryo.com.ph
CIPRES, JAMES ERWIN D.
SANTIAGO, UNAH KYLA SJ.
ONLAGADA, BETTY A.