BDO Unibank Inc., the country’s largest lender by assets, said Friday its board approved a cash dividend declaration for its series A preferred shares at a rate of 6.5 percent a year at par value.
The banking unit of the Sy Group said the cash dividend totalled P408.4 million. The cash dividend will be paid within 60 banking days from the dividend declaration, or by the end of March.
The board of BDO also approved on Friday the hiring of Arnold Quismorio Bengco as as executive vice president and deputy treasurer effective 17 February, and Rufus Pinto as senior vice president and head of Enterprise Services Group effective 3 March.
The board also appointed SVP Paul John Sia as chief information officer, head of Information Technology Group, subject to BSP confirmation, and member of the IT steering committee effective 3 Februar, replacing SVP Frederic Mark S. Gomez, who will assume a new role under the Office of the President, covering among others, enterprise initiatives and projects.
