BDO gets Singaporean partner for ONB rural bank network 0 SHARES Share it! Ltd. (Singapore) is coming in as a strategic partner of BDO Unibank, Inc. in One Network Bank, Inc. (ONB) by acquiring a 15 percent stake in rural bank. BDO said in a disclosure to the Philippine Stock Exchange that it has entered into an agreement with the Singaporean firm to formalize the working relationship between ONB and Osmanthus. BDO will retain a majority 85 percent ownership, providing continued financial and operational synergies to ONB. We are also excited by the prospect of having a partner like BDO who shares our vision of financial inclusion,” said Pang.

Source: Manila Bulletin October 01, 2018 13:52 UTC