percent; With the completion of the merger, BDOU will have a network of 680 branches and 1,200 automated teller machines." Lehman Brothers' exposure On September 17, 2008, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. announced "due to the uncertainty relating to the financial condition of Lehman Brothers, Banco de Oro Unibank Inc. is setting aside provisions totalling 3.8 billion pesos (80.9 million dollars) to cover its exposure to said entity." Banco de Oro failed to disclose the extent of its exposure to Lehman paper, stating "only that its balance sheet should be adequately covered from potential losses arising from its Lehman exposure. The provisions will come from reallocation of excess reserves and from additional provisions in the current period." Banco de Oro, capitalised at P 89.8 billion, closed 15.4% down to P 33. References See also Banco de Oro Equitable PCI Bank Banks of the Philippines Mergers and acquisitions of Philippine companies