Nestor Tan unloads P12 million BDO shares weeks after Sy-blings’ bank reaches all-time high

The big boss of the country’s biggest lender took a bit of profits from his holdings in the bank.

BDO president and CEO Nestor V. Tan sold a total of 81,080 shares at a price range of P147 to P151.50 from April 29 to 30.

BDO hit a record high of P160.70 on April 1.

Tan still has 23.7 million BDO shares worth P3.5 billion.

The De La Salle and Wharton-bred Tan Tan, who has been with BDO since 1998, was given a five-year extension in 2022.

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