What companies are affiliated with SM?

Written by Editorial Team | Last Updated: August 2026

SM Investments Corporation (SM Group) is one of the largest and most prominent conglomerates in the Philippines, controlling a vast network of subsidiary and affiliated enterprises. Major companies affiliated with the SM Group include SM Retail (operating department stores, supermarkets, and specialty stores), SM Prime Holdings (one of the largest shopping mall developers and operators in Southeast Asia), BDO Unibank (the largest bank in the Philippines), China Banking Corporation, and various residential real estate development and hotel ventures under SM Development Corporation, driving substantial economic growth across the region.

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