BDO honored at 2019 Asian Banking & Finance Awards

TOP STORY – BDO Unibank, Inc., its subsidiaries BDO Capital & Investment Corp. and BDO Nomura Securities, and corporate social responsibility arm (CSR) BDO Foundation, were among over a hundred awardees from 37 countries honored at the Asian Banking and Finance’s 2019 Wholesale Banking Awards, Retail Banking Awards, and Corporate & Investment Banking Awards held in Singapore.

 

The country’s largest bank* bagged the Philippine Domestic Cash Management Bank of the Year at the Wholesale Banking Awards, which recognizes the most outstanding practices and innovative strategies in Asia's wholesale banking sector. This is the 5th time that BDO won in the Cash Management Category and its second consecutive win. Other categories in the Wholesale Banking Awards include Trade Finance, Project, Finance, Technology & Operations, and Foreign Exchange.

 

In winning the Cash Management Category, BDO was lauded for its wide branch and ATM network, which to date total over 1,100 and 4,000, respectively. Through this vast network, the Bank is able to provide innovative end-to-end financial solutions to corporate clients.

 

In the Retail Banking Awards, BDO Nomura won for the first time the Online Securities Platform of the Year (Philippines). BDO Nomura, a subsidiary of the Bank, provides investors in-depth market research, quick execution time and competitive rates. Its platform offers ease of use through simple and paperless online application and fund transfers through its customer’s BDO Deposit Accounts. As a bonus, BDO Rewards Points will be earned for all transactions made. These Rewards Points can be redeemed for products available in SM affiliated stores.

 

Now on its 14th year, the Retail Banking Awards honors outstanding banks that have introduced groundbreaking products and services that successfully adapted with the rapidly evolving tech landscape.

 

Still in Retail Banking, BDO’s CSR arm BDO Foundation won the CSR of the Year - Gold  Award for the third consecutive year. BDO Foundation bagged the award for partnering with the Department of Education and Bangko Sentral ng Pilipinas in bringing financial education to public schools, particularly in the K-12 curriculum, teaching and non-teaching personnel. Last year, it was recognized for its efforts to empower people with disabilities (PWDs) through the development of a community for disabled individuals.

 

Meanwhile, in the Corporate and Investment Banking Awards, BDO Capital won Corporate and Investment Bank of the Year (Philippines), its second consecutive win, for being a “one-stop investment house covering extensive aspects of deals from origination, structuring, and execution funding through its affiliates, secondary market trading, and insurance services.”

 

Banking and Finance Excellence. Representing BDO during the award ceremonies on July 18 were Bernhard G. Tsai (left), first vice president and chief operating officer of BDO Securities Corporation and Edwin G. Reyes, executive vice president and head of transaction banking group of BDO Unibank, Inc.

 

*As of June 30, 2019, BDO Unibank, Inc. ranks as the country’s largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition.

 

Related Stories: