ASIAMONEY RECOGNIZES BDO AS BEST DOMESTIC BANK

ANOTHER foreign business and finance publication has recognized BDO Unibank Inc.’s (BDO) leadership in the country’s banking sector, citing particularly its strong standing in assets, loans and deposits segments.
 

Asiamoney, a division of global media group Euromoney Institutional Investor PLC, recently named BDO the Best Domestic Bank in the Philippines in the Asiamoney Best Bank Awards 2014.
 

In a statement, the publication said, “The bank stands tallest for assets, loans, and deposits, possessing respective market shares of 17%, 20% and 18% in the first quarter of 2014”.
 

Asiamoney likewise highlighted BDO’s continued efforts to grow its branch network, expanding its branches by 7 percent in 2013 and adding more in the first quarter of 2014 to reach 822. “This enlarged presence helped it post P22.6 net income in 2013, 56% up year on year,” it said.
 

The publication earlier recognized BDO the Best Managed Company in the Philippines in its 25th Anniversary Special Edition that featured Asia’s list of Best of the Best Managed Companies.

 

BDO joined other prominent organizations that were adjudged based on performance, achievements and financial fundamentals. The barometer used by Asiamoney indicated that the Bank has been a consistent performer over the years.
 

The Bank is ranked the Philippines’ largest bank in terms of total assets, loans, deposits, capital and trust funds under management as of the second quarter of 2014.
 

It is a full-service universal bank that provides a wide range of corporate, commercial and retail banking services that include traditional loan and deposit products, treasury, trust banking, investment banking, private banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services. 
 

In 2013, BDO won the coveted Best Asian Bank award from FinanceAsia, a first ever win for a Philippine bank. 

 

 

 

 

 

 

Member: PDIC, Maximum Deposit Insurance for Each Depositor P500,000