2022 October – BDO Unibank Inc. (BDO) was awarded the Best Bank in the Philippines for the 11th time by Hong Kong-based institutional investment publication Alpha Southeast Asia at the Best Financial Institution Awards 2022.
Best Bank in the Philippines. Siddiq Bazarwala, CEO of Alpha Southeast Asia (center) personally presented various awards including the Best Bank in the Philippines to BDO senior executives at BDO Towers Valero, Makati City.
Present at the awarding were (From L-R): Rafael G. Ayuste, Jr., Sr. Vice President and Head, BDO Trust & Investments Group; Edwin Romualdo G. Reyes, Executive Vice President and Head of Transaction Banking Group, BDO Unibank; Albert S. Yeo, President, BDO Private Bank; Eduardo V. Francisco, President, BDO Capital and Head of Investment Banking Group, BDO Unibank; Dalmacio Martin, Executive Vice President and Head of Treasury Group, BDO Unibank; and Jose Eduardo Quimpo II, President, BDO Securities.
BDO is the country’s largest bank in terms of total assets, loans, deposits and trust funds under management. The Bank has the country’s largest distribution network, with over 1,500 consolidated operating branches and more than 4,500 ATMs nationwide. It also has 16 international offices in Asia, Europe, North America and the Middle East. The Bank also offers extensive digital banking solutions to make banking easier, faster, and more secure for its clients.
In addition to the Best Bank award, BDO and its subsidiaries also won the following awards:
- Best Cash Management Bank in the Philippines for the 7th consecutive year
- Best FX Bank for Hedging Requirements and Best Corporate Treasury Sales & Structuring Team
- BDO Trust: Best Online & Mobile Platform, Best Fund with Optimal Information Ratio and Best Fund Manager for Pension Mandates & Private Retirement Schemes
- BDO Capital: Best Bond House in the Philippines for the 9th time
- BDO Securities: Best Retail Broker in the Philippines
- BDO Private Bank: Best Wealth Management Bank for the 15th straight year
Alpha Southeast Asia evaluated the performance of financial institutions from a business and strategic performance perspective including major strategic initiatives such as digital transformation and new business launches. The judges also assessed the deals and transaction volumes of financial institutions from June 1, 2021 to May 31, 2022.
“These recognitions are a testament to the commitment and dedication of the entire BDO workforce. These awards are for them,” said Nestor V. Tan, President and CEO of BDO Unibank.
Apart from Alpha Southeast Asia Awards, BDO Unibank has received numerous accolades internationally from prestigious publications and organizations such as Finance Asia, Asiamoney, The Asian Banker, The Asset, Asian Banking & Finance, Asian Investor, Corporate Governance Asia, Enterprise Asia, Euromoney, FinanceAsia, Forbes, Global Finance, Institutional Investor, IJ Global, Reader’s Digest, and World Finance.
