Best Bank by FinanceAsia for 4th Straight Year
Press Release
BDO named Best Bank by FinanceAsia for 4th straight year
THE Hong Kong-based financial publishing firm FinanceAsia has named BDO Unibank, Inc. (BDO) the Best Bank in the Philippines for the fourth consecutive year.
In the recently concluded Country Awards 2013, FinanceAsia cited BDO’s ability to stay ahead of its peers given its strong business franchise, low-cost funding, quality assets and extensive distribution network.
“It has also diversified its business, expanding into consumer lending and middle-market businesses to complement its strength in corporate banking,” FinanceAsia added.
Aside from winning the most coveted award, BDO’s wholly owned subsidiary BDO Capital and Investment Corp. (BDO Capital) was likewise recognized by FinanceAsia as the country’s Best Investment Bank and Best Equity House.
The international publication said BDO’s investment arm has established itself as the market-leading investment bank in the Philippines.
“It is helped by the pedigree of its parent companies – BDO Unibank and SM Investments. These relationships certainly make deal origination easier. But BDO Capital has plenty of pedigree in its own right and is the partner of choice for many international banks doing business in the Philippines,” it said.
BDO Capital has also done majority of the equity and debt fund-raising exercises for large business groups such as DMCI, Metro Pacific, Aboitiz and Ayala.