MANILA, Philippines - For the third year in a row, the Hong Kong-based financial publishing firm FinanceAsia has named BDO Unibank, Inc. (BDO) the Best Bank in the Philippines for 2012.
“While loan growth has plateaued in the Philippines, BDO Unibank still posted above-industry performance during the past 12 months, increasing the size of its loan book by 23 percent versus an industry average of 18 percent. This commitment to the market, even during tough economic times, is why the bank maintains its market dominance,” FinanceAsia said in its Country Awards For Achievement 2012 report.
Apart from bagging the most coveted award, BDO was also recognized by the foreign publication as the country’s Best Foreign Bank for “consistently topping the FX dealer charts”.
BDO subsidiary, BDO Capital and Investment Corp. (BDO Cap), meanwhile won two awards – Best Investment Bank and Best Bond House – given its role on the largest and best capital markets transactions and significant bond deals in the Philippines in the past 12 months. BDO Cap is a consistent winner of the Best Investment Bank award since 2006.