BDO wins major country achievement awards

MANILA, Philippines - The Philippines’ leading bank BDO Unibank, Inc. (BDO) has won major awards, including its 5th consecutive Best Bank award, at the recently concluded FinanceAsia Country Awards for Achievement 2014.  

BDO maintained its position as “the Philippines’ largest bank in terms of gross customer loans, total deposits and assets under management. It recorded its highest earnings ever in 2013 and continues to expand at a robust pace.”

The Hong Kong-based FinanceAsia, in a statement, said the past 12 months [of BDO] have been characterized by a boost in business lending and project finance, leading to loan growth of 19 percent versus an industry average of 16 percent.

“Our judges particularly like the bank’s financing of power and energy-related projects, which aim to help the country solve its looming power crisis, including term-loan facilities for Palm Concepcion Power, SMC PowerGen, Therma South, Minergy Coal and Pagbilao Energy,” the international publication stated.

BDO was named the Philippines’ Best Foreign Exchange Bank for continuing to top all other competitors in the USD/peso spot and forward markets.