MANILA, Philippines - The Bank of the Philippine Islands (BPI) and the Banco de Oro Unibank Inc. (BDO) got the lion’s share of awards given the Alpha South East Asia, the institutional investment magazine that focuses principally on Southeast Asia.
The BPI was named Best Bank and Best Trade Finance Bank, while BDO was named Best Cash Management Bank.
BDO Private Bank was named Best Private Wealth Management Bank while BDO Capital and Investment was named Best Investment Bank and Best Bond House.
The Philippine Equity Partners (PEP) was named Best Broker while the First Metro Investment Corp. was named Best Equity House.
Citi Philippines was named Best Foreign Bank while the Manila Electric Co. (Meralco) was named Best Corporate of the Year.
The awards were decided by the editorial team of Alpha South East Asia on the basis of profitability, shareholder returns, independent league table rankings, market share, transaction volume, size and uniqueness of notable deals undertaken, the extent of banking innovation, case studies and client testimonials.
Alpha Southeast Asia publisher Siddiq Bazarwala said that the awards recognize the capabilities of locally incorporated banks and brokerages in Southeast Asia, at a regional level.
“Instead of polling, we internally evaluated and reviewed the financial and non-financial credentials of over 210 departments within local banks and financial institutions from throughout the region, making this the most conclusive award in banking and finance in Southeast Asia,” Bazarwala added.