BDO named best bank for 4th year

MANILA, Philippines - Hong Kong-based financial publishing firm FinanceAsia has named BDO Unibank Inc. (BDO) the Best Bank in the Philippines for the fourth consecutive year. Wholly owned subsidiary BDO Capital and Investment Corp. was likewise recognized as the country’s Best Investment Bank and Best Equity House. FinanceAsia cited BDO’s ability to stay ahead of its peers given its strong business franchise, low-cost funding, quality assets, extensive distribution network, diversified its business, and an expanded consumer lending and middle-market businesses to complement its strength in corporate banking. BDO Capital has done majority of the equity and debt fund-raising exercises for large business groups such as the leading conglomerates such as DMCI, Metro Pacific, Aboitiz and Ayala. “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.