BDO Clinches Multiple Awards; Named Best Bank in the Philippines for 12th Consecutive Year

BDO Unibank Inc. (BDO) has once again earned the title of Best Bank in the Philippines for the 12th consecutive year, as bestowed by the esteemed Hong Kong-based institutional investment publication, Alpha Southeast Asia, during the 17th Best Financial Institution Awards 2023.

As the largest bank in the country based on total assets, loans, deposits, and trust funds under management, BDO continues to lead the industry. With a vast distribution network comprising over 1,600 consolidated operating branches and more than 4,700 ATMs nationwide, it maintains a prominent presence. Additionally, BDO extends its influence globally with 16 international offices spanning Asia, Europe, North America, and the Middle East.

Recognized for its commitment to innovation, BDO provides extensive digital banking solutions that enhance the ease, speed, and security of financial transactions for its clients.

In Photo: Siddiq Bazarwala, CEO of Alpha Southeast Asia (center) handed the awards to BDO Singapore officers, including the Best Bank in the Philippines at the 17^th Best Financial Institution Awards 2023 in Singapore.  Present at the awarding were (From L-R): Candice Lee, Manager of Institutional Banking, Maria Lennie Vergara, Senior Compliance Officer, Miguel Jose Florescio, AVP of Treasury, Krishna Lucila, Retail Branch Head and Sonny Marpuri, First Vice President, BDO Singapore branch. 

BDO also received the Best Cash Management Bank in the Philippines award for the 8^th consecutive year.  BDO consistently provides streamlined and agile solutions to address clients’ need in managing their cash flow requirements through the Bank’s efficient payments and collections processes supported by its enhanced digital technology.

 

In addition to these awards, BDO Capital & Investment Corporation (BDO Capital), a majority-owned subsidiary of BDO Unibank, Inc., was named as the Best Investment Bank in the Philippines (for the 13^thtime) and the Best Bond House in the Philippines (for the 10^th time). BDO Capital continues to retain market leadership in the domestic investment banking industry with the company’s solid capital strength and stability, strong distribution capability and customer-centric approach with its customized, optimal solutions to achieve clients’, issuers’ and investors’ business goals.

 

Alpha Southeast Asia evaluated the performance of financial institutions from a business and strategic performance perspective including major strategic initiatives such as digital transformation and new business launches.  The judges also assessed the deals and transaction volumes of financial institutions from June 1, 2022 – May 31, 2023.

 

“We are truly grateful for this honor. Addressing the evolving needs of our customers is at the core of everything we do. These awards are for our passionate and hard-working team members, the driving force behind our success.” said Nestor V. Tan, President and CEO of BDO Unibank.  

 

Apart from Alpha Southeast Asia Awards, BDO Unibank has received numerous accolades internationally from prestigious publications and organizations such as Finance Asia, Asiamoney, The Asian Banker, The Asset, Asian Banking & Finance, Asian Investor, Corporate Governance Asia, Enterprise Asia, Euromoney, Forbes, Global Finance, Institutional Investor, IJ Global, Reader’s Digest, and World Finance.