BDO Unibank has been named the Philippines’ best bank by Hong Kong-based financial publication Finance Asia.
At the recently concluded Finance Asia Country Awards for Achievement 2017, Finance Asia attributed the recognition to BDO’s financial performance in 2016, as well as the aggressive expansion of its branch network and Automated Teller Machine (ATM) presence all over the country.
In 2016, BDO posted a record net income of P26.1 billion—in line with its earnings guidance—from P25 billion in 2015.
Finance Asia has also recognized two of the bank’s subsidiaries–BDO Private Bank and BDO Capital & Investment Corp.—as the Best Private Bank, and Best Investment Bank and Best Equity Capital Markets House, respectively. (PR)