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ALPHA Southeast Asia named BDO Unibank Inc. the Best Bank and Best Cash Management Bank in the Philippines during its 14th Financial Institutions Award.
The financial publication also recognized the bank’s subsidiaries led by BDO Private Bank, which won the Best Wealth Management Bank in the Philippines for the thirteenth consecutive year. The investment banking arm BDO Capital and Investment, meanwhile, was awarded the Best Equity House award in the Philippines.
Alpha Southeast Asia assessed the deals and transaction volumes of financial institutions based in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam from June 2019 to May 2020. After a “painstaking and intensive” process, it reached the list of winners this year. .
“These are really important awards for BDO, especially during this time. They belong to the bank’s 38,000-employee workforce. Because of their commitment and ingenuity to serving Filipinos amid the new normal, we are now operating 100 percent, a true testament to BDO’s ‘We Find Ways’ philosophy, ”said Nestor V. Tan, President and CEO BDO executive.
Best Bank and Cash Management Bank
BDO has been honored nine times with the Best Bank of the Philippines award at the Financial Institutions Awards. This year, Alpha Southeast Asia highlighted the bank’s resilience in a very challenging environment: “Despite a global economic slowdown, the resilience of the local economy has helped banks like BDO to overcome previous highs, including a significant improvement in performance. profitability, net income and cost of banks. -relation of income, quality of assets and total return for shareholders ”.
The financial publication also underscored BDO’s strategy to ensure cash accessibility to its customers for the fifth time with the Best Cash Management Bank in the Philippines award. He praised the bank’s consultative approach and innovative solutions to meet the ever-changing requirements of its clientele.
Alpha Southeast Asia also highlighted BDO’s contribution to moving corporate payroll from manual cash distribution to automatic account crediting for maximum ease and efficiency.
Best Wealth Management Bank and Equity House
“BDO Private Bank is a unique institution like no other in the Philippines and elsewhere. In a country where the biggest exports are its own people … a niche has been made to serve an emerging segment of wealthy people, ”said Alpha Southeast Asia.
He attributed BDO Private Bank’s 13-year reign as the Best Wealth Management Bank in the Philippines to its open architecture model, which gives clients the freedom to design their investment strategy and achieve the best returns.
While many global private banks experienced cutbacks combined with a historically low level of confidence among high-net worth individuals, the financial magazine noted that BDO Private Bank saw an improvement in its balance sheet, “which is perhaps the greatest proof of why its business model certainly works better. “
During the award period, BDO Capital partnered with several small, medium, and very large companies from various industries and helped finalize their deals. Exemplifying its experience throughout each successful transaction, Alpha Southeast Asia honored BDO’s subsidiary with the Best Equity House Award in the Philippines for the fifth time, calling it “one of the most powerful stock market distribution platforms in the Philippines. nowadays”.
The financial publication predicts that with the country returning to the radar of foreign investors and the performance of the Philippine Stock Exchange improving, BDO Capital is poised to sustain the upward movement of its market share.
Recent Awards
Earlier this year, BDO Unibank brought home other Alpha Southeast Asia titles in the Philippines category.
XI Annual Fund Management Awards:
* Best Asset Manager (Fixed Income Bonds)
* Best online and mobile platform (asset manager)
* Better background with optimal Sharpe ratio
* Best fund manager for pension mandates and private retirement plans
Tenth Annual Treasury and Foreign Exchange Award (FX):
* Best forex bank for structured hedging solutions and proprietary trading ideas
* Best Corporate Treasury Sales and Structuring Team. (PR)
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