BDO group reaps Asian Banking and Finance awards

Published October 5, 2020, 7:00 AM

by James A. Loyola

BDO Unibank, Inc. and its two subsidiaries reaped major accolades from Asian Banking and Finance (ABF) for exemplifying banking excellence.

BDO Unibank got the Domestic Cash Management Bank of the Year-Philippines Award and ABF Wholesale Banking Awards while BDO Private Bank received the Wealth Management Platform of the Year-Philippines Award and ABF Retail Banking Awards.

BANKING EXCELLENCE-Tim Charlton, editor-in-chief of Asian Banking & Finance, hosted a virtual awarding and Q&A with BDO executives: Mario Deriquito (top center),president of BDO Foundation; Albert Yeo (top right), president of BDO Private Bank; Edwin Reyes (bottom left), executive vice president and transaction banking head of BDO Unibank; and Eduardo Francisco (bottom right), president of BDO Capital.

Meanwhile, BDO Capital & Investment Corporation bagged the Corporate and Investment Bank of the Year-Philippines Award and Green Deal of the Year Award and the ABF Corporate & Investment Banking Awards.

The Singapore-based publication recognized more than a hundred banks from 30 countries.

Publisher Tim Charlton said: “As we have seen in this year’s winners, banks were still able to navigate and up their game even during the pandemic. We are looking forward to seeing how they will continue to provide the best service to clients in spite of these very difficult times.”

For the third straight year, ABF awarded BDO Unibank with the Domestic Cash Management Bank of the Year-Philippines for its “ingenuity in applying digital and practical solutions to provide a suite of convenient cash management solutions” for their clients.

The publication underscored the bank’s efforts in giving clients greater access to cash through its expansive network of branches and ATMs.

“BDO Capital continues to prove why it is the top investment house in the Philippines,” said ABF for awarding BDO Capital with the Corporate and Investment Bank of the Year-Philippines for the third consecutive year.

It noted the bank’s efforts as “advisor and deal arranger of several merger and acquisition (M&A) deals across several industries that include fast-moving consumer goods, healthcare, real estate, insurance, amongst others.”

ABF also recognized BDO Capital with the Green Deal of the Year-Philippines Award for its role as sole transaction manager, lead arranger, and book runner in funding the country’s largest solar power plant in Cadiz City, Negros and helping advocate sustainable and renewable power development.

BDO Private Bank attributes its success to the strength of its relationship with its clients and their continued trust.

For ABF, the bank’s success translates to being “the preferred wealth management platform amongst high net worth and emerging wealthy clients in the Philippines.”