BDO Unibank, Inc. and its two subsidiaries brought home major accolades from Asian Banking and Finance (ABF) for exemplifying banking excellence.
BDO Unibank won the Domestic Cash Management Bank of the Year-Philippines Award and ABF Wholesale Banking Awards while BDO Capital & Investment Corporation was named as the Corporate and Investment Bank of the Year-Philippines Award and received the Green Deal of the Year Award and ABF Corporate & Investment Banking Award. BDO Private Bank won Wealth Management Platform of the Year-Philippines Award and ABF Retail Banking Awards.
The Singapore-based publication recognized more than a hundred banks from 30 countries.
“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,” Publisher Tim Charlton said.
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.
In 2019, BDO enabled over P7 trillion worth of transactions from P5.8 trillion in the previous year. It also launched the Corporate Cash Deposit Machine (CCDM) where clients can deposit cash and update their accounts in real-time.
“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.
The financial publication highlighted BDO Capital’s role as issue manager, underwriter, and book runner for the preferred shares issuances of Petron Corporation and Arthaland Corporation; one of joint solicitation agents for the consent solicitation from bondholders of San Miguel Corporation; and trusted advisor for the 10-year fixed rate bonds due 2024 of PLDT.
At the end of 2019, BDO Private Bank recorded profits at P878 million from P301 million the year before; total assets under management (AUM) at P451.69 billion; and trusted accounts at P70 billion, which grew by 11 percent. The bank attributes its success to the strength of its relationship with its clients and their continued trust.
BDO Private Bank recently introduced physical gold to its suite of investment offerings. Clients who availed of it gained a balanced portfolio, benefited from its hedge characteristic, and enjoyed returns in 2019.
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.”