Monday, April 23, 2018
Close  
  • share this

BDO bags Asia award

/ 10:49 PM September 13, 2013

TYCOON Henry Sy-led Banco de Oro Unibank was named “Best Asian Bank” for 2013 by FinanceAsia, making history as the first Philippine bank to win the prestigious regional award.

BDO was chosen from a shortlist that included ICBC (China), HDFC (India), Bank Central Asia (Indonesia), Shinhan Financial (Korea), Public Bank (Malaysia), DBS (Singapore), CTBC (Taiwan) and Siam Commercial Bank (Thailand).

FinanceAsia announced in a newsletter Friday that BDO had broken the winning streak for Malaysia’s Public Bank, which has won the award for the last three years.

ADVERTISEMENT

“It represents the first time FinanceAsia has given this award to a Philippine bank, reflecting the rise in fortunes of the country, notably its improved credit rating,” the newsletter said.

FinanceAsia said the award was determined by ranking the winners of “Best Bank” in each market along several criteria, with data provided by SNL Financial. The criteria included year-on-year change in profitability, net interest margin, loan-to-asset ratios, return on equity, price-to-book ratios, non-performing loan levels and analyst ratings as well as credit ratings. Doris C. Dumlao

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: ‘best Asian bank’ award, Banco de Oro, Business, FinanceAsia
For feedback, complaints, or inquiries, contact us.
lifestyle

‘Stayin’ Alive’ in a nation of lifesavers

April 24, 2018 05:01 AM

opinion

‘Sister Pat is a friend, not enemy’

April 24, 2018 05:01 AM

sports

Tanduay Athletics’ spirits rise with MPBL

April 24, 2018 05:01 AM

newsinfo

Bato sure to fail as BuCor chief

April 24, 2018 05:00 AM



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved