BDO named best Philippine bank

For the third year in a row, Hong Kong-based financial publishing firm FinanceAsia named BDO Unibank Inc. the Best Bank in the Philippines for 2012.

“While loan growth has plateaued in the Philippines, BDO Unibank still posted above-industry performance in the past 12 months, increasing the size of its loan book by 23 percent versus an industry average of 18 percent. This commitment to the market, even during tough economic times, is why the bank maintains its market dominance,” FinanceAsia said in its Country Awards for Achievement 2012 report.

BDO was also recognized by the publication as the country’s Best Foreign Bank for “consistently topping the FX dealer charts.”

BDO subsidiary BDO Capital and Investment Corp. (BDO Cap) won two awards—Best Investment Bank and Best Bond House—given its role on the largest and best capital markets transactions and significant bond deals in the Philippines in the past 12 months.