The country’s leading lender BDO Unibank has improved its global ranking among banks this year by 12 notches to 243rd place, based on the latest roster of “Top 1,000 World Banks” drawn annually by London-based publication The Banker.
The same list showed BDO keeping its bragging right as the leading bank in the Philippines based on the metrics used by The Banker: Strength, size, healthy earnings and stable performance.
Other banks that made it to this year’s roster and their respective rankings were: Metrobank (285th); Bank of the Philippine Islands (344th); Philippine National Bank (511st); Land Bank of the Philippines (652nd); Security Bank (655th); Rizal Commercial Banking Corp. (660th); China Bank (669th); Union Bank (760th); East West Bank (920nd) and Philtrust Bank (997th).
BDO ranked 255th in the 2015 ranking made by The Banker, whose annual global ranking of banks has set the industry benchmark since the 1970s, providing comprehensive intelligence about the health and wealth of the global banking sector.
The annual list helps investors and clients all over the world to evaluate the strength and weakness of the banks, identify banking partners for the future and track the big movers and new arrivals in the sector.
In 2015, BDO chalked up an all-time high net income of P25 billion on robust growth across all business segments. This represented an increase of 10 percent year-on-year, matching its earnings guidance despite the challenging operating environment. It was also the first Philippine bank to reach the P2-trillion mark in total assets.
Earlier in the year, BDO also received the “Best Bank in the Philippines” awards from Alpha Southeast Asia, Asian Banker, Asia Money and FinanceAsia. Doris Dumlao-Abadilla