BDO inks MOU with Japan’s Ashikaga Bank

BDO Unibank Inc. (BDO) and Japan’s Ashikaga Bank, Ltd. (ABL), signed a business alliance agreement through a memorandum of understanding (MOU) to foster partnership that enables Japanese companies to thrive in the Philippines’ diverse markets.

The MOU, with December 23, 2024 as the mutually agreed execution date, aims to further strengthen the relationship between these two banks.

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BDO will provide banking support services to Japanese business entities who are ABL customers and have existing operations or plan to build or expand their business in the country.

ABL, a leading regional bank based in Tochigi Prefecture, is the 17th Japanese bank which has partnered with BDO.

With 134 branches including satellite offices and commercial banking services, ABL has been keeping the major market share in the region.

Incorporated in 1895 with over 70,000 corporate clients, ABL expects to grow its roster of customers in the Philippines with new investments and business matching deals.

As the only bank in the country with comprehensive international desks, BDO offers a multicultural team of relationship managers and advisors who possess extensive international and local banking experience.

Established in 2007, BDO’s Japan Desk has grown, with Japanese speaking personnel dedicated to market and service Japanese companies operating in the Philippines, and service the retail needs of Japanese customers.