Global Finance cites BDO

MANILA, Philippines - BDO Unibank Inc., the main banking unit of the SM Group of Companies, has been cited by Global Finance as one of the best emerging markets banks in Asia-Pacific for 2014.

Global Finance, a leading business and finance publication with headquarters in New York, said BDO joins the list along with other prominent banks in different countries.

The winners were chosen by Global Finance editors with input from industry analysts, corporate executives and banking consultants, based on criteria that include growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

“Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions,” Global Finance publisher and editorial director Joseph D. Giarraputo said.

“The banks that Global Finance is honoring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve,” he said.

BDO ranks as the largest bank in the Philippines in terms of total assets, loans, deposits, capital and trust funds under management based on published statements of condition as of Dec. 31, 2013.

It is a full-service universal bank which provides a wide range of corporate, commercial and retail banking services.

These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services. 

Last year, BDO won the coveted Best Asian Bank award from FinanceAsia, a first ever triumph for a Philippine bank.