BDO named strongest Phl bank by The Asian Banker

MANILA, Philippines - BDO Unibank Inc. emerged as the strongest bank in the Philippines in the latest 500 Strongest Bank by Balance Sheet Ranking 2014 report by The Asian Banker.

BDO led the ranking on the back of its strong performance across the six parameters the Singapore-based publication used in the evaluation – scale of operations, balance sheet growth, risk management, profitability, asset quality and liquidity.

“BDO Unibank demonstrated overall strength and growth of its balance sheet with improvements to its profitability, while keeping NPL (non-performing loan) in control and overall capital strength,” Foo Boon Ping, managing editor of The Asian Banker, said in a statement.

For the first half of 2014, BDO reported a net income of P11.05 billion coming mainly from sustainable core earnings.