The Asset awards BDO for supporting businesses

MANILA, Philippines — For consistently finding ways to support businesses and entrepreneurs, BDO Unibank was awarded for the 2nd straight year by The Asset with the Best in Treasury and Working Capital - Limited Liability Company (LLC) in the Philippines. The recognition was for its successful partnership with multinationals and large corporate clients.

The bank was also named the country’s Best Service Provider - Cash Management for the third time for being “steadfast and reliable in helping clients with their payment and collection processes.”

The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards recognize companies and financial institutions for their initiatives in corporate treasury management, trade finance, supply chain, and/or risk management. Awardees are assessed based on their service solutions, business statistics, client feedback, and other information during the review period.

Amid the COVID-19 pandemic, The Asset underscored how BDO “demonstrated the ability to offer clients useful technology tools, seeing impressive growth in its e-banking business platform.”

In partnership with BDO, many Filipino enterprises were able to sustain their operations in the past year. While some entrepreneurs availed of BDO loans to enhance their working capital, others leveraged the efficiency and ease of BDO’s Cash Management Services (CMS) to support their collection and payment requirements.

According to The Asset, this year’s winners highlighted “automation in treasury and digital delivery, liquidity and investment, treasury centers and managing exposure in FX, rates, credit, and commodities, which have been key components in treasury management during the COVID-19 pandemic.”