The Banker names BDO Bank of the Year in Philippines

MANILA, Philippines — BDO Unibank was named the Bank of the Year in the Philippines at the recently held Bank of the Year Awards 2021 of The Banker.

In handing out the award, the London-based financial publication commended the digital solutions BDO deployed in 2021, stating that the modernization prompted better customer service, increased resiliency, and enhanced cybersecurity.

The deployment of the digital solutions has allowed bank clients to open accounts online, make paperless in-branch transactions, and do card-less ATM banking using biometrics or QR codes. Moreover, they can now link together their BDO accounts in one mobile wallet called BDO Pay, and make online peer-to-peer and consumer transactions easier and faster.

The Banker pointed out that all these efforts allowed “[greater efficiency and] faster turnaround time on transactions as well as greater access to banking systems through an increased number of channels and touchpoints.”

It also lauded BDO’s continued efforts to cater to various customer segments, through the bespoke wealth management products of its subsidiaries: BDO Private Bank, BDO Trust and Investment, BDO Prime and BDO Securities.

“We will continue to broaden our market reach to improve customer access and strengthen our presence in underserved areas through BDO network bank’s branch expansion outside Metro Manila, complemented by our digital capabilities,” BDO president and CEO Nestor Tan said.

The latest Bank of the Year in the Philippines Award is BDO’s fourth from The Banker, having received the same accolade in 2013, 2017 and 2019.