Makati—(PHStocks)—Hong Kong-based publication FinanceAsia has named BDO Unibank Inc. (PSE: BDO) the Best Bank in the Philippines, while subsidiary BDO Private Bank (BDOPB) was recognized the Best Private Bank in its recently held Country Awards for Achievement 2016.
“BDO Unibank has had a long run winning this award from FinanceAsia, and if anything, it has only further consolidated its position over the past year,” FinanceAsia stated in its anniversary issue.
The publication highlighted BDO’s continued network expansion and leadership in terms of total assets, loans, deposits and trust funds under management.
Meanwhile, BDOPB, the wholly owned subsidiary of BDO for the affluent and high net worth clients, was cited by FinanceAsia saying that while BDOPB has the support of its parent bank, it is still separately organized to focus on the emerging wealthy and high net worth market segment.
“The bank claims to offer comparable services to leading offshore wealth managers. It is hard to disagree,” the publication stated.