Iconic MNL

Philippines' leading lifestyle portal.

  • HOME
  • FEATURED
    FEATUREDShow More
    Redmi Note 14 Review
    Redmi Note 14 Review: Affordable Smartphone with Impressive Features
    Celebrate Love Month at Pico Sands Hotel
    Celebrate Love Month at Pico Sands Hotel: A Romantic and Family-Friendly Escape
    February 18, 2025
    Park Inn by Radisson North Edsa Deluxe Room
    Park Inn by Radisson North Edsa: A Perfect Urban Getaway
    January 27, 2025
    Celebrating My Birthday in Style at Lanson Place Mall of Asia
    Celebrating My Birthday in Style at Lanson Place Mall of Asia
    January 25, 2025
    How Sylvester Sy Transformed His Passion for Photography into Inspiring Content Creation
    How Sylvester Sy Transformed His Passion for Photography into Inspiring Content Creation
    February 4, 2025
  • LATEST NEWS
  • TECH
    • DIGITAL TRENDS
    • SMARTPHONES & TABLETS
    • DESKTOPS & LAPTOPS
    • WEARABLES
    • PERIPHERALS
    • MONITOR
    • GAMING
    • APPLIANCES
    • AUTOMOTIVE
    • TELCO
    • TECH REVIEW
  • LIFESTYLE
    • TRAVEL
      • ACCOMMODATION
      • FLIGHTS
    • SHOPPING
    • FINANCE
      • FINTECH
      • REAL ESTATE
    • FOOD + DRINKS
    • FASHION
    • ENTERTAINMENT
  • HEALTH & WELLNESS
    • FITNESS
    • BEAUTY
    • HAIR
    • TREATMENTS
  • CONTACT
Notification Show More
Font ResizerAa

Iconic MNL

Philippines' leading lifestyle portal.

Font ResizerAa
  • HOME
  • FEATURED
  • LATEST NEWS
  • TECH
  • LIFESTYLE
  • HEALTH & WELLNESS
  • CONTACT
Search
  • HOME
  • FEATURED
  • LATEST NEWS
  • TECH
    • DIGITAL TRENDS
    • SMARTPHONES & TABLETS
    • DESKTOPS & LAPTOPS
    • WEARABLES
    • PERIPHERALS
    • MONITOR
    • GAMING
    • APPLIANCES
    • AUTOMOTIVE
    • TELCO
    • TECH REVIEW
  • LIFESTYLE
    • TRAVEL
    • SHOPPING
    • FINANCE
    • FOOD + DRINKS
    • FASHION
    • ENTERTAINMENT
  • HEALTH & WELLNESS
    • FITNESS
    • BEAUTY
    • HAIR
    • TREATMENTS
  • CONTACT
Follow US

Home - LATEST NEWS - BDO and subsidiaries earn top FinanceAsia Awards

LATEST NEWS

BDO and subsidiaries earn top FinanceAsia Awards

BDO Unibank and its subsidiaries received top honors at the FinanceAsia Awards.

By Iconic MNL
Published: August 28, 2020
Share
4 Min Read
BDO and subsidiaries earn top FinanceAsia Awards
SHARE

FinanceAsia presented BDO Unibank, Inc. and two of its subsidiaries with top honors during its annual Country Awards, which recognizes the best banks, brokers, and law firms across Asia.

BDO was named Best Bank in the Philippines for the 13th straight year. BDO Private Bank, on the other hand, was recognized as the Best Private Bank in the Philippines—a prestigious title it has held since 2008. Meanwhile, BDO Capital & Investment Corporation was awarded the Best Equity Capital Market (ECM) House in the Philippines, which it also got in 2017.

“The competition is always fierce, but this year it also took place against an unprecedented global backdrop thanks to COVID-19. What stood out was the banks’ resilience and their ability to adapt to fast-changing conditions, not least in enabling most of their employees to successfully work from home,” said FinanceAsia about this year’s winners.

BDO and subsidiaries earn top FinanceAsia Awards

Best Bank

FinanceAsia attributed BDO’s over-a-decade hold of the Best Bank in the Philippines Award to its continued efforts to uphold financial inclusion and enhance consumer and mid-market lending.

The bank reported a 35% increase in its year-end income amounting to P44.2 billion for 2019. Most recently, it logged P4.3 billion representing half-year earnings for 2020.

Amid the pandemic, BDO keeps its products and services within reach through its expansive nationwide network of branches. The financial institution, however, encourages its clients to use online banking instead to keep themselves and their loved ones safe.

Best Private Bank

BDO Private Bank had an impressive 2019, more than doubling its net profits to P878 million at the end of 2019 from P301 million in 2018.

FinanceAsia identified the local government’s move to reduce death duties on estates from 20% to 6% as an income driver for the bank’s inheritance and tax planning business. Another driver, according to the publication, was the changing mix of foreign and domestic investments, which expanded the bank’s offerings and shifted its clients’ ratio of peso and foreign currency holdings.

While physical events are on hold, BDO Private Bank has turned to digital by frequently hosting webinars to engage with its clientele.

Best ECM House

FinanceAsia called BDO Capital a “runaway winner” for the Best ECM House in the Philippines award. “It was a year when equity capital markets were quiet, but BDO was the only bank that was active across all the main categories,” it said.

In 2019, BDO Capital mounted three landmark projects. One was the Initial Public Offering (IPO) of fruit and beverage kiosk operator Fruitas, which resulted in P896.55 million. Another was the delisting of Travellers International Hotel Group worth P6 billion.

Most prominent of the three was its work for Cemex Holdings worth P12.8 billion, which was not only BDO Capital’s biggest equity deal but also the market’s largest for the year.

Related

Share This Article
Facebook Copy Link Print
Share

Stay Connected

FacebookLike
XFollow
PinterestPin
InstagramFollow
TiktokFollow
Google NewsFollow

Latest News

GLAM Grand Media Art Café in Pampanga
GLAM Grand Media Art Cafe in Pampanga: Where Coffee Meets Creativity and Immersive Art
FOOD + DRINKS
July 10, 2025
Anko opens its third and largest store in TriNoma Mall Anko roo and Anko ala
Anko TriNoma: The Brand’s Largest Store in the Philippines is Now Open
SHOPPING
July 10, 2025
Xiaomi Sound Party 50W
Xiaomi Sound Party 50W Launches With Special Early Bird Price of ₱3,799 from July 7–16
TECH
July 10, 2025
realme 14 Pro Series 5G Made for Every Moment that Matters
realme 14 Pro Series 5G: Made for Every Moment that Matters
SMARTPHONES & TABLETS
July 10, 2025
Pico de Loro Pickleball Open Invitational
Pico de Loro Cove Set to Host Inaugural Pickleball Open Invitational
TRAVEL
July 10, 2025
Eleven Launches Slurpee Donuts
7-Eleven Launches a Bold and Sweet Take on Slurpee® with Slurpee® Donuts
FOOD + DRINKS
July 9, 2025
Learning Made Lite TechLife Pad Lite inch is set to launch on July
TechLife Pad Lite 8” is set to launch on July 11
TECH
July 9, 2025
Epson Launches the WorkForce Enterprise AM-M5500
Epson Launches the WorkForce Enterprise AM-M5500
PERIPHERALS
July 9, 2025

Follow Us On Facebook

You Might Also Like

Glenfiddich Phase 3 Set Up
LATEST NEWS

Glenfiddich announces MAYANI as Breakthrough Maverick for 2023

March 1, 2024
7-Eleven Brings the Cold to the Tropics with Winter EsCUPades 2025
LATEST NEWS

7-Eleven Brings the Cold to the Tropics with Winter EsCUPades 2025

June 4, 2025
Juan Miguel Salvador & The Authority Band Set to Rock the Hippodrome at Winford Manila
LATEST NEWS

Juan Miguel Salvador & The Authority Band Set to Rock the Hippodrome at Winford Manila

June 18, 2025
Epson announces Call for Entries for the th Epson International Pano Awards Philippines OPNL
LATEST NEWS

Epson announces Call for Entries for the 16th Epson International Pano Awards

April 16, 2025

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Join 68K other subscribers

Quick Link

  • MY BOOKMARKS
  • CONTACT
  • PRIVACY POLICY
  • TERMS OF SERVICE

Top Categories

  • FEATURED
  • TRAVEL
  • DIGITAL TRENDS
  • TECH REVIEW
  • BEAUTY
Follow US
  • Homepage
  • About Us
  • Contact
  • Advertise
 

Loading Comments...
 

    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?