Wednesday, December 5, 2018

BDO Unibank is the Strongest Bank in the Philippines for 2018

Wazzup Pilipinas!

BDO Unibank Inc. is the Philippines’ strongest bank for 2018, according to The Asian Banker Strongest Banks By Balance Sheet list.

The Asian Banker Strongest Banks By Balance Sheet is an annual assessment of the financial and business performance of the banking industry in the Asia Pacific, Middle East, and Africa region. The banks are rated on a scale of 0-5 in six areas, namely: the ability to scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity.

"The top 20 strongest banks in the Asia Pacific region included 10 Hong Kong banks, four Chinese banks, two Singapore banks, and one each from Australia, Brunei, Japan, Malaysia, and New Zealand. Banks in Hong Kong, Singapore and Australia achieved the highest weighted average strength score, at 4.10, 3.51 and 3.34 out of 5, respectively, except for Brunei, which has only one bank on the list," The Asian Banker said in a statement.

This recognition follows BDO's Mortgage Product of the Year Award at the recently held The Asian Banker Philippines Country Awards 2018. The award recognized the Bank's extensive network as the main driver of its consumer loans business.

BDO has a network of more than 1,000 branches nationwide, the widest in the country. Through this network, the Bank is able to tap opportunities in high-growth areas as well as promote financial inclusion.

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1 comment:

  1. Choosing a good bank to store your savings is very important and I am grateful to the author of the article for talking about such an interesting bank. I believe that asset diversification is important in this business, as in any type of investment, and therefore I chose several banks with deposits in foreign currency to store my money. I chose one of them after reading the reviews on and seeing how people talk about their experience with this bank. If you are also in search, then please pay your attention to the amount of interest on deposits, since too high a percentage can mean certain problems within the banking structure.


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