December 01, 2018

BDO Unibank Named Strongest Bank in PH

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  • BDO Unibank Named Strongest Bank in PH
  • BDO Unibank Inc. emerged as Philippines’ strongest bank for 2018 in The Asian Banker’s list of  Strongest Banks By Balance Sheet.

    Also read: BDO Private Bank Still Top Private Bank in PH

    BDO earned an aggregate strength score of 3.31, with five being the highest possible total score, from six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity.

    Further, the bank ranked 57th overall out of the 500 Asia Pacific banks and financial holding companies part of the list.

    Also read: BDO’s New Lock/Unlock Feature Lets You Control Your Debit Card Security

    The Strongest Banks By Balance Sheet, headed by The Asian Banker, annually assesses the financial and business performances of Asian Pacific, Middle Eastern, and African banking industry.

    This includes banks from Australia, Bangladesh, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Laos, Macau, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, South Korea, Sri Lanka, Singapore, Taiwan, Thailand, and Vietnam.

    Also read: BDO: We Find Ways

    BDO Unibank Inc. is one of the leading banks in the Philippines. It is a member of the SM Investments Corporation or the SM Group, one of the largest conglomerate in the country. It has investments and businesses in different industries including banking, retail, and property development among others.

    Source: The Asian Banker Strongest Banks By Balance Sheet

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