BDO Unibank, Inc. (BDO) moved up in the ranking of the Top 1000 World Banks to 243rd from 255th place the previous year, based on the 2016 lsit released by UK-based publication The Banker.
Also, the same list showed BDO as still the leading bank in the Philippines given its strength, size, healthy earnings, and stable performance.
BDO in 2015 boosted its net income to an all-time high of PhP 25.0 billion on robust growth across all business segments. This represents an increase of 10% year-on-year, matching the Bank’s earnings guidance for 2015 despite the challenging operating environment. The Bank also achieved another milestone by becoming the first domestic bank to reach the PhP 2.0 trillion mark in total assets.
The Top 1000 World Banks ranking has been setting the industry benchmark since the 70s, providing comprehensive intelligence about the health and wealth of the global banking sector. It allows investors and clients all over the world to evaluate the strength and weakness of the banks, identify banking partners for the future, and track the big movers and new arrivals in the sector.
The Banker is among the several international publications that consistently recognizes BDO’s strong performance in the local banking sector. So far this year, BDO has received Best bank in the Philippines awards from Alpha Southeast Asia, Asian Banker, Asia Money and FinanceAsia.