BDO recognized as the Best Bank in the Philippines for the 12th time

  • BDO was named the Best Bank in the Philippines at the 17th Best Financial Institution Awards 2023

  • The bank was also recognized as the Best Cash Management Bank in the Philippines for 8 consecutive years

BDO Unibank Inc. (BDO) was once again named the Best Bank in the Philippines at the 17th Best Financial Institution Awards 2023 by the prestigious, Hong Kong-based institutional investment publication Alpha Southeast Asia.


Awarded for the 12th time, BDO is recognized to be the country’s largest bank in terms of total assets, loans, deposits, and trust funds under management. The Bank has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,700 ATMs nationwide. It also has 16 international offices in Asia, Europe, North America, and the Middle East. Extensive digital banking solutions are available to make banking easier, faster, and more secure for its clients.


Another award conferred to BDO is the Best Cash Management Bank in the Philippines. The bank received the award for 8 years in a row as it consistently provides streamlined and agile solutions to address clients’ needs in managing their cash flow requirements through the Bank’s efficient payments and collections processes supported by its enhanced digital technology.


In Photo: Siddiq Bazarwala, CEO of Alpha Southeast Asia (center) handed the awards to BDO Singapore officers, including the Best Bank in the Philippines at the 17th Best Financial Institution Awards 2023 in Singapore.  Present at the awarding were (From L-R): Candice Lee, Manager of Institutional Banking, Ma-ria Lennie Vergara, Senior Compliance Officer, Miguel Jose Florescio, AVP of Treasury, Krishna Lucila, Retail Branch Head and Sonny Marpuri, First Vice President, BDO Singapore branch.

In addition to these awards, BDO Capital & Investment Corporation (BDO Capital), a majority-owned subsidiary of BDO Unibank, Inc., was named the Best Investment Bank in the Philippines (for the 13th time) and the Best Bond House in the Philippines (for the 10th time). BDO Capital continues to retain market leadership in the domestic investment banking industry with the company’s solid capital strength and stability, strong distribution capability, and customer-centric approach with its customized, optimal solutions to achieve clients’, issuers’, and investors’ business goals.


Alpha Southeast Asia evaluated the performance of financial institutions from a business and strategic performance perspective including major strategic initiatives such as digital transformation and new business launches.  The judges also assessed the deals and transaction volumes of financial institutions from June 1, 2022 – May 31, 2023.


“We are truly grateful for this honor. Addressing the evolving needs of our customers is at the core of everything we do. These awards are for our passionate and hard-working team members, the driving force behind our success.” said Nestor V. Tan, President and CEO of BDO Unibank. 


BDO Unibank is a multi-awarded bank, having received recognition from international, prestigious publications and organizations such as Finance Asia, Asiamoney, The Asian Banker, The Asset, Asian Banking & Finance, Asian Investor, Corporate Governance Asia, Enterprise Asia, Euromoney, Forbes, Global Finance, Institutional Investor, IJ Global, Reader’s Digest, and World Finance.