Category: BDO Unibank

BDO advances ranking in list of world’s top banks

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BDO Unibank (BDO) has advanced its standing in the list of the Top 1000 World Banks 2015, landing at 255 from previous year’s ranking of 268.

The same list, which was published in the July issue of the UK-based The Banker, also showed the Bank as the undisputed leader in the Philippines in terms of Tier-1 capital, assets, solid performance and robust earnings.

BDO in 2014 delivered a record net income of P22.8 billion driven by the strong expansion of its core businesses. Its capital base during the period stood at P180 billion, with both the capital adequacy ratio (CAR) and common equity Tier 1 (CET1) ratio all comfortably above the regulatory minimum under the Basel III framework at 14.6 percent and 12.4 percent, respectively.

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 Asiamoney, Alpha Southeast Asia, FinanceAsia and Euromoney.

BDO key executives cited for corporate governance excellence

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An indication that BDO Unibank’s corporate governance practices are among the best in the region was again reinforced in the recently held 5th Asian Excellence Award 2015 led by the Hong Kong-based publication Corporate Governance Asia.

The Bank was cited as one of the Philippine companies with the Best Investor Relations, Best Corporate Social Responsibility, Best Environmental Responsibility and Best Corporate Communications Team.

Individual awards were also given to Teresita Sy-Coson, Pedro M. Florescio III and Luis S. Reyes Jr., as among Asia’s Best CEOs, CFOs and Investor Relations Company Professionals, respectively. Sy-Coson is the chairperson of BDO; Florescio is head of treasury; and, Reyes is head of investor relations & corporate planning.

BDO has been a consistent recipient of the Asian Excellence Awards, which annually recognize the achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices, investor relations and communications of the publicly-listed firms, privately-owned entities, state-owned and government-controlled enterprises in Asia.

These awards are in the tradition of the high standards set and uphold by Corporate Governance Asia, the authoritative voice in corporate governance practices in the region. These are meant to motivate excellence among the different layers in corporate hierarchy especially since Asia continues to gain further recognition in the global arena as a preferred investment destination for its robust economic growth.

 

BDO key executives cited for corporate governance excellence

PRNEWS Admin Leave a comment

An indication that BDO Unibank’s corporate governance practices are among the best in the region was again reinforced in the recently held 5th Asian Excellence Award 2015 led by the Hong Kong-based publication Corporate Governance Asia.

The Bank was cited as one of the Philippine companies with the Best Investor Relations, Best Corporate Social Responsibility, Best Environmental Responsibility and Best Corporate Communications Team.

Individual awards were also given to Teresita Sy-Coson, Pedro M. Florescio III and Luis S. Reyes Jr., as among Asia’s Best CEOs, CFOs and Investor Relations Company Professionals, respectively. Sy-Coson is the chairperson of BDO; Florescio is head of treasury; and, Reyes is head of investor relations & corporate planning.

BDO has been a consistent recipient of the Asian Excellence Awards, which annually recognize the achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices, investor relations and communications of the publicly-listed firms, privately-owned entities, state-owned and government-controlled enterprises in Asia.

These awards are in the tradition of the high standards set and uphold by Corporate Governance Asia, the authoritative voice in corporate governance practices in the region. These are meant to motivate excellence among the different layers in corporate hierarchy especially since Asia continues to gain further recognition in the global arena as a preferred investment destination for its robust economic growth.

 

BDO Unibank, Inc. signs MOU with Oxford Business Group

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The key part that rising competitiveness in the Philippines and the country’s improved business climate are playing in attracting foreign direct investment (FDI) will be explored in a forthcoming report to be produced by the global publishing firm, Oxford Business Group (OBG).

The Report: The Philippines 2015 will shine the spotlight on the economic sectors that look likely to gain from higher investment inflows, such as manufacturing and information technology. The publication will also provide updates on the country’s major infrastructure projects which are heightening economic activity, especially across the construction industry.

BDO Unibank, Inc. has signed a Memorandum of Understanding (MOU) for the second year on research with OBG for its forthcoming report. Under the MOU, OBG will have access to the bank’s resources, which will be used to compile the Capital Markets Chapter of The Report: The Philippines 2015.

Regional Editor, Paulius Kuncinas, said the Group had noted in its recent research that the Philippines was gaining ground on its neighbors when it came to attracting FDI.

“Investors have, in particular, noticed the increasing capabilities of the country’s workforce, while the Philippines’ political and economic stability remains a plus,” he said. “We expect public-private partnership projects to drive foreign investment in the coming years as the country moves to roll out its public works and address the Philippines’ housing shortage.”

Eduardo Francisco, President of BDO Capital Corporation & Investment at BDO Unibank, Inc. added that topical issues related to the ASEAN Economic Community, such as the integration of the financial markets, would be looked at in detail with OBG.

“Our first year of partnership with Oxford Business Group highlighted the added dimension that ASEAN integration will bring to the markets,” he said. “I look forward to exploring this further, as full integration draws nearer, and providing investors with key data they can use in their decision-making, including analysis of new products and services from the Philippine Stock Exchange.”

With the Asia-Pacific Economic Cooperation (APEC) Regional Summit set to take place in Manila next year, OBG’s Editorial Manager, Rodrigo Diaz, said the Philippines could expect to garner a higher profile as an international investment destination over the coming months.

“Full ASEAN integration and the APEC summit should both boost the Philippines’ competitiveness, helping the country to build on its strong macroeconomic fundamentals and steady GDP growth,” he said. “I am delighted that our team will benefit once again from BDO Unibank, Inc’s expertise as we plot the next phase of the country’s economic development.”

The Report: The Philippines 2015 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It will contain interviews with leading national and international representatives, including Japan’s Minister for Foreign Affairs Fumio Kishida and the US Secretary of Defense Chuck Hagel. The publication will be available in print or online.