BDO gets Best Retail Bank award

The Asian Banker has awarded BDO Unibank Inc. (BDO) the coveted Best Retail Bank in the Philippines award in the recently concluded International Excellence in Retail Financial Services 2016 Awards.

The Singapore-based group, one of the region’s respected providers of business intelligence to the financial services community, attributed BDO’s win to three key factors – offering of extensive products and services, leadership in deposit-taking, and integration of alternative channels for banking transactions.

Responding to the challenge of including more people in the Philippine banking system, The Asian Banker noted BDO’s efforts on constantly finding ways to reach the unbanked population and retain the existing clients.

“Through careful acquisition such as its takeover of One Network Bank, extended banking hours and days, and seven-day banking in shopping mall branches, BDO has widened its footprint and is fulfilling its promise of We Find Ways,” it said in a statement.

Likewise, The Asian Banker highlighted BDO’s continued dominance in deposittaking business, growing it by 12 percent at the end of 2015.

BDO’s strategy to integrate its products and services across various electronic channels (online, mobile, and ATM) to provide convenience to clients is also a winning point, according to The Asian Banker.