Asian Banker cites BDO balance sheet

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The Asian Banker has named BDO Unibank, Inc. as 2019’s Strongest Bank by Balance Sheet in the Philippines for the second straight year.

The Asian Banker Strongest Banks by Balance Sheet is “the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the Asia Pacific, Middle East, and Africa regions.”

The Asian Banker underscored BDO’s healthy balance sheet and profit as well as its low non-performing loan ratio and high loan loss reserves to gross NPLs ratio. The bank attributed its net income to the expansion of its recurring core revenues, complemented by the sustained increase in fee incomes and life insurance premiums.

 

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