BDO is the No. 1 bank in the Philippines

MANILA, Philippines – The SM group’s BDO Unibank, Inc. (BDO) has kept its place as the Philippines’ top bank in The Banker’s Top 1,000 Global Banks Ranking 2014 report of British publication The Banker.

The country by country listing set BDO at 268th placed worldwide in the latest ranking, which led the eight Philippine banks that included to the top 1000 Global banks. Other Philippine banks that made it to the list were Metropolitan Bank and Trust Co. at 314, Bank of the Philippine Islands at 382, Philippine National Bank at 506, Rizal Commercial Banking Corp. at 590, Security Bank Corp. at 680th, China Banking Corp. at 681 and Union Bank of the Philippines at 751.
The Banker helm based on the strength of banks Tier-1 or core capital, assets, solid performance and robust earnings.

The report enables investors and clients worldwide to assess 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’s Top 1000 World Banks ranking provides comprehensive intelligence about the health and wealth of the banking industry since 1970.

The top five banks globally were Industrial and Commercial Bank of China Ltd. (ICBC) at number one, China Construction Bank at second, JP Morgan Chase at third, Bank of America at fourth, and HSBC of Britain at fifth place.

A registered nurse by profession, Michael is also a fresh IT graduate. He loves writing. As a matter of fact, he is a contributor to theblow.us, a sports website. As the editor-in-chief, Pabaon News will go the right path.