September 04, 2013

BDO jumps to 251 in global banking rank

BDO Unibank Inc. (BDO), the main banking arm of the SM Group, has improved its ranking in the world’s top 1,000 banks list, according to a report by UK-based banking and finance magazine The Banker.

Based on the report, BDO now occupies the 251st spot from 396th place in 2012, or 145 notches higher. For the Philippine country listing, BDO secured the number one spot, the publication said.

The Banker said the improvement in BDO’s ranking is on the back of an enhanced overall performance, particularly in terms of Tier 1 capital, assets and profit. - WealthSec