Awards: competition heats up in The Philippines

Following our awards ceremony on June 27, we bring you the in-depth reasoning behind the winners from The Philippines.

BEST BANK, BEST PRIVATE BANK BDO UNIBANK

BDO Unibank retained its status as the best bank in our view in the Philippines this year, reporting record earnings driven by strong performances across its core businesses.

The bank reported an all-time high net income of P28.1 billion $529 million, a year-on-year increase of 7%, with net interest income leaping 25% to P81.8 billion $1.54 billion on the back of double-digit loan and deposit growth.

Led by fee-based income and insurance premiums,...