The Bank of the Philippine Islands (BPI) was awarded Best Bank in the Philippines at the Corporate Treasurer (CT) Awards held in Singapore.
The leading finance magazine for Asia’s senior finance professionals also gave BPI two other major awards — Best FX House and Best Trade & Supply Chain House in the Philippines.
The CT Awards were given out based on a survey of top corporate treasurers and chief finance officers of the top 100 companies in Asia.
SEE: ASEAN Corporate Governance scorecard rtes BPI among country’s best banks
The survey covered 13 major economies across Asia-Pacific, including India, “to create a first-of-its-type census of the region, combining market penetration and satisfaction rating,” said the CT report.
“The best bank in each country was determined by combining the market share and satisfaction ratings of three core transaction services: Cash Management, Trade and Supply Chain, and FX Services,” CT explains.
“We are honored to have been named as the best bank in the Philippines and one of the best banks in the Asia Pacific.
We are focused on digitalizing the bank. This will reduce the cost to serve and allow us to be more financially inclusive. We believe that growth must be accompanied by financial inclusion,” President and CEO of BPI Cezar Consing said in a statement sent to Good News Pilipinas.
READ: BPI awarded management of P3 billion of SSS funds
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