BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards.
BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.
BDO Capital is a full-service investment house offering a wide range of investment banking services, including securities underwriting and trading, loan syndication, financial advisory, private placement of debt and equity, project finance, and direct equity investment.
The company’s continued dominance in the domestic investment banking industry can be attributed to its solid capital strength and stability, unmatched distribution capability and customer-centric approach with its customized, optimal solutions to achieve clients’, issuers’ and investors’ business goals.
“This recognition exemplifies our client-focused mindset. We are committed to our customers, ensuring that we consistently deliver great customer experience amid changing market conditions,” said Eduardo Francisco, President of BDO Capital.
The Asian Banking & Finance Corporate & Investment Banking Awards honor financial institutions for their noteworthy performance in delivering exceptional services to their customers. The judges also assess the local and investment banks’ unique and innovative initiatives and cutting-edge deals and their impact to clients’ businesses and in the industry.
Apart from Asian Banking & Finance Awards, BDO Capital has also been recognized internationally and locally as the Best Investment Bank in the Philippines by various prestigious publications and associations such as the Investment House Association of the Philippines (IHAP), Finance Asia, Asiamoney, Alpha Southeast Asia, Global Finance, Acquisition International, The Asset and Asia Pacific Loan Market Association.
BDO Unibank, Inc.. the parent company, grew its net income to P40.0 billion in the first nine months of 2022 from P32.4 billion in the comparative period last year on solid results across its core businesses.
This translates to a Return on Average Common Equity (ROCE) of 12.4 percent, compared to 10.7 percent posted a year-ago.
Gross customer loans went up by 10 percent year-on-year (YoY), largely funded by low-cost Current Account/Savings Account (CASA) deposits. Due to its high CASA base, net interest income increased to P108.1 billion.
Non-interest income rose to P53.2 billion led by 20 percent expansion in fees and insurance premiums, while trading and forex gains were broadly in line with expectation and primarily generated by flow-related business. Gross operating income amounted to P161.3 billion.
Operating expenses (OPEX) rose to P98.1 billion, as the Bank continued its branch expansion activities in underserved markets in the rural areas, and sustained Information Technology (IT) spend to support its digital initiatives.
Asset quality improved as the Bank’s NPL ratio went down further to 2.23 percent. Still, the Bank maintained its conservative provisioning policy by setting aside provisions of P12.2 billion, resulting in a higher NPL coverage of 152 percent.
Total capital increased to P444.6 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) Ratio both comfortably above regulatory minimum at 14.4 percent and 13.3 percent, respectively.
