List of Best Banks in the Philippines
In the Philippines, there are diverse banks all over the country which operates locally and internationally. In order to pick a good bank, you should know which bank is the receiver of awards and citations from domestic and foreign institutions. The conceot is that if a bank has many recognitions it is a good bank to deal with.
Several of the excellent banks in the Philippines are listed below which received recognitions from an international organization. Choosing a bank for savings account is not easy so in this post you will learn some of the best banks in the country that were cited by some institutions.
In the Philippines, there are few banks recognized this year 2010 by Finance Asia. It is a popular finance and business organization in Asia and the Pacific. It is a foremost publication and magazine that cites excellent banks in their categories.
This year of 2010, Finance Asia conducted an inquiry to know which are the outstanding banks in the Philippines for several categories. Finance Asia awarded Banco de Oro Unibank Inc. (BDO) as the most excellent local bank and Bank of the Philippine Islands (BPI) as the foremost cash management bank in the Philippines.
Finance Asia also recognized BPI as the most desirable trade finance bank while BDO was cited as the first-rate foreign exchange bank in the country. The survey was done from June 1, 2009 to May 17, 2010.
A subsidiary of BDO, BDO Capital, meanwhile, received three awards, specifically, best equity house, best bond house and foremost investment bank in the country.
UBS or Union Bank of Switzerland was awarded as the first-rate foreign investment bank in the Philippines while CITI was chosen as the most desirable foreign commercial bank.
The best banks in the Philippines are those ones that are good in customer service, provides constant best and improving products for its clients and has been awarded by local and global organizations. In your opinion, which do you think are the most excellent banks in the Philippines?
Gily Tenorio is an investment blogger who likes writing on saving, investing and earn money online. To know more details on how to open a savings account at BPI Philippines, you must visit Financial Management blog for more posts on financial planning, saving, investing and work from home.
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