BDO Unibank was named FinanceAsia’s Best Asian Bank for 2013 on Thursday night, at our annual Country Awards dinner.
This breaks a winning streak for Malaysia’s Public Bank, which has won the award for the past three years. It represents the first time FinanceAsia has given this award to a Philippine Bank, reflecting the rise in fortunes of the country, notably its improved credit rating.
Standard Poor's and Fitch upgraded the country to investment grade earlier this year, and in July Moody's Investors Service put the country on positive watch, indicating it will make a similar move this year.
The award...
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