Asian Banker cites BDO balance sheet 0 SHARES Share it! Share TweetBy James A. LoyolaThe Asian Banker has named BDO Unibank, Inc. as 2019’s Strongest Bank by Balance Sheet in the Philippines for the second straight year. The Asian Banker Strongest Banks by Balance Sheet is “the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the Asia Pacific, Middle East, and Africa regions.”Banks are rated on a scale of 0-5 and ranked based on the following performance indicators: scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity. The Asian Banker underscored BDO’s healthy balance sheet and profit as well as its low non-performing loan (NPL) ratio and high loan loss reserves to gross NPLs ratio. BDO recently reported growth in earnings for the first nine months of 2019 to ₱32.1 billion from ₱21.5 billion in the same period last year.

Source: Manila Bulletin December 07, 2019 14:03 UTC