List of Foremost Banks in the Philippines

In the Philippines, there are various banks across the country which operates domestically and internationally. In order to pick a good bank, you need to learn which bank is the receiver of awards and recognitions from domestic and foreign organizations. The idea is that if a bank has many awards it is a good bank to do business with.

Some of the best banks in the Philippines are given below which received awards from an international institution. Choosing a bank for savings account is difficult so in this post you will know some of the great banks in the Philippines that were cited by some institutions.

In the Philippines, there are few banks recognized this year 2010 by Finance Asia. It is a famous finance and business organization in Asia and the Pacific. It is a famous publication and magazine that cites best banks in their categories.

This year of 2010, Finance Asia conducted an inquiry to see which are the best banks in the Philippines for different criterias. Finance Asia named Banco de Oro Unibank Inc. (BDO) as the most excellent domestic bank and Bank of the Philippine Islands (BPI) as the foremost cash management bank in the Philippines.

Finance Asia also awarded BPI as the best trade finance bank on the other hand BDO was named as the first-rate foreign exchange bank in the Philippines. The survey was done from June 1, 2009 to May 17, 2010.

A subordinate of BDO, BDO Capital, meanwhile, received three awards, specifically, most excellent equity house, best bond house and best investment bank in the country.

UBS or Union Bank of Switzerland was cited as the first-rate foreign investment bank in the country while CITI was named as the most desirable foreign commercial bank.

The best banks in the Philippines are those ones that are good in customer assistance, gives consistent best and improving products for its clients and has been chosen by local and global organizations. In your assessment, which do you think are the most excellent banks in the Philippines?