BPI named Best Trade Finance Bank and Leading Counterparty Bank in the Philippines
Makati City, Philippines - Bank of the Philippine Islands (BPI) once again proves it is at par with the world's leading transaction banking institutions with its win as Best Trade Finance Bank and Leading Counterparty Bank in the Philippines for 2014 at the recent Asian Banker Summit, the region's largest annual meeting of global thought leaders and banking practitioners.
BPI President and CEO Cezar P. Consing says that this latest accolade shows the level of confidence and trust clients have placed on the bank. "BPI's customers are loyal because they consistently benefit from the bank's innovative efforts. We bear their financial goals in mind when we design our solutions, "he says.
The Transaction Banking Awards, which recognizes achievements made in the areas of cash management, payments, and trade finance, underscores BPI's constant innovation over the years. Consing points out, "the bank's ability to match technology at a global level and its commitment to regularly launch new products and enhancements allow BPI to keep pace with changing business needs."
Recently, BPI was named Best Retail Bank in the Philippines for 2014, by Singapore-based The Asian Banker; the accolade is the 11th Best Retail Bank award given to BPI since the awards establishment in 2011.
ABOUT BANK OF THE PHILIPPINE ISLANDS
BPI, the first bank in the Philippines and Southeast Asia, is a universal bank with an expanded banking license. Together with its subsidiaries, BPI offers a wide range of financial services from consumer banking and lending, asset management, securities brokerage and distribution, insurance, leasing, foreign exchange, and corporate and investment banking. BPI is a leader in Philippine banking, with its high market capitalization, strong Tier 1 capital adequacy ratio and healthy shareholder return, all promoted and supported by prudent management. BPI is rated investment-grade by the international ratings agencies.