Philippines
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Philippines

BEST BANK
Bank of the Philippine Islands

BEST EQUITY HOUSE
Macquarie Securities

BEST DEBT HOUSE
UBS

BEST M&A HOUSE
CSFB

philipines.jpg

The Bank of the Philippine Islands wins the best bank in the Philippines award again after another solid financial performance. BPI stands out in a market comprising largely weak and poorly managed domestic banks for its strong financial position, product innovation and corporate governance leadership. It is also the country's largest banking group by any measure, with a full range of retail and corporate banking services, including extensive online banking facilities for all customers.

In the year ended December 2004, BPI reported net income of $121 million from total assets of $8.4 billion. BPI's net interest margin was a healthy 3.83% and the bank enjoyed a return on average assets of 1.53%, leading to a respectable return on equity of 12.6%. The only real criticism of the bank's numbers is that the cost-to-income ratio, at 53.5%, is on the high side, although not when compared with its domestic peer group.

BPI's strong financial performance has continued into 2005. Return on equity for the first quarter to March improved to 14.9%,

Gift this article