The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

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%,

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree