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BDO Supports MSMEs

The Micro, small scale, and medium enterprises (MSMEs) are the most challenging hit sector during the pandemic, even if they account for more than 90% of enterprises. They are the backbone of the economy, as MSMEs employ more than 5.3M of our fellow Filipinos.  Governor Benjamin Diokno of the (BSP) Bangko Sentral ng Pilipinas has stressed the urgency to help Micro Small Medium Enterprises to help sustain their businesses to continue to provide the best essential products and essential services to people each day.  THE OPPORTUNITY Small business owners can now sustain their business operations through the Kabuhayan Loan of BDO Network Bank (BDONB). The MSMEs operating for three years are now qualified to apply for a loan amounting between PHP 30,000 to PHP1 million. They can purchase the needed equipment, buy the required equipment or assets, increase their inventory of stocks, and expand their business in other locations.  A micro-enterprise owner Ernesto Abad, from Los BaƱos, Laguna

BDO WINS ASSET MANAGEMENT COMPANY OF THE YEAR AWARD

THE Trust and Investments Group (TIG) of BDO Unibank was named the Asset Management Company of the Year in the Philippines for the fourth straight year (2018-2021) by The Asset, at the recently held “Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2021”. 

Industry players accelerated the adoption of technology and relied on agility, risk management and engagement with investors to pull through such a tough year. For some of the most outstanding asset managers in Asia, ensuring effective communication is crucial even when a lot of the daily work has been moved online and to a work-from-home environment,” The Asset said in a statement. 

 

It added, “This requires them to move fast in enhancing their digitalization capabilities and engaging with partners, especially investors, amid the market slump. The Asset was glad to know that many asset managers managed to convey the right information in a timely manner to their investors, thereby preventing sell-offs in the market.”

 

BDO TIG, which also won the award back in 2016, said the recognition is a testament to its commitment to service the clients even during the health crisis. 

 

“Our ability to adapt to the ever-changing environment through the use of new channels and the creation of new processes for the new normal allowed us to service our clients despite the limited mobility due to the pandemic. The most important matter on hand was to keep BDO TIG visible to assure our clients that we are in full control of their investments,” said BDO TIG SVP and Head Rafael Ayuste Jr. 

 

At the end of 2020, BDO’s consolidated trust assets under management (AUM) amounted to Php1.63 trillion, up 22% from the previous level of P1.34 trillion. Of this AUM, Php1.12 billion is managed by BDO TIG, while the remaining Php505 billion is managed by another BDO subsidiary, BDO Private Bank. 

 

At the height of the pandemic, BDO TIG was able to quickly innovate and adapt to deal with the crisis and its adverse impacts through the implementation of new initiatives allowing for the:

  

  • Efficient execution of daily operations while mindful of employees’ and clients’ safety and well-being 

  • Direct and targeted communication to clients informing them of market developments and allowing them to grab investment opportunities despite the volatile environment

 

  • Continuous servicing of clients through the BDO Invest Hotline and BDO Invest Online channels, providing them a safe option to still do their investment transactions while most BDO branches were closed during the lockdown

 


About BDO Unibank, Inc.

BDO is a full-service universal bank that provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, and credit card services.  


BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide.  It also has 18 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East.


BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of December 31, 2020. For more information, please visit www.bdo.com.ph.



BDO Unibank, Inc.

BDO Corporate Center

7899 Makati Avenue

Makati City 0726, Philippines

Tel +63(2) 8840-7000

www.bdo.com.ph


Comments

  1. Always trusted by many,they deserved it

    ReplyDelete
  2. Galing po talaga ni BDO. Napaka trusted na talaga ng mga maraming business at clients kaya deserve po nila itong award.

    ReplyDelete

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