Best bank
Bank of the Philippine Islands
Best equities house
Deutsche Regis
Best debt house
HSBC
Best M&A house
CSFB
The bank offers a full service to corporate and consumer customers, with a branch network of 700, the most extensive ATM network and a customer base of 3 million. BPI was the first bank in the Philippines to adopt the bancassurance model and is also a leader in online banking.
In a market where the commission available from a full year of equity trades would barely pay a good banker?s end-of year-bonus, it is a miracle that any foreign brokers still ply their trade in downtown Makati.
Although a few firms still cling on, 18 have already packed up and headed home, unable to turn a profit. Deutsche Regis, which wins this year?s best equity house again, is an exception to that.
Although Deutsche Regis? three analysts, three sales staff and a sales trader might not seem impressive, in the Philippines it amounts to a major commitment to the market. The few other brokers that still run offices do not come close to that number.