BDO Unibank, under chief executive Nestor Tan, has always been ahead of the curve. It was the first big Philippines lender to extend opening hours beyond the previous 3pm cut-off time, bringing banking to evening commuters and weekend shoppers. It was a pioneer in private banking and asset management, with a sprawling network of branches that includes 26 remittance and representative offices across Asia, the Middle East and Europe. And it’s a bank always willing to peer a little further down the line: witness its acquisition, completed in 2015, of One Network Bank, the country’s fastest-growing rural lender, with 105 branches in poorer regions, where per-capita income and the need for financial services are expanding rapidly.
September 26, 2017