BDO generated largest overseas Pinoy remittances

BDO Unibank Inc. has been recognized by the Bangko Sentral ng Pilipinas (BSP) as the commercial bank that generated the largest amount of remittances from overseas Filipino.

The award was given during the recent 2019 BSP Stakeholders Awards, BDO said.

“The strong remittance service of BDO, through BDO Remit, is already a Gold Hall of Fame awardee under the said category as the bank won three straight ‘Commercial Bank that Generated the Largest Overseas Filipino Remittances’ awards from 2013 to 2015,” the lender said in a statement on Thursday.

The award also conferred to BDO in 2016 and in 2017.

“Should the bank obtain the award again next year, BDO will achieve the Diamond Hall of Fame recognition, a first-ever for a local bank,” it said.

In 2014, the Board of Judges of the BSP Stakeholders Awards ruled that a distinction should be given to stakeholders that have become outstanding partners for several consecutive years.

The Gold, Diamond, and Platinum Hall of Fame Awards are given to awardees in the same award category for three, six, and nine consecutive years, respectively.

BDO said it was also adjudged the Commercial Bank that Generated the Largest Overseas Filipino Remittances from 2008 to 2010. —Ted Cordero/VDS, GMA News