PHILIPPINE National Bank (PSE: PNB) has been recognized by Asiamoney as the Best Bank for Investment Research in the Philippines for the second consecutive year during its Private Banking Awards last April 25.
PNB President and CEO Wick Veloso said, “This award underscores PNB’s commitment to provide the best customer experience to those we serve. We continue to build our thought leadership and are honored to be named Best Bank for Investment Research especially during this time.”
PNB’s Research Division is headed by vice president and bank economist Alvin Arogo. “We are humbled by this recognition from Asiamoney. This further motivates us to deliver relevant, up-to-date, and useful economic and market insights to our investors, clients, and the general banking public,” he said. The PNB Research team likewise provided pre-deal research work for the various deal executions of PNB’s investment banking subsidiary last year, namely, DoubleDragon Meridien Park REIT, Monde Nissin, RL Commercial REIT, Inc., AllDay, Synergy Grid, Keepers, and Medilines.
In its 2022 Asia Private Banking Awards, Asiamoney said that as the pandemic stretched from 2020 to 2021, the immediate challenge was figuring out the state of the Philippines gross domestic product, inflation, central bank policy rates, and foreign exchange gyrations to provide macro investing guidance to clients. In 2021, the PNB Research team published 212 reports covering economic and equity research, providing up-to-date investment ideas. The report said, “As a result, PNB’s private wealth clients were better able than most to react to fast-moving government mobility restrictions.”
Arogo added, “We shall continue to support PNB in building client relationships and delivering solutions to meet their business and investment objectives.”
Asiamoney is a division of global media group Euromoney Institutional Investor PLC which principally accredits local Asian banks. They identify the best of the best in all markets across a range of core banking services.