Japanese, Philippine banks tie up

BDO Unibank has partnered with Japan’s Shizuoka Bank to service the banking requirements of the Japanese bank’s clients operating in the Philippines. The partnership is the first case of a Japanese regional bank entering into a second non-exclusive MoU with a Philippine Bank. The bank said BDO has the strongest capability to provide its clients the products and services suitable to their needs because of the local bank’s strong foothold across all markets. The Japanese bank said its clients particularly small and medium enterprises are interested in investments in the Philippines. It is the 10th Japanese bank that has tied up with BDO.