BDO, Bank of Fukuoka partner to bring Japanese businesses to PH market

BDO Unibank, Inc. has partnered with a Japanese regional bank to help Japanese businesses enter the Philippine market.
In a regulatory filing Monday, the Sy-led lender said Bank of Fukuoka, Ltd. (BoF), Japan’s third-largest regional bank, has chosen BDO as its partner-bank in the Philippines
The partnership, which was sealed through a memorandum of agreement, is aimed to service BoF’s clients who wish to expand it business or put up shops in the country.
BDO noted that the deal is the first time a Japanese regional bank (JRB) has partnered with a Philippine lender.
Founded in 1942, BoF has 170 branches and representative offices in Dalian, Shanghai, Hong Kong, Taipei, Bangkok, Singapore, Ho Chi Minh City and New York.
“Since 2013, BDO has sealed agreements with several JRBs strategically located in various prefectures of the world’s third-largest economy,” BDO said. — Karl Angelo N. Vidal