Derivatives house of the year, Philippines: Bank of the Philippine Islands

Asia Risk Awards 2023

Donna May P. Go, BPI
Donna May P. Go, BPI

The Philippine peso has endured a bumpy ride this year as the US Federal Reserve continued to tighten monetary policy causing the greenback to strengthen. As PHP depreciated over the past 10 months, domestic importers’ foreign exchange hedging demands surged.

Bank of the Philippine Islands (BPI) has been able to respond rapidly, supporting both its clients and the broader Philippines economy. Streamlined in-house development and favorable regulatory treatment means BPI can quickly bring new

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