Japanese commercial bank Aozora Bank is collaborating with the Philippine bank BDO Unibank to offer select banking services for its clients. Besides, the Japanese bank also thinks the Philippines is a potential investment spot. The collaboration will cover, among others, merger and acquisition advisory and investment banking services. Aozora said it handpicked BDO given the bank’s strong foothold in the Philippine market. This strength would be helpful to Aozora’s clients who plan to invest and find potential business partners in the country. BDO said the tie-up with Aozora can give the bank broad coverage in the major prefectures with the most number of Japanese investments in the Philippines. Aozora has 20 branches across Japan and five overseas offices. Since 2013, BDO already entered into various MoUs with eight Japanese Regional Banks (JRBs) to provide financial services assistance to JRBs’ respective clients who want to do business in the Philippines.
