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Bank of Commerce earns dual PDS honors for bond issuance and settlement excellence

HomeNewsBank of Commerce earns dual PDS honors for bond issuance and settlement excellence

April 17, 2026

Bank of Commerce earns dual PDS honors for bond issuance and settlement excellenceFrom left: Concurrent PDS Group and Philippine Stock Exchange (PSE) President & CEO Ramon S. Monzon, BankCom Executive Vice President and Treasury Management Group Head Felipe Martin F. Timbol, BankCom Senior Vice President and Investment Banking Group Head Luis Martin E. Villalon, and Philippine Dealing & Exchange Corp. President Stephanie Marie A. Zulueta

Bank of Commerce (BankCom), one of the fastest growing universal bank in the Philippines and an affiliate of San Miguel Corporation (SMC), was recognized as one of the country’s Top 5 Fixed-Income Cash Settlement Banks and Top 5 Corporate Issue Managers/Arrangers under the Bank Category during the 2026 Philippine Dealing System (PDS) Annual Awards Night. The Bank ranked fourth in both award categories, underscoring the Bank’s growing presence in the domestic debt capital market.

The recognition marks a back-to-back showing for BankCom as Top Corporate Issue Managers/Arrangers, placing fifth the previous year, while the Top Fixed-Income Cash Settlement Bank citation is a first for the Bank. The awards were conferred during the 21st PDS Annual Awards Night on March 26, 2026, where the PDS Group honored top-performing institutions across depository, custody, settlement, and fixed-income market categories. A total of 47 awards were presented.

The dual recognition comes as the Philippine bond market continues to deepen. In a press release, PDS Group said the secondary market posted a record fixed-income trading volume of PHP 15.91 trillion in 2025, up 61% from PHP 9.89 trillion in 2024. PDS, through its key subsidiaries Philippine Dealing & Exchange Corp. and Philippine Depository and Trust Corp., serves as a core part of the country’s capital market infrastructure.

For BankCom, the awards also reflect momentum in its investment banking and treasury businesses. In February 2025, the Bank successfully issued PHP 18 billion in dual-tranche fixed-rate bonds, its largest bond issuance to date, strengthening its funding base and expanding its participation in the local capital markets.

“We thank the PDS Group for these distinguished recognitions that highlight BankCom’s unwavering commitment to offering meaningful investment products and services, and our continuous pursuit of excellence. Receiving these awards again also testifies to the strong partnership and trust we have built with our partners in our capital-raising transactions that support nation-building and the Philippine economy. We share these recognitions with them,” said BankCom President and Chief Executive Officer Michelangelo R. Aguilar.


About BankCom

An affiliate of San Miguel Corporation (SMC) since 2008, Bank of Commerce (BankCom) is a publicly-listed universal bank focused on helping its clients, communities and conglomerate partners by delivering the best choice of financial services harnessing the strengths of the SMC Group. Bank of Commerce is identified by its logo bearing the SMC symbols of escudo and cloverleaf, and by the trademark license short name “BankCom” granted by the Intellectual Property Office (IPO) in 2020. BankCom traces its origins to the Overseas Bank of Manila which opened in Binondo, Manila in 1963.

As of December 31, 2025, BankCom posted a new record net income of PHP 3.54 billion, 17% higher than the PHP 3.02 billion last year, and nearly double the PHP 1.80 billion at end of IPO year. The Bank maintains a network of 142 branches – inclusive of the main branch, 139 regular branches, and 2 branch lite units – and 278 automated teller machines (ATMs) and cash kiosks, strategically located nationwide.

 

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