Philippines’ BDO teams up with Japan’s Aozora Bank

For investment, corporate banking.

The Philippines' largest commercial bank has inked a memorandum of understanding with Japan's Aozora Bank.

Under the MOU, Banco de Oro and Aozora will cooperate in cross-border M&A advisory services, corporate banking, investment banking and other services, including retail banking.

The alliance with BDO is Aozora’s fifth tie-up with a Southeast Asian bank.

Previously announced alliances include tie-ups with Singapore's OCBC, Indonesia's PT Bank Central Asia, Thailand's Kasikorn, and Taiwan's CTBC.