FINANCIAL MARKETS

PRELIMINARY PROJECT
“TOP FIVE COMMERCIAL BANKS AND INSURANCE IN THE COMPANY”
 Contents
- A brief history of the company
- Who is the founder
 Nationality
 Birthday and birthplace
- What services they are offering

FIVE COMMERCIAL BANKS

1. BDO Unibank Inc. (BDO)
- Brief history
 BDO Unibank Inc. (BDO), originally
known as Acme Savings Bank, was
acquired by the SM Group in 1976.
BDO listed its shares on the
Philippine Stock Exchange on May
21, 2002. The Company merged
with Equitable PCI Bank in May
2007. BDO offers an array of
products and services, i.e. retail
banking; lending (corporate,
commercial, consumer, and SME);
treasury; trust; credit cards; corporate cash management; and
remittances. Through its subsidiaries, the Company offers leasing
and financing; investment banking; private banking; bancassurance;
insurance brokerage; and stock brokerage services. The Company's
subsidiaries include BDO Capital & Investment Corporation, BDO
Private Bank, Inc.; BDO Leasing and Finance, Inc.; BDO Finance
Corporation; and BDO Securities Corporation. The Company also
has wholly-owned remittance subsidiaries in Canada, Japan, Macau,
US, United Kingdom, and Spain. As of December 31, 2021, BDO has
1,542 operating domestic branches (inclusive of one branch each in
Hong Kong and Singapore), 4,484 automated teller machines, 624
cash deposit machines, and nine self-service teller machines.

- The founder
 Henry Sy, Sy Chi Sieng (Shī Zhìchéng), October 15, 1924 Jinjiang,
Fukien, Republic of China.
 - Services they are offering
 It provides a complete array of industry-leading products and
services including Lending (corporate and consumer), Deposit-
taking, Foreign Exchange, Brokering, Trust and Investments, Credit
Cards, Retail Cash Cards, Corporate Cash Management and
Remittances in the Philippines.

2. Land Bank of the Philippines

- Brief history
 Land Bank was established on
August 8, 1963, as part of the
Agricultural Land Reform Code
as part of a program of land
reform in the Philippines. It was
to help with the purchase of
agricultural estates for division
and resale to small landholders
and the purchase of land by the
agricultural lessee.

- The founder
 Government-owned bank in the Philippines with a special focus on
serving the needs of farmers and fishermen.

- Services they are offering

 They provide accessible and best technology solutions to deliver
timely and responsive financial and support services to meet the
needs of their clients, especially Small Farmers and Fishers (SFFs),
Micro, Small and Medium Enterprises (MSMEs), Countryside
Financial Institutions (CFIs), Local Government Units (LGUs) and
government agencies, while promoting sustainable development
anchored on good governance.

3. Metropolitan Bank & TCO

- Brief history
  Founded on September 5, 1962, Metropolitan Bank and Trust Co.
(Metrobank) has since become the premier universal bank and
among the foremost financial institutions in the Philippines. With a
history spanning more than 50 years, it aims to deliver meaningful
banking to Filipinos everywhere. It boasts diverse product portfolio
including investment banking, thrift banking, leasing and financing,
bancassurance, and credit cards.

- The founder
 Siao Kian Ty was a Filipino banker and business magnate. Born on
October 18, 1932, British Hong Kong.

- Service they are offering

 It offers a full range of services to large local and multinational
corporations, middle-market and SMEs, high net-worth individuals
and retail segment.

4. Bank of the Phil Islands

- Brief history
 Founded in 1851, Bank of the Philippine
Islands is the first bank in the Philippines
and in the Southeast Asian region. BPI is a
universal bank and together with its
subsidiaries and affiliates, it offers a wide
range of financial products and solutions that
serve both retail and corporate clients. The
establishment of BPI, originally known as El Banco Español
Filipino de Isabel II, ushered in the birth of the Philippine
banking and finance industry. During this period, the bank
performed many functions—from providing credit to the
National Treasury to printing and issuing currency—effectively
making it the country's first Central Bank.

- The Founder
 Juan Antonio de Urbiztondo y Eguía was a Spanish military and the
marquis of La Solana. Born on January 17, 1803, Donostia-San
Sebastian, Spain.
 - Service they are offering
 BPI's services include consumer banking and lending, asset
management, payments, insurance, securities brokerage and
distribution, foreign exchange, leasing, and corporate and investment
banking.

5. Phil National Bank

- Brief history
 The Philippine National Bank was
established as a government-owned
banking institution on July 22, 1916
with headquarters in the old Masonic
Temple along Escolta, Manila. Its
primary mandate was to provide
financial services to Philippine
industry and agriculture and support
the government’s economic
development effort. World War I, then
raging in Europe, generated huge demand for the country’s major
exports namely: sugar, copra, coconut oil, Manila hemp and tobacco.
However, not much was being done to develop the industries that
produced these sought-after crops since access to credit facilities
was limited then. To solve this problem, Henderson Martin, Vice
Governor of the Philippines, together with Mr. Miguel Cuaderno (who
later became Central Bank governor) drafted the charter for a
national bank.

- The Founder
 PNB was established by the Government of the Philippines in 1916
and became fully privatized in 2007.

- Service they are offering

 Its products include deposit-taking, lending, bill discounting, foreign
exchange dealing, investment banking, and fund transfer. The
Company also offers merchant banking, remittance servicing, non-life
insurance, leasing, stock brokerage, foreign exchange trading, and
related services.
FIVE INSURANCE COMPANY
1. Sun Life of Canada (Philippines), Inc
- Brief history
 From world wars to building a nation, Sun Life in the Philippines led
an illustrious history that bore witness to the struggles and triumphs
of Filipinos. It was in 1895, three years before the Republic of the
Philippines was officially founded, when Sun Life
first set foot in the country with the mission of
giving Filipinos the opportunity to enjoy the
humanitarian benefits of insurance.

- The Founder
 Founded in Montreal, Quebec, as The Sun Insurance Company of
Montreal in 1865 by Matthew Hamilton Gault (1822–1887), an Irish
immigrant who settled in Montreal in 1842. However, operations
actually began in 1871.

- Services they are offering

 Sun Start Up is a life insurance plan that provides protection for at
least 10 years and gives back a portion of your total payment if you
outlive the 10-year coverage period. It's a good choice for first-time
insurance buyers who want something simple, affordable, and
hassle-free in application.

2. Philippine Axa Life Insurance Corporation

- Brief history

Established in 1999, AXA
Philippines is one of the largest
and fastest growing insurance
companies in the country. It
offers financial security to close
to 2 million individuals through
its group and individual life
insurance as well as general
insurance products through its
wholly-owned
subsidiary Charter Ping An. AXA Philippines is one of the first to
 introduce bancassurance operations in the country, and is among the
pioneers in the investment-linked insurance sector.

- The Founder
 President/CEO: Rahol Hora
 Nationality: Indian
 Birthdate: August 15, 1947
 Birthplace: Korasi (Raipur)

- Services they are offering

 Specially designed for small to medium-sized groups, SME Employee
ProteXion is a complete health and protection package with available
rates to suit the needs and budget of your growing organization.
 Group Yearly Renewable Term (GYRT) Life Insurance plan covers
eligible members of the institution againts loss of life due to illness,
accident, or natural causes.
 Group Personal Accident (GPA) Insurance plan provides 24-hour
protection against accidental death and permanent disablement.
 Provides a lump sum cash benefit in the event of loss of life or
disablement of an insured member within 180 days from the date of a
covered accident.
 Provides a lump sum cash benefit to the employee after the first
diagnosis of any of the covered critical conditions including Stroke,
Heart Attack, Cancer, Kidney Failure, Major Organ Transplant, etc.
 Provides a fixed and guaranteed benefit to the employee for each day
of hospital confinement. Such benefit is doubled in case the
confinement is in an Intensive Care Unit (ICU).
 Group Credit Life (GCL) provides protection to financial institutions by
covering the outstanding loan amount in case of the borrower's death
prior to the full payment of the loan

3. Pru Life Insurance Corporation of U.K.

- Brief History
 Established in 1996, Pru Life UK is
the pioneer of insuravest, or
investment-linked life insurance
products, in the Philippines and is
one of the first life insurance
 companies approved to distribute US dollar-denominated investment-
linked life insurance policies in the country. Since its establishment, Pru
Life UK has expanded its reach to over 190 branches in the
Philippines, with the biggest life agency force of more than 33,000
licensed agents. 

- The Founder
 President/CEO: Eng Teng Wong
 Long before his appointment as Pru Life UK president and CEO in
November 2021, Eng Teng was a child who grew up with 15 siblings in
a small town called Ayer Tawar in Perak, Malaysia. His family was
among the first Chinese immigrants in the country.

- Services they are offering

 Pru Life UK offers health protection against dengue with PRUDengue
MedCare and PRUDengue MedCare Pro.
 Protect the income and build funds for the future
 Get protection to ease the financial burden in case of accident and
disability

4. FWD Life Insurance Corporation

- Brief History
 FWD established in Asia in 2013, is the
insurance business of investment group,
Pacific Century Group. FWD is focused on
making the insurance journey simpler,
faster, and smoother, with innovative
propositions and easy to understand
products, supported by digital technology.

- The Founder
 Richard Li Tzar Kai is an entrepreneur and businessman who deeply
believes in the impact of technology, innovation and finance in driving
growth in the Asia region. Richard Li founded Pacific Century Group
(PCG) in 1993, an Asia-based long-term private investment group with
interests across three core business pillars – financial services,
 technology, media & telecommunications (TMT), and property. He was
born on November 8, 1966 (age 55 years), British Hong Kong.

- Services they are offering

 Life protection
 Health protection
 Investments

5. BPI-AIA Life Assurance Corporation

- Brief history
 Founded in 2009, the firm is among the top insurance
companies in the country recognized by
the Insurance Commission. Bank
partner BPI is the first bank in the
Philippines and Southeast Asia, with a
heritage of solid trust, financial
strength, and innovation over the past
170 years. Then-AIA Philam Life,
meanwhile, is a market-leading
insurance company for over 70 years. It is under the AIA Group,
the largest independent publicly listed pan-Asian life insurance
group, with a presence in 18 markets across Asia Pacific.
Having recently renamed to AIA Philippines, BPI-Philam evolves
to follow suit. BPI-Philam, a strategic alliance that allowed the
AIA Philippine American Life and General Insurance Company
(AIA Philam Life) to offer insurance through the Bank of the
Philippine Islands (BPI), has unveiled its new identity as BPI
AIA. As a redesigned brand, it will use its global heritage to fulfill
its commitment to provide accessible, affordable, and
personalized insurance for Filipinos.

- The Founder
 Surendra Menon is the Regional Director of AIA Group. He was a
deputy C.E.O. of AIA's subgroup for sometimes, before becoming
the Regional Director in 2013. Surendra Menon was born
on August 6, 1952.
- Services they are offering
 Protection
 Health
 Savings
 Insurance with Investments
 BPI-Direct
 Wellness Series
 Partnership Insurance