International Finance Magazine (IFM), the London based online magazine with a viewership in over 200 countries has announced the financial awards 2013 for Philippines.
July 25, 2013 : International Finance Magazine, Financial Awards-2013 are based on a thorough analysis of corporate, economic, environmental and social performance assessing issues such as corporate governance, risk management, branding and CSR activities. International Finance Magazine combines in depth regional and country average with reports on banking, capital markets, wealth management, Islamic finance and governance issues in the financial sector. Winners reap huge benefits in terms of market visibility and position. The awardees also have the honor of attending the awards dinner in the mesmerizing city of Dubai, in December later this year.
Philippines, officially called The Republic of Philippines, is an island location located in Southeast Asia between the Philippine Sea and the South China Sea. As per IMF statistics, its economy is the 40th largest in the world and one of the emerging markets in the world. Its economy is driven by its domestic demand and credit growth; it exports electronic goods, semiconductors, transport equipment, petroleum products and fruit.
The recipients of the financial awards 2013 for Philippines are:
First Metro Investment Corporation
Category: Best Investment Bank
First Metro started its operations in the year 1972, as an investment house with quasi banking functions in 1974. It carries the distinction of being the only publicly listed investment bank in the Philippine Stock Exchange. Its investment banking and strategic finance wing helps build businesses through debt and equity underwriting, arranging long term funding requirements and financial advisory. It provides loans to institutional clients to support liquidity or capital buildup, expansion, restructuring and acquisitions.
BDO Unibank, Inc
Category: Best Retail Bank
BDO is a full service universal bank in the Philippines, providing a complete array of industry leading products and services including lending, deposit taking, foreign exchange, brokering, leasing and financing. As on September 2012, BDO is the largest bank in terms of total resources, capital, customer loans, total deposits and assets under management.
Category: Best Internet Bank
Citibank is the largest foreign commercial bank in the Philippines in terms of customers, assets and revenues. It provides corporate banking, treasury, transactional banking, consumer banking and trust services. Its online banking has functionalities which make banking simpler for the customer, the Citi Mobile Banking Application version enables to download the app into the consumer’s smart phones thereby providing access to the account details and latest Citibank offers instantly.
Sun Life Philippines
Category: Best Insurance Company
Sun Life Philippines is part of the Sun Life Financial (SLF) group of companies, it is an international lender in protection and wealth management with key operations in United States, Canada, United Kingdom, China and India. It is one of the largest and most trusted insurers in the country having more than half a million policy holders till date. Their products include life insurance plans, accidental insurance, pension plans, education plans and mutual funds. The company trades in the Toronto (TSX), New York Stock Exchange (NYSE) and Philippine stock exchange under the ‘ticker’ symbol ‘SLF’.
BPI Asset Management
Category: Best Asset Management Company
BPI Asset Management has a long track record of managing assets of both institutional and individual investors through innovative investment products and solutions considered to be the most complete in the industry. Its product list includes corporate and institutional funds, pension and provident funds, securities and custody account, mortgage and trust indenture etc.
Category: Most Socially Responsible Bank
After operating as an off shore banking unit in Manila since 1977, Deutsche Bank obtained a full commercial banking license in 1995. The bank has laid emphasis on the sustainable development of communities in its areas of operations, its Corporate Responsibility (CR) programme is anchored on the principle of “Building Social Capital” and defined under five key pillars: sustainability, corporate volunteering, art, education and social investments.