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 40^th 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.

Citi Philippines

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.

Deutsche Bank

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.

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