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The Insular Life Assurance Company, Ltd. (commonly known by its trade name, Insular Life, and shortened as InLife) is a mutual life insurance company in the Philippines. Established on November 25, 1910 in Manila , it is the first Filipino life insurance company.
The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
The building is located at the corner of Ayala Avenue and Paseo de Roxas, on one of the three ends of the Ayala Triangle Gardens.Tower One & Exchange Plaza is located near two other famous buildings, the headquarters of Bank of the Philippine Islands, an Ayala Corporation company, and the former main office of Insular Life.
Rank Bank name Assets (millions of PHP) Asset change Rank change 1 BDO, Inc. 4,508,065.88: 2 Land Bank of the Philippines (LBP) 3,325,085.09: 3 Metropolitan Bank and Trust Company (Metrobank)
In 1985, it merged with the Insular Bank of Asia and America. In 1987, John Gokongwei bought shares in the bank, becoming the second largest stockholder. He appointed Rafael Buenaventura to head PCIBank as President and CEO. PCI Bank has won a string of "Bank of the Year" awards from the editors of Euromoney and Asiamoney. The bank has also ...