Buy custom Philippine Banks Web Site Comparative Analysis
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2325 |
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In 1991, Insular Life Assurance Co., and Ramcar, Inc. acquired 20.0% and 10.0%, respectively, of the equity interest in the bank then held by the Social Security System. Ramcar, Inc. subsequently sold its 10.0% equity interest in the bank to the Social Security System in 1999.
Apart from the acquisition of Bancom in 1981, UnionBank also acquired The International Corporate Bank in 1993 and International Exchange Bank in 2006 to increase its asset size...
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According to an Asia Money poll in 2007, UnionBank was voted as the Most Innovative Bank in Cash Management Solutions in the Asia-Pacific region. In 2001, the bank received the “Excellence in Retail Banking Award†from The Asian Banker for being the best retail bank in the Philippines. In December 2002, the Bank was voted by Euromoney as being one of “The 10 Best Managed Companies in Asia in 2002â€...
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