PROVIDERS WHAT THEY SELL OR EXAMPLES OF WELL-

SERVE KNOWN PHILIPPINE

COMPANY NAMES
DEPOSITORY INSTITUTIONS - Checking accounts - Land Bank of the
- Accepts deposits from - Consumer and Philippines
surplus units and commercial loans - Development Bank of the
provides credit to deficit - Credit cards Philippines
units through loans and - Investment products
purchase of securities.
Also, it focuses on
collecting demand
deposits from their
customers.
MUTUAL FUNDS - Mutual funds - MSCI Philippine Index
- Strategically pool the - Dividends on stock Fund, Inc.
funds of many individual - Bond funds and stock - First Metro Phil. Equity
and institutional investors funds Exchange Traded Fund,
to form a greater asset - Reinvest profit to Inc.
base. purchase more shares
- Balanced funds in Peso
Securities
- Tax-exempt funds
STOCK BROKERAGE FIRMS - Money management - Regina Capital
- Licensed to buy and sell - Estate planning Development
stocks and other - Tax advice Corporation
securities via market - Financial consultation - 2TradeAsia.com
exchanges. Most - Securities investments
individuals or entities hire - Real estate investment
stock brokers to place trusts
trades on their behalf.
FINANCIAL SERVICES - Deposits into checking - BDO Unibank, Inc.
COMPANIES and savings accounts (BDO)
- Companies which - Lending money to - Bank of the Philippine
manages, invests, customers Islands (BPI)
exchanges, or holds - Investment guide
money on behalf of their - Legal advice
clients. Also, they - Financial planning
provide data on their
funding history,
investment activities, and
acquisition trends.
INSURANCE COMPANIES - Credit life and accident - The Philippine American
- Structured as a health insurance Life and General
traditional stock company - Mortgage Insurance Co., Inc.
with outside investors or - Life insurance - The Insular Life
mutual companies where - Financial security Assurance Company,
policyholders. Aids - Investment instruments Ltd., Inc.
financial protection and
insure protection on
uncertain future.
References:
Beers, B. (2021). A Brief Overview of the Insurance Sector
https://www.investopedia.com/ask/answers/051915/how-does-insurance-sector-work.asp
Dungo, F. (2022). Top 8 Best Financial Companies in the Philippines to Invest in 2022.
Retrieved from https://dailypik.com/financial-companies-philippines/
Hill, A. (2022). What does a Financial Services Company do? Retrieved from
https://www.smartcapitalmind.com/what-does-a-financial-services-company-do.htm
Horton, C. (2021). What is a Depository. Retrieved from https://www.thebalance.com/what-is-a-
depository-5206352
MichaelPage (n.d.), 11 Types of Financial Services and Institutions. Retrieved from
https://www.michaelpage.com/advice/career-advice/growing-your-career/11-types-financial-
services-and-institutions
Philippine Investment Fund Association (2004). Mutual Fund. Retrieved from
https://www.pifa.com.ph/mf_101.html
Pineda, A. (2022). How to Invest in Mutual Funds & UITF in the Philippines. Retrieved from
https://grit.ph/mutual-funds/.
Thismatter (n.d.). Depository Institutions. Retrieved from
https://thismatter.com/money/banking/depository-institutions.htm
Voigt, K. (2022). 11 Best Online Stock Brockers for Beginners of March 2022. Retrieved from
https://www.nerdwallet.com/best/investing/online-brokers-for-beginners