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In finance, an investment is a
monetary asset purchased with
the idea that the asset will
provide income in the future or
appreciate and be sold at a
higher price.
ALLIED UNDERTAKINGS
o Financial
Allied
Undertaking
s
o Nonfinancial
Allied
Undertaking
s
b. Holding company
Insurance agencies/brokerages;
(8)
(9)
(10) Service Bureaus organized to perform for and in behalf of banks and nonbank financial institutions the services allowed to be outsourced under
Circular No. 268; provided, that data processing companies may be allowed
to invest up to 40% in the equity of Service Bureaus;
(11)
Philippine Clearing House Corporation (PCHC) and Philippine Central
Depository, Inc. (PDIC); and
(12) Such other similar activities as the Monetary Board may declare as nonfinancial allied undertakings of banks.
UBs may further invest in health maintenance organizations (HMOs).
EQUITY INVESTMENTS
Universal Bank: A universal bank may, subject to the
conditions stated in the succeeding paragraph,
invest in the equities of allied and non-allied
enterprises as may be determined by the Monetary
Board. Allied enterprises may either be financial or
non-financial.