ValueGen Financial Insurance Company, Inc. (“ValueGen”) was initially granted authority by the Insurance Commission in 1997 to operate a composite life and non-life insurance license as Urbancorp Life and General Insurance, Inc. Its rebirth principally arose from the unprecedented merger of the Export and Industry Bank (EIB) with Urban Bank, Inc. and Urbancorp Investments, Inc. (UII). From Urban Bank Life then arose ValueLife Financial Insurance Company, Inc. In the middle of 2005, following corporate realignments, the non-life insurance portfolio was spun off to become ValueGen.

Albeit the newest player in the Philippine insurance industry, ValueGen is envisioned to be among the more professionally run financial institutions in the country providing the best financial protection and wealth management services tailored to customers in every market we are in business to serve. With the flexibility provided by its non-life insurance license, ValueGen has the capacity to service the broadest range of insurance requirements for individuals and corporations.

ValueGen’s total liquid assets are in excess of P130 million, with no debt. It is managed by a seasoned team of decision-makers with over 100 years in combined professional experience in the fields of finance and insurance.

We are steadfast in our commitment. We will be there when you need us.

 

Stockholder	Ownership
1. Export and Industry Bank (EIB)	45.45 %
2. ValueFinance, Inc. (wholly owned by EIB)	54.55 %

Export and Industry Bank (exportbank.com.ph) is one of the Philippine’s fastest growing commercial banks. It was established in January 1997 with the primary purpose of supporting the export industry in its goal to be one of the country’s leading income-generating sectors.

As such, Exportbank’s niche is in trade finance and commercial banking. Its diverse line of products and services range from electronic banking, foreign exchange, investment funds, financial instruments trading and distribution, corporate and mortgage banking to corporate finance.

In a span of almost eight years since its establishment, Exportbank has built a solid total asset base of Php 30.34 Billion and a total capital of Php 4.45 Billion.

In September 2001, Exportbank embarked on a successful merger with Urban Bank, Inc. (UBI) and Urbancorp Investments, Inc. (UII). The merger entailed taking on an enormous task of rehabilitating the closed UBI and UII. The challenge brought out the best in the bank’s management and has proven its worth as it fulfilled its commitments with exceptional achievements.

The Bank has successfully returned Php 15.1 Billion worth of deposits, including interests, to trapped UBI depositors through the settlement of Year 1, 2 and 3 Repayment Notes of the Liability Servicing Program (LSP). These settlements were all accomplished ahead of time and remarkably without having to call on the standby funds made available by the BSP, PDIC and SSS. A notable result of this achievement is a clear manifestation of renewed faith and confidence by a majority of LSP account holders who have kept their deposits in Exportbank.

One more success of Exportbank is the listing of its shares simultaneous with the resumption of trading of former UBI shares in the Philippine Stock Exchange. This development gives the various investors of the Bank the chance to enjoy the full value of their shares. The stock is now traded under the symbol EIB.

Exportbank presently has 50 branches strategically located in major business hubs nationwide and will continue expanding in growth areas where it will be able to extend its full range of commercial banking services. top

ValueGen’s wide array of product offerings caters to both individual and corporate needs. While the company continues to service retail individual insurance requirements, ValueGen has had distinct successes in the wholesale market as a provider of quality products related to employee benefit packages.

By the end of 2004, its wholesale, group casualty products will have benefited 38 corporations involved in pharmaceuticals, financial and consumer services, and manufacturing. Total value of outstanding insurance coverage exceeds P1.8 billion, involving over 5,500 participants.

ValueGen’s corporate clients are a diverse mix of interests in a wide range of industries. Among these are:

1.		Smart Telecommunication
2.		Ericsson Telecommunication, Inc.
3.		Republic Asahi Glass Philippines
4.		Steel Corporation of the Philippines
5.		Steel Asia Manufacturing Corp.
6.		Rhoer Corp.
7.		Sun Microsystems, Inc.
8.		New Kanlaon Construction, Inc.
9.		Asiawide Refreshments Corp.
10.		Informatics and Affiliates
11.		One McKinley Place
12.		139 Corporate Center
13.		Facilities, Inc.
14.		Regalia Park Tower
15.		Indo-Phil Textile Mills
16.		Multinational Investment Corp.
17.		Manila Yacht Club
18.		Broadway Centrum
19.		Philippine Central Depository, Inc.
20.		Facilities, Inc.
21.		Central Azucarrera de Don Pedro
22.		MMG Corporation
23.		Air Liquide
24.		Prestige Textile
25.		Waterfront Philippines, Inc. (Lahug) top

Inspite of its relatively young corporate existence, ValueGen has forged treaties with a panel of reputable reinsurers both foreign and local to support its life and non-life insurance operations:

Foreign

1.		Asian Re
2.		Best Re
3.		Caisse Centrale de Reassurances
4.		China International Re
5.		Fund American Re
6.		General & Marine
7.		Labuan Re

Local

1.		National Reinsurance Corporation of the Philippines
2.		Universal Malayan Re
3.		UCPB Gen top

ValueGen Financial has been accredited by a number of major banks to provide insurance coverage for their institutions and clients. These are:

1.		Bank of the Philippine Islands
2.		Citibank Manila
3.		Development Bank of the Philippines
4.		Rizal Commercial Banking Corp.
5.		Banco de Oro
6.		China Banking Corp.
7.		Export and Industry Bank
8.		Philippine Veterans Bank
9.		Philippine Business Bank

The process of accreditation is ongoing with several other banks. top

ALFREDO M. YAO, Chairman, Filipino, graduate of Mapua Institute of Technology with a degree in Engineering, 1962. Mr. Yao is currently the General Manager of Solmac Marketing, Inc., President of Harman Foods (Phils.), Inc., Amchem Marketing Corp., Uni-Ipel Industries, Inc., SMI Development, Inc., American Brands, Inc., and Zesto Philippines, and the Chairman of Semexco Marketing Corp. and Philippine Business Bank.

BENJAMIN P. CASTILLO, Vice Chairman, President and CEO of Export and Industry Bank, Filipino, graduate of San Beda College with Bachelor of Arts degree majoring in Philosophy, 1969. Mr. Castillo holds directorships in several institutions such as: The Bankers Association of the Philippines, Philippine Clearing House Corporation, LGU Guaranty Corporation, and the Philippines-Indonesia Business Council, among others. He was previously connected with Lippo Group and Citibank.

SERGIO R. ORTIZ-LUIS, JR., Director, Chairman of Export and Industry Bank, Filipino, graduate of De La Salle University with a Bachelor of Arts degree in Liberal Arts in 1964 and Bachelor of Science-Commerce majoring in Finance in 1965. A noted industry leader, Mr. Ortiz-Luis is President of the Philippine Exporters Confederation (PHILEXPORT), and the Chairman of Philippine Chamber of Commerce and Industry (PCCI), two major business organizations dedicated to the promotion of trade and investments in the country through policy advocacy efforts in macro-economic issues.

JOSE E. B. ANTONIO, Director, Filipino, Bachelor in Commercial Science, Major in Marketing, Cum Laude of San Beda College. A Master in Business Management at the Ateneo Graduate School of Business and attended the Owners Presidents Management Program in the Harvard Business School. He is concurrent Chairman of Century Properties Group, Inc., Meridien Development Group, Prestige Cars, Inc., Corporate Financial Advisors, Inc., and Century Asia Corporation. He is also Vice Chairman of Penta Pacific Realty Corp. and Philtranco Services Enterprise, Inc. and Director of Subic Air Charter Corp., Centennial Air Cargo, Inc. and Penta Helicopters Corp.

DIONISIO E. CARPIO, JR., Director, Filipino, graduate of Bachelor of Science in Mechanical Engineering at De La Salle University and Master in Business Management at Asian Institute of Management. Mr. Carpio is a member of the Board of Directors of Medco Holdings, Inc., Medco Asia Investment Corp.,Capital Place International Ltd., and Manila Exposition Complex, Inc. He was previously connected with Far East Bank & Trust Co.

RAMON S. OROSA, Director, Filipino, graduate of BS Commerce from De La Salle University. He was the first Filipino resident Vice President of Citibank, N.A., Manila from 1970 to 1972. He was the youngest ever CEO of a Philippine commercial bank when at age 31, he became the President and CEO of Philippine Commercial and Industrial Bank in 1972. He also became the President and Chairman of the Board of The International Corporate Bank in 1977. Presently, he is Chairman of the Boards of the following companies: RDR Realty Corp., Team Pacific Corp., Sun and Shield Security Agency, Inc. and Specialized Corporate Services, Inc.

JOSUE A. CAMBA, JR., Director and President, Filipino, graduate of BS Business Administration major in Accounting from the University of the East. A Certified Public Accountant, he became a Senior Vice President of Bancom Development Corp. at age 26. Under company scholarship, he attended the Harvard Business School Program for Management Development (PMD ’35) in 1978 in Boston, Ma. He was also a Chief Finance Officer of a California-based semiconductor group of companies and President/Chief Executive Officer of several investment houses here in the Philippines. He was elected President of the Financial Executives Institute of the Philippines (FINEX) in 1999 and Chairman of the Capital Market Development Council in 2000. He is currently the President of ValueLife Financial Insurance Co., Inc., Corporate Financial Advisors, Inc. as well as NAUD, Inc. (National Association of UBI/UII Depositors and Creditors). top