The pre-need products of Ayala Plans are not insured by the Philippine Deposit Insurance Corporation (PDIC) and are not guaranteed by the Bank of the Philippine Islands.
A summary of related party transactions reported to IC for the year 2020 ended December 31 is shown below:
Related party transactions | Transaction amount (in millions of Pesos) |
---|---|
Purchase of Goods and Services from: Parent (Bank of the Philippine Islands) | 3 |
Affiliates: | 6.6 |
3.8 | |
13.4 |