MANILA, Philippines – The Ayala-led Bank of the Philippines is set to merge with the Gokongwei-led Robinsons Bank Corporation , the companies announced on Friday, September 30.The deal involves RBC shareholders holding approximately 6% of the resulting outstanding capital stock of BPI after the merger.
JG Summit president and chief executive officer Lance Gokongwei said that the merger was born out of a review of its strategic options, adding that “banking is a scale game and will continue to require additional capital for growth.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ayala board names Consing new CEOConsing replaced Fernando Zobel de Ayala, who stepped down from various leadership positions within the Ayala Group early this month on medical reasons. READ: Yan, Mr. Consing! Paki una ayusin ang talk2GLOBE & hindi na nakaka enjoy maging subscriber! Ano ba DICTgovph - nawala na lang si PRRD na pinagmumura ang telcos, naiwan pa rin problema ng telco services!!! 🤬
Source: MlaStandard - 🏆 20. / 55 Read more »
Cezar Consing named Ayala Corporation president, CEOThis is the first time that the Philippines' oldest conglomerate will be led by someone not from the Zobel de Ayala clan.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
‘A Thousand Cuts’ wins News Emmy for Outstanding Social Issue DocumentaryA Thousand Cuts, the documentary following Rappler CEO Maria Ressa, wins the award for Outstanding Social Issue Documentary at the News and Documentary Emmys. AThousandCuts DocEmmys CourageON HoldTheLine DefendPressFreedom TeamRappler What! Nonononono!........ Congratulations CEO Ms Maria Ressa🙏🙏🎉🎉🎉 Congratulations Maria Ressa. Did you see this ilda_talk.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
BPI, Robinsons Bank confirm merger agreementICYMI: Ayala-led Bank of the Philippine Islands and Gokongwei-led Robinsons Bank Corp. confirmed their agreement to merge and said they were hoping to complete the process before the end of 2023.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
The renewable energy economyDURING a media roundtable on Thursday hosted by CNBC as part of the Asian Development Bank's annual meeting week, International Energy Agency (IEA) Executive Director Fatih... Listen to the Voice of the Times:
Source: TheManilaTimes - 🏆 2. / 92 Read more »