BPI sees boost from Gokongwei network with Robinsons Bank merger

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The merger with Robinsons Bank would mean greater access to the Filipino-Chinese market segment, which has been the 'significant advantage' of competitors, says BPI president and CEO TG Limcaoco.

BPI plans to absorb the Gokongwei-led bank, subject to regulatory approvals from the Philippine Competition Commission, Bangko Sentral ng Pilipinas, and Securities and Exchange Commission.

Limcaoco added that the merger would “unlock synergies” across their products and platforms, citing the Gokongwei group’s empire, which includes food manufacturing, air transportation, real estate, property development, and retail. Once the merger is complete, all Robinsons Bank branches will be converted into BPI branches. But some branches may be closed down following a post-merger rationalization study, taking into account their location and BPI’s increasing digitalization.“Our plan is that the merger should not result in any layoffs on either side. They have an excellent workforce. We believe there is room for everyone in a merger,” he said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Tokyo stocks end lower on stronger yenTokyo stocks ended lower Monday, with exporters hit hard by a stronger yen and investors cautious ahead of a Bank of Japan meeting. The benchmark Nikkei 225 index was down 1.14 percent, or 297.20
Fonte: inquirerdotnet - 🏆 3. / 86 Consulte Mais informação »