News Formal

BPI expects merger with Robinsons Bank to boost income, revenues - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

BANK of the Philippine Islands (BPI) expects its net income to climb by 5-6% and its revenues to rise by around 7% once its planned merger with Robinsons Bank Corp. takes effect, its top official said.

BW FILE PHOTO

Mr. Limcaoco said the main advantage Robinsons Bank has that was factored into the projected revenue growth is its customer base’s strong digital adoption, with over 35% of their retail clients enrolled in its online app. Mr. Limcaoco added that the merger is expected to immediately improve BPI’s industry ranking in terms of deposits to second place from third currently.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 9. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BPI sees boost from Gokongwei network with Robinsons Bank mergerThe 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.
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »

BPI, Robinsons Bank merger gets shareholders’ approvalThe proposed merger between the Bank of the Bank of the Philippine Islands (BPI) and Gokongwei-led Robinsons Bank Corporation has secured the go signal from the Ayala-led bank’s shareholders.
La source: gmanews - 🏆 11. / 68 Lire la suite »