MANILA - The Bank of the Philippine Islands is "interested" in bidding for the consumer and retail businesses of Citibank Philippines after the banking giant announced its exit from the country, BPI's new president and CEO TG Limcaoco said Thursday.
"Most likely, we will be interested, to be honest. It's a great business...I think when you look at our capital ratios, we have sufficient capital. I don't know what the ticket size would be but I suspect we should have sufficient capital to be able to fund it internally," he added.PH banking giant, $BPI holds a virtual briefing with members of the press following its online Annual Stockholders Meeting pic.twitter.
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BPI eyes acquiring Citi's Philippine retail businessIf a deal is reached, BPI would almost double its retail business, as Citi is among the leading credit card issuers. Singapore branches nalang yata ang i-kekeep ng Citibank.
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BPI eyeing bid for Citi consumer, retail banking businessAyala-led Bank of the Philippine Islands (BPI) is keen on bidding for the Philippine consumer and retail banking business of Citi, which plans to exit this segment as part of a global downsizing program. | Philbizwatcher Philbizwatcher citibank mobile banking is the most user friendly 🥺 Philbizwatcher BPI has weak cybersecurity measure in its digital platform, check this petition. 'PHILIPPINES BANKING SYSTEM REFORMS FOR CLIENTS SAFETY'
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BPI eyeing bid for Citi consumer, retail banking businessAyala-led Bank of the Philippine Islands (BPI) is keen on bidding for the Philippine consumer and retail banking business of Citi, which plans to exit this segment as part of a global downsizing program. | Philbizwatcher Philbizwatcher citibank mobile banking is the most user friendly 🥺 Philbizwatcher BPI has weak cybersecurity measure in its digital platform, check this petition. 'PHILIPPINES BANKING SYSTEM REFORMS FOR CLIENTS SAFETY'
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