In an interview with Inquirer last week, De Jesus said at the end of the day, the DBP would abide by what the Governance Commission for Government-owned and -Controlled Corporations would recommend. “If GCG says it is [a merger process to be effected] by executive order, then it’s by executive order. The [DBP] board will not oppose.”
“The merger is not good. You’re putting all your eggs in one basket. In the future, in case of a mismanagement or corruption, you only have one bank as opposed to having two,” he stressed. Due to separate single borrower’s limit , DBP argued that both banks complete each other by serving enterprises belonging to common industries simultaneously by having separate industry limits. SBL refers to the limit on total credit commitment to a single bank, currently at 30 percent of the lender’s net worth.On the other hand, a merged entity that may enjoy the benefits of massive capital would still be subjected to SBL and industry limits, which may affect access to development financing.
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