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%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 9. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

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.
Source: gmanews - 🏆 11. / 68 Read more »