BPI, Robinsons Bank merger gets shareholders’ approval

  • 📰 gmanews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The 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.

The proposed merger between the Bank of the Bank of the Philippine Islands and Gokongwei-led Robinsons Bank Corporation has secured the go signal from the Ayala-led bank’s shareholders.

“The proposed merger with Robinsons Bank Corporation will unlock various synergies across several products and service platforms and expand the customer and deposit base of both banks,” said BPI president and CEO Jose Teodoro Limcaoco. The BPI chief added that the merger will also expand BPI’s access to the Gokongwei network, especially to the Filipino-Chinese market segment, “which has been the significant advantage of our closest competitors.”

On effective date of the merger, BPI will issue primary common shares to the Robinsons Bank stockholders that will result in the Gokongwei-led bank’s shareholders owning approximately 6% of the resulting outstanding common shares of BPI.

 

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:

 /  🏆 11. in PT

Portugal Últimas Notícias, Portugal Manchetes

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

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.
Fonte: rapplerdotcom - 🏆 4. / 86 Consulte Mais informação »

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 »