Ayalas, Gokongweis join forces GIZGUIDEPH GadgetCoach TechPH BPI RobinsonsBank
Ayalas, Gokongweis join forcesReuters reported that BPI, the Philippines’ oldest lender, will be merging with a smaller commercial bank to expand its client base and fast-track growth.
The respective boards of directors of BPI, RBC, Robinsons Retail Holdings Inc. , and JG Summit Capital Services Corp. approved the merger, with BPI as the surviving entity.RBC shareholders will hold around 6 percent of BPI’s outstanding capital stock upon its effectivity.
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