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#BPI acquisition

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As a result of the merger, Bank of the Philippine Islands (BPI) eyes to complete rebranding of all Robinsons Bank (RBC) branches by October this year. BPI Executive Vice President and RBC President Elfren Antonio Sarte confirmed this last week. As of June 2024, BPI operated 865 branches, while RBC had 157. The two banks officially merged on January 1, 2024, with BPI as the surviving entity. Sarte explained that the process involves consolidating some branches, transferring others to BPI, or using Robinsons Bank branches to host BPI services. The Bank of the Philippine Islands (BPI) has issued a System Maintenance Advisory informing its clients that its ATMs, cash deposit machines (CDMs), POS terminals and online banking services, will be unavailable at certain times in the next few days. News have been spreading the entire week that dozens of BPI customers have reported unauthorized withdrawals from their ATM accounts. Just a while ago, we also noticed that BPI has started sending out email alerts whenever there is a withdrawal made in its ATM machines. Read more in our articles including "Robinsons Bank branches will finish rebranding to BPI by October 2025" and "BPI ATMs, CDMs, and online banking services to be unavailable in the next few days".

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Frequently Asked Questions

What is BPI acquisition?

As a result of the merger, Bank of the Philippine Islands (BPI) eyes to complete rebranding of all Robinsons Bank (RBC) branches by October this year. BPI Executive Vice President and RBC President Elfren Antonio Sarte confirmed this last week.

What have you covered about BPI acquisition?

As of June 2024, BPI operated 865 branches, while RBC had 157. The two banks officially merged on January 1, 2024, with BPI as the surviving entity. Sarte explained that the process involves consolidating some branches, transferring others to BPI, or using Robinsons Bank branches to host BPI services.

Where can I find articles about BPI acquisition?

Our coverage of BPI acquisition includes: "Robinsons Bank branches will finish rebranding to BPI by October 2025"; "BPI ATMs, CDMs, and online banking services to be unavailable in the next few days"; "BPI starts sending withdrawal alerts after ATM skimming". Each article provides unique insights and information.