#robinsons bank merger

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. "By October, you won’t see any Robinsons [Bank] branches," Sarte told reporters (via Business World). Sarte explained that the process involves consolidating some branches, transferring others to BPI, or using Robinsons Bank branches to host BPI services. JG Summit Capital, a wholly-owned subsidiary of JG Summit Holdings, Inc., has announced that it has approved the merger of the Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC), with the former emerging as the surviving entity. “Through the years, the Gokongwei Group has built and supported the growth of Robinsons Bank from a small savings bank to become one of the fastest-growing, full-service commercial banks in the country today. We believe that merging Robinsons Bank with BPI, which is one of the strongest and most profitable banks in the country, is the best path forward. Read more in our articles including "Robinsons Bank branches will finish rebranding to BPI by October 2025" and "BPI, Robinsons Bank Corporation to merge".