#robinsons bpi merger

The Bank of the Philippine Islands (BPI) shareholders have approved the proposed merger between BPI and Robinsons Bank Corporation (RBC), with BPI as the surviving entity, subject to regulatory approvals. The details of the approved merger are outlined in BPI's press release found below: It can be recalled that last week, RBH announced that it was acquiring an additional 4.4% shares of stocks of BPI, increasing their total controlling shares to 10.4% of BPI. As per our most recent ranking of the biggest bank in the Philippines (by total assets), The BPI-Robinsons merger would place BPI at 3rd spot, displacing Metrobank. Before the merger, Robinsons Bank was listed (assets: Php176.9B, liabilities: Php158.6B) as the 17th biggest bank in the Philippines. Robinsons Retail Holdings (RRH) has announced that it is acquiring an additional 4.4% shares of stocks of BPI, increasing their total controlling shares to 10.4% of BPI. Back in September 2022, Robinsons Bank and Bank of the Philippine Islands agreed on a corporate merger with BPI as the surviving bank. The BPI-Robinsons merger could place BPI at 3rd spot, displacing Metrobank. Bank of the Philippine Islands (BPI) has partnered with Robinsons Retail Holdings, Inc. Read more in our articles including "BPI + Robinsons Bank Merger approved" and "Robinsons buys 4.4% more of BPI to control 10.4% of the bank".