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BPI, Robinsons Bank merger takes effect

ABS-CBN News

<p>MANILA -- The merger between the Bank of the Philippine Islands and Robinsons Bank Corporation has taken effect, BPI said Tuesday.</p><p>BPI told the Philippine Stock Exchange that on December 29, they informed the state bourse that the Securities and Exchange Commission has approved the merger between BPI and RBC, with BPI as the surviving bank.</p><p>The Philippine Competition Commission earlier cleared the merger between BPI and Robinsons Bank in September.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/15/23/competition-commission-clears-bpi-robinsons-bank-merger">Competition commission clears BPI-Robinsons Bank merger</a></li></ul><p>BPI is the third-largest Philippine lender in terms of assets, with the Gokongwei-led lender at 16th.</p><p>BPI had earlier said that it hopes to tap into Robinsons Bank’s clientele when the merger of the two banks is completed.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/08/02/23/what-does-robinsons-bank-bring-to-bpi-merger">What does Robinsons Bank bring to BPI merger?</a></li></ul><div><strong>RELATED STORY:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2183280" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>