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JG Summit confirms Robinsons Bank, BPI in discussion for 'potential' deal

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ABS-CBN News

<p>MANILA - JG Summit Holdings Inc on Friday said it is in discussion with Bank of the Philippine Islands along with its unit Robinsons Retail Holdings Inc for a potential deal with BPI and Robinsons Bank Corp. </p><p>On Thursday, BPI confirmed to ABS-CBN News that it is in talks for a &quot;potential collaboration&quot; with the Gokongwei-led bank after news reports circulated online. </p><p>&quot;Please be informed that the Bank of the Philippine Islands (“BPI”) are in the preliminary stage of discussions with Robinsons Retail Holdings, Inc. and JG Summit Capital Services Corp. on a potential collaboration between BPI and Robinsons Bank Corporation,&quot; JG Summit also said in a disclosure to the stock exchange.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/29/22/bpi-says-potential-collaboration-with-robinsons-bank">BPI confirms talks with Robinsons Bank on &#x27;potential collaboration&#x27;</a></li></ul><p>Further disclosures will be made as needed, BPI said in a separate disclosure to the stock exchange. </p><p>The Gokongwei group operates Robinsons Bank as well as the licensed digital bank GOTyme along with its Singapore-based fintech partner. GOTyme is expected to become fully operational this year.</p><p>Only 6 digital banking licenses were issued by the Bangko Sentral ng Pilipinas. [ONLY 6 https://news.abs-cbn.com/business/08/24/22/6-digital-banks-allowed-to-fully-operate-bsp]</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/07/21/gotyme-says-partner-secures-investment-from-tencent">Gokongweis&#x27; GOTyme says partner secures investments from Tencent, CDC Group</a></li>	<li><a href="https://news.abs-cbn.com/business/09/24/21/digital-bank-gotyme-eyes-mid-2022-launch">Digital bank GOTyme eyes mid-2022 launch: Lance Gokongwei</a></li></ul><div><strong>RELATED VIDEO: </strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/dcPwimFWQ4Y?enablejsapi=1" width="560"></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>

JG Summit Holdings Inc on Friday said it is in discussion with Bank of the Philippine Islands along with its unit Robinsons Retail Holdings Inc for a potential deal with BPI and Robinsons Bank Corp. 