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Philippine Billionaire Ayala, Gokongwei Families To Merge Banking Units

Por: Forbes Business October 03, 2022

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People walk past a branch of the Bank of the Philippine Islands (BPI) in Manila on June 8, 2017. ELOISA LOPEZ/AFP via Getty Images (BPI)—controlled by the country’s oldest conglomerate, —has agreed to merge with the Gokongwei Group’s Robinsons Bank in a deal that would bolster BPI’s position as the nation’s second-largest lender by market capitalization. Under the deal, and Robinsons Retail Holdings—which are owned by the family of... + full article



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