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The Banco de Oro-Equitable PCI Bank merger (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, the then fifth-largest bank in the Philippines, to merge with Equitable PCI Bank, the third-largest bank. The merger was part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine ...
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With the success of this merger, Banco de Oro became the second largest bank, with assets of P613 billion, after the current industry leader, Metropolitan Bank and Trust Company, with assets of more than P641.5 billion. The merger demoted the Bank of the Philippine Islands to third place, with P582 billion in assets. BDO has since surpassed ...
The landmark decision would trigger a planned merger between Philippine National Bank (PNB) and Tan's Allied Banking Corporation. Edgar Bancod, research head, ATR-Kim Eng Securities, stated that the merged bank would become the country's fourth biggest after Metropolitan Bank & Trust Co., Banco de Oro-EPCIB, and the Bank of the Philippine Islands.
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The Philippine Competition Commission is an independent, quasi-judicial body created to enforce the act. It is attached to the Office of the President of the Philippines. [6] Five commissioners were appointed to the Philippine Competition Commission and sworn in on January 27, 2015: [7] Michael G. Aguinaldo (Chairperson) Marah Victoria S. Querol
As of July 7, 2010, the remaining stumbling block to the merger was addressed, as the latter found a buyer for its minority stake in a California-based bank. [18] The move was seen to pave the way for the merger. [19] On February 9, 2013, the PNB–Allied Bank merger was completed, with Philippine National Bank as the surviving brand. The ...
Vega Telecom Inc. is a Filipino telecommunications company jointly owned by Globe Telecom and PLDT.It was established as a holding company of San Miguel Corporation for its various telecommunications investments.