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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 ...
Pages in category "Mergers and acquisitions of Philippine companies" This category contains only the following page. This list may not reflect recent changes. B.
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.
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 ...
It was re-titled again through an Executive Order 85 on March 18, 2002, to Philippine Export-Import Credit Agency (PhilEXIM). On July 23, 2018, President Rodrigo Duterte approved the merger of the Home Guaranty Corporation and PhilEXIM to prevent operational redundancies, standardize policies, facilitate timely approvals, and lower ...
[19] [20] The merger resulted in EastWest Bank becoming the sixth largest lender for housing, auto and credit cards in the country. [21] In 2004, the Bank received the "Best Website Award" in the Banking and Finance category of the 7th Philippine Web Awards. EastWest Unibank joined the Philippine Stock Exchange on May 7, 2012. [22]
Plantersbank grew to be the largest private development bank and leading bank for SMEs in the Philippines with total assets of ₱54 billion, total loan portfolio of ₱33 billion, and deposits of ₱44 billion as of June 30, 2013. [2] In 2016, the bank was merged with China Bank Savings.