Read this in The Manila Times digital edition.
AYALA-LED Bank of the Philippine Islands (BPI) is looking to make inroads into the Filipino-Chinese market dominated by bigger rivals via its planned merger with Gokongwei-owned Robinsons Bank Corp. (RBC).
The deal — announced last September and still subject to regulatory approvals — was green-lit by BPI shareholders during a special stockholders meeting on Tuesday. BPI will be the surviving entity.
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