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Business > Corporate News
BPI-RBank merger OK'd by regulator
By Brix Lelis
Sep 16, 2023 12:22 am

THE Philippine Competition Commission (PCC) has cleared the proposed merger between Ayala-led Bank of the Philippine Islands (BPI) and Gokongwei-led Robinsons Bank Corp. (RBC), with BPI as the surviving entity.

'Please be advised that [the] Bank of the Philippine Islands received on September 13, 2023 the signed decision of the Philippine Competition Commission clearing the proposed merger between the bank and Robinsons Bank Corporation,' BPI said in a disclosure on Friday.

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