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Merger to boost BPI loan growth

BANK of the Philippine Islands (BPI) will likely book robust loan growth this year following its January 1 merger with Robinsons Bank Corp. (RBank), Maybank Investment Banking Group said Wednesday.

The consolidation with RBank, with BPI as the surviving entity, should help the Ayala-led bank notch 15-percent year-on-year loan growth from its corporate and consumer lending business, Maybank said in a report.