One of the country’s largest and most diversified conglomerates has had a good first six months of the year.
One of the country's largest and most diversified conglomerates has had a stellar first half of 2024. JG Summit, the holding company of the Gokongwei family, doubled its core profits to P18.1 billion during the first six months of the ...
Severe flooding brought by Typhoon Carina, enhanced by the southwest monsoon, has forced several companies and businesses to temporarily shut down operations. These include major financial institutions, which have shortened their operating hours in the aftermath of the typhoon.A total of ...
The Zobel family-led conglomerate's net income went up to P13 billion from January to March.
Ayala Corporation shows robust performance once again, with earnings soaring by 28 percent from January to March this year. This increase brought the Zobel family-led conglomerate's net income to P13 billion, fueled by its banking and property segments, among others. ...
The strong start was driven by the merger between the Gokongwei Group's Robinsons Bank and the Ayalas' Bank of the Philippine Islands.
Gokongwei-led conglomerate JG Summit Holdings started the year strong, with its net income surging to P12.6 billion in the first quarter. This was up by 213 percent year-on-year, on the back of performances across its food, real estate, ...
This follows the merger between the Ayala and Gokongwei-owned banks.
Integrating all branches of Robinsons Bank Corporation into the system of the Bank of the Philippine Islands may not be completed until next year. The process, expected to take 12 to 18 months, follows the merger between the Gokongwei Group and the ...
The Gokongweis' Robinsons Bank officially merged with the Ayalas' BPI on January 1, 2024. Here's a look back at some other significant mergers and acquisitions in the country’s banking history.
On January 1, 2024, the merger of Robinsons Bank and Bank of the Philippine Islands (BPI) finally became effective, with BPI as the surviving entity. That means that Robinsons Bank of the Gokongwei Group will eventually cease to exist and will be ...
Over a year since it was first announced, the planned merger between the Ayalas' Bank of the Philippine Islands (BPI) and the Gokongweis' Robinsons Bank finally overcame its final major hurdle with the approval of the Monetary Board of the Bangko Sentral ...
Robinsons Bank, the financial services arm of the Gokongwei Group, is merging with the Ayala-owned and controlled Bank of the Philippine Islands, it was announced on Friday (September 30). In a disclosure to the PSE, both boards of listed companies JG ...
It will soon be accessible through kiosks nationwide.
While the Philippines has done well in terms of its cashless payment adoption, the country still has a long way to go before Filipinos can transact this way globally. This is the primary reason why GoTyme Bank has partnered with BancNet and ...
We use cookies to ensure you get the best experience on Esquiremag.ph. By continued use, you agree to our privacy policy and accept our use of such cookies. Find out more here.