SPOT.ph) The merger between Bank of the Philippine Islands and Robinsons Bank Corporation officially took effect on January 1. Two massive corporate entities merging is a big thing in itself, but we're sure the only real question in people's minds is "How will this affect me?". We lay it down for you and your money below.
BPI and Robinsons Bank Merger: What happens now?
On a bigger scale, the merger means Robinsons Bank shareholders will end up owning approximately 6% of Ayala-led BPI, JG Summit told the stock exchange. The two linked paths in order to give "customers access to a fuller range of banking products and services as the combined organization will leverage on ecosystems of both the Gokongwei and Ayala Groups," said JG Summit...