MANILA -- Ayala and Gokongwei groups, two of the Philippines' most powerful conglomerates, on Friday announced they will merge their banking units, as lenders in the country move to build scale and navigate a wave of digitalization.
Business deals
Philippines' Ayala and Gokongwei groups to merge banks
Uniting BPI and Robinsons Bank would create country's 2nd-biggest private lender
Ayala and Gokongwei groups, two of the Philippines' most powerful conglomerates, have agreed to merge their respective banking units. (Source photos screenshot from BPI and Robinsons bank)
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