trending Market Intelligence /marketintelligence/en/news-insights/trending/p0bepqsvlytzcrq85n_dka2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Land Bank of the Philippines eyes approval for savings bank deal by June 2017

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia

Cord Cutting, Shaving Hits Smaller Networks Hard


Land Bank of the Philippines eyes approval for savings bank deal by June 2017

Land Bank of the Philippines expects to secure the central bank's approval for its proposed acquisition of Philippine Postal Savings Bank Inc. before the end of June 2017, BusinessWorld reported Dec. 23, citing Erwin Rommel Almacen, corporate planning officer of the bank.

The deal is expected to be completed by the third quarter of 2017 after which the acquirer will convert the savings bank into a subsidiary. The eventual plan of the government is to convert Philippine Postal Savings Bank into a new bank dedicated to serving overseas Filipino workers.

Almacen added that the acquisition is not expected to have an impact on the bank's overall growth in 2017, given that the Philippine Postal Savings Bank's assets and client base are less than 1% of Land Bank of the Philippines.